Statement on Schedule 13D
This Amendment No. 10, filed on behalf of Sagard Capital Partners, L.P., a Delaware limited partnership (“Sagard”), Sagard Capital Partners GP, Inc., a Delaware corporation (“GP”), and Sagard Capital Partners Management Corporation, a Delaware corporation (“Manager” and together with Sagard and GP, the “Reporting Persons”), amends and supplements the Schedule 13D (the “Schedule 13D”) filed by the Reporting Persons with the Securities and Exchange Commission (the “SEC”) on March 10, 2008, as heretofore amended, relating to the Common Stock, par value $0.10 per share (the “Shares”), of X-RITE, INCORPORATED, a Michigan corporation (the “Issuer”).
This Amendment No. 10 is being filed to reflect a change in beneficial ownership percentage arising primarily due to a change in the number of outstanding Shares and to report certain shares held by Mr. Friedberg as nominee.
Item 5. Interest in Securities of the Issuer.
Items 5(a) - (e) are hereby amended and restated in their entirety as follows:
(a) Each Reporting Person is deemed to beneficially own 13,309,765 Shares, which represents 15.5% of the outstanding Shares, based upon 86,028,099 Shares outstanding as of November 1, 2011, as reported by the Issuer in its Quarterly Report on Form 10-Q for the Quarter ended October 1, 2011. Manager beneficially owns an additional 5,589 Shares granted to Mr. Friedberg under the Issuer’s 2008 Omnibus Long Term Incentive Plan, which are held for the benefit of Manager and will vest on May 18, 2012.
In accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the “Release”), this filing reflects the securities beneficially owned by Power Corporation of Canada and certain of its subsidiaries, including Sagard. The filing does not reflect securities beneficially owned, if any, by any subsidiaries of Power Corporation of Canada whose ownership of securities is disaggregated from that of Power Corporation of Canada in accordance with the Release.
(b) | Sole power to vote or direct the vote: |
| |
| | Sagard Capital Partners, L.P. | 0 |
| | | |
| | Sagard Capital Partners GP, Inc. | 0 |
| | | |
| | Sagard Capital Partners Management Corporation | 5,589 |
| | | |
| Shared power to vote or direct the vote: |
| |
| | Sagard Capital Partners, L.P. | 13,309,765 |
| | | |
| | Sagard Capital Partners GP, Inc. | 13,309,765 |
| | | |
| | Sagard Capital Partners Management Corporation | 13,309,765 |
| | | |
| Sole power to dispose or to direct the disposition: |
| |
| | Sagard Capital Partners, L.P. | 0 |
| | | |
| | Sagard Capital Partners GP, Inc. | 0 |
| | | |
| | Sagard Capital Partners Management Corporation | 5,589 |
| | | |
| Shared power to dispose or direct the disposition: |
| |
| | Sagard Capital Partners, L.P. | 13,309,765 |
| | | |
| | Sagard Capital Partners GP, Inc. | 13,309,765 |
| | | |
| | Sagard Capital Partners Management Corporation | 13,309,765 |
The power to vote or to direct the vote or to dispose or direct the disposition of the Shares reported herein is shared among the Reporting Persons except as set forth in Item 5(a).
(c) None of the Reporting Persons has effected any transaction in the Shares during the past 60 days.
(d) Not applicable.
Item 7. Material to Be Filed as Exhibits.
Exhibit B | Executive Officers and Directors of Sagard Capital Partners GP, Inc. and Sagard Capital Partners Management Corporation |
Exhibit C | Executive Officers and Directors of Power Corporation of Canada |