UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 8)
ASSET ACCEPTANCE CAPITAL CORP. (AACC)
(Name of Issuer)
(Title of Class of Securities)
04543P100
(CUSIP Number)
David Nierenberg
The D3 Family Funds
19605 NE 8th Street
Camas, WA 98607
(360) 604-8600
With a copy to:
Christopher P. Davis
Kleinberg, Kaplan, Wolff & Cohen, P.C.
551 Fifth Avenue
New York, NY 10176
(212) 986-6000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
(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 §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box Ô.
1 | NAME OF REPORTING PERSONS The D3 Family Fund, L.P. |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] |
3 | SEC USE ONLY |
4 | SOURCE OF FUNDS (See Instructions) WC |
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Washington |
NUMBER OF SHARES BENEFICIALLY | 7 | SOLE VOTING POWER 0 |
OWNED BY EACH REPORTING | 8 | SHARED VOTING POWER 645,234 common shares (2.1%) |
PERSON WITH | 9 | SOLE DISPOSITIVE POWER 0 |
| 10 | SHARED DISPOSITIVE POWER 645,234 |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON For the reporting person listed on this page, 645,234; for all reporting persons as a group, 4,376,030 shares (14.2%) |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) For the reporting person listed on this page, 2.1%; for all reporting persons as a group, 14.2%. |
14 | TYPE OF REPORTING PERSON (See Instructions) PN |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) The D3 Family Bulldog Fund, L.P. |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] |
3 | SEC USE ONLY |
4 | SOURCE OF FUNDS (See Instructions) WC |
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Washington |
NUMBER OF SHARES BENEFICIALLY | 7 | SOLE VOTING POWER 0 |
OWNED BY EACH REPORTING | 8 | SHARED VOTING POWER 2,600,351 common shares (8.5%) |
PERSON WITH | 9 | SOLE DISPOSITIVE POWER 0 |
| 10 | SHARED DISPOSITIVE POWER 2,600,351 |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON For the reporting person listed on this page, 2,600,351; for all reporting persons as a group, 4,376,030 shares (14.2%) |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) For the reporting person listed on this page, 8.5%; for all reporting persons as a group 14.2% |
14 | TYPE OF REPORTING PERSON (See Instructions) PN |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) The D3 Family Canadian Fund, L.P. |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] |
3 | SEC USE ONLY |
4 | SOURCE OF FUNDS (See Instructions) WC |
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Washington |
NUMBER OF SHARES BENEFICIALLY | 7 | SOLE VOTING POWER 0 |
OWNED BY EACH REPORTING | 8 | SHARED VOTING POWER 406,103 common shares (1.3%) |
PERSON WITH | 9 | SOLE DISPOSITIVE POWER 0 |
| 10 | SHARED DISPOSITIVE POWER 406,103 |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON For the reporting person listed on this page, 406,103; for all reporting persons as a group, 4,376,030 shares (14.2%) |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) For the reporting person listed on this page, 1.3%; for all reporting persons as a group 14.2% |
14 | TYPE OF REPORTING PERSON (See Instructions) PN |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) The DIII Offshore Fund, L.P. |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] |
3 | SEC USE ONLY |
4 | SOURCE OF FUNDS (See Instructions) WC |
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Bahamas |
NUMBER OF SHARES BENEFICIALLY | 7 | SOLE VOTING POWER 0 |
OWNED BY EACH REPORTING | 8 | SHARED VOTING POWER 724,342 common shares (2.4%) |
PERSON WITH | 9 | SOLE DISPOSITIVE POWER 0 |
| 10 | SHARED DISPOSITIVE POWER 724,342 |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON For the reporting person listed on this page, 724,342; for all reporting persons as a group, 4,376,030 shares (14.2%) |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) For the reporting person listed on this page, 2.4%; for all reporting persons as a group 14.2% |
14 | TYPE OF REPORTING PERSON (See Instructions) PN |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Nierenberg Investment Management Company, Inc. |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] |
3 | SEC USE ONLY |
4 | SOURCE OF FUNDS (See Instructions) AF |
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Washington |
NUMBER OF SHARES BENEFICIALLY | 7 | SOLE VOTING POWER 0 |
OWNED BY EACH REPORTING | 8 | SHARED VOTING POWER 4,376,030 common shares (14.2%) |
PERSON WITH | 9 | SOLE DISPOSITIVE POWER 0 |
| 10 | SHARED DISPOSITIVE POWER 4,376,030 |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON For the reporting person listed on this page, 4,376,030; for all reporting persons as a group, 4,376,030 shares (14.2%) |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) For the reporting person listed on this page, 14.2%; for all reporting persons as a group 14.2% |
14 | TYPE OF REPORTING PERSON (See Instructions) CO |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) Nierenberg Investment Management Offshore, Inc. |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] |
3 | SEC USE ONLY |
4 | SOURCE OF FUNDS (See Instructions) AF |
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Bahamas |
NUMBER OF SHARES BENEFICIALLY | 7 | SOLE VOTING POWER 0 |
OWNED BY EACH REPORTING | 8 | SHARED VOTING POWER 724,342 common shares (2.4%) |
PERSON WITH | 9 | SOLE DISPOSITIVE POWER 0 |
| 10 | SHARED DISPOSITIVE POWER |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON For the reporting person listed on this page, 724,342; for all reporting persons as a group, 4,376,030 shares (14.2%) |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) For the reporting person listed on this page, 2.4%; for all reporting persons as a group 14.2% |
14 | TYPE OF REPORTING PERSON (See Instructions) CO |
1 | NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only) David Nierenberg |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [X] (b) [ ] |
3 | SEC USE ONLY |
4 | SOURCE OF FUNDS (See Instructions) AF |
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION United States of America |
NUMBER OF SHARES BENEFICIALLY | 7 | SOLE VOTING POWER 0 |
OWNED BY EACH REPORTING | 8 | SHARED VOTING POWER 4,376,030 common shares (14.2%) |
PERSON WITH | 9 | SOLE DISPOSITIVE POWER 0 |
| 10 | SHARED DISPOSITIVE POWER 4,376,030 |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON For the reporting person listed on this page, 4,376,030; for all reporting persons as a group, 4,376,030 shares (14.2%) |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) For the reporting person listed on this page, 14.2%; for all reporting persons as a group 14.2% |
14 | TYPE OF REPORTING PERSON (See Instructions) IN |
This Amendment No. 8 to Schedule 13D (this “Amendment”) amends the below-indicated Items from the Schedule 13D with respect to the shares of common stock (the “Common Stock”) of Asset Acceptance Capital Corp. (the “Issuer”) previously filed by or on behalf of the Reporting Persons (as defined below), as previously amended (collectively the “Schedule 13D”), by supplementing such Items with the information below.
The names of the persons filing this Amendment (collectively, the “Reporting Persons”) are: The D3 Family Fund, L.P. (the “Family Fund”), The D3 Family Bulldog Fund, L.P. (the “Bulldog Fund”), The D3 Family Canadian Fund, L.P. (the “Canadian Fund”), The DIII Offshore Fund, L.P. (the “Offshore Fund”), Nierenberg Investment Management Company, Inc. (“NIMCO”), Nierenberg Investment Management Offshore, Inc. (“NIMO”) and David Nierenberg (“Mr. Nierenberg”).
Item 5. Interest in Securities of the Issuer.
(a) The Reporting Persons, in the aggregate, beneficially own 4,376,030 shares of Common Stock, constituting approximately 14.2% of the outstanding shares of Common Stock.
(b) The Family Fund, NIMCO and Mr. Nierenberg have shared power (i) to vote or direct the vote of, and (ii) to dispose or direct the disposition of, the 645,234 shares of Common Stock held by the Family Fund.
The Bulldog Fund, NIMCO and Mr. Nierenberg have shared power (i) to vote or direct the vote of, and (ii) to dispose or direct the disposition of, the 2,600,351 shares of Common Stock held by the Bulldog Fund.
The Canadian Fund, NIMCO and Mr. Nierenberg have shared power (i) to vote or direct the vote of, and (ii) to dispose or direct the disposition of, the 406,103 shares of Common Stock held by the Canadian Fund.
The Offshore Fund, NIMO, NIMCO and Mr. Nierenberg have shared power (i) to vote or direct the vote of, and (ii) to dispose or direct the disposition of, the 724,342 shares of Common Stock held by the Offshore Fund.
(c) During the past 60 days the following sales of shares of Common Stock were made by the Reporting Persons named below in open market transactions:
Fund | Trade Date | Shares Sold | Price |
D3 Family Fund, LP | 4/12/2013 | 25,803 | 6.50 |
D3 Family Bulldog Fund, LP | 4/12/2013 | 103,990 | 6.50 |
D3 Family Canadian Fund, LP | 4/12/2013 | 16,240 | 6.50 |
DIII Offshore Fund, LP | 4/12/2013 | 28,967 | 6.50 |
D3 Family Fund, LP | 4/16/2013 | 37,670 | 6.51 |
D3 Family Bulldog Fund, LP | 4/16/2013 | 151,811 | 6.51 |
D3 Family Canadian Fund, LP | 4/16/2013 | 23,709 | 6.51 |
DIII Offshore Fund, LP | 4/16/2013 | 42,288 | 6.51 |
D3 Family Fund, LP | 4/17/2013 | 23,091 | 6.50 |
D3 Family Bulldog Fund, LP | 4/17/2013 | 93,061 | 6.50 |
D3 Family Canadian Fund, LP | 4/17/2013 | 14,533 | 6.50 |
DIII Offshore Fund, LP | 4/17/2013 | 25,923 | 6.50 |
D3 Family Fund, LP | 4/18/2013 | 22,595 | 6.51 |
D3 Family Bulldog Fund, LP | 4/18/2013 | 91,061 | 6.51 |
D3 Family Canadian Fund, LP | 4/18/2013 | 14,221 | 6.51 |
DIII Offshore Fund, LP | 4/18/2013 | 25,366 | 6.51 |
D3 Family Fund, LP | 4/19/2013 | 850 | 6.50 |
D3 Family Bulldog Fund, LP | 4/19/2013 | 3,426 | 6.50 |
D3 Family Canadian Fund, LP | 4/19/2013 | 535 | 6.50 |
DIII Offshore Fund, LP | 4/19/2013 | 955 | 6.50 |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in the Statement is true, complete and correct.
| D3 Family Fund, L.P., D3 Family Bulldog Fund, L.P., and D3 Family Canadian Fund, L.P. |
| |
| By: Nierenberg Investment Management Company, Inc. |
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| Its: General Partner |
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April 19, 2013 | By: /s/ David Nierenberg |
| David Nierenberg, President |
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| DIII Offshore Fund, L.P. |
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| By: Nierenberg Investment Management Offshore, Inc. |
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| Its: General Partner |
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April 19, 2013 | By: /s/ David Nierenberg |
| David Nierenberg, President |
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| Nierenberg Investment Management Company, Inc. |
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April 19, 2013 | By: /s/ David Nierenberg |
| David Nierenberg, President |
| |
| |
| Nierenberg Investment Management Offshore, Inc. |
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April 19, 2013 | By: /s/ David Nierenberg |
| David Nierenberg, President |
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April 19, 2013 | /s/ David Nierenberg |
| David Nierenberg |