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RICHARDSON ELECTRONICS, LTD. — Major Shareholding Notification 2005
Oct 19, 2005
33958_mrq_2005-10-19_0445a4c2-6c00-4f5f-b559-236680b92a93.zip
Major Shareholding Notification
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SC 13G 1 d29496asc13g.htm SCHEDULE 13G sc13g PAGEBREAK
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934 (Amendment No. )*
Richardson Electronics, Ltd.
(Name of Issuer)
Common Stock, par value $.05 per share
(Title of Class of Securities)
763165107
(CUSIP Number)
June 27, 2005
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o Rule 13d-1 (b)
þ Rule 13d-1 (c)
o Rule 13d-1 (d)
*The remainder of this cover page shall be filled out for a reporting persons 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 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).
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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| 13G — CUSIP No. 763165107 | 36-2096643 | ||
|---|---|---|---|
| 1. | Name of Reporting Person: EagleRock Capital Management, LLC | I.R.S. Identification Nos. of above persons (entities only): 36-2096643 | |
| 2. | Check the Appropriate Box if a Member of a Group: | ||
| (a) | o | ||
| (b) | o | ||
| 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: 973,201 | ||
| 6. | Shared Voting Power: 0 | ||
| 7. | Sole Dispositive Power: 973,201 | ||
| 8. | Shared Dispositive Power: 0 | ||
| 9. | Aggregate | ||
| Amount Beneficially Owned by Each Reporting Person: 973,201 | |||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares: o | ||
| 11. | Percent | ||
| of Class Represented by Amount in Row (9): 6.8%** | |||
| 12. | Type of Reporting Person:* OO |
- SEE INSTRUCTIONS BEFORE FILLING OUT **SEE ITEM 4(b).
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| 13G | |||
|---|---|---|---|
| CUSIP No. 763165107 | |||
| 1. | Name of Reporting Person: Nader Tavakoli | I.R.S. Identification Nos. of above persons (entities only): | |
| 2. | Check the Appropriate Box if a Member of a Group: | ||
| (a) | o | ||
| (b) | o | ||
| 3. | SEC Use Only: | ||
| 4. | Citizenship or Place of Organization: U.S. Citizen | ||
| Number of Shares Beneficially Owned by Each Reporting Person With | |||
| 5. | Sole Voting | ||
| Power: 1,018,757 | |||
| 6. | Shared Voting Power: 0 | ||
| 7. | Sole Dispositive Power: 1,018,757 | ||
| 8. | Shared Dispositive Power: 0 | ||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person: 1,018,757 | ||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares: o | ||
| 11. | Percent | ||
| of Class Represented by Amount in Row (9): 7.1%** | |||
| 12. | Type of Reporting Person: IN |
- SEE INSTRUCTIONS BEFORE FILLING OUT **SEE ITEM 4(b).
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SCHEDULE 13G
This Schedule 13G (the Schedule 13G) is being filed on behalf of EagleRock Capital Management, LLC, a Delaware limited liability company ( EagleRock Capital), and Mr. Nader Tavakoli the principal of EagleRock, relating to shares of Common Stock, par value $0.05 per share (the Common Stock), of Richardson Electronics, Ltd., a Delaware corporation (the Issuer).
This Schedule 13G relates to Common Stock of the Issuer purchased by Nader Tavakoli and EagleRock Capital for the account of EagleRock Master Fund, LP (ERMF), a Cayman Islands limited partnership, EagleRock Institutional Partners LP (ERIP), a Delaware limited partnership, and Nader Tavakoli. EagleRock Master Fund, LP holds 727,866 shares of Common Stock of the Issuer for the accounts of EagleRock Capital Partners, L.P., EagleRock Capital Partners (QP), LP, both Delaware limited partnerships, and EagleRock Capital Partners Offshore Fund, Ltd. (together the Capital Funds). EagleRock Institutional Partners LP holds 245,335 shares of Common Stock. Nader Tavakoli holds 45,556 shares of Common Stock individually. EagleRock Capital acts as investment manager to each of the Capital Funds, ERMF and ERIP, and Mr. Tavakoli, as manager of EagleRock Capital, controls the investment decisions of EagleRock Capital.
| Item 1(a) | Name of Issuer. |
|---|---|
| Richardson Electronics, Ltd. | |
| Item 1(b) | Address of Issuers Principal Executive Offices. |
| P.O. Box 393 40W267 Keslinger Road LaFox, IL 60147-0393 | |
| Item 2(a) | Name of Person Filing. |
| EagleRock Capital Management, LLC and Nader Tavakoli. | |
| Item 2(b) | Address of Principal Business Office, or, if none, Residence. |
| 551 Fifth Avenue, 34 th Floor New York, New York 10176 | |
| Item 2(c) | Citizenship or Place of Organization. |
| EagleRock Capital is a limited liability company organized under | |
| the laws of the state of Delaware. Nader Tavakoli is the Manager | |
| of EagleRock Capital and is a United States citizen. | |
| Item 2(d) | Title of Class of Securities. |
| Common Stock, par value $.05 per share (the Common Stock). |
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| Item 2(e) | CUSIP Number. |
|---|---|
| 763165107 | |
| Item 3 | Reporting Person. |
| Inapplicable. | |
| Item 4 | Ownership . |
| (a) | EagleRock Capital is the beneficial owner of 973,201 shares of
Common Stock and Mr. Tavakoli is the beneficial owner of
1,018,757 shares of
Common Stock. |
| --- | --- |
| (b) | EagleRock Capital is the beneficial owner of 6.8% and Mr.
Tavakoli is the beneficial owner of 7.1% of the outstanding shares of Common
Stock. This percentage is determined by dividing the number of shares
beneficially held by each reporting person by 14,290,918, the number of shares
of Common Stock issued and outstanding as of October 11, 2005, as reported in
the Issuers quarterly report on Form 10-Q for the quarter ending September 3,
2005. |
| (c) | EagleRock Capital, as the investment manager of EagleRock
Master Fund, LP and EagleRock Institutional Partners LP, has the sole power to
vote and dispose of the 973,201 shares of Common Stock held by EagleRock Master
Fund and EagleRock Institutional Partners LP. As the Manager of EagleRock
Capital, Mr. Tavakoli may direct the voting and disposition of
the 1,018,757 shares of Common Stock held by EagleRock Master Fund, LP, EagleRock
Institutional Partners LP and Nader Tavakoli. |
| Item 5 | Ownership of Five Percent or Less of a Class. |
|---|---|
| Inapplicable. | |
| Item 6 | Ownership of More Than Five Percent on Behalf of Another Person. |
| Inapplicable. | |
| Item 7 | Identification and Classification of the Subsidiary which Acquired |
| the Security Being Reported On by the Parent Holding Company. | |
| Inapplicable. | |
| Item 8 | Identification and Classification of Members of the Group. |
| Inapplicable. |
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| Item 9 | Notice of Dissolution of Group. |
|---|---|
| Inapplicable. | |
| Item 10 | 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. | |
| Exhibits | Exhibit 99.1 |
| Joint Filing Agreement dated | |
| October 19, 2005 between EagleRock Capital Management | |
| and Nader Tavakoli. |
[Signature Page Follows]
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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.
Date: October 19, 2005
| EagleRock Capital Management, LLC | |
|---|---|
| By: | /s/ Nader Tavakoli |
| Nader Tavakoli, Managing Member |
| /s/ Nader Tavakoli |
|---|
| Nader Tavakoli |
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