0000950142-14-000427.txt : 20140214 0000950142-14-000427.hdr.sgml : 20140214 20140214134259 ACCESSION NUMBER: 0000950142-14-000427 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140214 DATE AS OF CHANGE: 20140214 GROUP MEMBERS: MARCATO CAPITAL MANAGEMENT LP GROUP MEMBERS: RICHARD T. MCGUIRE III SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GENCORP INC CENTRAL INDEX KEY: 0000040888 STANDARD INDUSTRIAL CLASSIFICATION: FABRICATED RUBBER PRODUCTS, NEC [3060] IRS NUMBER: 340244000 STATE OF INCORPORATION: OH FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-16268 FILM NUMBER: 14614226 BUSINESS ADDRESS: STREET 1: 2001 AEROJET ROAD CITY: RANCHO CORDOVA STATE: CA ZIP: 95742 BUSINESS PHONE: 916-355-4000 MAIL ADDRESS: STREET 1: 2001 AEROJET ROAD CITY: RANCHO CORDOVA STATE: CA ZIP: 95742 FORMER COMPANY: FORMER CONFORMED NAME: GENERAL TIRE & RUBBER CO DATE OF NAME CHANGE: 19840330 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MARCATO CAPITAL MANAGEMENT LP CENTRAL INDEX KEY: 0001541996 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: ONE MONTGOMERY STREET STREET 2: SUITE 3250 CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: 415-796-6352 MAIL ADDRESS: STREET 1: ONE MONTGOMERY STREET STREET 2: SUITE 3250 CITY: SAN FRANCISCO STATE: CA ZIP: 94104 FORMER COMPANY: FORMER CONFORMED NAME: MARCATO CAPITAL MANAGEMENT LLC DATE OF NAME CHANGE: 20120209 SC 13G/A 1 eh1400293_13ga2-gencorp.htm AMENDMENT NO. 2 eh1400293_13ga2-gencorp.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 2)*


GenCorp Inc.
(Name of Issuer)


Common Stock, $0.10 par value per share
(Title of Class of Securities)


368682100
(CUSIP Number)


December 31, 2013
(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
[X]  Rule 13d-1(b)

[_]  Rule 13d-1(c)

[_]  Rule 13d-1(d)

__________
*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 the disclosures provided in a prior cover page.
 
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).
 

 
 
 
 
CUSIP No. 368682100
 SCHEDULE 13G
Page 2 of 9

 
1
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Marcato Capital Management LP
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  o
(b)  o
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
 
5,764,669
7
SOLE DISPOSITIVE POWER
 
-0-
8
SHARED DISPOSITIVE POWER
 
5,764,669
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
5,764,669
  
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
 o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
9.5%
  
12
TYPE OF REPORTING PERSON
 
IA
  

 

 
 
 
 
 
CUSIP No. 368682100
 SCHEDULE 13G
Page 3 of 9

 
1
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Richard T. McGuire III
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
 
(a)  o
(b)  o
3
SEC USE ONLY
 
 
  
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States of America
  
NUMBER OF
SHARES
BENEFICIALLY OWNED
BY EACH REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
-0-
6
SHARED VOTING POWER
 
5,764,669
7
SOLE DISPOSITIVE POWER
 
-0-
8
SHARED DISPOSITIVE POWER
 
5,764,669
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
5,764,669
  
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
 o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
9.5%
  
12
TYPE OF REPORTING PERSON
 
IN
  



 
 
 

 
CUSIP No. 368682100
 SCHEDULE 13G
Page 4 of 9

 
Item 1.
(a).
Name of Issuer:
  
       
   
GenCorp Inc.
  

 
(b).
Address of issuer's principal executive offices:
  
       
   
Highway 50 and Aerojet Road
Rancho Cordova, CA 95742-7012
  

Item 2.
(a).
Name of person filing:
  
       
   
Marcato Capital Management LP
Richard T. McGuire III
  

 
(b).
Address or principal business office or, if none, residence:
  
       
   
Marcato Capital Management LP
One Montgomery Street, Suite 3250
San Francisco, CA 94104
 
Richard T. McGuire III
c/o Marcato Capital Management LP
One Montgomery Street, Suite 3250
San Francisco, CA 94104
  

 
(c).
Citizenship:
  
       
   
Marcato Capital Management LP: Delaware
Richard T. McGuire III: United States of America
  

 
(d).
Title of class of securities:
  
       
   
Common Stock, $0.10 par value per share
  

 
(e).
CUSIP No.:
  
       
   
368682100
  

Item 3.
If this Statement is filed pursuant to §§.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a

 
(a)
[_]
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 
(b)
[_]
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 
(c)
[_]
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
 
 
 
 

 
CUSIP No. 368682100
 SCHEDULE 13G
Page 5 of 9

 
 
 
(d)
[_]
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

 
(e)
[X]
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

 
(f)
[_]
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

 
(g)
[_]
A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

 
(h)
[_]
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813);

 
(i)
[_]
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 
(j)
[_]
A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);

 
(k)
[_]
Group, in accordance with §240.13d-1(b)(1)(ii)(K).  If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:
 
Item 4.
Ownership.

 
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 
(a)
Amount beneficially owned:
     
   
Marcato Capital Management LP: 5,764,669
Richard T. McGuire III: 5,764,669

 
(b)
Percent of class:
     
   
Marcato Capital Management LP: 9.5%
Richard T. McGuire III: 9.5%

 
(c)
Number of shares as to which the person has:
     

   
Marcato Capital Management LP
    
           
   
(i)
Sole power to vote or to direct the vote
-0-
,
         
   
(ii)
Shared power to vote or to direct the vote
 5,764,669
,
         
   
(iii)
Sole power to dispose or to direct the disposition of
-0-
,
         
   
(iv)
Shared power to dispose or to direct the disposition of
5,764,669
.
         
 
 
 
 

 
CUSIP No. 368682100
 SCHEDULE 13G
Page 6 of 9

 
   
Richard T. McGuire III
    
           
   
(i)
Sole power to vote or to direct the vote
-0-
,
         
   
(ii)
Shared power to vote or to direct the vote
5,764,669
,
         
   
(iii)
Sole power to dispose or to direct the disposition of
-0-
,
         
   
(iv)
Shared power to dispose or to direct the disposition of
5,764,669
.

 
Instruction:  For computations regarding securities which represent a right to acquire an underlying security see §240.13d-3(d)(1).
   
Item 5.
Ownership of Five Percent or Less of a Class.

 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  [_].
 
 
Instruction:  Dissolution of a group requires a response to this item.
 
Item 6.
Ownership of More Than Five Percent on Behalf of Another Person.

 
The Common Stock reported in this Schedule 13G is held in the accounts of Marcato, L.P., Marcato II, L.P. and Marcato International Master Fund Ltd.  As of December 31, 2013, Marcato International Master Fund Ltd. held 4,173,047 shares, or 6.9%, of the Issuer's outstanding Common Stock.  None of these private funds other than Marcato International Master Fund Ltd. owns more than 5.0% of the Issuer's outstanding Common Stock.  Marcato Capital Management LP, in its capacity as the investment manager to each of these private funds, has the exclusive power to direct the investment activities of such private funds.  Richard T. McGuire III is the managing partner of Marcato Capital Management LP.

Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 
Not Applicable.
   
 
 
 
 
 
 

 
CUSIP No. 368682100
 SCHEDULE 13G
Page 7 of 9

 
Item 8.
Identification and Classification of Members of the Group.

 
Not Applicable.

Item 9.
Notice of Dissolution of Group.

 
Not Applicable.

Item 10.
Certification.

 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 
 

 
 
 
 

 
CUSIP No. 368682100
 SCHEDULE 13G
Page 8 of 9

 

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.
 

Dated:  February 14, 2014
Marcato Capital Management LP
  By: Marcato Holdings LLC
 
  
 
By:
 /s/ Richard T. McGuire III
 
 
 
Richard T. McGuire III, Authorized Person
 
 
   
 
 Richard T. McGuire III
 
 
 
By:
 /s/ Richard T. McGuire III
 
 
 
  

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative.  If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference.  The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
 
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 for whom copies are to be sent.
 
Attention:  Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).
 


 
 
 

 
CUSIP No. 368682100
 SCHEDULE 13G
Page 9 of 9

 
Exhibit A


AGREEMENT


Each of the undersigned hereby consents and agrees to this joint filing of the Schedule 13G.

 

Dated:  February 14, 2014
Marcato Capital Management LP
  By: Marcato Holdings LLC
 
  
 
By:
 /s/ Richard T. McGuire III
 
 
 
Richard T. McGuire III, Authorized Person
 
 
   
 
 Richard T. McGuire III
 
 
 
By:
 /s/ Richard T. McGuire III