UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 9)*
AutoNation, Inc.
------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 par share
------------------------------------------------------------------------------
(Title of Class of Securities)
05329W102
------------------------------------------------------------------------------
(CUSIP Number)
John G. Finley, Esq.
Simpson Thacher & Bartlett LLP
425 Lexington Avenue
New York, New York 10017
(212) 455-2000
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
April 19, 2006
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(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 ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g),
check the following box. [_]
Note: Schedule filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7 for other
parties to whom copies are to be sent.
* 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 ("Act") 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).
Page 1 of 22 Pages
Exhibit Index: Page 20
CUSIP No. 05329W102 Page 2 of 22
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Partners, L.P., a Delaware limited partnership
IRS IDENTIFICATION NO.: 22-2875193
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) X
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
N/A
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
37,230,401
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
37,230,401
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
56,967,956
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.7%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
PN
________________________________________________________________________________
CUSIP No. 05329W102 Page 3 of 22
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Institutional Partners, L.P., a Delaware limited partnership
IRS IDENTIFICATION NO.: 06-1456821
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) X
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
N/A
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
251,894
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
251,894
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
56,967,956
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.7%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
PN
________________________________________________________________________________
CUSIP No. 05329W102 Page 4 of 22
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Investors, L.L.C., a Delaware limited liability company
IRS IDENTIFICATION NO.: 13-4095958
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) X
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
N/A
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
12,528,441
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
12,528,441
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
56,967,956
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.7%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
OO
________________________________________________________________________________
CUSIP No. 05329W102 Page 5 of 22
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Investments, Inc., a Delaware corporation
IRS IDENTIFICATION NO.:
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) X
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
N/A
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
56,634,818
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
56,634,818
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
56,967,956
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.7%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
CO
________________________________________________________________________________
CUSIP No. 05329W102 Page 6 of 22
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CBL Partners, L.P., a Delaware limited partnership
IRS IDENTIFICATION NO.: 06-1526810
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) X
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
N/A
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
6,489,980
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
6,489,980
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
56,967,956
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.7%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
PN
________________________________________________________________________________
CUSIP No. 05329W102 Page 7 of 22
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Tynan, LLC, a Delaware limited liability company
IRS IDENTIFICATION NO.
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) X
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
N/A
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
2,735
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
2,735
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
56,967,956
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.7%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
OO
________________________________________________________________________________
CUSIP No. 05329W102 Page 8 of 22
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Investment Management, LLC, a Delaware limited liability company
IRS IDENTIFICATION NO.
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) X
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
N/A
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
70,403
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
70,403
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
56,967,956
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.7%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
OO
________________________________________________________________________________
CUSIP No. 05329W102 Page 9 of 22
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RBS Partners, L.P., a Delaware limited partnership
IRS IDENTIFICATION NO.
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) X
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
N/A
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
49,758,842
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
49,758,842
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
56,967,956
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.7%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
PN
________________________________________________________________________________
CUSIP No. 05329W102 Page 10 of 22
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RBS Investment Management, LLC, a Delaware limited liability company
IRS IDENTIFICATION NO.
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) X
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
N/A
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
251,894
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
251,894
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
56,967,956
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.7%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
OO
________________________________________________________________________________
CUSIP No. 05329W102 Page 11 of 22
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Edward S. Lampert
IRS IDENTIFICATION NO.
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) X
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
N/A
________________________________________________________________________________
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
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
56,835,221
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
56,835,221
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
56,967,956
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.7%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
IN
________________________________________________________________________________
CUSIP No. 05329W102 Page 12 of 22
________________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William C. Crowley
IRS IDENTIFICATION NO.
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) X
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
N/A
________________________________________________________________________________
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
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
132,735
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
132,735
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
56,967,956
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.7%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
IN
________________________________________________________________________________
Page 13 of 22
This Amendment No. 9 to Schedule 13D (this "Amendment") relates to
shares of common stock, par value $0.01 per share (the "Shares") of
AutoNation, Inc. (the "Issuer"). This Amendment No. 9 supplementally amends
the statement on Schedule 13D, as amended, filed by a group consisting of ESL
Partners, L.P., a Delaware limited partnership ("ESL"), ESL Institutional
Partners, L.P., a Delaware limited partnership ("Institutional"), ESL
Investors, L.L.C., a Delaware limited liability company ("Investors"), ESL
Investments, Inc. ("Investments"), CBL Partners, L.P., a Delaware limited
partnership ("CBL"), Tynan, LLC ("Tynan"), ESL Investment Management, LLC, a
Delaware limited liability company ("ESLIM"), Edward S. Lampert and William C.
Crowley, both United States citizens, by furnishing the information set forth
below. The Filing Persons are filing this Amendment No. 9 to report that the
number of Shares that they may be deemed to beneficially own has decreased by
an amount greater than one percent of the outstanding Shares of the Issuer.
This Amendment also adds RBS Partners, L.P. a Delaware limited partnership
("RBS"), and RBS Investment Management, LLC, a Delaware limited liability
company ("RBSIM"), as Filing Persons. ESL, Institutional, Investors,
Investments, CBL, Tynan, ESLIM, RBS, RBSIM, Mr. Lampert and Mr. Crowley are
collectively defined in this Amendment as the "Filing Persons." Unless set
forth below, all previous Items are unchanged. Capitalized terms used herein
which are not defined herein have the meanings given to them in the Schedule
13D, as amended, previously filed with the Securities and Exchange Commission.
Item 2. Identity and Background
Item 2 is hereby amended and restated in its entirety to read as follows:
(a) This Schedule 13D is being filed by a group consisting of the
Filing Persons. Attached as Schedule I hereto and incorporated herein by
reference is a list containing the (a) name, (b) citizenship, (c) present
principal occupation or employment and (d) the name, principal business
address of any corporation or other organization in which such employment is
conducted, of each director and executive officer of Investments (the "ESL
Investments Directors and Officers"). Other than the ESL Investments Directors
and Officers, there are no persons or corporations controlling or ultimately
in control of Investments.
(b) The principal place of business of each of the Filing Persons
is 200 Greenwich Avenue, Greenwich, CT 06830.
(c) This Statement is filed on behalf of ESL, Institutional,
Investors, Investments, CBL, Tynan, ESLIM, RBS, RBSIM, Mr. Lampert and Mr.
Crowley. RBS is general partner of ESL and the managing member of Investors.
RBSIM is the general partner of Institutional. Investments is the general
partner of RBS and CBL and the manager of RBSIM. Mr. Lampert is the Chairman,
Chief Executive Officer and Director of Investments and the managing member of
ESLIM. Mr. Crowley is the President and Chief Operating Officer of Investments
and the sole member of Tynan. Mr. Lampert and Mr. Crowley were appointed to
the Board of Directors of the Issuer on January 29, 2002. In the
aforementioned capacities, ESL, Institutional, Investors, Investments, CBL,
Tynan, ESLIM, RBS, RBSIM, Mr. Lampert and Mr. Crowley each may be deemed to be
the beneficial owner of the Shares reported herein.
The principal business of ESL, Institutional, Investors, CBL,
Tynan and ESLIM is purchasing, holding and selling securities for investment
purposes. The principal business of RBS is serving as the general partner of
ESL and the managing member of Investors. The principal business of RBSIM is
serving as the general partner of Institutional. The principal business of
Investments is serving as the general partner of RBS and CBL and the manager
of RBSIM. Mr. Lampert's principal business is serving as the Chairman, Chief
Executive Officer and Director of Investments and the managing member of
ESLIM. Mr. Crowley's principal business is serving as the President and Chief
Operating Officer of Investments and the sole member of Tynan.
(d)-(e) During the past five years, none of the foregoing entities or
natural persons has been convicted in a criminal proceeding or been a party to
a civil proceeding, in either case of the type specified in Items 2(d) or (e)
of Schedule 13D.
Page 14 of 22
(f) ESL, Institutional, Investors, Investments, CBL, Tynan, ESLIM,
RBS and RBSIM are organized in Delaware, and Mr. Lampert and Mr. Crowley are
citizens of the United States.
Item 4. Purpose of Transaction
Item 4 is hereby supplemented as follows:
As stated in Amendment No. 8 to this Schedule 13D, the Issuer on
March 7, 2006 announced a recapitalization transaction, which included a cash
tender offer (the "Equity Tender Offer") to purchase up to 50,000,000 Shares
of the Issuer's common stock. On March 6, 2006, the Filing Persons agreed to
tender all 77,061,800 Shares that they had a right to tender into the Equity
Tender Offer. Because more than 50,000,000 Shares were tendered in the Equity
Tender Offer, the Issuer applied a proration factor of approximately 26.412%
to determine the number of tendered Shares it would purchase. On April 19,
2006, the depositary for the Equity Tender Offer notified the Filing Persons
that the Issuer had accepted 20,353,844 of the Shares tendered by the Filing
Persons in the Equity Tender Offer and would pay the Filing Persons $23.00 per
Share, for an aggregate purchase price of $468,138,411 for the 20,353,844
Shares sold by the Filing Persons to the Issuer in the Equity Tender Offer. Of
such aggregate number of Shares sold by the Filing Persons to the Issuer in
the Equity Tender Offer, 13,362,883 were sold by ESL, 90,411 Shares were sold
by Institutional, 4,496,756 Shares were sold by Investors, 48,133 Shares were
sold by Investments, 2,329,409 Shares were sold by CBL, 982 Shares were sold
by Tynan and 25,270 Shares were sold by ESLIM.
The Filing Persons intend to dispose of approximately 6.8 million
additional Shares through sales and/or distributions to their partners within
the next 12 months. The purpose of these additional sales and/or distributions
is to ensure that the sale by the Filing Persons of Shares to the Issuer in
the Equity Tender Offer will be treated as a "sale or exchange" rather than a
distribution. Under applicable IRS "safe harbor" rules, the sale by the Filing
Persons of Shares to the Issuer in the Equity Tender Offer will be treated as
a "sale or exchange" if the percentage of Shares owned by the Filing Persons
following the sale of Shares pursuant to the Equity Tender Offer, and giving
effect to any additional sales referred to above, is less than 80% of the
percentage of the Shares owned by the Filing Persons before the sale of Shares
pursuant to the Equity Tender Offer. The sale of approximately 6.8 million
additional Shares by the Filing Persons would allow them to reach this 80%
threshold. If the sale of Shares pursuant to the Equity Tender Offer is
treated as a "sale or exchange," then any gain the Filing Persons realize on
the sale will be taxable as capital gain. If the sale were treated as a
distribution, the proceeds would be taxable as a dividend. If the Filing
Persons do not sell sufficient Shares to reach the 80% safe harbor threshold,
a facts and circumstances analysis will determine whether the sale in the
Equity Tender Offer would be characterized as a "sale or exchange." This
intent of the Filing Persons is subject to change or modification at any time
depending on a variety of factors including, without limitation: current and
anticipated future trading prices of the Shares; the financial condition,
results of operations, and prospects of the Issuer; general economic,
financial market, and industry conditions; other investment and business
opportunities available to the Filing Persons; general stock market and
economic conditions; tax considerations for the Filing Persons and their
partners; and other factors.
Page 15 of 22
Item 5. Interest in Securities of the Issuer
Item 5 is hereby amended and restated in its entirety to read as follows:
(a)-(b) The Filing Persons may be deemed to beneficially own an
aggregate of 56,967,956 Shares (approximately 26.7% of the outstanding Shares
assuming 212,705,497 Shares were outstanding on April 20, 2006).
NUMBER OF
SHARES PERCENTAGE OF SOLE SHARED
BENEFICIALLY OUTSTANDING SOLE VOTING SHARED DISPOSITIVE DISPOSITIVE
REPORTING PERSON OWNED SHARES POWER VOTING POWER POWER POWER
---------------- -------------- ------------- -------------- ------------ ----------- -----------
ESL Partners, 56,967,956 (1) 26.7% 37,230,401 0 37,230,401 0
L.P.
ESL
Institutional 56,967,956 (1) 26.7% 251,894 0 251,894 0
Partners, L.P.
ESL Investors, 56,967,956 (1) 26.7% 12,528,441 0 12,528,441 0
L.L.C.
ESL Investments, 56,967,956 (1) 26.7% 56,634,818 (2) 0 56,634,818 (2) 0
Inc.
CBL Partners, 56,967,956 (1) 26.7% 6,489,980 0 6,489,980 0
L.P.
Tynan, LLC 56,967,956 (1) 26.7% 2,735 0 2,735 0
ESL Investment 56,967,956 (1)
Management, LLC 26.7% 70,403 0 70,403 0
RBS Partners, 56,967,956 (1) 26.7% 49,758,842 (3) 0 49,758,842 (3) 0
L.P.
RBS Investment 56,967,956 (1) 26.7% 251,894 (4) 0 251,894 (4) 0
Management, LLC
Edward S. Lampert 56,967,956 (1) 26.7% 56,835,221 (5) 0 56,835,221 (5) 0
William C. 56,967,956 (1) 26.7% 132,735 (6) 0 132,735 (6) 0
Crowley
(1) This number consists of 37,230,401 Shares held for the account of ESL,
251,894 Shares held for the account of Institutional, 12,528,441 Shares held
for the account of Investors, 134,102 Shares held for the account of
Investments, 6,489,980 Shares held for the account of CBL, 2,735 Shares held
for the account of Tynan, 70,403 Shares held for the account of ESLIM, 130,000
Shares issuable upon the exercise of director stock options held for the
account of Mr. Lampert and 130,000 Shares issuable upon the exercise of
director stock options held for the account of Mr. Crowley.
(2) This number consists of 37,230,401 Shares held for the account of ESL,
251,894 Shares held for the account of Institutional, 12,528,441 Shares held
for the account of Investors, 134,102 Shares held for the account of
Investments and 6,489,980 Shares held for the account of CBL.
(3) This number consists of 37,230,401 Shares held for the account of ESL and
12,528,441 Shares held for the account of Investors.
(4) This number consists of 251,894 Shares held for the account of
Institutional.
Page 16 of 22
(5) This number consists of 37,230,401 Shares held for the account of ESL,
251,894 Shares held for the account of Institutional, 12,528,441 Shares held
for the account of Investors, 134,102 Shares held for the account of
Investments, 6,489,980 Shares held for the account of CBL, 70,403 Shares held
for the account of ESLIM and 130,000 Shares issuable upon the exercise of
director stock options held for the account of Mr. Lampert.
(6) This number consists of 2,735 Shares held for the account of Tynan and
130,000 Shares issuable upon the exercise of director stock options held for
the account of Mr. Crowley.
(c) Other than the Shares sold in the Equity Tender Offer as
described in Item 4 hereof, there have been no transactions in Shares by any
of the Filing Persons during the past 60 days.
(d) Not applicable.
(e) Not applicable.
Item 7. Material to Be Filed as Exhibits
Exhibit 3 Joint Filing Agreement, dated April 20, 2006, by and among ESL
Partners, L.P., ESL Institutional Partners, L.P., ESL Investors,
L.L.C., ESL Investments, Inc., CBL Partners, L.P., Tynan, LLC, ESL
Investment Management, LLC, RBS Partners, L.P., RBS Investment
Management, LLC, Edward S. Lampert and William C. Crowley
PAGE 17 OF 22
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: April 20, 2006
ESL PARTNERS, L.P.
By: RBS Partners, L.P., as its general partner
By: ESL Investments, Inc., as its general partner
By: /s/ Theodore W. Ullyot
-----------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
ESL INSTITUTIONAL PARTNERS, L.P.
By: RBS Investment Management, L.L.C., as its
general partner
By: ESL Investments, Inc., as its manager
By: /s/ Theodore W. Ullyot
-----------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
ESL INVESTORS, L.L.C.
By: RBS Partners, L.P., as its managing member
By: ESL Investments, Inc., as its general partner
By: /s/ Theodore W. Ullyot
-----------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
ESL INVESTMENTS, INC.
By: /s/ Theodore W. Ullyot
-----------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
PAGE 18 OF 22
CBL PARTNERS, L.P.
By: ESL Investments, Inc., as its general partner
By: /s/ Theodore W. Ullyot
----------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
TYNAN, LLC
By: /s/ William C. Crowley
----------------------------
Name: William C. Crowley
Title: Member
ESL INVESTMENT MANAGEMENT, LLC
By: /s/ Theodore W. Ullyot
----------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
RBS PARTNERS, L.P.
By: ESL Investments, Inc., as its general partner
By: /s/ Theodore W. Ullyot
----------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
RBS INVESTMENT MANAGEMENT, LLC
By: ESL Investments, Inc., as its manager
By: /s/ Theodore W. Ullyot
----------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
EDWARD S. LAMPERT
/s/ Edward S. Lampert
----------------------------------
Edward S. Lampert
WILLIAM C. CROWLEY
/s/ William C. Crowley
----------------------------------
William C. Crowley
PAGE 19 OF 22
SCHEDULE I
The names, business addresses, present principal occupations, and
citizenship of the directors and executive officers of ESL Investments, Inc.
are set forth below. If no address is given, the director's or executive
officer's principal business address is 200 Greenwich Avenue, Greenwich, CT
06830. Unless otherwise indicated, each occupation set forth opposite an
individual's name refers to ESL Investments, Inc.
Name and Business Address Principal Occupation Citizenship
------------------------- -------------------- -----------
Robert Jackowitz Treasurer United States
Theodore W. Ullyot Executive Vice President and United States
General Counsel
William C. Crowley President and Chief United States
Operating Officer
Edward S. Lampert Director, Chairman and Chief United States
Executive Officer
PAGE 20 OF 22
EXHIBIT INDEX
Exhibit 3 Joint Filing Agreement, dated April 20, 2006, by and among ESL
Partners, L.P., ESL Institutional Partners, L.P., ESL Investors,
L.L.C., ESL Investments, Inc., CBL Partners, L.P., Tynan, LLC, ESL
Investment Management, LLC, RBS Partners, L.P., RBS Investment
Management, LLC, Edward S. Lampert and William C. Crowley
PAGE 21 OF 22
EXHIBIT 3
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) promulgated under the Securities
Exchange Act of 1934, as amended, the persons named below agree to the joint
filing on behalf of each of them a Statement on Schedule 13D (including
amendments thereto) with regard to the common stock of AutoNation, Inc., and
further agree that this Joint Filing Agreement be included as an Exhibit to
such joint filings. In evidence thereof, the undersigned, being duly
authorized, hereby execute this Agreement as of April 20, 2006.
ESL PARTNERS, L.P.
By: RBS Partners, L.P., as its general partner
By: ESL Investments, Inc., as its general partner
By: /s/ Theodore W. Ullyot
-----------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
ESL INSTITUTIONAL PARTNERS, L.P.
By: RBS Investment Management, L.L.C., as its
general partner
By: ESL Investments, Inc., as its manager
By: /s/ Theodore W. Ullyot
-----------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
ESL INVESTORS, L.L.C.
By: RBS Partners, L.P., as its managing member
By: ESL Investments, Inc., as its general partner
By: /s/ Theodore W. Ullyot
-----------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
ESL INVESTMENTS, INC.
By: /s/ Theodore W. Ullyot
-----------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
PAGE 22 OF 22
CBL PARTNERS, L.P.
By: ESL Investments, Inc., as its general partner
By: /s/ Theodore W. Ullyot
----------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
TYNAN, LLC
By: /s/ William C. Crowley
----------------------------
Name: William C. Crowley
Title: Member
ESL INVESTMENT MANAGEMENT, LLC
By: /s/ Theodore W. Ullyot
----------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
RBS PARTNERS, L.P.
By: ESL Investments, Inc., as its general partner
By: /s/ Theodore W. Ullyot
----------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
RBS INVESTMENT MANAGEMENT, LLC
By: ESL Investments, Inc., as its manager
By: /s/ Theodore W. Ullyot
----------------------------
Name: Theodore W. Ullyot
Title: EVP & General Counsel
EDWARD S. LAMPERT
/s/ Edward S. Lampert
----------------------------------
Edward S. Lampert
WILLIAM C. CROWLEY
/s/ William C. Crowley
----------------------------------
William C. Crowley