Evertec Inc. (NYSE:EVTC): Barry Lebovits And Joshua Kuntz’s Rivulet Capital filed an amended 13D.
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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 |
|---|---|---|---|---|---|---|
| Rivulet Capital | 0 | 3,856,505 | 0 | 3,856,505 | 3,856,505 | 5.3% |
| Barry Lebovits | 0 | 3,856,505 | 0 | 3,856,505 | 3,856,505 | 5.3% |
| Joshua Kuntz | 0 | 3,856,505 | 0 | 3,856,505 | 3,856,505 | 5.3% |
| Rivulet Capital Master Fund, Ltd | 0 | 3,709,705 | 0 | 3,709,705 | 3,709,705 | 5.1% |
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Page 1 of 12 – SEC Filing
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS
THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No.)
| EVERTEC, Inc. |
| (Name of Issuer) |
| Common Stock, par value $0.01 |
| (Title of Class of Securities) |
| 30040P103 |
| (CUSIP Number) |
| September 29, 2017 |
| (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)
[x] Rule 13d-1(c)
[_] Rule 13d-1(d)
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 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 12 – SEC Filing
| CUSIP No. | 30040P103 |
| 1. | NAME OF REPORTING PERSONS | |||
| I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||||
| Rivulet Capital, LLC | ||||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | (a) [_] | ||
| (b) [X] | ||||
| 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 | |||
| 3,856,505 | ||||
| 7. | SOLE DISPOSITIVE POWER | |||
| 0 | ||||
| 8. | SHARED DISPOSITIVE POWER | |||
| 3,856,505 | ||||
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |||
| 3,856,505 | ||||
| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | [_] | ||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | |||
| 5.3% | ||||
| 12. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | |||
| IA | ||||
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Page 3 of 12 – SEC Filing
| CUSIP No. | 78463M107 |
| 1. | NAME OF REPORTING PERSONS | |||
| I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||||
| Barry Lebovits | ||||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | (a) [_] | ||
| (b) [X] | ||||
| 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 | |||
| 0 | ||||
| 6. | SHARED VOTING POWER | |||
| 3,856,505 | ||||
| 7. | SOLE DISPOSITIVE POWER | |||
| 0 | ||||
| 8. | SHARED DISPOSITIVE POWER | |||
| 3,856,505 | ||||
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |||
| 3,856,505 | ||||
| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | [_] | ||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | |||
| 5.3% | ||||
| 12. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | |||
| IN, HC | ||||
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Page 4 of 12 – SEC Filing
| CUSIP No. | 30040P103 |
| 1. | NAME OF REPORTING PERSONS | |||
| I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||||
| Joshua Kuntz | ||||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | (a) [_] | ||
| (b) [X] | ||||
| 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 | |||
| 0 | ||||
| 6. | SHARED VOTING POWER | |||
| 3,856,505 | ||||
| 7. | SOLE DISPOSITIVE POWER | |||
| 0 | ||||
| 8. | SHARED DISPOSITIVE POWER | |||
| 3,856,505 | ||||
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |||
| 3,856,505 | ||||
| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | [_] | ||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | |||
| 5.3% | ||||
| 12. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | |||
| IN, HC | ||||
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Page 5 of 12 – SEC Filing
| CUSIP No. | 30040P103 |
| 1. | NAME OF REPORTING PERSONS | |||
| I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||||
| Rivulet Capital Master Fund, Ltd. | ||||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | (a) [_] | ||
| (b) [X] | ||||
| 3. | SEC USE ONLY | |||
| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION | |||
| Cayman Islands | ||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | ||||
| 5. | SOLE VOTING POWER | |||
| 0 | ||||
| 6. | SHARED VOTING POWER | |||
| 3,709,705 | ||||
| 7. | SOLE DISPOSITIVE POWER | |||
| 0 | ||||
| 8. | SHARED DISPOSITIVE POWER | |||
| 3,709,705 | ||||
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |||
| 3,709,705 | ||||
| 10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | [_] | ||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | |||
| 5.1% | ||||
| 12. | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | |||
| CO | ||||
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Page 6 of 12 – SEC Filing
| CUSIP No. | 30040P103 |
| Item 1. | (a). | Name of Issuer: |
| EVERTEC, Inc. | ||
| (b). | Address of issuer’s principal executive offices: | |
| Cupey Center Building, Road 176, Kilometer 1.3 San Juan, Puerto Rico 00926 | ||
| Item 2. | (a)-(c). | Name Principal Business Address, and Citizenship of Person Filing: |
| Rivulet Capital, LLC 527 Madison Avenue, Suite 1201 New York, New York 10022 Delaware limited liability company | ||
| Barry Lebovits 527 Madison Avenue, Suite 1201 New York, New York 10022 United States citizen | ||
| Joshua Kuntz 527 Madison Avenue, Suite 1201 New York, New York 10022 United States citizen | ||
| Rivulet Capital Master Fund, Ltd. c/o Rivulet Capital, LLC 527 Madison Avenue, Suite 1201 New York, New York 10022 Cayman Islands exempted company | ||
| Item 2. | (d) | Title of class of securities: |
| Common Stock, par value $0.01 | ||
| Item 2. | (e). | CUSIP No.: |
| 30040P103 |
| Item 3. | If This Statement is Filed Pursuant to Rule 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 Exchange Act. | |
| (b) | [_] | Bank as defined in Section 3(a)(6) of the Exchange Act. | |
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Page 7 of 12 – SEC Filing
| (c) | [_] | Insurance company as defined in Section 3(a)(19) of the Exchange Act. | |
| (d) | [_] | Investment company registered under Section 8 of the Investment Company Act. | |
| (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; | |
| (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) | [_] | Group, in accordance with Rule 13d-1(b)(1)(ii)(J). |
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Page 8 of 12 – SEC Filing
| 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: | ||
| Rivulet Capital, LLC | 3,856,505 shares | ||
| Barry Lebovits | 3,856,505 shares | ||
| Joshua Kuntz | 3,856,505 shares | ||
| Rivulet Capital Master Fund, Ltd. | 3,709,705 shares | ||
| (b) | Percent of class: | ||
| Rivulet Capital, LLC | 5.3% | ||
| Barry Lebovits | 5.3% | ||
| Joshua Kuntz | 5.3% | ||
| Rivulet Capital Master Fund, Ltd. | 5.1% | ||
| (c) | Number of shares as to which such person has: | ||
| (i) Sole power to vote or to direct the vote | |||
| Rivulet Capital, LLC | 0 shares | ||
| Barry Lebovits | 0 shares | ||
| Joshua Kuntz | 0 shares | ||
| Rivulet Capital Master Fund, Ltd. | 0 shares | ||
| (ii) Shared power to vote or to direct the vote | |||
| Rivulet Capital, LLC | 3,856,505 shares | ||
| Barry Lebovits | 3,856,505shares | ||
| Joshua Kuntz | 3,856,505 shares | ||
| Rivulet Capital Master Fund, Ltd. | 3,709,705 shares | ||
| (iii) Sole power to dispose or to direct the disposition of | |||
| Rivulet Capital, LLC | 0 shares | ||
| Barry Lebovits | 0 shares | ||
| Joshua Kuntz | 0 shares | ||
| Rivulet Capital Master Fund, Ltd. | 0 shares | ||
| (iv) Shared power to dispose or to direct the disposition of | |||
| Rivulet Capital, LLC | 3,856,505 shares | ||
| Barry Lebovits | 3,856,505 shares | ||
| Joshua Kuntz | 3,856,505 shares | ||
| Rivulet Capital Master Fund, Ltd. | 3,709,705 shares |
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Page 9 of 12 – SEC Filing
| 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 [_]. | |
| N/A | |
| Item 6. | Ownership of More Than Five Percent on Behalf of Another Person. |
| If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than five percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. | |
| All of the securities reported in this Schedule 13G are owned by advisory clients of Rivulet Capital, LLC. Other than Rivulet Capital Master Fund, Ltd., none of these clients own more than five percent of the Issuer’s Common Stock. | |
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
| If a parent holding company or control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. | |
| N/A | |
| Item 8. | Identification and Classification of Members of the Group. |
| If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. | |
| N/A | |
| Item 9. | Notice of Dissolution of Group. |
| Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. | |
| N/A |
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Page 10 of 12 – SEC Filing
| Item 10. | Certifications. |
| By signing below I certify that, to the best |
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Page 11 of 12 – SEC Filing
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.
| October 6, 2017 | ||
| (Date) | ||
| RIVULET CAPITAL, LLC (1) | ||
| By: | /s/ Barry Lebovits | |
| Barry Lebovits, Co-Managing Member | ||
| /s/ Barry Lebovits(1) | ||
| BARRY LEBOVITS | ||
| /s/ Joshua Kuntz (1) | ||
| JOSHUA KUNTZ | ||
| RIVULET CAPITAL MASTER FUND, LTD.(1) | ||
| By: | /s/ Barry Lebovits | |
| Barry Lebovits, Director | ||
(1) The Reporting Persons disclaim beneficial ownership except to
the extent of their pecuniary interest therein.
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Page 12 of 12 – SEC Filing
EXHIBIT A
AGREEMENT
The undersigned
agree that this Schedule 13G dated October 6, 2017 relating to the Common Stock, par value $0.01 of EVERTEC, Inc. shall be filed
on behalf of the undersigned.
| RIVULET CAPITAL, LLC | ||
| By: | /s/ Barry Lebovits | |
| Barry Lebovits, Co-Managing Member | ||
| /s/ Barry Lebovits | ||
| BARRY LEBOVITS | ||
| /s/ Joshua Kuntz | ||
| JOSHUA KUNTZ | ||
| RIVULET CAPITAL MASTER FUND, LTD. | ||
| By: | /s/ Barry Lebovits | |
| Barry Lebovits, Director | ||
