US Foods Holding Corp (NYSE:USFD): Ricky Sandler’s Eminence Capital filed an amended 13G.
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You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Eminence Capital | 0 | 11,659,553 | 0 | 11,659,553 | 11,659,553 | 5.4% |
| Eminence GP | 0 | 8,762,752 | 0 | 8,762,752 | 8,762,752 | 4.1% |
| Ricky C. Sandler | 6,637 | 11,659,553 | 6,637 | 11,659,553 | 11,666,190 | 5.4% |
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Page 1 of 10 – SEC Filing
| SECURITIES AND EXCHANGE COMMISSION | |
| Washington, D.C. 20549 | |
| SCHEDULE 13G | |
| Under the Securities Exchange Act of 1934 | |
| US Foods | |
| (Name of Issuer) | |
| Common | |
| (Title of Class of Securities) | |
| 912008109 | |
| (CUSIP Number) | |
| February | |
| (Date of Event Which Requires Filing of This Statement) | |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: | |
| ¨ | Rule 13d-1(b) |
| ý | Rule 13d-1(c) |
| ¨ | Rule 13d-1(d) |
| (Page 1 of 10 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 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).
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Page 2 of 10 – SEC Filing
| 1 | NAME OF REPORTING PERSON Eminence Capital, LP | |||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ¨ (b) ý | ||
| 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 11,659,553 | |||
| 7 | SOLE DISPOSITIVE POWER 0 | |||
| 8 | SHARED DISPOSITIVE POWER 11,659,553 | |||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,659,553 | |||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.4% | |||
| 12 | TYPE OF REPORTING PERSON IA | |||
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Page 3 of 10 – SEC Filing
| 1 | NAME OF REPORTING PERSON Eminence GP, LLC | |||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ¨ (b) ý | ||
| 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 8,762,752 | |||
| 7 | SOLE DISPOSITIVE POWER 0 | |||
| 8 | SHARED DISPOSITIVE POWER 8,762,752 | |||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,762,752 | |||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.1% | |||
| 12 | TYPE OF REPORTING PERSON OO | |||
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Page 4 of 10 – SEC Filing
| 1 | NAME OF REPORTING PERSON Ricky C. Sandler | |||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ¨ (b) ý | ||
| 3 | SEC USE ONLY | |||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION United States | |||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER 6,637 | ||
| 6 | SHARED VOTING POWER 11,659,553 | |||
| 7 | SOLE DISPOSITIVE POWER 6,637 | |||
| 8 | SHARED DISPOSITIVE POWER 11,659,553 | |||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,666,190 | |||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.4% | |||
| 12 | TYPE OF REPORTING PERSON IN | |||
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Page 5 of 10 – SEC Filing
| Item 1(a). | NAME OF ISSUER |
| The name of the issuer is US Foods Holding Corp. (the “Company”) |
| Item 1(b). | ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES |
| The Company’s principal executive offices are located at 9399 W. Higgins Road, Suite 500, Rosemont, IL 60018 |
| Item 2(a). | NAME OF PERSON FILING: |
| This statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”): | |
| (i) Eminence Capital, LP, a Delaware limited (ii) Eminence GP, LLC, a Delaware limited liability (iii) Ricky C. Sandler, a U.S. Citizen (“Mr. | |
| This statement relates to shares of Common Stock (as defined in Item 2(d) below) held for the accounts of: | |
| (i) Eminence Partners, L.P., a New | |
| (ii) A separately managed account (the “SMA”); (iii) Family accounts and other related accounts | |
| Eminence Capital serves as the management company to the Eminence Funds with respect to the shares of Common Stock directly owned by the Eminence Funds and the investment adviser to the SMA with respect to the shares of Common Stock directly owned by the SMA. Eminence Capital may be deemed to have voting and dispositive power over the shares held for the accounts of the Eminence Funds and the SMA. | |
| Eminence GP serves as general partner or manager with respect to the shares of Common Stock directly owned by the Partnerships and Master Funds and may be deemed to have voting and dispositive power over the shares held for the accounts of the Partnerships and Master Funds. | |
| Mr. Sandler is the Chief Executive Officer of Eminence Capital and the Managing Member of Eminence GP and may be deemed to have voting and dispositive power with respect to the shares of Common Stock directly owned by the Eminence Funds, the SMA and the Family Accounts, as applicable. |
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Page 6 of 10 – SEC Filing
| The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13G of the Act, the beneficial owner of the shares of Common Stock reported herein. |
| Item 2(b). | ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: |
| The address of the principal business and principal office of Eminence GP and Eminence Capital is 65 East 55th Street, 25th Floor, New York, NY 10022. The business address of Mr. Sandler is 65 East 55th Street, 25th Floor, New York, NY 10022. | |
| Item 2(c). | CITIZENSHIP |
| (i) Eminence Capital, a Delaware limited partnership; | |
| (ii) Eminence GP, a Delaware limited liability company; and | |
| (iii) Mr. Sandler is a United States citizen. | |
| Item 2(d). | TITLE OF CLASS OF SECURITIES |
| Common Stock, $0.01 par value (the “Common Stock”) |
| Item 2(e). | CUSIP NUMBER |
| 912008109 |
| Item 3. | IF THIS STATEMENT IS FILED PURSUANT TO Rules 13d-1(b), OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: | ||
| (a) | ¨ | Broker or dealer registered under Section 15 of the Act; | |
| (b) | ¨ | Bank as defined in Section 3(a)(6) of the Act; | |
| (c) | ¨ | Insurance company as defined in Section 3(a)(19) of the Act; | |
| (d) | ¨ | Investment company registered under Section 8 of the Investment Company Act of 1940; | |
| (e) | ¨ | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); | |
| (f) | ¨ | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); | |
| (g) | ¨ | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); | |
| (h) | ¨ | A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; | |
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Page 7 of 10 – SEC Filing
| (i) | ¨ | A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; | |
| (j) | ¨ | A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); | |
| (k) | ¨ | Group, in accordance with Rule 13d-1(b)(1)(ii)(K). |
| If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please | |||
| specify the type of institution: | |||
| Item 4. | OWNERSHIP |
| A. | Eminence Capital, LP | |||
| (a) | Amount beneficially owned: 11,659,553 | |||
| (b) | Percent of class: 5.4%. The percentages used herein and in the rest of Item 4 are calculated based upon the 214,693,304 shares of Common Stock reported to be outstanding in the Issuer’s Prospectus filed pursuant to Rule 424(b)(3), filed with the Securities and Exchange Commission on December 1, 2017 after giving effect to the retirement of 10,000,000 shares of Common Stock in the concurrent share repurchase, as described therein and in the Issuer’s Current Report on Form 8–K filed with the Securities and Exchange Commission on December 4, 2017. | |||
| (c) | (i) | Sole power to vote or to direct the vote: 0 | ||
| (ii) | Shared power to vote or to direct the vote: 11,659,553 | |||
| (iii) | Sole power to dispose or to direct the disposition: 0 | |||
| (iv) | Shared power to dispose or to direct the disposition: 11,659,553 | |||
| B. | Eminence GP, LLC | |||
| (a) | Amount beneficially owned: 8,762,752 | |||
| (b) | Percent of class: 4.1%. | |||
| (c) | (i) | Sole power to vote or to direct the vote: 0 | ||
| (ii) | Shared power to vote or to direct the vote: 8,762,752 | |||
| (iii) | Sole power to dispose or to direct the disposition: 0 | |||
| (iv) | Shared power to dispose or to direct the disposition: 8,762,752 | |||
| C. | Ricky C. Sandler | |||
| (a) | Amount beneficially owned: 11,666,190 | |||
| (b) | Percent of class: 5.4%. | |||
| (c) | (i) | Sole power to vote or to direct the vote: 6,637 | ||
| (ii) | Shared power to vote or to direct the vote: 11,659,553 | |||
| (iii) | Sole power to dispose or to direct the disposition: 6,637 | |||
| (iv) | Shared power to dispose or to direct the disposition: 11,659,553 | |||
| Item 5. | OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS |
| Not applicable. |
| Item 6. | OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON |
| Not applicable. |
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Page 8 of 10 – SEC Filing
| Item 7. | IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. |
| Not applicable. |
| Item 8. | IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. |
| Not applicable. |
| Item 9. | NOTICE OF DISSOLUTION OF GROUP. |
| Not applicable. |
| Item 10. | CERTIFICATION | |
| Each of the Reporting Persons hereby makes the following certification: | ||
| By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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. | ||
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Page 9 of 10 – SEC Filing
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 20, 2018
| /s/ Ricky C. Sandler | |
| Ricky C. Sandler, individually; as Managing Member of Eminence Capital GP, LLC, the General Partner | |
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Page 10 of 10 – SEC Filing
EXHIBIT 1
JOINT FILING AGREEMENT
PURSUANT TO RULE 13d-1(k)
The
undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and
that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the
necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely
filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained herein and
therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the
extent that he or it knows or has reason to believe that such information is inaccurate.
DATE: February 20, 2018
| /s/ Ricky C. Sandler | |
| Ricky C. Sandler, individually; as Managing Member of Eminence Capital GP, LLC, the | |
