-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, JxjTjo7gzhCkkuWeXgChYiQuwnHr8RxXUJi/LP1HeUAHR1lSulm0Vem05JNYa+AM VqTjkOBHjEog7asysVO9bQ== 0000950144-94-002012.txt : 19941116 0000950144-94-002012.hdr.sgml : 19941116 ACCESSION NUMBER: 0000950144-94-002012 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19941114 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MAC FRUGALS BARGAINS CLOSE OUTS INC CENTRAL INDEX KEY: 0000078384 STANDARD INDUSTRIAL CLASSIFICATION: 5331 IRS NUMBER: 952745285 STATE OF INCORPORATION: DE FISCAL YEAR END: 0130 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-31570 FILM NUMBER: 94560119 BUSINESS ADDRESS: STREET 1: 2430 E DEL AMO BLVD CITY: DOMINGUEZ STATE: CA ZIP: 90220-6306 BUSINESS PHONE: 3105379220 MAIL ADDRESS: ZIP: ***** FORMER COMPANY: FORMER CONFORMED NAME: PIC N SAVE CORP DATE OF NAME CHANGE: 19920610 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHEASTERN ASSET MANAGEMENT INC/TN/ CENTRAL INDEX KEY: 0000807985 STANDARD INDUSTRIAL CLASSIFICATION: 0000 IRS NUMBER: 620951781 STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 860 RIDGELAKE BLVD STE 301 CITY: MEMPHIS STATE: TN ZIP: 38120 MAIL ADDRESS: STREET 1: 860 RIDGELAKE BLVD STREET 2: STE 301 CITY: MEMPHIS STATE: TN ZIP: 38120 SC 13G/A 1 SCHEDULE 13G/A - SOUTHEASTERN ASSET MGT. 1 UNITED STATES * * * * * * * * * * * * * * * * SECURITIES AND EXCHANGE COMMISSION * OMB APPROVAL * WASHINGTON, D.C. 20549 * --------------------------- * * OMB Number: 3235-0145 * * Expires: August 31, 1991 * * Estimated average burden * * hours per response...14.90 * * * * * * * * * * * * * * * * * SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 3)* Mac Frugal's Bargains * Close-outs Inc. - -------------------------------------------------------------------------------- (NAME OF ISSUER) Common Stock - -------------------------------------------------------------------------------- (TITLE OF CLASS OF SECURITIES) 554152108 --------------------------------------------- (CUSIP NUMBER) Check the following box if a fee is being paid with this statement / /. (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). *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). SEC 1745 (10-88) Page 1 of 7 pages 2 SCHEDULE 13G -- MAC FRUGAL'S BARGAINS * CLOSE-OUTS INC. AMENDMENT NO. 3 CUSIP No. 554152108 13G - -------------------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS Southeastern Asset Management, Inc. I.D. No. 62-0951781 - -------------------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (b) X - -------------------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Tennessee - -------------------------------------------------------------------------------------------- : (5) SOLE VOTING POWER OWNED BY EACH REPORTING PERSON WITH : (Discretionary Accounts) : 2,895,023 shares ---------------------------------------------- : (6) SHARED OR NO VOTING POWER : Total -- 614,500 shares : 455,000 shares (Shared) : 159,500 shares (No Vote) ---------------------------------------------- : (7) SOLE DISPOSITIVE POWER : 3,035,023 shares ---------------------------------------------- : (8) SHARED OR NO DISPOSITIVE POWER : Total -- 474,500 shares : Shared -- 455,000 shares : None -- 19,500 shares - -------------------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON (Discretionary & Non-discretionary Accounts) 3,509,523 shares - -------------------------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES - -------------------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 12.3% - -------------------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON IA - --------------------------------------------------------------------------------------------
Page 2 of 7 3 SCHEDULE 13G -- MAC FRUGAL'S BARGAINS * CLOSE-OUTS INC. AMENDMENT NO. 3 CUSIP No. 554152108 13G - -------------------------------------------------------------------------------------------- (1) NAMES OF REPORTING PERSONS O. Mason Hawkins I.D. No. ###-##-#### - -------------------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (b) X - -------------------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------------------- (4) CITIZENSHIP OR PLACE OF ORGANIZATION Citizen of United States - -------------------------------------------------------------------------------------------- : (5) SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY OWNED BY EACH : (Discretionary Accounts) REPORTING PERSON WITH : None ---------------------------------------------- : (6) SHARED VOTING POWER : None ---------------------------------------------- : (7) SOLE DISPOSITIVE POWER : None ---------------------------------------------- : (8) SHARED DISPOSTIIVE POWER : None - -------------------------------------------------------------------------------------------- (9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None (See Item 3) - -------------------------------------------------------------------------------------------- (10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES - -------------------------------------------------------------------------------------------- (11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.0% - -------------------------------------------------------------------------------------------- (12) TYPE OF REPORTING PERSON IN - --------------------------------------------------------------------------------------------
Page 3 of 7 4 SCHEDULE 13G -- MAC FRUGAL'S BARGAINS * CLOSE-OUTS INC. AMENDMENT NO. 3 Item 1. (a) Name of Issuer: Mac Frugal's Bargains * Close-Outs Inc. ("Issuer") (b) Address of Issuer's Principal Executive Offices: 2430 East Del Amo Blvd. Dominguez, CA 90220 Item 2. (a) and (b) Names and Principal Business Addresses of Persons Filing: (1) Southeastern Asset Management, Inc. 6075 Poplar Avenue; Suite 900 Memphis, TN 38119 (2) Mr. O. Mason Hawkins Chairman of the Board and C.E.O. Southeastern Asset Management, Inc. 6075 Poplar Avenue; Suite 901 Memphis, TN 38119 (c) Citizenship: Southeastern Asset Management, Inc. -- A Tennessee corporation Mr. O. Mason Hawkins -- U.S. Citizen (d) Title of Class of Securities: Common Stock (the "Securities"). (e) Cusip Number: 554152108 Item 3. If this statement is filed pursuant to Rules 13d-1 (b) or 13d-2 (b), check whether the person filing is a: (e) Investment Advisor registered under Section 203 of the Investment Advisers Act of 1940. This statement is being filed by Southeastern Asset Management, Inc. as a registered investment adviser. All of the securities covered by this report are owned legally by Southeastern's investment advisory clients and none are owned directly or indirectly by Southeastern. As permitted by Rule 13d-4, the filing of this statement shall not be construed as an admission that Southeastern Asset Management, Inc. is the Page 4 of 7 5 SCHEDULE 13G -- MAC FRUGAL'S BARGAINS * CLOSE-OUTS INC. AMENDMENT NO. 3 beneficial owner of any of the securities covered by this statement. (g) Parent Holding Company. This statement is also being filed by Mr. O. Mason Hawkins, Chairman of the Board and C.E.O. of Southeastern Asset Management, Inc. in the event he could be deemed to be a controlling person of that firm as the result of his official positions with or ownership of its voting securities. The existence of such control is expressly disclaimed. Mr. Hawkins does not own directly or indirectly any securities covered by this statement for his own account. As permitted by Rule 13d-4, the filing of this statement shall not be construed as an admission that Mr. Hawkins is the beneficial owner of any of the securities covered by this statement. ITEM 4. OWNERSHIP: (a) Amount Beneficially Owned: 3,509,523 shares (b) Percent of Class: 12.3% Above percentage is based on 28,437,867 shares of Common Stock outstanding as reported in the Issuer's Form 10-Q dated August 28, 1994. (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 2,895,023 shares (ii) shared or no power to vote or to direct the vote: Total -- 614,500 shares Shared -- 455,000 shares. Includes Securities owned by Longleaf Partners Fund, a series of Longleaf Partners Funds Trust (formerly Southeastern Asset Management Funds Trust), an open-end management investment company registered under the Investment Company Act of 1940, having two separate series or portfolios. No power to vote: 159,500 shares (iii) Sole power to dispose or to direct the Page 5 of 7 6 SCHEDULE 13G -- MAC FRUGAL'S BARGAINS * CLOSE-OUTS INC. AMENDMENT NO. 3 disposition of: 3,035,023 (iv) shared or no power to dispose or to direct the disposition of: Total -- 474,500 shares Shared -- 455,000 shares. Includes Securities owned by Longleaf Partners Fund, a series of Longleaf Partners Funds Trust (formerly Southeastern Asset Management Funds Trust), an open-end management investment company registered under the Investment Company Act of 1940, having two separate series of portfolios. None -- 19,500 shares Item 5. Ownership of Five Percent or Less of a Class: N/A Item 6. Ownership of More Than Five Percent on Behalf of Another Person: N/A Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: N/A Item 8. Identification and Classification of Member of the Group: N/A Item 9. Notice of Dissolution of Group: N/A Item 10. Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect. Page 6 of 7 7 SCHEDULE 13G -- MAC FRUGAL'S BARGAINS * CLOSE-OUTS INC. AMENDMENT NO. 3 Signatures After reasonable inquiry and to the best of the knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: November 10, 1994 SOUTHEASTERN ASSET MANAGEMENT, INC. By /s/ CHARLES D. REAVES ----------------------------------- Charles D. Reaves Vice President and General Counsel O. MASON HAWKINS, INDIVIDUALLY /s/ O. MASON HAWKINS ----------------------------------- Joint Filing Agreement In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934, the persons or entities named below agree to the joint filing on behalf of each of them of this Schedule 13G with respect to the Securities of the Issuer and further agree that this joint filing agreement be included as an exhibit to this Schedule 13G. In evidence thereof, the undersigned hereby execute this Agreement as of the 10th day of November, 1994. SOUTHEASTERN ASSET MANAGEMENT, INC. By /s/ CHARLES D. REAVES ----------------------------------- Charles D. Reaves Vice President and General Counsel O. MASON HAWKINS, INDIVIDUALLY /s/ O. MASON HAWKINS ----------------------------------- Page 7 of 7 -----END PRIVACY-ENHANCED MESSAGE-----