SC 13D/A 1 d521792dsc13da.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. 2)*

 

 

Anaren, Inc.

(Name of Issuer)

Common Stock, par value $.01 per share

(Title of Class of Securities)

032744104

(CUSIP Number)

Vintage Capital Management, LLC

4705 S. Apopka Vineland Road, Suite 210

Orlando, FL 32819

(407) 909-8015

With a copy to:

Bradley L. Finkelstein

Wilson Sonsini Goodrich & Rosati

Professional Corporation

650 Page Mill Road

Palo Alto, CA 94304

(650) 493-9300

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

April 15, 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 which is the subject of this Schedule 13D, and is filing this Schedule because of Sections 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 Section 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 (“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).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 

 

 

CUSIP No. 032744104   13D    
  (1)   

NAMES OF REPORTING PERSONS

 

Vintage Partners, L.P.

  (2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a)  x        (b)  ¨

 

  (3)  

SEC USE ONLY

 

  (4)  

SOURCE OF FUNDS (see instructions)

 

WC

  (5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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

 

0 shares

     (8)   

SHARED VOTING POWER

 

606,804 shares

     (9)   

SOLE DISPOSITIVE POWER

 

0 shares

   (10)   

SHARED DISPOSITIVE POWER

 

606,804 shares

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

606,804 shares

(12)  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)  ¨

 

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

4.6%*

(14)  

TYPE OF REPORTING PERSON (see instructions)

 

PN

 

* Percentage calculated based on 13,165,364 shares of common stock, par value $.01 per share, outstanding as of January 16, 2013, as reported in the Form 10-Q for the quarterly period ended December 31, 2012 of Anaren, Inc.

 

Page 2 of 12

CUSIP No. 032744104   13D    
  (1)   

NAMES OF REPORTING PERSONS

 

Vintage Partners GP, LLC

  (2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a)  x        (b)  ¨

 

  (3)  

SEC USE ONLY

 

  (4)  

SOURCE OF FUNDS (see instructions)

 

OO

  (5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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

 

0 shares

     (8)   

SHARED VOTING POWER

 

606,804 shares

     (9)   

SOLE DISPOSITIVE POWER

 

0 shares

   (10)   

SHARED DISPOSITIVE POWER

 

606,804 shares

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

606,804 shares

(12)  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)  ¨

 

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

4.6%*

(14)  

TYPE OF REPORTING PERSON (see instructions)

 

OO

 

* Percentage calculated based on 13,165,364 shares of common stock, par value $.01 per share, outstanding as of January 16, 2013, as reported in the Form 10-Q for the quarterly period ended December 31, 2012 of Anaren, Inc.

 

Page 3 of 12

CUSIP No. 032744104   13D    
  (1)   

NAMES OF REPORTING PERSONS

 

Vintage Avenue, L.P.

  (2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a)  x        (b)  ¨

 

  (3)  

SEC USE ONLY

 

  (4)  

SOURCE OF FUNDS (see instructions)

 

WC

  (5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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

 

0 shares

     (8)   

SHARED VOTING POWER

 

1,077,196 shares

     (9)   

SOLE DISPOSITIVE POWER

 

0 shares

   (10)   

SHARED DISPOSITIVE POWER

 

1,077,196 shares

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,077,196 shares

(12)  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)  ¨

 

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

8.2%*

(14)  

TYPE OF REPORTING PERSON (see instructions)

 

PN

 

* Percentage calculated based on 13,165,364 shares of common stock, par value $.01 per share, outstanding as of January 16, 2013, as reported in the Form 10-Q for the quarterly period ended December 31, 2012 of Anaren, Inc.

 

Page 4 of 12

CUSIP No. 032744104   13D    
  (1)   

NAMES OF REPORTING PERSONS

 

Vintage Avenue GP, LLC

  (2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a)  x        (b)  ¨

 

  (3)  

SEC USE ONLY

 

  (4)  

SOURCE OF FUNDS (see instructions)

 

OO

  (5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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

 

0 shares

     (8)   

SHARED VOTING POWER

 

1,077,196 shares

     (9)   

SOLE DISPOSITIVE POWER

 

0 shares

   (10)   

SHARED DISPOSITIVE POWER

 

1,077,196 shares

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,077,196 shares

(12)  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)  ¨

 

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

8.2%*

(14)  

TYPE OF REPORTING PERSON (see instructions)

 

OO

 

* Percentage calculated based on 13,165,364 shares of common stock, par value $.01 per share, outstanding as of January 16, 2013, as reported in the Form 10-Q for the quarterly period ended December 31, 2012 of Anaren, Inc.

 

Page 5 of 12

CUSIP No. 032744104   13D    
  (1)   

NAMES OF REPORTING PERSONS

 

Vintage Capital Management, LLC

  (2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a)  x        (b)  ¨

 

  (3)  

SEC USE ONLY

 

  (4)  

SOURCE OF FUNDS (see instructions)

 

OO

  (5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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

 

0 shares

     (8)   

SHARED VOTING POWER

 

1,684,000 shares

     (9)   

SOLE DISPOSITIVE POWER

 

0 shares

   (10)   

SHARED DISPOSITIVE POWER

 

1,684,000 shares

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,684,000 shares

(12)  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)  ¨

 

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

12.8%*

(14)  

TYPE OF REPORTING PERSON (see instructions)

 

OO

 

* Percentage calculated based on 13,165,364 shares of common stock, par value $.01 per share, outstanding as of January 16, 2013, as reported in the Form 10-Q for the quarterly period ended December 31, 2012 of Anaren, Inc.

 

Page 6 of 12

CUSIP No. 032744104   13D    
  (1)   

NAMES OF REPORTING PERSONS

 

Kahn Capital Management, LLC

  (2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a)  x        (b)  ¨

 

  (3)  

SEC USE ONLY

 

  (4)  

SOURCE OF FUNDS (see instructions)

 

OO

  (5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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

 

0 shares

     (8)   

SHARED VOTING POWER

 

1,684,000 shares

     (9)   

SOLE DISPOSITIVE POWER

 

0 shares

   (10)   

SHARED DISPOSITIVE POWER

 

1,684,000 shares

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,684,000 shares

(12)  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)  ¨

 

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

12.8%*

(14)  

TYPE OF REPORTING PERSON (see instructions)

 

OO

 

* Percentage calculated based on 13,165,364 shares of common stock, par value $.01 per share, outstanding as of January 16, 2013, as reported in the Form 10-Q for the quarterly period ended December 31, 2012 of Anaren, Inc.

 

Page 7 of 12

CUSIP No. 032744104   13D    
  (1)   

NAMES OF REPORTING PERSONS

 

Brian R. Kahn

  (2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a)  x        (b)  ¨

 

  (3)  

SEC USE ONLY

 

  (4)  

SOURCE OF FUNDS (see instructions)

 

OO

  (5)  

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)  ¨

 

  (6)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

      (7)    

SOLE VOTING POWER

 

0 shares

     (8)   

SHARED VOTING POWER

 

1,684,000 shares

     (9)   

SOLE DISPOSITIVE POWER

 

0 shares

   (10)   

SHARED DISPOSITIVE POWER

 

1,684,000 shares

(11)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,684,000 shares

(12)  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)  ¨

 

(13)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

12.8%*

(14)  

TYPE OF REPORTING PERSON (see instructions)

 

IN

 

* Percentage calculated based on 13,165,364 shares of common stock, par value $.01 per share, outstanding as of January 16, 2013, as reported in the Form 10-Q for the quarterly period ended December 31, 2012 of Anaren, Inc.

 

Page 8 of 12

Explanatory Note

This Amendment No. 2 (this “Amendment”) amends and supplements the Schedule 13D filed on October 3, 2011, as amended on January 30, 2012 (the “Schedule 13D”), by the Reporting Persons relating to the Common Stock of the Issuer. 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 but not defined in this Amendment have the respective meanings set forth in the Schedule 13D. All references in the Schedule 13D and this Amendment to the “Statement” shall be deemed to refer to the Schedule 13D as amended and supplemented by this Amendment.

Items 4 and 7 of the Schedule 13D are hereby amended as follows:

Item 4. Purpose of Transaction.

Item 4 is amended to add the following:

On April 15, 2013, Vintage Capital submitted a letter to the board of directors of the Issuer containing a proposal to acquire the Issuer for $23.00 per share. The letter is attached to this Schedule 13D as Exhibit 2 and incorporated herein by reference.

Item 7. Material to be Filed as Exhibits.

Item 7 is amended to add the following:

 

Exhibit
Number

   

Description

2    Letter to the Board of Directors of Anaren, Inc., dated April 15, 2013.

 

Page 9 of 12

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: April 15, 2013

 

VINTAGE PARTNERS, L.P.
By:   Vintage Partners GP, LLC,
  its General Partner
By:  

/s/ Brian R. Kahn

  Name: Brian R. Kahn
  Title:   Manager
VINTAGE PARTNERS GP, LLC
By:  

/s/ Brian R. Kahn

  Name: Brian R. Kahn
  Title:   Manager
VINTAGE AVENUE, L.P.
By:   Vintage Avenue GP, LLC,
  its General Partner
By:  

/s/ Brian R. Kahn

  Name: Brian R. Kahn
  Title:   Manager
VINTAGE AVENUE GP, LLC
By:  

/s/ Brian R. Kahn

  Name: Brian R. Kahn
  Title:   Manager

 

Page 10 of 12

VINTAGE CAPITAL MANAGEMENT, LLC
By:  

/s/ Brian R. Kahn

  Name: Brian R. Kahn
  Title:   Manager
KAHN CAPITAL MANAGEMENT, LLC
By:  

/s/ Brian R. Kahn

  Name: Brian R. Kahn
  Title:   Manager

/s/ Brian R. Kahn

Brian R. Kahn

 

Page 11 of 12

EXHIBIT INDEX

 

Exhibit
Number

   

Description

2    Letter to the Board of Directors of Anaren, Inc., dated April 15, 2013

 

Page 12 of 12