This Amendment No. 6 (“Amendment No. 6”) amends and supplements the Schedule 13D originally filed by Meadow Valley Parent Corp., a Delaware corporation (“Meadow Valley Parent”), Meadow Valley Solutions LLC, a Delaware limited liability company (“Meadow Valley Solutions”), Meadow Valley Resources LLC, a Texas limited liability company (“Meadow Valley Resources”), Meadow Valley Holdings LLC, a Delaware limited liability company (“Meadow Valley Holdings”), Insight Equity I LP, a Delaware limited partnership (“Insight Equity”), Insight Equity GP I LP, a Delaware limited partnership (“Insight Equity GP”), Insight Equity Holdings I LLC, a Delaware limited liability company (“Insi ght Equity Holdings I”), Insight Equity Holdings LLC, a Texas limited liability company (“Insight Equity Holdings”), Bradley E. Larson, a citizen of the United States of America, Kenneth D. Nelson, a citizen of the United States of America, and Robert W. Bottcher, a citizen of the United States of America (collectively, the “Reporting Persons”)1 on February 5, 2009 (the “Initial Statement”), as amended by Amendment No. 1 thereto (“Amendment No. 1”) filed on March 17, 2009, Amendment No. 2 thereto (“Amendment No. 2”) filed on June 18, 2009, Amendment No. 3 thereto (“Amendment No. 3”) filed on February 1, 2010, Amendment No 4. thereto (“Amendment No. 4”) filed on May 12, 2010, and Amendment No. 5 thereto (“Amendment No. 5”) filed on July 12, 2010, with respect to the common stock, par value $0.001 per share (the “Comm on Stock”), of RMX Holdings, Inc. f/k/a Ready Mix, Inc. (the “Issuer” or “RMX”). The Initial Statement, as amended by Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5 and this Amendment No. 6, is referred to herein as the “Schedule 13D.” The Reporting Persons have entered into a Joint Filing Agreement, dated as of August 25, 2010, a copy of which is attached as Exhibit 99.1 hereto. Capitalized terms used but not defined in this Amendment No. 6 shall have the meanings given in the Initial Statement.
Item 4. Purpose of Transaction.
Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following information:
On August 24, 2010, Meadow Valley Parent sent a letter (the “Letter”) to the board of directors (the “Board”) of the Issuer responding to a letter, dated August 10, 2010, from the Chairman of the Special Committee of the Board. In the Letter, Meadow Valley Parent clarified that at no time prior to August 24, 2010 had it determined to amend its offer set forth in its letter dated July 9, 2010 where it declared its support of a reverse stock split cashing out fractional shares at a price of $0.40 per share, subject to certain adjustments. Meadow Valley Parent then indicated that, taking into account the recent decision of the Board to declare an extraordinary cash dividend, Meadow Valley Parent had now determined that it would support paying stockholders cash in lieu of fractional shares at a price of $0.59 per share, subject to an adjustment based on interim organizational expenses, contingent liabilities and other expenses. Meadow Valley Parent urged the Board to accept its revised offer with respect to a reverse stock split, but indicated that it would not object to an expeditious liquidation process pursuant to which the Issuer is able to monetize its remaining assets and provide stockholders with a return in excess of that which would be realized through the proposed reverse stock split.
In view of the recent delisting of the Common Stock from the NYSE AMEX LLC and the Issuer’s lack of ongoing business activity, Meadow Valley Parent also encouraged the Board to undertake immediate action to substantially eliminate payments of director compensation and evaluate the possibility of going dark in an effort to cease its public reporting obligations and eliminate the associated costs. Meadow Valley Parent reiterated its interest in protecting its remaining investment in the Issuer and stated that it would consider taking action to, among other things, amend the Issuer’s bylaws in support of the same.
If successful, completion of the proposed reverse stock split transaction described above would, among other things, (i) cause Meadow Valley Parent to become the sole stockholder of the Issuer, (ii) cause the Common Stock to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association, (iii) cause the Common Stock to become eligible for termination of registration pursuant to Section 12 of the Securities Exchange Act of 1934, as amended, and (iv) result in a change to the current composition of the Board. If successful, completion of the proposed liquidation process described above would, among other things, (i) cause a liquidation involving the Issuer, (ii) cause the Common Stock to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association and (iii) cause the Common Stock to become eligible for termination of registration pursuant to Section 12 of the Securities Exchange Act of 1934, as amended.