SC 13D/A 1 p17-0399sc13da.htm TAILORED BRANDS, INC.
SECURITIES AND EXCHANGE COMMISSION  
Washington, D.C. 20549  
   
SCHEDULE 13D/A
 
Under the Securities Exchange Act of 1934
(Amendment No. 11)*
 

Tailored Brands, Inc.

(Name of Issuer)
 

Common Stock, par value $0.01 per share

(Title of Class of Securities)
 

87403A107

(CUSIP Number)
 
 

Marc Weingarten

Schulte Roth & Zabel LLP

919 Third Avenue

New York, New York 10022

(212) 756-2000

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

January 30, 2017

(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 Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. [ ]

 

(Page 1 of 8 Pages)

______________________________

* 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).

 

CUSIP No. 87403A107SCHEDULE 13D/APage 2 of 8 Pages

 

1

NAME OF REPORTING PERSON

Eminence Capital, LP

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3 SEC USE ONLY
4

SOURCE OF FUNDS

AF

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING 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

0

8

SHARED VOTING POWER

7,253,578 shares of Common Stock

9

SOLE DISPOSITIVE POWER

0

10

SHARED DISPOSITIVE POWER

7,253,578 shares of Common Stock

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

7,253,578 shares of Common Stock

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

14.9%

14

TYPE OF REPORTING PERSON

IA; PN

         

 

 

 

CUSIP No. 87403A107SCHEDULE 13D/APage 3 of 8 Pages

 

1

NAME OF REPORTING PERSON

Eminence GP, LLC

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3 SEC USE ONLY
4

SOURCE OF FUNDS

AF

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING 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

0

8

SHARED VOTING POWER

5,842,889 shares of Common Stock

9

SOLE DISPOSITIVE POWER

0

10

SHARED DISPOSITIVE POWER

5,842,889 shares of Common Stock

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

5,842,889 shares of Common Stock

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

12.0%

14

TYPE OF REPORTING PERSON

OO

         

 

 

CUSIP No. 87403A107SCHEDULE 13D/APage 4 of 8 Pages

 

1

NAME OF REPORTING PERSON

Ricky C. Sandler

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) x

3 SEC USE ONLY
4

SOURCE OF FUNDS

AF

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING 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

3,100 shares of Common Stock

8

SHARED VOTING POWER

7,253,578 shares of Common Stock

9

SOLE DISPOSITIVE POWER

3,100 shares of Common Stock

10

SHARED DISPOSITIVE POWER

7,253,578 shares of Common Stock

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

7,256,678 shares of Common Stock

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

14.9%

14

TYPE OF REPORTING PERSON

IN

         

 

 

CUSIP No. 87403A107SCHEDULE 13D/APage 5 of 8 Pages

 

This Amendment No. 11 ("Amendment No. 11") amends and supplements the statement on Schedule 13D filed with the Securities and Exchange Commission (the "SEC") on November 7, 2013 (as amended, the "Schedule 13D") with respect to the shares of common stock, $0.01 par value, of The Men's Wearhouse, Inc., a Texas corporation. Capitalized terms used herein and not otherwise defined in this Amendment No. 11 have the meanings set forth in the Schedule 13D. This Amendment No. 11 amends Items 1, 3 and 5 as set forth below.

 

Item 1. SECURITY AND ISSUER
   
  Item 1 of the Schedule 13D is hereby amended and restated in its entirety as follows:
   
  The Schedule 13D relates to the shares of common stock, par value $0.01 per share (the "Common Stock"), of Tailored Brands, Inc., a Texas corporation (the "Issuer"), the successor registrant to The Men's Wearhouse, Inc. The Issuer's principal executive offices are located at 6380 Rogerdale Road, Houston, Texas 77072.
   
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

 

The first sentence of Item 3 of the Schedule 13D is hereby amended and restated in its entirety as follows:

 

 

The Reporting Persons used approximately $256,000,813 (including brokerage commissions) in the aggregate to purchase the shares of Common Stock reported in this Schedule 13D. 

 

Item 5. INTEREST IN SECURITIES OF THE ISSUER
   
Paragraphs (a)-(c) of Item 5 of the Schedule 13D are hereby amended and restated in their entirety as follows:
 

 

(a) The aggregate number and percentage of shares of Common Stock to which this Schedule 13D relates is 7,256,678 shares of Common Stock, constituting approximately 14.9% of the Issuer's currently outstanding Common Stock. The aggregate number and percentage of shares of Common Stock reported herein are based upon the 48,744,325 shares of Common Stock outstanding as of November 25, 2016, as reported in the Issuer's Quarterly Report on Form 10-Q for the period ended October 29, 2016 filed with the SEC on December 8, 2016.

 

  (i) Eminence Capital:
    (a) As of the date hereof, Eminence Capital may be deemed the beneficial owner of 7,253,578 shares of Common Stock.
      Percentage: Approximately 14.9% as of the date hereof.
    (b) 1.  Sole power to vote or direct vote: 0
      2.  Shared power to vote or direct vote: 7,253,578 shares of Common Stock
      3.  Sole power to dispose or direct the disposition: 0
      4.  Shared power to dispose or direct the disposition: 7,253,578 shares of Common Stock
  (ii) Eminence GP:
    (a) As of the date hereof, Eminence GP may be deemed the beneficial owner of 5,842,889 shares of Common Stock.
      Percentage: Approximately 12.0% as of the date hereof.
    (b) 1.  Sole power to vote or direct vote: 0
      2.  Shared power to vote or direct vote: 5,842,889 shares of Common Stock
      3.  Sole power to dispose or direct the disposition: 0
      4.  Shared power to dispose or direct the disposition: 5,842,889 shares of Common Stock

 

CUSIP No. 87403A107SCHEDULE 13D/APage 6 of 8 Pages

 

  (iii) Mr. Sandler:
    (a) As of the date hereof, Mr. Sandler may be deemed the beneficial owner of 7,256,678 shares of Common Stock.
      Percentage: Approximately 14.9% as of the date hereof.
    (b) 1.  Sole power to vote or direct vote: 3,100 shares of Common Stock
      2.  Shared power to vote or direct vote: 7,253,578 shares of Common Stock
      3.  Sole power to dispose or direct the disposition: 3,100 shares of Common Stock
      4.  Shared power to dispose or direct the disposition: 7,253,578 shares of Common Stock
       

 

 

 

 

(c)        Information concerning transactions in the Common Stock effected by the Reporting Persons during the past sixty days is set forth in Schedule A hereto and is incorporated herein by reference. All of such transactions were effected in the open market.

 

 

CUSIP No. 87403A107SCHEDULE 13D/APage 7 of 8 Pages

 

SIGNATURES

After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

DATE: February 1, 2017

 

  /s/ Ricky C. Sandler
  Ricky C. Sandler, individually; as
  Managing Member of Eminence Capital GP, LLC, the General Partner of Eminence Capital, LP;
  and as Managing Member of Eminence GP, LLC

 

 

 

CUSIP No. 87403A107SCHEDULE 13D/APage 8 of 8 Pages

Schedule A

 

TRANSACTIONS IN THE ISSUER'S SHARES OF COMMON STOCK BY THE REPORTING PERSONS DURING THE PAST SIXTY DAYS

 

 

The following table sets forth all transactions with respect to the shares of Common Stock effected during the past sixty days by any of the Reporting Persons. All such transactions in the table were effected in the open market through a broker and include brokerage commissions.

 

Trade Date Amount Purchased (Sold) Price Per Share ($)
1/30/2017 1,110,000 20.05