SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
Amendment No. 1
Daisytek International Corporation
(Name of Issuer)
Common Stock
(Title of Class of Securities)
234053 10 6
(CUSIP Number)
Eminence Capital, LLC
200 Park Avenue
Suite 3300
New York, New York 10166
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
- with copies to -
Michael G. Tannenbaum, Esq.
Tannenbaum Helpern Syracuse & Hirschtritt
900 Third Avenue - 13th Floor
New York, New York 10022
(212) 508-6700
July 19, 2000
(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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the
following box [_].
<PAGE>
CUSIP No. 234053 10 6 13D Page 2 of 6
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Eminence Capital, LLC
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(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) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
1,610,000 shares
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0 shares
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
1,610,000 shares
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0 shares
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,610,000 shares
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.97% of Common Stock
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
OO
________________________________________________________________________________
Page 2 of 6 Pages
<PAGE>
CUSIP No. 234053 10 6 SCHEDULE 13D
Item 1. Security and Issuer.
Security: Common Stock
Issuer: Daisytek International Corporation (the "Issuer")
500 No. Central Expressway
Plano, TX 75074
Item 2. Identity and Background.
(a) Eminence Capital, LLC ("Eminence").
(b) 200 Park Avenue, Suite 3300, New York, New York 10166.
(c) Eminence serves as an investment manager to domestic and off-shore
investment vehicles.
(d) - (e) During the last five years, neither Eminence nor any of its
principals, to the best of their knowledge, have been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors), or has been a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which any of the foregoing was or is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
(f) New York.
Item 3. Source and Amount of Funds or Other Consideration.
All of the shares of the Issuer were acquired through working capital of
the investment vehicles managed by Eminence.
Item 4 Purpose of Transaction
Eminence does not have any plans or proposals which would result in any of
the following:
a. the acquisition by any person of additional securities of the Issuer, or
the disposition of securities of the Issuer;
b. an extraordinary corporate transaction, such as a merger, reorganization
or liquidation, involving the Issuer or any of its subsidiaries;
Pages 3 of 6 Pages
<PAGE>
c. a sale or transfer of a material amount of assets of the Issuer or any
of its subsidiaries;
d. any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number or term of
directors or to fill any vacancies on the board;
e. any material change in the present capitalization or dividend policy of
the Issuer;
f. any other material change in the Issuer's business or corporate
structure;
g. changes in the Issuer's charter, by-laws or instruments corresponding
thereto or other actions which may impede the acquisition of control of the
Issuer by any person;
h. causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted in
an interdealer quotation system of a registered national securities
association;
i. causing a class of securities of the Issuer to become eligible for
termination of registration pursuant to Section 12(g)(4) of the Act; or
j. any action similar to any of those enumerated above.
Item 5. Interest in Securities of the Issuer.
(a) - (b) As the holder of sole voting and investment authority over the
shares owned by its advisory clients, Eminence may be deemed, for purposes of
Rule 13d-3 under the Securities Exchange Act of 1934, as amended, to be the
beneficial owner of the aggregate amount of 1,610,000 shares representing
approximately 9.97% of the outstanding shares of the Issuer (based upon
16,142,273 shares outstanding as of August 14, 2000, as reported on the latest
10-Q of the Issuer). Eminence disclaims any economic interest or beneficial
ownership of the shares covered by this Statement.
Pages 4 of 6 Pages
<PAGE>
(c) The following is the list of transactions of Eminence in the securities of
the Issuer since the most recent filing of Schedule 13D.
<TABLE>
<CAPTION>
------------------ ------------------------------ -------------------------- ---------------------------
Date Amount of Securities Price/Share Type
------------------ ------------------------------ -------------------------- ---------------------------
<S> <C> <C> <C>
4/17/00 44,700 $ 13.7570 Open Market Purchase
4/18/00 24,000 $ 13.8750 Open Market Purchase
5/2/00 10,000 $ 11.5625 Open Market Purchase
5/3/00 17,700 $ 11.6502 Open Market Purchase
5/4/00 1,000 $ 11.6875 Open Market Purchase
5/5/00 5,000 $ 11.6490 Open Market Purchase
5/8/00 12,500 $ 10.8958 Open Market Purchase
5/26/00 4,700 $ 9.2500 Open Market Purchase
5/30/00 4,100 $ 9.2332 Open Market Purchase
6/12/00 27,300 $ 11.6875 Open Market Sale
6/13/00 100,000 $ 12.4223 Open Market Sale
6/13/00 5,000 $ 13.0000 Open Market Sale
6/14/00 5,000 $ 12.7500 Open Market Sale
6/14/00 14,700 $ 12.7818 Open Market Sale
6/16/00 8,500 $ 12.5138 Open Market Purchase
6/16/00 25,000 $ 12.5625 Open Market Purchase
6/21/00 10,000 $ 11.5000 Open Market Sale
7/18/00 148,800 $ 7.3456 Open Market Sale
7/19/00 50,000 $ 7.3750 Open Market Sale
9/28/00 20,000 $ 6.3125 Open Market Purchase
9/29/00 20,000 $ 6.3125 Open Market Purchase
10/2/00 10,000 $ 6.3125 Open Market Purchase
10/3/00 10,000 $ 6.3125 Open Market Purchase
10/4/00 90,000 $ 6.3125 Open Market Purchase
10/4/00 70,000 $ 6.3125 Open Market Purchase
10/6/00 10,000 $ 6.0625 Open Market Purchase
10/6/00 10,000 $ 6.1250 Open Market Purchase
10/10/00 40,000 $ 6.0000 Open Market Purchase
10/11/00 12,000 $ 5.1250 Open Market Purchase
10/18/00 53,000 $ 5.2500 Open Market Purchase
10/19/00 30,000 $ 5.3750 Open Market Purchase
10/19/00 12,000 $ 5.3750 Open Market Purchase
10/20/00 25,000 $ 5.3125 Open Market Purchase
10/24/00 113,000 $ 5.1250 Open Market Purchase
10/24/00 25,000 $ 5.0000 Open Market Purchase
10/30/00 83,000 $ 4.6875 Open Market Purchase
10/31/00 177,000 $ 4.5625 Open Market Purchase
</TABLE>
Pages 5 of 6 Pages
<PAGE>
(d) Not applicable.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
Not applicable.
Item 7. Material to be Filed as Exhibits
Not applicable.
Signatures
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: November 10, 2000
EMINENCE CAPITAL, LLC
By: Ricky C. Sandler, Managing Member
/s/ Ricky C. Sandler
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