<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(AMENDMENT NO. 2)
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 20, 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 Section 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>
- ---------------------------------------------------------------------------------------------------------------------------
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1
ESL Partners, L.P., a Delaware limited partnership
22-2875193
- ---------------------------------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
2
- ---------------------------------------------------------------------------------------------------------------------------
SEC USE ONLY
3
- ---------------------------------------------------------------------------------------------------------------------------
SOURCE OF FUNDS
4
WC
- ---------------------------------------------------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
5
N/A
- ---------------------------------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- ---------------------------------------------------------------------------------------------------------------------------
SOLE VOTING POWER
7
10,328,703
NUMBER OF -----------------------------------------------------------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 0
EACH -----------------------------------------------------------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
PERSON 9
WITH 10,328,703
-----------------------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
10
0
- ---------------------------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
20,986,300
- ---------------------------------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
12
N/A
- ---------------------------------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
14.10%(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
SCHEDULE 13D
- -------------------------------------
CUSIP No. 053332-10-2
- -------------------------------------
<TABLE>
<S> <C>
- ---------------------------------------------------------------------------------------------------------------------------
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1
ESL Limited, a Bermuda corporation
- ---------------------------------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
2
- ---------------------------------------------------------------------------------------------------------------------------
SEC USE ONLY
3
- ---------------------------------------------------------------------------------------------------------------------------
SOURCE OF FUNDS
4
WC
- ---------------------------------------------------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
5
N/A
- ---------------------------------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Bermuda
- ---------------------------------------------------------------------------------------------------------------------------
SOLE VOTING POWER
7
2,512,459
NUMBER OF -----------------------------------------------------------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 0
EACH -----------------------------------------------------------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
PERSON 9
WITH 2,512,459
-----------------------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
10
0
- ---------------------------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
20,986,300
- ---------------------------------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
12
N/A
- ---------------------------------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
14.10%(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
SCHEDULE 13D
- -------------------------------------
CUSIP No. 053332-10-2
- -------------------------------------
<TABLE>
<S> <C>
- ---------------------------------------------------------------------------------------------------------------------------
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1
ESL Institutional Partners, L.P., a Delaware limited partnership
06-1456821
- ---------------------------------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
2
- ---------------------------------------------------------------------------------------------------------------------------
SEC USE ONLY
3
- ---------------------------------------------------------------------------------------------------------------------------
SOURCE OF FUNDS
4
WC
- ---------------------------------------------------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
5
N/A
- ---------------------------------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- ---------------------------------------------------------------------------------------------------------------------------
SOLE VOTING POWER
7
333,470
NUMBER OF -----------------------------------------------------------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 0
EACH -----------------------------------------------------------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
PERSON 9
WITH 333,470
-----------------------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
10
0
- ---------------------------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
20,986,300
- ---------------------------------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
12
N/A
- ---------------------------------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
14.10%(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
SCHEDULE 13D
- -------------------------------------
CUSIP No. 053332-10-2
- -------------------------------------
<TABLE>
<S> <C>
- ---------------------------------------------------------------------------------------------------------------------------
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1
Acres Partners, L.P., a Delaware limited partnership
06-1458694
- ---------------------------------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
2
- ---------------------------------------------------------------------------------------------------------------------------
SEC USE ONLY
3
- ---------------------------------------------------------------------------------------------------------------------------
SOURCE OF FUNDS
4
WC
- ---------------------------------------------------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
5
N/A
- ---------------------------------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- ---------------------------------------------------------------------------------------------------------------------------
SOLE VOTING POWER
7
6,686,828
NUMBER OF -----------------------------------------------------------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 0
EACH -----------------------------------------------------------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
PERSON 9
WITH 6,686,828
-----------------------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
10
0
- ---------------------------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
20,986,300
- ---------------------------------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
12
N/A
- ---------------------------------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
14.10%(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
SCHEDULE 13D
- -------------------------------------
CUSIP No. 053332-10-2
- -------------------------------------
<TABLE>
<S> <C>
- ---------------------------------------------------------------------------------------------------------------------------
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
1
Marion Partners, L.P., a Delaware limited partnership
06-1527654
- ---------------------------------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
2
- ---------------------------------------------------------------------------------------------------------------------------
SEC USE ONLY
3
- ---------------------------------------------------------------------------------------------------------------------------
SOURCE OF FUNDS
4
WC
- ---------------------------------------------------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
5
N/A
- ---------------------------------------------------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- ---------------------------------------------------------------------------------------------------------------------------
SOLE VOTING POWER
7
1,124,840
NUMBER OF -----------------------------------------------------------------------------------------------------
SHARES SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 0
EACH -----------------------------------------------------------------------------------------------------
REPORTING SOLE DISPOSITIVE POWER
PERSON 9
WITH 1,124,840
-----------------------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
10
0
- ---------------------------------------------------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
20,986,300
- ---------------------------------------------------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
12
N/A
- ---------------------------------------------------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
14.10%(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. 2 to Schedule 13D (this "Amendment No. 2") amends
and supplements the Amendment No. 1 to Schedule 13D filed by ESL Partners, L.P.
("ESL"), ESL Limited ("Limited"), ESL Institutional Partners, L.P.
("Institutional"), Acres Partners, L.P. ("Acres"), and Marion Partners, L.P.
("Marion") 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 3. Source and Amount of Funds or Other Consideration.
Item 3 is hereby amended in its entirety as follows:
The total amount of funds required by ESL for the purchase of 476,657
Shares was approximately $12,399,596 and was obtained from working capital. The
total amount of funds required by Limited for the purchase of 170,396 Shares was
approximately $4,458,702 and was obtained from working capital. The total amount
of funds required by Institutional for the purchase of 17,504 Shares was
approximately $456,324 and was obtained from working capital. The total amount
of funds required by Acres for the purchase of 708,148 Shares was approximately
$18,659,798 and was obtained from working capital. The total amount of funds
required by Marion for the purchase of 216,995 Shares was approximately
$5,743,120 and was obtained from working capital.
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 21,
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 20,986,300 Shares (which is approximately 14.10% 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. 10,328,703 0 10,328,703 0
ESL Limited 2,512,459 0 2,512,459 0
ESL Institutional Partners, L.P. 333,470 0 333,470 0
Acres Partners, L.P. 6,686,828 0 6,686,828 0
Marion Partners, L.P. 1,124,840 0 1,124,840 0
</TABLE>
(c) Since the most recent filing on Schedule 13D, the only transactions
in the Shares by ESL were the purchase of (i) 4,848 Shares on July 14, 1999 for
a purchase price per share of $26.47, (ii) 7,500 Shares on July 16, 1999 for a
purchase price per share of $26.22, (iii) 246,217 Shares on July 19, 1999 for a
purchase price per share of $26.03, (iv) 69,291 Shares on July 19, 1999 for a
purchase price per share of $26.05, and (v) 148,801 Shares on July 20, 1999 for
a purchase price per share of $25.95. Since the most recent filing on Schedule
13D, the only transactions in the Shares by Limited were the purchase of (i)
59,612 Shares on July 14, 1999 for a purchase price per share of $26.47, (ii)
56,416 Shares on July 19, 1999 for a purchase price per share of $26.03, (iii)
18,173 Shares on July 19, 1999 for a purchase price per share of $26.05,
<PAGE> 8
and (iv) 36,195 Shares on July 20, 1999 for a purchase price per share of
$25.95. Since the most recent filing on Schedule 13D, the only transactions in
the Shares by Institutional were the purchase of (i) 2,430 Shares on July 14,
1999 for a purchase price per share of $26.47, (ii) 8,034 Shares on July 19,
1999 for a purchase price per share of $26.03, (iii) 2,236 Shares on July 19,
1999 for a purchase price per share of $26.05, and (iv) 4,804 Shares on July 20,
1999 for a purchase price per share of $25.95. Since the most recent filing on
Schedule 13D, the only transactions in the Shares by Acres were the purchase of
(i) 516,115 Shares on July 14, 1999 for a purchase price per share of $26.47,
(ii) 7,500 Shares on July 16, 1999 for a purchase price per share of $26.22, and
(iii) 184,533 Shares on July 19, 1999 for a purchase price per share of $26.03.
Since the most recent filing on Schedule 13D, the only transaction in the Shares
by Marion was the purchase of 216,995 Shares on July 14, 1999 for a purchase
price per share of $26.47.
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 21, 1999, entered
into by and among ESL, Limited, Institutional, Acres and Marion.
<PAGE> 9
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment No. 2 is true, complete
and correct.
Date: July 21, 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> 10
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Exhibit No. Description
- ----------- -----------
<S> <C>
Exhibit 1 Joint Filing Agreement, dated as of July 21, 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.
</TABLE>
<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 21st 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
