Filing Details
- Accession Number:
- 0000899140-21-000135
- Form Type:
- 13G Filing
- Publication Date:
- 2021-02-08 18:07:51
- Filed By:
- Cantillon Capital Management
- Company:
- Brunswick Corp (NYSE:BC)
- Filing Date:
- 2021-02-09
- SEC Url:
- 13G Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
Cantillon Capital Management | 0 | 3,177,504 | 0 | 4,085,616 | 4,085,616 | 5.22% |
Cantillon Management | 0 | 3,177,504 | 0 | 4,085,616 | 4,085,616 | 5.22% |
Cantillon Inc | 0 | 3,177,504 | 0 | 4,085,616 | 4,085,616 | 5.22% |
William von Mueffling | 430,000 | 3,177,504 | 430,000 | 4,085,616 | 4,515,616 | 5.76% |
Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
(Amendment No. )*
BRUNSWICK CORPORATION
(Name of Issuer)
Common Stock, Par Value $0.75 Per Share
(Title of Class of Securities)
117043109
(CUSIP Number)
December 31, 2020
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[X] | Rule 13d-1(b) | |
[ ] | Rule 13d-1(c) | |
[ ] | Rule 13d-1(d) |
*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 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. 117043109 | 13G | Page 2 of 10 Pages |
1 | NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Cantillon Capital Management LLC | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ☐ (b) ☒ | ||
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 3,177,504 (see Item 4) | ||
7 | SOLE DISPOSITIVE POWER 0 | ||
8 | SHARED DISPOSITIVE POWER 4,085,616 (see Item 4) | ||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,085,616 (see Item 4) | ||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐ | ||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.22% (see Item 4) | ||
12 | TYPE OF REPORTING PERSON* IA |
*SEE INSTRUCTION BEFORE FILLING OUT
CUSIP No. 117043109 | 13G | Page 3
of 10 Pages |
1 | NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Cantillon Management L.P. | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ☐ (b) ☒ | ||
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 3,177,504 (see Item 4) | ||
7 | SOLE DISPOSITIVE POWER 0 | ||
8 | SHARED DISPOSITIVE POWER 4,085,616 (see Item 4) | ||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,085,616 (see Item 4) | ||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐ | ||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.22% (see Item 4) | ||
12 | TYPE OF REPORTING PERSON* HC |
*SEE INSTRUCTION BEFORE FILLING OUT
CUSIP No. 117043109 | 13G | Page 4
of 10 Pages |
1 | NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Cantillon Inc. | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ☐ (b) ☒ | ||
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 3,177,504 (see Item 4) | ||
7 | SOLE DISPOSITIVE POWER 0 | ||
8 | SHARED DISPOSITIVE POWER 4,085,616 (see Item 4) | ||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,085,616 (see Item 4) | ||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐ | ||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.22% (see Item 4) | ||
12 | TYPE OF REPORTING PERSON* HC |
*SEE INSTRUCTION BEFORE FILLING OUT
CUSIP No. 117043109 | 13G | Page 5
of 10 Pages |
1 | NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON William von Mueffling | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ☐ (b) ☒ | ||
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 430,000 (see Item 4) | |
6 | SHARED VOTING POWER 3,177,504 (see Item 4) | ||
7 | SOLE DISPOSITIVE POWER 430,000 (see Item 4) | ||
8 | SHARED DISPOSITIVE POWER 4,085,616 (see Item 4) | ||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,515,616 (see Item 4) | ||
10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐ | ||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.76% (see Item 4) | ||
12 | TYPE OF REPORTING PERSON* HC |
*SEE INSTRUCTION BEFORE FILLING OUT
Item 1(a) | Name of Issuer: |
Brunswick Corporation | |
Item 1(b) | Address of Issuer's Principal Executive Offices: |
26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045-3420 | |
Item 2(a) | Name of Person Filing: |
This statement is filed by: (i) Cantillon Capital Management LLC (“CCM LLC”) with respect to shares of common stock, par value $0.75 per share (“Shares”), of the
Issuer beneficially owned by certain funds and managed accounts advised by CCM LLC or its subsidiary; (ii) Cantillon Management L.P. (“Cantillon Management”) with respect to Shares beneficially owned by CCM LLC; (iii) Cantillon Inc. with
respect to Shares beneficially owned by CCM LLC and Cantillon Management; and (iv) William von Mueffling with respect to Shares beneficially owned directly and by CCM LLC, Cantillon Inc. and Cantillon Management. | |
CCM LLC, Cantillon Inc., Cantillon Management and William von Mueffling have entered into a Joint Filing Agreement, a copy of which is filed with this Schedule 13G
as Exhibit 99.1, pursuant to which they have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k) of the Act. | |
Item 2(b) | Address or Principal Business Office: |
The address of the principal business office of CCM LLC, Cantillon Inc., Cantillon Management and William von Mueffling is 499 Park Avenue, 9th Floor,
New York, NY 10022. | |
Item 2(c) | Citizenship: |
CCM LLC is a Delaware limited liability company. Cantillon Inc. is a Delaware corporation. Cantillon Management is a Delaware limited partnership. Mr. von
Mueffling is a United States citizen. | |
Item 2(d) | Title of Class of Securities: |
Common stock, par value $0.75 per share | |
Item 2(e) | CUSIP Number: |
117043109 | |
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: |
[ ] Broker or dealer registered under Section 15 of the Act; | |
[ ] Bank as defined in Section 3(a)(6) of the Act; | |
[ ] Insurance company as defined in Section 3(a)(19) of the Act; | |
[ ] Investment company registered under Section 8 of the Investment Company Act of 1940; | |
[X] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); * | |
[ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); | |
[X] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); ** | |
[ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |
[ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; | |
[ ] A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); | |
[ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the
type of institution: ____ | |
* CCM LLC is filing as an investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E). | |
** Each of Cantillon Inc., Cantillon Management and Mr. von Mueffling is filing as a parent holding company or control person in accordance with Rule
13d-1(b)(1)(ii)(G). | |
Item 4 | Ownership: |
The percentages used herein are calculated based upon the Shares of common stock issued and outstanding as of November 2, 2020 as reported on the Issuer's quarterly
report on Form 10-Q filed with the Securities and Exchange Commission by the Issuer for the quarterly period ended November 4, 2020. | |
As of the close of business on December 31, 2020: | |
1. Cantillon Capital Management LLC | |
(a) Amount beneficially owned: 4,085,616 | |
(b) Percent of class: 5.22% | |
(c)(i) Sole power to vote or direct the vote: -0- | |
(ii) Shared power to vote or direct the vote: 3,177,504 | |
(iii) Sole power to dispose or direct the disposition: -0- | |
(iv) Shared power to dispose or direct the disposition: 4,085,616 | |
2. Cantillon Inc. | |
(a) Amount beneficially owned: 4,085,616 | |
(b) Percent of class: 5.22% | |
(c)(i) Sole power to vote or direct the vote: -0- | |
(ii) Shared power to vote or direct the vote: 3,177,504 | |
(iii) Sole power to dispose or direct the disposition: -0- | |
(iv) Shared power to dispose or direct the disposition: 4,085,616 | |
3. Cantillon Management L.P. | |
(a) Amount beneficially owned: 4,085,616 | |
(b) Percent of class: 5.22% | |
(c)(i) Sole power to vote or direct the vote: -0- | |
(ii) Shared power to vote or direct the vote: 3,177,504 | |
(iii) Sole power to dispose or direct the disposition: -0- | |
(iv) Shared power to dispose or direct the disposition: 4,085,616 | |
5. William von Mueffling | |
(a) Amount beneficially owned: 4,515,616 | |
(b) Percent of class: 5.76% | |
(c)(i) Sole power to vote or direct the vote: 430,000 | |
(ii) Shared power to vote or direct the vote: 3,177,504 | |
(iii) Sole power to dispose or direct the disposition: 430,000 | |
(iv) Shared power to dispose or direct the disposition: 4,515,616 | |
CCM LLC, Cantillon Inc. and Cantillon Management own no Shares directly. CCM LLC maintains investment and/or voting power with respect to certain funds and managed
accounts advised by it or its indirect subsidiary. Cantillon Management is the managing member of CCM LLC. Cantillon Inc. is the general partner of Cantillon Management. Mr. von Mueffling is the sole shareholder of Cantillon Inc. and
controls each of CCM LLC, Cantillon Inc. and Cantillon Management. By reason of the provisions of Rule 13d-3 of the Securities Exchange Act of 1934, as amended, each of (i) CCM LLC, Cantillon Inc., Cantillon Management and Mr. von
Mueffling may be deemed to beneficially own 4,085,616 Shares (constituting approximately 5.22% of the Shares outstanding) and (ii) Mr. von Mueffling may be deemed to beneficially own 430,000 Shares (constituting approximately 0.55% of the
Shares outstanding). Each of CCM LLC, Cantillon Inc., Cantillon Management and Mr. von Mueffling disclaims beneficial ownership of any of the securities covered by this statement. | |
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. | |
Item 6 | Ownership of More than Five Percent on Behalf of Another Person: |
Not Applicable | |
Item 7 | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: |
See Exhibit 99.2. | |
Item 8 | Identification and Classification of Members of the Group: |
Not Applicable | |
Item 9 | Notice of Dissolution of Group: |
Not Applicable | |
Item 10 | Certification: |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the
ordinary course of business and 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, other than activities solely in connection with a nomination under §240.14a-11. |
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.
Dated: February 8, 2021
CANTILLON CAPITAL MANAGEMENT LLC
By: Cantillon Management L.P., its managing member
By: Cantillon Inc., its general partner
By: /s/ Kevin S. Aarons
Name: Kevin S. Aarons
Title: Authorized Person
CANTILLON MANAGEMENT L.P.
By: Cantillon Inc., its general partner
By: /s/ Kevin S. Aarons
Name: Kevin S. Aarons
Title: Authorized Person
By: /s/ Kevin S. Aarons
Name: Kevin S. Aarons
Title: Authorized Person
/s/ WILLIAM VON MUEFFLING
WILLIAM VON MUEFFLING