-----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, R7ZgnAHlBsNWvHD0aNkZ5NedfR6pnR+0Wvke2Em1O0gem0TCUJgQAGXXIU1fLB8C HUHtDcpZ85htXSzjaxAjrg== 0000902664-05-001980.txt : 20051007 0000902664-05-001980.hdr.sgml : 20051007 20051007100250 ACCESSION NUMBER: 0000902664-05-001980 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20051007 DATE AS OF CHANGE: 20051007 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GOODYS FAMILY CLOTHING INC /TN CENTRAL INDEX KEY: 0000879123 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FAMILY CLOTHING STORES [5651] IRS NUMBER: 620793974 STATE OF INCORPORATION: TN FISCAL YEAR END: 0126 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42079 FILM NUMBER: 051128487 BUSINESS ADDRESS: STREET 1: 400 GOODYS LN STREET 2: P O BOX 22000 CITY: KNOXVILLE STATE: TN ZIP: 37922 BUSINESS PHONE: 8659662000 MAIL ADDRESS: STREET 1: P O BOX 22000 STREET 2: 400 GOODYS LANE CITY: KNOXVILLE STATE: TN ZIP: 379332000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Prentice Capital Management, LP CENTRAL INDEX KEY: 0001326150 IRS NUMBER: 731728931 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 900 THIRD AVENUE, 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (212) 756-8040 MAIL ADDRESS: STREET 1: 900 THIRD AVENUE, 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 sc13da.txt GOODY'S FAMILY CLOTHING, INC. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------- SCHEDULE 13D/A* (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 1) Goody's Family Clothing, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, no par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 382588101 - -------------------------------------------------------------------------------- (CUSIP Number) Marc Weingarten, Esq. Schulte Roth & Zabel LLP 919 Third Avenue New York, New York 10022 (212) 756-2000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) October 6, 2005 - -------------------------------------------------------------------------------- (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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. [X] NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of 6 Pages) - -------------------------- * 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. 382588101 SCHEDULE 13D/A PAGE 2 OF 6 PAGES - ------------------------------ -------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Prentice Capital Management, LP - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER -0- --------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 2,080,100 (see Item 5) OWNED BY --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON WITH -0- --------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,080,100 (see Item 5) - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 2,080,100 (see Item 5) - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.28% (see Item 5) - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - ------------------------------ -------------------- CUSIP NO. 382588101 SCHEDULE 13D/A PAGE 3 OF 6 PAGES - ------------------------------ -------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Michael Zimmerman - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - ------------------------------------------------------------------------------- 7 SOLE VOTING POWER -0- --------------------------------------------------------- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY 2,080,100 (see Item 5) OWNED BY --------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON WITH -0- --------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 2,080,100 (see Item 5) - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 2,080,100 (see Item 5) - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [X] - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.28% (see Item 5) - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - ------------------------------ -------------------- CUSIP NO. 382588101 SCHEDULE 13D/A PAGE 4 OF 6 PAGES - ------------------------------ -------------------- The Schedule 13D filed on October 6, 2005 by Prentice Capital Management, LP, a Delaware limited partnership, and Michael Zimmerman (together, the "Reporting Persons") relating to the shares of Common Stock, no par value (the "Shares"), of Goody's Family Clothing, Inc., a Delaware corporation (the "Issuer"), is hereby amended as set forth below by this Amendment No. 1 to the Schedule 13D. The principal executive office of the Issuer is located at 400 Goody's Lane, Knoxville, TN 37922. Item 4 Purpose of Transaction. Item 4 of the Schedule 13D is hereby amended and supplemented by deleting the last paragraph thereof and replacing it with the following: On October 6, 2005, the Reporting Persons, jointly with GMM, sent a letter to the Issuer modifying their September 29, 2005 acquisition proposal by increasing the estimated purchase price range to between $8.50 and $9.00 per share. Additionally, the letter indicates the Reporting Persons' ability to complete due diligence quickly, and their willingness to consummate the transaction by tender offer and merger. A copy of the letter is set forth hereto as Exhibit D. Except as set forth herein, neither of the Reporting Persons have any present plan or proposal that would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Depending on various factors including, without limitation, the Issuer's financial position and strategic direction, price levels of the Shares, conditions in the securities market and general economic and industry conditions, the Reporting Person may in the future take such actions with respect to their investment in the Issuer as they deem appropriate including, without limitation, purchasing additional Shares or selling some or all of their Shares, and, alone or with others, pursuing discussions with the Issuer, other stockholders and third parties with respect to the proposed acquisition of the Issuer and their investment in the Issuer, and/or otherwise changing their intention with respect to any and all matters referred to in Item 4 of Schedule 13D. Item 7. Material to be Filed as Exhibits. 1. Exhibit A - Joint Acquisition Statement, dated October 6, 2005 (previously filed) 2. Exhibit B - Letter to Issuer, dated September 29, 2005 (previously filed) 3. Exhibit C - Transactions in the Shares by the Reporting Persons during the past 60 days (previously filed) 4. Exhibit D - Letter to Issuer, dated October 6, 2005 - ------------------------------ -------------------- CUSIP NO. 382588101 SCHEDULE 13D/A PAGE 5 OF 6 PAGES - ------------------------------ -------------------- SIGNATURES 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: October 7, 2005 PRENTICE CAPITAL MANAGEMENT, LP BY: /s/ Charles Phillips -------------------------------- Name: Charles Phillips Title: Chief Operating Officer MICHAEL ZIMMERMAN /s/ Michael Zimmerman -------------------------------- Michael Zimmerman - ------------------------------ -------------------- CUSIP NO. 382588101 SCHEDULE 13D/A PAGE 6 OF 6 PAGES - ------------------------------ -------------------- EXHIBIT INDEX 1. Exhibit A - Joint Acquisition Statement, dated October 6, 2005 (previously filed) 2. Exhibit B - Letter to Issuer, dated September 29, 2005 (previously filed) 3. Exhibit C - Transactions in the Shares by the Reporting Persons during the past 60 days (previously filed) 4. Exhibit D - Letter to Issuer, dated October 6, 2005 EX-99 2 exhibitd.txt EXHIBIT D GMM Capital LLC PRENTICE CAPITAL MANAGEMENT, LP October 6, 2005 CONFIDENTIAL Robert M. Goodfriend Chairman and Chief Executive Officer Goody's Family Clothing, Inc. 400 Goody's Lane P.O. Box 22000 Knoxville, TN 37933-2000 Re: GOODY'S FAMILY CLOTHING, INC. Dear Mr. Goodfriend: In view of the Company's announcements today, we are writing to increase, and reaffirm, our September 29th proposal to acquire 100% of the capital stock of Goody's Family Clothing, Inc. We hereby increase the range of our all cash purchase price to between $8.50 and $9.00 per share. This proposal is subject to the terms and conditions set forth in our September 29th Letter. We have already fully reviewed the publicly available information with respect to the Company, and believe we would be able to complete any remaining due diligence in a five day period once the information was made available to us, subject only to the religious holiday next week. The principal focus of our diligence would be to validate inventory and real estate valuations, and any material that the Company has in this regard would facilitate and accelerate our review. We would be prepared to effectuate our proposed transaction through the prompt commencement of a cash tender offer followed by a cash merger, once binding definitive agreements are negotiated and executed. Again, our transaction proposal would not be subject to any financing condition. GMM and Prentice are prepared to commit to provide the full amount of funding necessary to pay the purchase price for the acquisition, as well as the fees and expenses associated therewith. Robert M. Goodfriend October 6, 2005 PAGE 2 We are prepared to devote our full effort and resources to pursue this transaction on an expedited basis. We very much look forward to hearing from you. Again, Isaac Dabah of GMM can be reached at (212) 688-8288 and Michael Zimmerman of Prentice Capital can be reached at (212) 756-8040. Very truly yours, GMM CAPITAL LLC PRENTICE CAPITAL MANAGEMENT, LP By: /s/ Michael Zimmerman -------------------------------- Name: Michael Zimmerman cc: Steven H. Tishman Managing Director Rothschild, Inc. 1251 Ave. of the Americas, 51st Floor New York, NY 10020 Martin Nussbaum Partner Dechert LLP 30 Rockefeller Plaza, 23rd Floor New York, NY 10112-2200 -----END PRIVACY-ENHANCED MESSAGE-----