SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13D - 102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
(Amendment No. )*
The Pep Boys—Manny, Moe & Jack
(Name of Issuer)
Common Stock, $1.00 par value
(Title of Class of Securities)
713278 10 9
(CUSIP Number)
June 15, 2015
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[ ] Rule 13d-1(b)
[x] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 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).
1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
| |
| Glenhill Advisors, LLC |
| |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
| |
| (a) [ ] |
| (b) [ ] |
| |
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 |
| |
| 2,751,586 |
| |
6. | SHARED VOTING POWER |
| |
| 0 |
| |
7. | SOLE DISPOSITIVE POWER |
| |
| 2,751,586 |
| |
8. | SHARED DISPOSITIVE POWER |
| |
| 0 |
| |
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| |
| 2,751,586 |
| |
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] |
| |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| |
| 5.1% |
| |
12. | TYPE OF REPORTING PERSON |
| |
| IA, HC |
1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
| |
| Glenn J. Krevlin |
| |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
| |
| (a) [ ] |
| (b) [ ] |
| |
3. | SEC USE ONLY |
| |
4. | CITIZENSHIP OR PLACE OF ORGANIZATION |
| |
| United States |
| |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
| |
5. | SOLE VOTING POWER |
| |
| 2,799,986 |
| |
6. | SHARED VOTING POWER |
| |
| 553,116 |
| |
7. | SOLE DISPOSITIVE POWER |
| |
| 2,799,986 |
| |
8. | SHARED DISPOSITIVE POWER |
| |
| 553,116 |
| |
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| |
| 3,353,102 |
| |
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] |
| |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| |
| 6.2% |
| |
12. | TYPE OF REPORTING PERSON |
| |
| IN, HC |
1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
| |
| Glenhill Capital Advisors, LLC |
| |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
| |
| (a) [ ] |
| (b) [ ] |
| |
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 |
| |
| 2,751,586 |
| |
6. | SHARED VOTING POWER |
| |
| 553,116 |
| |
7. | SOLE DISPOSITIVE POWER |
| |
| 2,751,586 |
| |
8. | SHARED DISPOSITIVE POWER |
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| 553,116 |
| |
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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| 3,304,702 |
| |
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] |
| |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| |
| 6.1% |
| |
12. | TYPE OF REPORTING PERSON |
| |
| IA |
1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
| |
| Glenhill Capital Management, LLC |
| |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
| |
| (a) [ ] |
| (b) [ ] |
| |
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 |
| |
| 0 |
| |
6. | SHARED VOTING POWER |
| |
| |
| |
7. | SOLE DISPOSITIVE POWER |
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| 0 |
| |
8. | SHARED DISPOSITIVE POWER |
| |
| |
| |
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| |
| 2,751,586 |
| |
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] |
| |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| |
| 5.1% |
| |
12. | TYPE OF REPORTING PERSON |
| |
| IA, HC |
1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
| |
| Glenhill Capital Overseas Master Fund, LP |
| |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
| |
| (a) [ ] |
| (b) [ ] |
| |
3. | SEC USE ONLY |
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4. | CITIZENSHIP OR PLACE OF ORGANIZATION |
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| Cayman Islands |
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
| |
5. | SOLE VOTING POWER |
| |
| 0 |
| |
6. | SHARED VOTING POWER |
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| 2,389,056 |
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7. | SOLE DISPOSITIVE POWER |
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| 0 |
| |
8. | SHARED DISPOSITIVE POWER |
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| 2,389,056 |
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9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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| 2,389,056 |
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10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] |
| |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
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| 4.4% |
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12. | TYPE OF REPORTING PERSON |
| |
| PN |
1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
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| Glenhill Long Fund, LP |
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2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
| |
| (a) [ ] |
| (b) [ ] |
| |
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 |
| |
| 0 |
| |
6. | SHARED VOTING POWER |
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| 362,530 |
| |
7. | SOLE DISPOSITIVE POWER |
| |
| 0 |
| |
8. | SHARED DISPOSITIVE POWER |
| |
| 362,530 |
| |
9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| |
| 362,530 |
| |
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] |
| |
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) |
| |
| Less than 1% |
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12. | TYPE OF REPORTING PERSON |
| |
| PN |
Item 1(a). | Name of Issuer: |
The Pep Boys—Manny, Moe & Jack (the “Issuer”)
Item 1(b). | Address of Issuer’s Principal Executive Offices: |
3111 West Allegheny Avenue
Philadelphia, PA 19132
Item 2(a). | Name of Persons Filing: |
Glenhill Advisors, LLC, Glenn J. Krevlin, Glenhill Capital Advisors, LLC, Glenhill Capital Management, LLC, Glenhill Capital Overseas Master Fund, LP and Glenhill Long Fund, LP. (collectively, the “Reporting Persons”).
Glenn J. Krevlin is the managing member and control person of Glenhill Advisors, LLC, and is the sole shareholder of the managing member of Glenhill Capital Advisors, LLC, the investment manager of Glenhill Capital Overseas Master Fund, LP and Glenhill Long Fund, LP.
Glenhill Advisors, LLC is the managing member of Glenhill Capital Management, LLC. Glenhill Capital Management, LLC is the sole shareholder of the general partner of Glenhill Capital Overseas Master Fund, LP and the managing member of the general partner of Glenhill Long Fund, LP.
Glenhill Capital Advisors, LLC is also the investment manager for certain third party accounts (the “Managed Accounts”) for which shares of the Issuer are held and managed by one or more of the Reporting Persons for the benefit of such third parties. Such Reporting Persons have dispositive power and share certain voting power with respect to such shares, and receive management fees and performance-related fees in connection therewith.
By virtue of these relationships, each of Glenhill Advisors, LLC, Glenn J. Krevlin, Glenhill Capital Advisors, LLC and Glenhill Capital Management, LLC may be deemed to beneficially own the shares of Common Stock beneficially owned by Glenhill Capital Overseas Master Fund, LP and Glenhill Long Fund, LP. By virtue of these relationships, each of Glenn J. Krevlin and Glenhill Capital Advisors, LLC may be deemed to beneficially own the shares of Common Stock beneficially owned by the Managed Accounts.
Item 2(b). | Address of Principal Business Office or, if None, Residence: |
The principal business address of each of the Reporting Persons is 600 Fifth Avenue, 11th Floor, New York, NY 10020.
Each of Glenhill Advisors, LLC, Glenhill Capital Advisors, LLC, Glenhill Capital Management, LLC and Glenhill Long Fund, LP is organized under the laws of the State of Delaware. Glenhill Capital Overseas Master Fund, LP is organized under the laws of the Cayman Islands. Glenn J. Krevlin is a citizen of the United States of America.
Item 2(d). | Title of Class of Securities: |
Common Stock, $1.00 par value (the “Common Stock”)
713278 10 9
Item 3. | If This Statement is Filed Pursuant to Rule 13d 1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: |
| (a) | [ ] | Broker or dealer registered under Section 15 of the Exchange Act. |
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| (b) | [ ] | Bank as defined in Section 3(a)(6) of the Exchange Act. |
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| (c) | [ ] | Insurance company defined in Section 3(a)(19) of the Exchange Act. |
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| (d) | [ ] | Investment company registered under Section 8 of the Investment Company Act. |
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| (e) | [ ] | Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E). |
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| (f) | [ ] | Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). |
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| (g) | [ ] | Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G). |
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| (h) | [ ] | Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. |
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| (i) | [ ] | Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; |
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| (j) | [ ] | Non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J). |
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| (k) | [ ] | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____ |
Provide the following information regarding the aggregate number and percentage of the class of securities of the Issuer.
| (a) | Amount beneficially owned: |
See Cover Pages Item 9, which reflects the beneficial ownership of the Reporting Persons as of the close of business on June 12, 2015.
See Cover Pages Item 11, which reflects the beneficial ownership of the Reporting Persons as of the close of business on June 12, 2015, and was determined by dividing the number of shares beneficially held by each of the Reporting Person by 53,948,357, the number of shares of Common Stock issued and outstanding as of May 27, 2015, as reported in the Issuer’s Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on June 15, 2015.
| (c) | Number of shares as to which such person has: |
| (i) | Sole power to vote or to direct the vote: |
See Cover Pages Items 5-9.
| (ii) | Shared power to vote or to direct the vote |
See Cover Pages Items 5-9.
| (iii) | Sole power to dispose or to direct the disposition of |
See Cover Pages Items 5-9.
| (iv) | Shared power to dispose or to direct the disposition of |
See Cover Pages Items 5-9.
Item 5. | Ownership of Five Percent or Less of a Class. |
If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].
Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
Not applicable.
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. |
Not applicable.
Item 8. | Identification and Classification of Members of the Group. |
See Exhibit A.
Item 9. | Notice of Dissolution of Group. |
Not applicable.
By signing below the undersigned certifies that, to the best of its 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.
SIGNATURES
After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information with respect to it set forth in this statement is true, complete, and correct.
| GLENHILL ADVISORS, LLC |
| | |
| By: | /s/ Glenn J. Krevlin |
| | Name: | Glenn J. Krevlin |
| | Title: | Managing Member |
| /s/ Glenn J. Krevlin |
| GLENN J. KREVLIN |
| GLENHILL CAPITAL ADVISORS, LLC |
| | |
| By: | KREVLIN MANAGEMENT, INC. Managing Member |
| | |
| By: | /s/ Glenn J. Krevlin |
| | Name: | Glenn J. Krevlin |
| | Title: | Managing Member |
| GLENHILL CAPITAL MANAGEMENT, LLC |
| | |
| By: | GLENHILL ADVISORS, LLC Managing Member |
| | |
| By: | /s/ Glenn J. Krevlin |
| | Name: | Glenn J. Krevlin |
| | Title: | Managing Member |
| GLENHILL CAPITAL OVERSEAS MASTER FUND LP |
| | |
| By: | GLENHILL CAPITAL OVERSEAS GP, LTD General Partner |
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| By: | GLENHILL CAPITAL MANAGEMENT, LLC Sole Shareholder |
| | |
| By: | GLENHILL ADVISORS, LLC Managing Member |
| | |
| By: | /s/ Glenn J. Krevlin |
| | Name: | Glenn J. Krevlin |
| | Title: | Managing Member |
| GLENHILL LONG FUND, LP |
| | |
| By: | GLENHILL LONG GP, LLC General Partner |
| | |
| By: | GLENHILL CAPITAL MANAGEMENT, LLC Managing Member |
| | |
| By: | GLENHILL ADVISORS, LLC Managing Member |
| | |
| By: | /s/ Glenn J. Krevlin |
| | Name: | Glenn J. Krevlin |
| | Title: | Managing Member |
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G with respect to the Common Stock, $1.00 par value, of The Pep Boys—Manny, Moe & Jack dated June 15, 2015, and any amendments thereto signed by each of the undersigned shall be, filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.
| GLENHILL ADVISORS, LLC |
| | |
| By: | /s/ Glenn J. Krevlin |
| | Name: | Glenn J. Krevlin |
| | Title: | Managing Member |
| /s/ Glenn J. Krevlin |
| GLENN J. KREVLIN |
| GLENHILL CAPITAL ADVISORS, LLC |
| | |
| By: | KREVLIN MANAGEMENT, INC. Managing Member |
| | |
| By: | /s/ Glenn J. Krevlin |
| | Name: | Glenn J. Krevlin |
| | Title: | Managing Member |
| GLENHILL CAPITAL MANAGEMENT, LLC |
| | |
| By: | GLENHILL ADVISORS, LLC Managing Member |
| | |
| By: | /s/ Glenn J. Krevlin |
| | Name: | Glenn J. Krevlin |
| | Title: | Managing Member |
| GLENHILL CAPITAL OVERSEAS MASTER FUND LP |
| | |
| By: | GLENHILL CAPITAL OVERSEAS GP, LTD General Partner |
| | |
| By: | GLENHILL CAPITAL MANAGEMENT, LLC Sole Shareholder |
| | |
| By: | GLENHILL ADVISORS, LLC Managing Member |
| | |
| By: | /s/ Glenn J. Krevlin |
| | Name: | Glenn J. Krevlin |
| | Title: | Managing Member |
| GLENHILL LONG FUND, LP |
| | |
| By: | GLENHILL LONG GP, LLC General Partner |
| | |
| By: | GLENHILL CAPITAL MANAGEMENT, LLC Managing Member |
| | |
| By: | GLENHILL ADVISORS, LLC Managing Member |
| | |
| By: | /s/ Glenn J. Krevlin |
| | Name: | Glenn J. Krevlin |
| | Title: | Managing Member |