<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(AMENDMENT NO. 1)
Under the Securities Exchange Act of 1934
AutoZone, Inc.
- -------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $.01 per share
- -------------------------------------------------------------------------------
(Title of Class of Securities)
053332-10-2
-------------------------------------------------------
(CUSIP Number)
Janice V. Sharry, Esq.
Haynes and Boone, LLP
901 Main Street, Suite 3100
Dallas, Texas 75202
(214) 651-5562
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
July 12, 1999
-------------------------------------------------------
(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 Sections 240.13d-1(e), (f) or (g), check the following box
[ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7(b) 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> 2
SCHEDULE 13D
- ---------------------------
CUSIP No. 053332-10-2
- ---------------------------
<TABLE>
<S> <C> <C>
- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Partners, L.P., a Delaware limited partnership
22-2875193
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
N/A
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 9,852,046
OWNED BY -------------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 0
WITH -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
9,852,046
-------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,396,600
- ---------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
N/A
- ---------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.03%(1)
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- ---------------------------------------------------------------------------------------------------------
</TABLE>
(1) Based on 148,831,823 shares of Common Stock issued and outstanding as
of June 18, 1999, as disclosed in the Issuer's 10-Q filed with the
Securities and Exchange Commission on June 22, 1999.
<PAGE> 3
- --------------------------
CUSIP No. 053332-10-2
- --------------------------
<TABLE>
<S> <C> <C>
- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ESL Limited, a Bermuda corporation
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
N/A
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 2,342,063
OWNED BY -------------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 0
WITH -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
2,342,063
-------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,396,600
- ---------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
N/A
- ---------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.03%(1)
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- ---------------------------------------------------------------------------------------------------------
</TABLE>
(1) Based on 148,831,823 shares of Common Stock issued and outstanding as
of June 18, 1999, as disclosed in the Issuer's 10-Q filed with the
Securities and Exchange Commission on June 22, 1999.
<PAGE> 4
- ---------------------------
CUSIP No. 053332-10-2
- ---------------------------
<TABLE>
<S> <C> <C>
- ---------------------------------------------------------------------------------------------------------
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
06-1456821
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
N/A
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 315,966
OWNED BY -------------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 0
WITH -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
315,966
-------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,396,600
- ---------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
N/A
- ---------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.03%(1)
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- ---------------------------------------------------------------------------------------------------------
</TABLE>
(1) Based on 148,831,823 shares of Common Stock issued and outstanding as
of June 18, 1999, as disclosed in the Issuer's 10-Q filed with the
Securities and Exchange Commission on June 22, 1999.
<PAGE> 5
- --------------------------
CUSIP No. 053332-10-2
- --------------------------
<TABLE>
<S> <C> <C>
- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Acres Partners, L.P., a Delaware limited partnership
06-1458694
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
N/A
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 5,978,680
OWNED BY -------------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 0
WITH -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
5,978,680
-------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,396,600
- ---------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
N/A
- ---------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.03%(1)
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- ---------------------------------------------------------------------------------------------------------
</TABLE>
(1) Based on 148,831,823 shares of Common Stock issued and outstanding as
of June 18, 1999, as disclosed in the Issuer's 10-Q filed with the
Securities and Exchange Commission on June 22, 1999.
<PAGE> 6
- --------------------------
CUSIP No. 053332-10-2
- --------------------------
<TABLE>
<S> <C> <C>
- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Marion Partners, L.P., a Delaware limited partnership
06-1527654
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
N/A
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 907,845
OWNED BY -------------------------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 0
WITH -------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
907,845
-------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,396,600
- ---------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
N/A
- ---------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.03%(1)
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- ---------------------------------------------------------------------------------------------------------
</TABLE>
(1) Based on 148,831,823 shares of Common Stock issued and outstanding as
of June 18, 1999, as disclosed in the Issuer's 10-Q filed with the
Securities and Exchange Commission on June 22, 1999.
<PAGE> 7
This Amendment No. 1 to Schedule 13D (this "Amendment") amends and
supplements the Schedule 13D filed by ESL Partners, L.P., ESL Limited, ESL
Institutional Partners, L.P., and Acres Partners, L.P., by furnishing the
information set forth below. 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 previously filed with the Securities
and Exchange Commission.
Item 2. Identity and Background.
Item 2 is hereby amended in its entirety as follows:
(a) The names of the persons filing this Amendment are ESL Partners,
L.P., ESL Limited, ESL Institutional Partners, L.P., Acres Partners, L.P., and
Marion Partners, L.P.
(b) The principal business address of ESL Partners, L.P., ESL
Institutional Partners, L.P., Acres Partners, L.P., and Marion Partners, L.P.
is One Lafayette Place, Greenwich, CT 06830. The principal business address of
ESL Limited is Hemisphere House, 9 Church Street, Hamilton, Bermuda.
(c) This Amendment is filed on behalf of a group consisting of ESL
Partners, L.P., a Delaware limited partnership ("ESL"), ESL Limited, a Bermuda
corporation ("Limited"), ESL Institutional Partners, L.P., a Delaware limited
partnership ("Institutional"), Acres Partners, L.P., a Delaware limited
partnership ("Acres"), and Marion Partners, L.P., a Delaware limited
partnership ("Marion"). The general partner of ESL is RBS Partners, L.P. (the
"General Partner"). The general partner of the General Partner of ESL is ESL
Investments, Inc., a Delaware corporation ("Investments"). ESL Investment
Management, LLC, a Delaware limited liability company ("ESLIM"), is the
investment manager of Limited. RBS Investment Management, LLC, a Delaware
limited liability company ("RBSIM") is the general partner of Institutional.
Investments is the general partner of Acres and Marion. In the aforementioned
capacities, ESL, Limited, Institutional, Acres and Marion each may be deemed to
be the beneficial owner of the shares of AutoZone, Inc. common stock
beneficially owned by the other members of the group.
The principal business of ESL, Limited, Institutional, Acres and
Marion is purchasing, holding and selling securities for investment purposes.
The principal business of the General Partner is serving as the general partner
of ESL. The principal business of Investments is serving as the general partner
of the General Partner. The principal business of ESLIM is serving as the
investment manager for Limited. The principal business of RBSIM is serving as
the investment manager of Institutional. Edward S. Lampert's principal business
is serving as the Chief Executive Officer and director of Investments and the
managing member of ESLIM and RBSIM.
(d) and (e) During the past five years, none of the foregoing entities
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.
(f) ESL Partners, L.P., ESL Institutional Partners, L.P., Acres
Partners, L.P., and Marion Partners, L.P. are citizens of Delaware and ESL
Limited is a citizen of Bermuda.
Item 3. Source and Amount of Funds or Other Consideration.
<PAGE> 8
Item 3 is hereby amended in its entirety as follows:
The total amount of funds required by Acres for the purchase of
928,855 Shares was approximately $25,189,573 and was obtained from working
capital. The total amount of funds required by Limited for the purchase of
48,189 Shares was approximately $1,318,774 and was obtained from working
capital. The total amount of funds required by Institutional for the purchase
of 1,811 Shares was approximately $49,561 and was obtained from working
capital. The total amount of funds required by Marion for the purchase of
907,845 Shares was approximately $24,256,890 and was obtained from working
capital.
Item 4. Purpose of Transaction.
Item 4 is hereby amended in its entirety as follows:
ESL, Limited, Institutional, Acres and Marion acquired the Shares in
the ordinary course of business solely for investment purposes and not for the
purposes of participating in or influencing the management of the Issuer. ESL,
Limited, Institutional, Acres and Marion have no plans or proposals with
respect to any of the matters set forth in paragraphs (a) through (j) of Item 4
of Schedule 13D.
ESL, Limited, Institutional, Acres and Marion reserve the right to
acquire additional Shares, to dispose of such Shares at any time, or to
formulate other purposes, plans or proposals regarding the Issuer or the
Shares, to the extent deemed advisable in light of their general investment
policies, market conditions or other factors.
From time to time, ESL, Limited, Institutional, Acres and Marion may
discuss the Issuer and its performance with representatives of the Issuer and
certain holders of the Shares.
Item 5. Interest in Securities of the Issuer.
Item 5 is hereby amended in its entirety as follows:
(a) Pursuant to that certain Joint Filing Agreement, entered into by
and among ESL, Limited, Institutional, Acres and Marion, dated as of July 13,
1999 (attached hereto as Exhibit 1 and incorporated herein by reference), each
of ESL, Limited, Institutional, Acres and Marion may be deemed to beneficially
own 19,396,600 Shares (which is approximately 13.03% of the Shares outstanding
as of June 18, 1999, as disclosed in the Issuer's 10-Q filed with the
Securities and Exchange Commission on June 22, 1999).
(b)
<TABLE>
<CAPTION>
Sole Shared Sole Shared
Voting Voting Dispositive Dispositive
Power Power Power Power
--------- ------ ----------- -----------
<S> <C> <C> <C> <C>
ESL Partners, L.P. 9,852,046 0 9,852,046 0
ESL Limited 2,342,063 0 2,342,063 0
ESL Institutional Partners, L.P. 315,966 0 315,966 0
Acres Partners, L.P. 5,978,680 0 5,978,680 0
Marion Partners, L.P. 907,845 0 907,845 0
</TABLE>
<PAGE> 9
(c) Since the most recent filing on Schedule 13D, there were no
transactions in the Shares by ESL. Since the most recent filing on Schedule
13D, the only transaction in the Shares by Limited was the purchase of 48,189
Shares on July 9, 1999 for a purchase price per share of $27.37. Since the most
recent filing on Schedule 13D, the only transaction in the Shares by
Institutional was the purchase of 1,811 Shares on July 9, 1999 for a purchase
price per share of $27.37. Since the most recent filing on Schedule 13D, the
only transactions in the Shares by Acres were the purchase of (i) 226,500
Shares on July 7, 1999 for a purchase price per share of $27.96, (ii) 97,500
Shares on July 8, 1999 for a purchase price per share of $27.48, (iii) 72,500
Shares on July 9, 1999 for a purchase price per share of $27.37, and (iv)
532,355 Shares on July 12, 1999 for a purchase price per share of $26.66. Since
the most recent filing on Schedule 13D, the only transactions in the Shares by
Marion were the purchase of (i) 72,500 Shares on July 9, 1999 for a purchase
price per share of $27.37, and (ii) 835,345 Shares on July 12, 1999 for a
purchase price per share of $26.66.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer.
Item 6 is hereby amended in its entirety as follows:
Except as set forth in Item 5 hereof, there are no contracts,
arrangements, understandings or relationships between ESL, Limited,
Institutional, Acres and Marion or any other person with respect to the
securities of the Issuer.
Item 7. Material to be Filed as Exhibits.
Item 7 is hereby amended in its entirety as follows:
Exhibit 1. Joint Filing Agreement, dated as of July 13, 1999, entered
into by and among ESL, Limited, Institutional, Acres and Marion.
<PAGE> 10
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment is true, complete and
correct.
Date: July 13, 1999
ESL PARTNERS, L.P.
By: RBS Partners, L.P., its general partner
By: ESL Investments, Inc., its general partner
By: /s/ EDWARD S. LAMPERT
----------------------------------------
Edward S. Lampert
Chief Executive Officer
ESL LIMITED
By: ESL Investment Management, LLC,
its investment manager
By: /s/ EDWARD S. LAMPERT
----------------------------------------
Edward S. Lampert
Managing Member
ESL INSTITUTIONAL PARTNERS, L.P.
By: RBS Investment Management, LLC,
its general partner
By: /s/ EDWARD S. LAMPERT
----------------------------------------
Edward S. Lampert
Managing Member
ACRES PARTNERS, L.P.
By: ESL Investments, Inc., its general partner
By: /s/ EDWARD S. LAMPERT
----------------------------------------
Edward S. Lampert
Chief Executive Officer
MARION PARTNERS, L.P.
By: ESL Investments, Inc., its general partner
By: /s/ EDWARD S. LAMPERT
----------------------------------------
Edward S. Lampert
Chief Executive Officer
<PAGE> 11
EXHIBITS
Exhibit 1 Joint Filing Agreement, dated as of July 13, 1999, entered into
by and among ESL Partners, L.P., ESL Limited, ESL Institutional
Partners, L.P., Acres Partners, L.P., and Marion Partners, L.P.
<PAGE> 1
EXHIBIT 1
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 AutoZone, 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 the 13th day of July, 1999.
ESL PARTNERS, L.P.
By: RBS Partners, L.P., its general partner
By: ESL Investments, Inc., its general partner
By: /s/ EDWARD S. LAMPERT
----------------------------------------
Edward S. Lampert
Chief Executive Officer
ESL LIMITED
By: ESL Investment Management, LLC,
its investment manager
By: /s/ EDWARD S. LAMPERT
----------------------------------------
Edward S. Lampert
Managing Member
ESL INSTITUTIONAL PARTNERS, L.P.
By: RBS Investment Management, LLC, its general
partner
By: /s/ EDWARD S. LAMPERT
----------------------------------------
Edward S. Lampert
Managing Member
ACRES PARTNERS, L.P.
By: ESL Investments, Inc., its general partner
By: /s/ EDWARD S. LAMPERT
----------------------------------------
Edward S. Lampert
Chief Executive Officer
MARION PARTNERS, L.P.
By: ESL Investments, Inc., its general partner
By: /s/ EDWARD S. LAMPERT
----------------------------------------
Edward S. Lampert
Chief Executive Officer
