UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(AMENDMENT NO. 12)
Under the Securities Exchange Act of 1934
AutoZone, Inc.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
053332-10-2
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(CUSIP Number)
Janice V. Sharry, Esq.
Haynes and Boone, LLP
901 Main Street, Suite 3100
Dallas, Texas 75202
(214) 651-5562
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
December 6, 2001
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(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 Sections 240.13d-1(e), (f) or (g), check the following
box 9.
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. Section 240.13d-7(b) for other
parties to whom copies are to be sent.
*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).
SCHEDULE 13D
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CUSIP No. 053332-10-2
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Partners, L.P.
22-2875193
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
N/A
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
14,187,369
NUMBER OF ------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 14,187,369
------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
29,342,265
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
N/A
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.22% (1)
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14 TYPE OF REPORTING PERSON
PN
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(1) Based on 107,807,339 shares of common stock issued and outstanding as of
October 15, 2001, as disclosed in the Issuer's Annual Report on Form 10-K
for fiscal year ended August 25, 2001, filed with the SEC on November 16,
2001.
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CUSIP No. 053332-10-2
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Limited, a Bermuda corporation
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
N/A
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
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7 SOLE VOTING POWER
3,149,422
NUMBER OF ------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 3,149,422
------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
29,342,265
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
N/A
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.22% (1)
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14 TYPE OF REPORTING PERSON
CO
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(1) Based on 107,807,339 shares of common stock issued and outstanding as of
October 15, 2001, as disclosed in the Issuer's Annual Report on Form 10-K
for fiscal year ended August 25, 2001, filed with the SEC on November 16,
2001.
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CUSIP No. 053332-10-2
- -----------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Institutional Partners, L.P., a Delaware limited
partnership
06-1456821
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
N/A
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
472,997
NUMBER OF ------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 472,997
------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
29,342,265
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
N/A
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.22% (1)
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14 TYPE OF REPORTING PERSON
PN
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(1) Based on 107,807,339 shares of common stock issued and outstanding as of
October 15, 2001, as disclosed in the Issuer's Annual Report on Form 10-K
for fiscal year ended August 25, 2001, filed with the SEC on November 16,
2001.
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CUSIP No. 053332-10-2
- -----------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Investors, L.L.C., a Delaware limited liability
company
13-4095958
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
N/A
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
1,521,365
NUMBER OF ------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 1,521,365
------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
29,342,265
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
N/A
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.22% (1)
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14 TYPE OF REPORTING PERSON
CO
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(1) Based on 107,807,339 shares of common stock issued and outstanding as of
October 15, 2001, as disclosed in the Issuer's Annual Report on Form 10-K
for fiscal year ended August 25, 2001, filed with the SEC on November 16,
2001.
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CUSIP No. 053332-10-2
- -----------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Acres Partners, L.P., a Delaware limited partnership
06-1458694
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
N/A
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
8,395,557
NUMBER OF ------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 8,395,557
------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
29,342,265
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
N/A
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.22% (1)
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14 TYPE OF REPORTING PERSON
PN
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(1) Based on 107,807,339 shares of common stock issued and outstanding as of
October 15, 2001, as disclosed in the Issuer's Annual Report on Form 10-K
for fiscal year ended August 25, 2001, filed with the SEC on November 16,
2001.
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CUSIP No. 053332-10-2
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Marion Partners, L.P., a Delaware limited partnership
06-1527654
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
N/A
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
1,124,840
NUMBER OF ------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 1,124,840
------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
29,342,265
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
N/A
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.22% (1)
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14 TYPE OF REPORTING PERSON
PN
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(1) Based on 107,807,339 shares of common stock issued and outstanding as of
October 15, 2001, as disclosed in the Issuer's Annual Report on Form 10-K
for fiscal year ended August 25, 2001, filed with the SEC on November 16,
2001.
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CUSIP No. 053332-10-2
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- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Blue Macaw Partners, L.P., a Delaware limited partnership
06-1573985
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
N/A
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
488,350
NUMBER OF ------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 488,350
------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
29,342,265
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
N/A
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.22% (1)
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14 TYPE OF REPORTING PERSON
PN
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(1) Based on 107,807,339 shares of common stock issued and outstanding as of
October 15, 2001, as disclosed in the Issuer's Annual Report on Form 10-K
for fiscal year ended August 25, 2001, filed with the SEC on November 16,
2001.
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CUSIP No. 053332-10-2
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edward S. Lampert
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
N/A
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.
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7 SOLE VOTING POWER
2,365
NUMBER OF ------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 2,365
------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
29,342,265
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
N/A
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
27.22% (1)
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14 TYPE OF REPORTING PERSON
IN
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(1) Based on 107,807,339 shares of common stock issued and outstanding as of
October 15, 2001, as disclosed in the Issuer's Annual Report on Form 10-K
for fiscal year ended August 25, 2001, filed with the SEC on November 16,
2001.
This Amendment No. 12 to Schedule 13D (this "Amendment") amends and
supplements the Schedule 13D (as previously amended) filed by ESL Partners,
L.P., a Delaware limited partnership ("ESL"), ESL Limited, a Bermuda corporation
("Limited"), ESL Institutional Partners, L.P., a Delaware limited partnership
("Institutional"), ESL Investors, LLC, a Delaware limited liability company
("Investors"), Acres Partners, L.P., a Delaware limited partnership ("Acres"),
Marion Partners, L.P., a Delaware limited partnership ("Marion"), Blue Macaw
Partners, L.P., a Delaware limited partnership ("Blue Macaw") and Edward S.
Lampert, a U.S. citizen ("Mr. Lampert"), by furnishing the information set forth
below. ESL, Limited, Institutional, Investors, Acres, Marion, Blue Macaw and Mr.
Lampert are collectively defined in this Amendment as the "Filing Persons."
Unless set forth below, all previous Items are unchanged. Capitalized terms used
herein which are not defined herein have the meanings given to them in the
Schedule 13D previously filed with the Securities and Exchange Commission.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is hereby amended as follows:
Mr. Lampert, a director of the Issuer, owns an aggregate of 2,365
Shares, which he received directly from the Issuer pursuant to the Issuer's
director compensation plan.
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 is hereby amended and restated in its entirety as follows:
On December 6, 2001 the Filing Persons sold 1,345,000 Shares in the
aggregate in accordance with the exemption from the registration requirements
of the Securities Act of 1933, as amended (the "1933 Act"), provided by Rule
144 ("Rule 144"). Following this transaction, the Filing Persons continue to
hold 29,342,265 Shares which is approximately 27.22% of the shares outstanding
as of October 15, 2001 as disclosed in the Issuer's Annual Report on Form 10-K
for the fiscal year ended August 25, 2001, filed with the SEC on November 16,
2001.
The Filing Persons initially purchased Shares in 1997. The Filing
Persons conducted this sale as a means of diversifying its portfolio holdings.
Edward S. Lampert, a member of the Filing Persons, continues to serve as a
Director of the Issuer.
ESL Investments, Inc., on behalf of itself and its affiliates
(including the Filing Persons) entered into a letter agreement, dated October
10, 2000, with the Issuer in connection with the Board of Directors' decision to
terminate a rights plan which was adopted earlier that year. This letter
agreement provides that to the extent the Filing Persons acquire additional
shares of the Company after October 20, 2000 (the date the rights plan expired)
and before April 1, 2004, the Filing Persons have agreed to not vote (or issue
written consents with respect to) such shares prior to April 1, 2004, unless the
Board of Directors otherwise permits. The Filing Persons are currently entitled
to vote 20,781,902 shares or 19.28% of the shares, which were reported as
outstanding as of October 15, 2001.
The Filing Persons intend to review on a continuing basis their
investment in the Issuer. Depending upon the factors discussed below, the Filing
Persons may acquire additional Shares; may sell all or part of their Shares,
pursuant to Rule 144, in privately negotiated transactions, or in sales
registered under the 1933 Act; may distribute Shares to various of its partners;
or may engage in any combination of the foregoing. Further, the Filing Persons
may enter into derivative transactions or alternative structures with respect to
the Shares. Any open market or privately negotiated purchases, sales,
distributions or other transactions may be made at any time without additional
prior notice.
Any alternative that the Filing Persons may pursue will depend upon a
variety of factors, including without limitation, current and anticipated future
trading prices of the Shares, the financial condition, results of operations and
prospects of the Issuer and general economic, financial market and industry
conditions, other investment and business opportunities available to the Filing
Persons, general stock market and economic conditions, tax considerations and
other factors.
Although the foregoing reflects activities presently contemplated by
the Filing Persons with respect to the Issuer, the foregoing is subject to
change at any time, and there can be no assurance that any of the Filing Persons
will take any of the actions set forth above. Except as set forth above, the
Filing Persons have no plans or proposals with respect to any of the matters set
forth in paragraphs (a) through (j) of Item 4 of Schedule
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby amended in its entirety as follows:
(a) Pursuant to that certain Joint Filing Agreement, entered into by
and among the Filing Persons, dated as of January 29, 2001 (incorporated herein
by reference to Exhibit 1 to Amendment No. 7 to Schedule 13D, filed on January
29, 2001), each of ESL, Limited, Institutional, Investors, Acres, Marion, Blue
Macaw and Mr. Lampert may be deemed to beneficially own 29,342,265 Shares (which
is approximately 27.22% of the Shares outstanding as of October 15, 2001, as
disclosed in the Issuer's Annual Report on Form 10-K for the fiscal year ended
August 25, 2001, filed with the SEC on November 16, 2001.).
(b)
Sole Shared Sole Shared
Voting Voting Dispositive Dispositive
Power Power Power Power
--------------- ------------ ---------------- ---------------
ESL Partners, L.P. 14,187,369 0 14,187,369 0
ESL Limited 3,149,422 0 3,149,422 0
ESL Institutional Partners, L.P. 472,997 0 472,997 0
ESL Investors, L.L.C. 1,521,365 0 1,521,365 0
Acres Partners, L.P. 8,395,557 0 8,395,557 0
Marion Partners, L.P. 1,124,840 0 1,124,840 0
Blue Macaw Partners, L. P. 488,350 0 488,350 0
Edward S. Lampert 2,365 0 2,365 0
(c) Since the most recent filing on Schedule 13D, the only transactions
in the Shares by Mr. Lampert were an additional 441 Shares issued to Mr. Lampert
pursuant to Mr. Lampert's role as a director of the Issuer since December 9,
1999, and pursuant to the Issuer's director compensation plan. Since the most
recent filing on Schedule 13D, there have been no other transactions in the
Shares by any of the Filing Persons, other than as set forth in this Item 5 and
in Schedule A attached hereto and incorporated herein by reference.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment is true, complete and
correct.
Date: December 6, 2001
ESL PARTNERS, L.P.
By: RBS Partners, L.P., its general
partner
By: ESL Investments, Inc., its
general partner
By: /s/ Edward S. Lampert
---------------------------
Edward S. Lampert
Chairman
ESL LIMITED
By: ESL Investment Management, LLC,
its investment manager
By: /s/ Edward S. Lampert
---------------------------
Edward S. Lampert
Managing Member
ESL INSTITUTIONAL PARTNERS, L.P.
By: RBS Investment Management, LLC,
its general partner
By: /s/ Edward S. Lampert
---------------------------
Edward S. Lampert
Managing Member
ESL INVESTORS, L.L.C.
By: RBS Partners, L.P., its manager
By: ESL Investments, Inc., its
general partner
By: /s/ Edward S. Lampert
--------------------------
Edward S. Lampert
Chairman
ACRES PARTNERS, L.P.
By: ESL Investments, Inc., its
general partner
By: /s/ Edward S. Lampert
--------------------------
Edward S. Lampert
Chairman
MARION PARTNERS, L.P.
By: ESL Investments, Inc., its
general partner
By: /s/ Edward S. Lampert
--------------------------
Edward S. Lampert
Chairman
BLUE MACAW PARTNERS, L.P.
By: ESL Investments, Inc., its
general partner
By: /s/ Edward S. Lampert
---------------------------
Edward S. Lampert
Chairman
/s/ Edward S. Lampert
------------------------------------
EDWARD S. LAMPERT
SCHEDULE A
TRANSACTIONS IN THE SHARES IN THE PAST SIXTY DAYS OR
SINCE THE MOST RECENT FILING OF SCHEDULE 13D
IN THE PAST 60 DAYS OR SINCE THE MOST RECENT FILING OF SCHEDULE 13D BY THE
FILING PERSONS, THE ONLY TRANSACTIONS IN THE SHARES BY ESL WERE:
Shares Price
Date of Sale Sold Per Share
------------ ------ ---------
12/06/01 581,650 $77.6645
IN THE PAST 60 DAYS OR SINCE THE MOST RECENT FILING OF SCHEDULE 13D BY THE
FILING PERSONS, THE ONLY TRANSACTIONS IN THE SHARES BY LIMITED WERE:
Shares Price
Date of Sale Sold Per Share
------------ ------ ---------
12/06/01 330,577 $77.6645
IN THE PAST 60 DAYS OR SINCE THE MOST RECENT FILING OF SCHEDULE 13D BY THE
FILING PERSONS, THE ONLY TRANSACTIONS IN THE SHARES BY INSTITUTIONAL WERE:
Shares Price
Date of Sale Sold Per Share
------------ ------ ---------
12/06/01 32,560 $77.6645
IN THE PAST 60 DAYS OR SINCE THE MOST RECENT FILING OF SCHEDULE 13D BY THE
FILING PERSONS, THE ONLY TRANSACTIONS IN THE SHARES BY ACRES WERE:
Shares Price
Date of Sale Sold Per Share
------------ ------ ---------
12/06/01 400,213 $77.6645