-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KelTbrzT6hbBknzQK1A3ucLv6mynipbbB++5KP+JqqvnlRK9SCEfmANuFIZ39aie fl55Bnxr2FH0cTT2jj9KqA== 0000950135-06-004238.txt : 20060710 0000950135-06-004238.hdr.sgml : 20060710 20060710110351 ACCESSION NUMBER: 0000950135-06-004238 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060710 DATE AS OF CHANGE: 20060710 GROUP MEMBERS: INTEGRITY BRANDS PARTNERS LLC GROUP MEMBERS: THE INTEGRITY BRANDS FUND, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CROSS A T CO CENTRAL INDEX KEY: 0000025793 STANDARD INDUSTRIAL CLASSIFICATION: PENS, PENCILS & OTHER ARTISTS' MATERIALS [3950] IRS NUMBER: 050126220 STATE OF INCORPORATION: RI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-30247 FILM NUMBER: 06952806 BUSINESS ADDRESS: STREET 1: ONE ALBION RD CITY: LINCOLN STATE: RI ZIP: 02865 BUSINESS PHONE: 4013331200 MAIL ADDRESS: STREET 1: ONE ALBION ROAD CITY: LINCOLN STATE: RI ZIP: 02865 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: POUND JOHN CENTRAL INDEX KEY: 0001216667 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: BUSINESS PHONE: (617) 731-4070 MAIL ADDRESS: STREET 1: 1735 COMMONWEALTH AVENUE CITY: BOSTON STATE: MA ZIP: 02135 SC 13D 1 b61528jpsc13d.htm JOHN POUND RE: A.T. CROSS COMPANY sc13d
 

     
 
OMB APPROVAL
 
 
OMB Number: 3235-0145
 
 
Expires: February 28, 2009
 
 
Estimated average burden hours per response...15
 
 
 
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No.  )*

A.T. Cross Company
(Name of Issuer)
Class A Common Stock, $1.00 par value per share
(Title of Class of Securities)
227478104
(CUSIP Number)
John Pound
Integrity Brands Partners LLC
53 Westbourne Terrace
Brookline, MA 02446
617-731-4070
With a copy to:
Robert Birnbaum, Esq.
Paul Bork, Esq.
Foley Hoag LLP
155 Seaport Blvd.
Boston, MA 02210
617-832-1151
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 30, 2006
(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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-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).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 
 


 

                     
CUSIP No.
 
227478104 
  Page  
  of   

 

           
1   NAMES OF REPORTING PERSONS:

The Integrity Brands Fund, L.P.
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
 
  I.R.S. Identification No. 20-3964059
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY:
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS):
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Delaware
       
  7   SOLE VOTING POWER:
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   717,773
       
EACH 9   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER:
     
    717,773
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  717,773
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
   
  5.37%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  PN

2


 

                     
CUSIP No.
 
227478104 
  Page  
  of   

 

           
1   NAMES OF REPORTING PERSONS:

Integrity Brands Partners LLC
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
 
  I.R.S. Identification No. 20-3964000
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY:
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS):
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Delaware
       
  7   SOLE VOTING POWER:
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   717,773
       
EACH 9   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER:
     
    717,773
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  717,773
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
   
  5,37%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  OO

3


 

                     
CUSIP No.
 
227478104 
  Page  
  of   

 

           
1   NAMES OF REPORTING PERSONS:

John Pound
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
 
 
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o 
  (b)   þ 
     
3   SEC USE ONLY:
   
   
     
4   SOURCE OF FUNDS (SEE INSTRUCTIONS):
   
  WC
     
5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e):
   
  o
     
6   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  USA
       
  7   SOLE VOTING POWER:
     
NUMBER OF   0
       
SHARES 8   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   717,773
       
EACH 9   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   0
       
WITH 10   SHARED DISPOSITIVE POWER:
     
    717,773
     
11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  717,773
     
12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
   
  5.37%
     
14   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  IN

4


 

     
CUSIP No. 227478104
  Page 5 of 8 Pages     
Item 1.      Security and Issuer
This joint statement on Schedule 13D relates to the Class A common stock, $1.00 par value per share (the “Class A Stock”) of A.T. Cross Company, a Rhode Island corporation (the “Issuer”). The address of the Issuer’s principal executive offices is One Albion Road, Lincoln, Rhode Island 02865. As reported on the Issuer’s Form 10Q for the quarter ended April 1, 2006, 13,365,437 shares of the Issuer’s Class A Stock were outstanding.
Item 2.      Identity and Background
(a) This joint statement on Schedule 13D is being filed by The Integrity Brands Fund, L.P., Integrity Brands Partners LLC and John Pound, who are collectively referred to as the “Reporting Persons.” Mr. Pound (the “Manager”) is the manager of Integrity Brands Partners LLC (the “General Partner”), which is the sole general partner of The Integrity Brands Fund, L.P. (the “Fund”). The General Partner has the power to vote and dispose of the shares of Class A Stock owned by the Fund, and by virtue of his position, the Manager has the power to direct the vote and dispose of the shares of Class A Stock held by the Fund. Information with respect to each of the Reporting Persons is as follows:
(b) The business address for each Reporting Person is 53 Westbourne Terrace, Brookline, Massachusetts 02446. The business telephone number for each reporting person is 617-731-4070.
(c) The business of the Fund is that of a limited partnership engaged in the purchase and sale of securities for its own account. In addition to being the sole Manager, Mr. Pound is the sole manager of Integrity Brands Advisors LLC, a limited liability company that identifies, originates, and oversees investment opportunities in public and private companies in the consumer brand and specialty retail arenas, on behalf of himself and other co-ventures.
(d) None of the Reporting Persons have, during the past five years, been convicted in a criminal proceeding.
(e) None of the Reporting Persons have, in the past five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction which, as a result of such proceeding, rendered such Reporting Person 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.
(f) The General Partner is a Delaware limited liability company, the Fund is a Delaware limited partnership and Mr. Pound is a United States citizen.
Item 3.      Source and Amount of Funds or Other Consideration
The Reporting Persons acquired all shares of Class A Stock for a total of $3,229,978.50 using partnership funds.

 


 

     
CUSIP No. 227478104
  Page 6 of 8 Pages     
Item 4.      Purpose of Transaction
The Reporting Persons acquired shares of the Class A Stock of the Issuer based on their belief that (i) there is compelling value inherent in the Issuer’s core brand and products; (ii) the Issuer’s Class A Stock is undervalued in the public market and (iii) new value can be created through enhancements in operating efficiency and through continued growth of the Company’s brand and distribution channels.
The Reporting Persons have had discussions with the Issuer’s management team and intend to continue and expand that dialogue as events and developments warrant, with the goal of aiding in the value creation process.
Except as set forth above, the Reporting Persons do not have any current intention, plan, or proposal with respect to: (a) the acquisition by any person of additional securities of the company, or the disposition of securities of the Company; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Company or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Company or any of its subsidiaries; (d) any change in the present Board of Directors or management of the Company, including any plans or proposals to change the number or term of Directors or to fill any existing vacancies on the Board; (e) any material change in the present capitalization or dividend policy of the Company; (f) any other material change in the Company’s business or corporate structure; (g) changes in the Company’s charter, bylaws, or instruments corresponding thereto or other actions which may impede the acquisition of control of the Company by any person; (h) causing a class of securities of the Company to be delisted from a national securities exchange, if any, or cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the Company become eligible for termination of a registration pursuant to Section 12(g)(4) of the Act; or (j) any action similar to those enumerated above. The Reporting Persons reserve their right to monitor their investment and alter their plans with respect to these and all other issues pertaining to their investment at any point in time.
Item 5.      Interest in Securities of the Issuer
(a) As of the date stated hereof, the Reporting Persons have the following interest in the securities of the Issuer:
(i) the Fund beneficially owns 717,773 shares of the Issuer’s Class A Stock, representing 5.37% of the Issuer’s Class A Stock; and
(ii) the General Partner may be deemed to beneficially own all shares of Class A Stock beneficially owned by the Fund and Mr. Pound, based on his position as the sole Manager of the General Partner, may be deemed to beneficially own all shares of Class A Stock deemed to be beneficially owned by the General Partner.
(b) With regard to all shares of Class A Stock owned by the Fund, the General Partner and by Mr. Pound, dispositive and voting power may be deemed to be shared.

 


 

     
CUSIP No. 227478104
  Page 7 of 8 Pages     
(c) The following transaction in the Class A Stock was conducted by Reporting Persons since May 31, 2006, the date which is 60 days prior to the event requiring the filing of this statement:
                     
        No. of Shares   Purchase/(Sale)
Person   Date   Purchased/(Sold)   Price Per Share
The Integrity Brands Fund, L.P.
  6/30/2006     717,773     $ 4.50  
The above listed transaction was conducted in the ordinary course of business on the open market for cash. The purchase and sale price does not reflect the brokerage commissions paid.
(d)      N/A
(e)      N/A
Item 6.      Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Except for matters described in this Schedule 13D, including the Exhibits attached hereto, there are no contracts, arrangements, understandings, or relationships (legal or otherwise) among the Reporting Persons, or between any Reporting Person(s) and any third party, with respect to any securities of the Issuer, including, but not limited to, transfer or voting any of the securities, finder’s fees, joint ventures, loan or option arrangements, put or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies.
Item 7.      Material to be Filed as Exhibits
Exhibit 1      Joint Filing Agreement by and among The Integrity Brands Fund, L.P., Integrity Brands Partners LLC and John Pound dated June 30, 2006.

 


 

     
CUSIP No. 227478104
  Page 8 of 8 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.
         
  DATE:  June 30, 2006               


THE INTEGRITY BRANDS FUND, L.P.
 
 
  By:   Integrity Brands Partners LLC    
       General Partner   
       
         
  By:   /s/ John Pound    
    John Pound   
    Manager   
 
         
  INTEGRITY BRANDS PARTNERS LLC
 
 
  By:   /s/ John Pound    
    John Pound   
    Manager   
 
         
  JOHN POUND
 
 
  By:   /s/ John Pound    
    John Pound   
       

 


 

         
     
CUSIP No. 227478104
  Page 1 of 1 Page     
JOINT FILING AGREEMENT
Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree, as of June 30, 2006, that only one statement containing the information required by Schedule 13D, and each amendment thereto, need be filed with respect to the ownership by each of the undersigned of shares of Class A Stock of A.T. Cross Company, and such statement to which this Joint Filing Agreement is attached as Exhibit 1 is filed on behalf of each of the undersigned.
         
  DATE:  June 30, 2006               


THE INTEGRITY BRANDS FUND, L.P.
 
 
  By:   Integrity Brands Partners LLC    
       General Partner   
       
         
  By:   /s/ John Pound    
    John Pound   
    Manager   
 
         
  INTEGRITY BRANDS PARTNERS LLC
 
 
  By:   /s/ John Pound    
    John Pound   
    Manager   
 
         
  JOHN POUND
 
 
  By:   /s/ John Pound    
    John Pound   
       
 

 

-----END PRIVACY-ENHANCED MESSAGE-----