0001193125-21-293325.txt : 20211006 0001193125-21-293325.hdr.sgml : 20211006 20211006171539 ACCESSION NUMBER: 0001193125-21-293325 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20211006 DATE AS OF CHANGE: 20211006 GROUP MEMBERS: EDWARD S. LAMPERT GROUP MEMBERS: ESL INVESTMENTS, INC. GROUP MEMBERS: LAMPERT FOUNDATION GROUP MEMBERS: RBS PARTNERS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AUTONATION, INC. CENTRAL INDEX KEY: 0000350698 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500] IRS NUMBER: 731105145 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-40342 FILM NUMBER: 211310407 BUSINESS ADDRESS: STREET 1: 200 SW 1ST AVE STREET 2: SUITE 1600 CITY: FORT LAUDERDALE STATE: FL ZIP: 33301 BUSINESS PHONE: 9547696000 MAIL ADDRESS: STREET 1: 200 SW 1ST AVE STREET 2: SUITE 1600 CITY: FORT LAUDERDALE STATE: FL ZIP: 33301 FORMER COMPANY: FORMER CONFORMED NAME: AUTONATION, INC. /FL DATE OF NAME CHANGE: 20090827 FORMER COMPANY: FORMER CONFORMED NAME: AutoNation, Inc. /FL DATE OF NAME CHANGE: 20090827 FORMER COMPANY: FORMER CONFORMED NAME: AUTONATION INC /FL DATE OF NAME CHANGE: 19990407 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ESL PARTNERS, L.P. CENTRAL INDEX KEY: 0000923727 IRS NUMBER: 222875193 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1170 KANE CONCOURSE STREET 2: SUITE 200 CITY: BAY HARBOR STATE: FL ZIP: 33154 BUSINESS PHONE: 305-702-2100 MAIL ADDRESS: STREET 1: 1170 KANE CONCOURSE STREET 2: SUITE 200 CITY: BAY HARBOR STATE: FL ZIP: 33154 FORMER COMPANY: FORMER CONFORMED NAME: ESL PARTNERS LP DATE OF NAME CHANGE: 19940524 SC 13D/A 1 d238092dsc13da.htm SC 13D/A SC 13D/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 55)*

 

 

AutoNation, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

05329W102

(CUSIP Number)

Janice V. Sharry, Esq.

Haynes and Boone, LLP

2323 Victory Avenue, Suite 700

Dallas, Texas 75219

(214) 651-5000

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

October 4, 2021

(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.  ☐

 

 

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, as amended (“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. 05329W102

 

  1.    

  Names of Reporting Persons.

 

  ESL Partners, L.P.

  2.  

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

  (a)  ☒        (b)  ☐

 

  3.  

  SEC Use Only

 

  4.  

  Source of Funds (See Instructions)

 

  OO

  5.  

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.  

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

 

     7.     

  Sole Voting Power

 

  4,408

     8.   

  Shared Voting Power

 

  0

     9.   

  Sole Dispositive Power

 

  4,408

   10.   

  Shared Dispositive Power

 

  0

11.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  4,408

12.  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.  

  Percent of Class Represented by Amount in Row (11)

 

  Less than 0.1% (1)

14.  

  Type of Reporting Person (See Instructions)

 

  PN

 

(1)

Based upon 71,595,447 Shares outstanding as of July 19, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2021, that was filed by the Issuer with the SEC on July 21, 2021.


CUSIP No. 05329W102

 

  1.    

  Names of Reporting Persons.

 

  RBS Partners, L.P.

  2.  

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

  (a)  ☒        (b)  ☐

 

  3.  

  SEC Use Only

 

  4.  

  Source of Funds (See Instructions)

 

  OO

  5.  

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.  

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

 

     7.     

  Sole Voting Power

 

  4,408

     8.   

  Shared Voting Power

 

  0

     9.   

  Sole Dispositive Power

 

  4,408

   10.   

  Shared Dispositive Power

 

  0

11.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  4,408

12.  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.  

  Percent of Class Represented by Amount in Row (11)

 

  Less than 0.1% (1)

14.  

  Type of Reporting Person (See Instructions)

 

  PN

 

(1)

Based upon 71,595,447 Shares outstanding as of July 19, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2021, that was filed by the Issuer with the SEC on July 21, 2021.


CUSIP No. 05329W102

 

  1.    

  Names of Reporting Persons.

 

  ESL Investments, Inc.

  2.  

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

  (a)  ☒        (b)  ☐

 

  3.  

  SEC Use Only

 

  4.  

  Source of Funds (See Instructions)

 

  OO

  5.  

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.  

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

 

     7.     

  Sole Voting Power

 

  4,408

     8.   

  Shared Voting Power

 

  0

     9.   

  Sole Dispositive Power

 

  4,408

   10.   

  Shared Dispositive Power

 

  0

11.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  4,408

12.  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.  

  Percent of Class Represented by Amount in Row (11)

 

  Less than 0.1% (1)

14.  

  Type of Reporting Person (See Instructions)

 

  CO

 

(1)

Based upon 71,595,447 Shares outstanding as of July 19, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2021, that was filed by the Issuer with the SEC on July 21, 2021.


CUSIP No. 05329W102

 

  1.    

  Names of Reporting Persons.

 

  The Lampert Foundation

  2.  

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

  (a)  ☒        (b)  ☐

 

  3.  

  SEC Use Only

 

  4.  

  Source of Funds (See Instructions)

 

  OO

  5.  

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.  

  Citizenship or Place of Organization

 

  Connecticut

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

 

     7.     

  Sole Voting Power

 

  162,002

     8.   

  Shared Voting Power

 

  0

     9.   

  Sole Dispositive Power

 

  162,002

   10.   

  Shared Dispositive Power

 

  0

11.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  162,002

12.  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.  

  Percent of Class Represented by Amount in Row (11)

 

  0.2% (1)

14.  

  Type of Reporting Person (See Instructions)

 

  OO

 

(1)

Based upon 71,595,447 Shares outstanding as of July 19, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2021, that was filed by the Issuer with the SEC on July 21, 2021.


CUSIP No. 05329W102

 

  1.    

  Names of Reporting Persons.

 

  Edward S. Lampert

  2.  

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

  (a)  ☒        (b)  ☐

 

  3.  

  SEC Use Only

 

  4.  

  Source of Funds (See Instructions)

 

  OO

  5.  

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.  

  Citizenship or Place of Organization

 

  United States

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

 

     7.     

  Sole Voting Power

 

  9,792,952 (2)

     8.   

  Shared Voting Power

 

  0

     9.   

  Sole Dispositive Power

 

  9,792,952 (2)

   10.   

  Shared Dispositive Power

 

  0

11.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  9,792,952 (2)

12.  

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.  

  Percent of Class Represented by Amount in Row (11)

 

  13.7% (1)

14.  

  Type of Reporting Person (See Instructions)

 

  IN

 

(1)

Based upon 71,595,447 Shares outstanding as of July 19, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2021, that was filed by the Issuer with the SEC on July 21, 2021.

(2)

Includes 1,649 Shares held by The Nicholas Trust, 1,649 Shares held by The Nina Trust, 162,002 Shares held by the Foundation and 4,408 Shares held in the Liability Accounts controlled by ESL.


This Amendment No. 55 to Schedule 13D (this “Amendment”) relates to shares of common stock, par value $0.01 per share (the “Shares”), of AutoNation, Inc., a Delaware corporation (the “Issuer”). This Amendment amends the Schedule 13D, as previously amended, filed with the Securities and Exchange Commission (the “SEC”) by ESL Partners, L.P., a Delaware limited partnership (“ESL”), RBS Partners, L.P., a Delaware limited partnership (“RBS”), ESL Investments, Inc., a Delaware corporation (“Investments”), The Lampert Foundation, a Connecticut trust (the “Foundation”), and Edward S. Lampert, a United States citizen, by furnishing the information set forth below. Except as otherwise specified in this Amendment, all previous Items are unchanged. Capitalized terms used herein which are not defined herein have the meanings given to them in the Schedule 13D, as previously amended, filed with the SEC.

The Filing Persons are filing this Amendment to report (i) a distribution by ESL of Shares on a pro rata basis to its partners, including Mr. Lampert, and (ii) certain open market sales of Shares.

Item 5. Interest in Securities of the Issuer.

Item 5 is hereby amended and restated in its entirety as follows:

“(a)-(b) Each Filing Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement.

Each Filing Person may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for the purposes of Section 13(d) or 13(g) of the Act. Each Filing Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any syndicate or group with respect to the Issuer or any securities of the Issuer.

As of October 6, 2021, the Filing Persons may be deemed to beneficially own the Shares set forth in the table below.

 

FILING

PERSON

   NUMBER OF
SHARES
BENEFICIALLY
OWNED
    PERCENTAGE
OF
OUTSTANDING
SHARES
    SOLE VOTING
POWER
    SHARED
VOTING POWER
     SOLE
DISPOSITIVE
POWER
    SHARED
DISPOSITIVE
POWER
 

ESL Partners, L.P.

     4,408 (1)      Less than 0.1 % (2)      4,408 (1)      0        4,408 (1)      0  

RBS Partners, L.P.

     4,408 (1)      Less than 0.1 % (2)      4,408 (1)      0        4,408 (1)      0  

ESL Investments, Inc.

     4,408 (1)      Less than 0.1 % (2)      4,408 (1)      0        4,408 (1)      0  

The Lampert Foundation

     162,002       0.2 % (2)      162,002       0        162,002       0  

Edward S. Lampert

     9,792,952  (1)(3)(4)      13.7 % (2)      9,792,952  (1)(3)(4)      0        9,792,952  (1)(3)(4)      0  

 

(1)

This number includes 4,408 Shares held in the Liability Accounts controlled by ESL. RBS is the general partner of, and may be deemed to indirectly beneficially own securities owned by, ESL. Investments is the general partner of, and may be deemed to indirectly beneficially own securities owned by, RBS. Mr. Lampert is the Chairman, Chief Executive Officer and Director of, and may be deemed to indirectly beneficially own securities owned by, Investments.

(2)

This is based upon 71,595,447 Shares outstanding as of July 19, 2021, as disclosed in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2021, that was filed by the Issuer with the SEC on July 21, 2021.


(3)

This number includes 9,623,244 Shares held by Mr. Lampert, 1,649 Shares held by The Nicholas Floyd Lampert 2015 Trust (“The Nicholas Trust”) and 1,649 Shares held by The Nina Rose Lampert 2015 Trust (“The Nina Trust” and, together with The Nicholas Trust, the “Trusts”).

(4)

This number includes 162,002 Shares held by the Foundation. Mr. Lampert and his wife Kinga Keh Lampert are co-trustees of, and may be deemed to indirectly beneficially own securities owned by, the Foundation.

(c) Other than as set forth on Annex B hereto, there have been no transactions in the class of securities reported on that were effected by the Filing Persons during the past sixty days or since the most recent filing of Schedule 13D, whichever is less.

(d) Not applicable.

(e) Not applicable.”


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: October 6, 2021

    ESL PARTNERS, L.P.
    By: RBS Partners, L.P., as its general partner
    By: ESL Investments, Inc., as its general partner
    By:  

/s/ Edward S. Lampert

    Name:   Edward S. Lampert
    Title:   Chief Executive Officer
    RBS PARTNERS, L.P.
    By: ESL Investments, Inc., as its general partner
    By:  

/s/ Edward S. Lampert

    Name:   Edward S. Lampert
    Title:   Chief Executive Officer
    ESL INVESTMENTS, INC.
    By:  

/s/ Edward S. Lampert

    Name:   Edward S. Lampert
    Title:   Chief Executive Officer
    THE LAMPERT FOUNDATION
    By:  

/s/ Edward S. Lampert

    Name:   Edward S. Lampert
    Title:   Co-Trustee
    EDWARD S. LAMPERT
    By:  

/s/ Edward S. Lampert


ANNEX B

RECENT TRANSACTIONS BY THE FILING PERSONS IN THE SECURITIES OF AUTONATION, INC.

 

Entity

   Date of
Transaction
     Description
of Transaction
   Shares
Acquired
    Shares
Disposed
     Price
Per Share
 

ESL Partners, L.P.

     09/29/2021      Open Market Sales        86,734      $ 129.174 (1) 

Edward S. Lampert

     09/29/2021      Open Market Sales        7,840      $ 129.174 (1) 

The Lampert Foundation

     09/29/2021      Open Market Sales        1,543      $ 129.174 (1) 

ESL Partners, L.P.

     10/04/2021      Pro Rata Distribution of
Shares to its Partners
       877,219      $ 0  

Edward S. Lampert

     10/04/2021      Acquisition of Shares
from ESL Partners, L.P.
as a result of a Pro Rata
Distribution
     229,228 (2)       $ 0  

RBS Partners, L.P.

     10/04/2021      Acquisition of Shares
from ESL Partners, L.P.
as a result of a Pro Rata
Distribution
     356,591        $ 0  

RBS Partners, L.P.

     10/04/2021      Pro Rata Distribution of
Shares to its Limited
Partners
       356,591      $ 0  

Edward S. Lampert

     10/04/2021      Acquisition of Shares
from RBS Partners, L.P.
as a result of a Pro Rata
Distribution
     348,288        $ 0  

 

(1)

This price represents the approximate weighted average price per Share, of sales that were executed at prices ranging from $128.50 to $129.435 per Share. The Filing Persons undertake to provide, upon request by the SEC staff, full information regarding the number of Shares sold at each price.

(2)

Includes 1,649 Shares received by The Nicholas Trust and 1,649 Shares received by The Nina Trust from ESL in connection with its distribution of Shares on a pro rata basis to its partners.