| This statement on Schedule 13D relates to the Common Stock, $0.05 par value per share (the “Shares”), of Richardson Electronics, Ltd., a Delaware corporation, (the “Issuer”). The address of the executive offices of the issuer is 40W267 Keslinger Road, P.O. Box 393, La Fox, Illinois 60147-0393. |
| (a-f) This Schedule 13D is being filed by Gates Capital Management, Inc. (the “Management Company”), Jeffrey L. Gates, (“Mr. Gates”), ECF Value Fund, L.P. (“ECF I”), ECF Value Fund II, L.P. (“ECF II”), ECF Value Fund International, Ltd., (“ECF INTL”, and together with ECF I, ECF II, the “Funds”), Gates Capital Partners, L.P (“GCP”, and together with the Management Company, Mr. Gates, ECF I, ECF II, ECF INTL, the “Reporting Persons”). The Management Company is a Delaware corporation that has its principal office at 1177 Avenue of the Americas, 32nd Floor, New York, New York 10036. The principal business of the Management Company is to serve as the investment manager to GCP and the Funds, investing and trading their securities. GCP is the general partner of ECF I and ECF II and has its principal office at 1177 Avenue of the Americas, 32nd Floor, New York, New York 10036. The principle business of GCP is to make the final investment decisions for ECF I and ECF II as their general partner. Mr. Gates, a citizen of the United States of America, has a business address of 1177 Avenue of the Americas, 32nd Floor, New York, New York 10036. His principal occupation is serving as the President of the Management Company. ECF I and ECF II are organized under the laws of Delaware. ECF INTL is organized under the laws of the British Virgin Islands. The business address of ECF I and ECF II is 1177 Avenue of the Americas, 32nd Floor, New York, New York 10036. The business address of ECF INTL is ECF Value Fund International, Ltd., c/o Harneys Westwood & Riegels, Craigmuir Chambers, P.O. Box 71, Road Town, Tortola, British Virgin Islands. The principal business of the Funds is to invest and trade in securities and other financial instruments. During the past five years, none of the Reporting Persons have been convicted in a criminal proceeding, nor were such person a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws |
| As of the date of this 13D, the Reporting Persons beneficially own an aggregate of 2,594,178 Shares, which represent 21.4% of the Issuer’s common stock, based upon the 12,116,669 shares of common stock issued and outstanding in the Form 10-K of the Issuer filed July 26, 2013. Please see Exhibit A for a schedule of transactions. |