SC 13D/A 1 d778563dsc13da.htm SC 13D/A SC 13D/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 3)*

 

 

LHC GROUP, INC.

(Name of Issuer)

Common Stock, Par Value $0.01 Per Share

(Title of Class of Securities)

50187A107

(CUSIP Number)

Christopher Shackelton/Adam Gray

Metro Center

1 Station Place, 7th Floor South

Stamford, CT 06902

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

August 18, 2014

(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 sections 240.13d-1(e), 240.13d-1(f) or 140.13d-1(g), check the following box.  ¨

 

 

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).

 

 

 

 

Page 1 of 11


CUSIP No. 50187A107 (Common Stock)  

 

  1.   

Names of Reporting Persons

 

Coliseum Capital Management, LLC

  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

 

2,343,507

     7.   

Sole Dispositive Power

 

0

     8.   

Shared Dispositive Power

 

2,343,507

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,343,507

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

13.2%

12.  

Type of Reporting Person (See Instructions)

 

OO, IA

 

 

Page 2 of 11


CUSIP No. 50187A107 (Common Stock)  

 

  1.   

Names of Reporting Persons

 

Coliseum Capital, LLC

  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

 

1,650,944

     7.   

Sole Dispositive Power

 

0

     8.   

Shared Dispositive Power

 

1,650,944

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,650,944

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

9.3%

12.  

Type of Reporting Person (See Instructions)

 

OO

 

 

Page 3 of 11


CUSIP No. 50187A107 (Common Stock)  

 

  1.   

Names of Reporting Persons

 

Coliseum Capital Partners, 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

 

1,269,949

     7.   

Sole Dispositive Power

 

0

     8.   

Shared Dispositive Power

 

1,269,949

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,269,949

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

7.1%

12.  

Type of Reporting Person (See Instructions)

 

PN

 

 

Page 4 of 11


CUSIP No. 50187A107 (Common Stock)  

 

  1.   

Names of Reporting Persons

 

Coliseum Capital Partners II, 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

 

380,995

     7.   

Sole Dispositive Power

 

0

     8.   

Shared Dispositive Power

 

380,995

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

380,995

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

2.1%

12.  

Type of Reporting Person (See Instructions)

 

PN

 

 

Page 5 of 11


CUSIP No. 50187A107 (Common Stock)  

 

  1.   

Names of Reporting Persons

 

Blackwell Partners, LLC

  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

 

Georgia

Number of

Shares

Beneficially

Owned by

Each

Reporting Person

With

 

     5.    

Sole Voting Power

 

0

     6.   

Shared Voting Power

 

692,563

     7.   

Sole Dispositive Power

 

0

     8.   

Shared Dispositive Power

 

692,563

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

692,563

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

3.9%

12.  

Type of Reporting Person (See Instructions)

 

OO

 

 

Page 6 of 11


CUSIP No. 50187A107 (Common Stock)  

 

  1.   

Names of Reporting Persons

 

Adam Gray

  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

Number of

Shares

Beneficially

Owned by

Each

Reporting Person

With

 

     5.    

Sole Voting Power

 

0

     6.   

Shared Voting Power

 

2,343,507

     7.   

Sole Dispositive Power

 

0

     8.   

Shared Dispositive Power

 

2,343,507

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,343,507

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

13.2%

12.  

Type of Reporting Person (See Instructions)

 

IN

 

 

Page 7 of 11


CUSIP No. 50187A107 (Common Stock)  

 

  1.   

Names of Reporting Persons

 

Christopher Shackelton

  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

Number of

Shares

Beneficially

Owned by

Each

Reporting Person

With

 

     5.    

Sole Voting Power

 

0

     6.   

Shared Voting Power

 

2,343,507

     7.   

Sole Dispositive Power

 

0

     8.   

Shared Dispositive Power

 

2,343,507

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,343,507

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ¨

 

11.  

Percent of Class Represented by Amount in Row (9)

 

13.2%

12.  

Type of Reporting Person (See Instructions)

 

IN

 

 

Page 8 of 11


CUSIP No. 50187A107 (Common Stock)

 

Explanatory Note: This Amendment No. 2 (this “Amendment”), to the Schedule 13D (the “Initial 13D”) filed by the Filers (as defined below in Item 2) with the U.S. Securities and Exchange Commission (the “Commission”) on November 16, 2012, as amended and supplemented by Amendment No. 1 to the Initial 13D filed on March 14, 2013 and Amendment No. 2 to the Initial 13D filed on September 17, 2013, amends and supplements the items set forth herein. As used in this statement, the term “Filers” collectively refers to:

 

    Coliseum Capital Management, LLC, a Delaware limited liability company (“CCM”);

 

    Coliseum Capital, LLC, a Delaware limited liability company (“CC”);

 

    Coliseum Capital Partners, L.P., a Delaware limited partnership (“CCP”);

 

    Coliseum Capital Partners II, L.P., a Delaware limited partnership (“CCP2”);

 

    Blackwell Partners, LLC, a Georgia limited liability company (“Blackwell”);

 

    Adam Gray (“Gray”); and

 

    Christopher Shackelton (“Shackelton”).

Item 1. Security and Issuer.

Item 1 is amended and restated in its entirety as follows.

The title of the class of equity securities to which this statement relates to is the Common Stock, $0.01 par value per share (the “Common Stock”) of LHC Group, Inc., a Delaware corporation (the “Issuer”). The principal executive offices of the Issuer are located at 420 West Pinhook Road, Suite A, Lafayette, Louisiana 70503.

Item 3. Source and Amount of Funds or Other Consideration.

Item 3 is supplemented as follows:

The source and amount of funds used in purchasing the Common Stock described in Item 5 were as follows:

 

Purchaser

   Source of Funds      Amount  

CCP

     Working Capital       $ 3,287,152   

CCP2

     Working Capital       $ 881,540   

Blackwell

     Working Capital       $ 1,446,160   

Item 5. Interest in Securities of the Issuer.

Item 5 is amended and supplemented as follows:

The information relating to the beneficial ownership of Common Stock by each of the Filers set forth in Rows 7 through 13 of the cover pages hereto is incorporated herein by reference. The percentages set forth in Row 13 for all cover pages filed herewith are calculated based upon 17,789,101 shares of Common Stock outstanding as of July 30, 2014, as reported in the Issuer’s Quarterly Report on Form10-Q for the quarterly period ended June 30, 2014, filed on August 7, 2014.

The Filers effected the following transactions in the Common Stock in open market transactions on the dates indicated, and such transactions are the only transactions in the Common Stock by the Filers in the sixty days preceding the filing of this Schedule 13D:

 

Page 9 of 11


CUSIP No. 50187A107 (Common Stock)

 

 

Name

   Purchase
or Sale
     Date      Number
of

Shares
     Weighted
Average
Price

Per Share
 

CCP

     Sale         8/18/2014         92,502       $ 25.60   

CCP2

     Sale         8/18/2014         24,813       $ 25.60   

Blackwell

     Sale         8/18/2014         40,696       $ 25.60   

CCP

     Sale         8/20/2014         36,301       $ 25.32   

CCP2

     Sale         8/20/2014         9,729       $ 25.32   

Blackwell

     Sale         8/20/2014         15,970       $
25.32
  

The information in Item 6 is incorporated herein by reference.

Item 6. Contracts, Arrangement, Understandings or Relationships with Respect to Securities of the Issuer.

CCM is an investment adviser whose clients, including CCP, CCP2 and Blackwell, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock. CC is the general partner of CCP. Gray and Shackelton are the managers of CC and CCM. CCM has the right to receive performance-related fees from Blackwell and CC has the right to receive performance-related fees from CCP and CCP2.

 

Page 10 of 11


CUSIP No. 50187A107 (Common Stock)

 

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: August 20, 2014

 

COLISEUM CAPITAL MANAGEMENT, LLC     COLISEUM CAPITAL, LLC
By:  

/s/ Christopher Shackelton

    By  

/s/ Adam Gray

        Christopher Shackelton, Manager             Adam Gray, Manager
COLISEUM CAPITAL PARTNERS, L.P.     COLISEUM CAPITAL PARTNERS II, L.P.
By:   Coliseum Capital, LLC, General Partner     By:   Coliseum Capital, LLC, General Partner
By:  

/s/ Adam Gray

    By:  

/s/ Adam Gray

        Adam Gray, Manager             Adam Gray, Manager
BLACKWELL PARTNERS, LLC     ADAM GRAY
By:  

Coliseum Capital Management, LLC,

Attorney-in-fact

   
By:  

/s/ Adam Gray

   

/s/ Adam Gray

        Adam Gray, Manager     Adam Gray
CHRISTOPHER SHACKELTON      

/s/ Christopher Shackelton

     
Christopher Shackelton      

 

Page 11 of 11