0001104659-13-055269.txt : 20130719 0001104659-13-055269.hdr.sgml : 20130719 20130719095138 ACCESSION NUMBER: 0001104659-13-055269 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130719 DATE AS OF CHANGE: 20130719 GROUP MEMBERS: CLAUS MOLLER GROUP MEMBERS: P2 CAPITAL MASTER FUND I, L.P. GROUP MEMBERS: P2 CAPITAL MASTER FUND IX, L.P. GROUP MEMBERS: P2 CAPITAL MASTER FUND VI, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BLOUNT INTERNATIONAL INC CENTRAL INDEX KEY: 0001001606 STANDARD INDUSTRIAL CLASSIFICATION: CUTLERY, HANDTOOLS & GENERAL HARDWARE [3420] IRS NUMBER: 630780521 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-44493 FILM NUMBER: 13976041 BUSINESS ADDRESS: STREET 1: 4909 S E INTERNATIONAL WAY CITY: PORT LAND STATE: OR ZIP: 97222-4679 BUSINESS PHONE: 503 653 8881 MAIL ADDRESS: STREET 1: P.O. BOX 22127 CITY: PORTLAND STATE: OR ZIP: 97269-2127 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: P2 Capital Partners, LLC CENTRAL INDEX KEY: 0001406313 IRS NUMBER: 202436330 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 590 MADISON AVENUE STREET 2: 25TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (212) 508-5500 MAIL ADDRESS: STREET 1: 590 MADISON AVENUE STREET 2: 25TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 a13-16867_1sc13da.htm SC 13D/A

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 

 

Under the Securities Exchange Act of 1934
(Amendment No.1)

 

Blount International, Inc.

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

 

095180105

(CUSIP Number)

 

Jason Carri
P2 Capital Partners, LLC
590 Madison Avenue
25
th Floor
New York, NY 10022
(212) 508-5500

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications

 

July 17, 2013

(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 Rule 13d-7(b) 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).

 



 

CUSIP No. 095180105              13D

 

 

1

Name of Reporting Person
P2 Capital Partners, LLC
I.R.S. Identification No. of Above Person (Entities Only).
20-2436330

 

 

2

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

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 (2e)     o

 

 

6

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
5,020,029

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
5,020,029

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
5,020,029

 

 

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)
10.2%

 

 

14

Type of Reporting Person (See Instructions)
CO

 

2



 

CUSIP No. 095180105              13D

 

 

1

Name of Reporting Person.
P2 Capital Master Fund I, L.P.
I.R.S. Identification No. of Above Person (Entities Only).
98-0515452

 

 

2

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

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
Cayman Islands, British West Indies

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
1,297,855

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
1,297,855

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
1,297,855

 

 

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)
2.6%

 

 

14

Type of Reporting Person (See Instructions)
PN

 

3



 

CUSIP No. 095180105              13D

 

 

1

Name of Reporting Person.
P2 Capital Master Fund VI, L.P.
I.R.S. Identification No. of Above Person (Entities Only).
27-2915390

 

 

2

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

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

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
2,168,576

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
2,168,576

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
2,168,576

 

 

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)
4.4%

 

 

14

Type of Reporting Person (See Instructions)
PN

 

4



 

CUSIP No. 095180105              13D

 

 

1

Name of Reporting Person.
P2 Capital Master Fund IX, L.P.
I.R.S. Identification No. of Above Person (Entities Only).
80-0938575

 

 

2

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

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

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
1,553,598

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
1,553,598

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
1,553,598

 

 

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)
3.2%

 

 

14

Type of Reporting Person (See Instructions)
PN

 

5



 

CUSIP No. 095180105              13D

 

 

1

Name of Reporting Person.
Claus Moller
I.R.S. Identification No. of Above Person (Entities Only).

 

 

2

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 x

 

 

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
Denmark

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7

Sole Voting Power
0

 

8

Shared Voting Power
5,020,029

 

9

Sole Dispositive Power
0

 

10

Shared Dispositive Power
5,020,029

 

 

11

Aggregate Amount Beneficially Owned by Each Reporting Person
5,020,029

 

 

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)
10.2%

 

 

14

Type of Reporting Person (See Instructions)
IN

 

6


 


 

Item 1.  Security and Issuer.

 

This Amendment No. 1 (this “Amendment”) amends and supplements the Schedule 13D (the “Schedule 13D”) filed February 22, 2013, by and on behalf of P2 Capital Partners, LLC, a Delaware limited liability company (the “Manager”), P2 Capital Master Fund I, L.P., a Cayman Islands exempted limited partnership (“Master Fund I”), P2 Capital Master Fund VI, L.P., a Delaware limited partnership (“Master Fund VI” and, together with Master Fund I, the “Original Funds”), and Claus Moller, a citizen of Denmark (all preceding persons are the “Original Reporting Persons”). Information reported in the Schedule 13D remains in effect except to the extent that it is amended, restated or superseded by information contained in this Amendment.  Capitalized terms used herein but not otherwise defined in this Amendment shall have the meaning ascribed to them in the Schedule 13D.

 

Item 2.  Identity and Background.

 

Item 2 is hereby amended and replaced by the following:

 

This statement is being filed by and on behalf of the Original Reporting Persons and P2 Capital Master Fund IX, L.P., a Delaware limited partnership (“Master Fund IX” and, together with the Original Funds, the “Funds”, and together with the Original Reporting Persons, the “Reporting Persons”).

 

The address of the principal office of each of the above Reporting Persons is 590 Madison Avenue, 25th Floor, New York, NY 10022.

 

The Funds are principally involved in the business of investing in securities.  The Manager is principally involved in the business of providing investment advisory and investment management services to the Funds and, among other things, exercises all voting and other powers and privileges attributable to any securities held for the account of the Funds.  Mr. Moller is the managing member of the Manager.

 

None of the Reporting Persons has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).  None of the Reporting Persons has, during the last five years, been a 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.

 

Item 3 is hereby amended and replaced by the following:

 

The source of funds for the purchases of Shares reported on herein was the general working capital of the respective purchasers, which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business.

 

7



 

As of July 18, 2013, Master Fund I had invested $19,539,308 (excluding brokerage commissions) in the Shares of the Issuer, Master Fund VI had invested $32,476,604 (excluding brokerage commissions) in the Shares of the Issuer and Master Fund IX had invested $19,431,700 (excluding brokerage commissions) in the Shares of the Issuer.

 

Item 5.  Interest in Securities of Issuer.

 

Item 5 is hereby amended and replaced by the following:

 

(a), (b):  The responses of the Reporting Persons to Rows (7) through (13) of the cover pages of this Statement on Schedule 13D are incorporated herein by reference.  As of the close of business on July 18, 2013, Master Fund I beneficially owned an aggregate of 1,297,855 Shares, representing approximately 2.6% of the outstanding Shares, Master Fund VI beneficially owned an aggregate of 2,168,576 Shares, representing approximately 4.4% of the outstanding Shares and Master Fund IX beneficially owned an aggregate of 1,553,598 Shares, representing approximately 3.2% of the outstanding Shares.  As of the close of business on July 18, 2013, each of the Manager and Mr. Moller may be deemed to beneficially own 5,020,029 Shares of Common Stock, in the aggregate, which represented approximately 10.2% of the outstanding Shares.  All percentages set forth in this paragraph are based on 49,219,560 Shares of Common Stock outstanding (as of May 1, 2013), which number of Shares of Common Stock is based upon the Issuer’s Report on Form 10-Q filed on May 7, 2013 for the quarter ended March 31, 2013.

 

Each of the Funds is the direct owner of the Shares reported owned by it.  For purposes of disclosing the number of Shares beneficially owned by each of the Reporting Persons, the Manager, as investment manager of the Funds, and Mr. Moller, as managing member of the Manager, may be deemed to own beneficially (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) all Shares that are owned beneficially and directly by the Funds.  Each of the Manager and Mr. Moller disclaims beneficial ownership of such Shares for all other purposes.  Master Fund I, Master Fund VI and Master Fund IX each disclaim beneficial ownership of the Shares held directly by the other.

 

(c) Except as set forth above or in Schedule I, no Reporting Person has effected any transaction in Shares during the 60 days preceding the date hereof.

 

(d) Not applicable.

 

(e) Not applicable.

 

8



 

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: July 19, 2013

 

P2 CAPITAL MASTER FUND I, L.P.

 

P2 CAPITAL MASTER FUND VI, L.P.

 

 

 

 

 

By:

P2 Capital Partners, LLC,

 

By:

P2 Capital Partners, LLC,

 

as Investment Manager

 

 

as Investment Manager

 

 

 

 

 

By:

s/Claus Moller

 

By:

s/Claus Moller

 

Name: Claus Moller

 

 

Name: Claus Moller

 

Title: Managing Member

 

 

Title: Managing Member

 

 

 

 

 

P2 CAPITAL MASTER FUND IX, L.P.

 

P2 CAPITAL PARTNERS, LLC

 

 

 

 

 

By:

P2 Capital Partners, LLC,

 

 

 

 

as Investment Manager

 

 

 

 

 

 

 

By:

s/Claus Moller

 

By:

s/Claus Moller

 

Name: Claus Moller

 

 

Name: Claus Moller

 

Title: Managing Member

 

 

Title: Managing Member

 

 

 

 

CLAUS MOLLER

 

 

 

 

 

 

 

 

s/Claus Moller

 

 

 

 

9


 


 

Schedule I

 

TRANSACTIONS IN THE PAST SIXTY DAYS BY THE REPORTING PERSONS

 

The following table sets forth all transactions with respect to Shares of the Issuer’s Common Stock effected during the past sixty (60) days by any of the Reporting Persons.  The transactions occurred on the open market and the reported price per Share excludes brokerage commissions.

 

Shares Purchased/(Sold) by Manager on behalf of Master Fund IX

 

Number of Shares Purchased/Sold

 

Price Per Share

 

Date

156,600

 

$

11.9998

 

7/10/13

286,410

 

$

12.3700

 

7/11/13

600,000

 

$

12.5000

 

7/17/13

510,588

 

$

12.7493

 

7/18/13

 

10