NUCO Nuco2 (MM)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No. 5) *

 

 

 

NUCO2 INC.

(Name of Issuer)

 

 

Common Shares, $0.001 Par Value

(Title of Class of Securities)

 

 

629428103

(CUSIP Number)

 

 

David K. Robbins, Esq.

Bingham McCutchen LLP

355 South Grand Avenue, 44 ^th Floor

Los Angeles, CA 90071

(213) 680-6400

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

 

May 8, 2008

(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 which is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(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 §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 ).

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SCHEDULE 13D

CUSIP No. 629428103

 

 

1		NAMES OF REPORTING PERSONS               Shamrock Activist Value Fund, L.P.
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (S EE INSTRUCTIONS ) (a)   x (b)   ¨
3		SEC USE ONLY
4		SOURCE OF FUNDS (S EE INSTRUCTIONS )                WC
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)                Not Applicable		¨
6		CITIZENSHIP OR PLACE OF ORGANIZATION                Delaware

NUMBER OF   SHARES   BENEFICIALLY   OWNED BY   EACH   REPORTING   PERSON   WITH		7     SOLE VOTING POWER                0
		8     SHARED VOTING POWER                732,465 Common Shares*
		9     SOLE DISPOSITIVE POWER                0
		10     SHARED DISPOSITIVE POWER                732,465 Common Shares*

11		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   732,465 Common Shares*
12		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (S EE INSTRUCTIONS )		¨
13		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   4.94%*
14		TYPE OF REPORTING PERSON (S EE INSTRUCTIONS )   PN

 

*	See Item 5 hereof

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SCHEDULE 13D

CUSIP No. 629428103

 

 

1		NAMES OF REPORTING PERSONS               Shamrock Activist Value Fund II, L.P.
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (S EE INSTRUCTIONS ) (a)   x (b)   ¨
3		SEC USE ONLY
4		SOURCE OF FUNDS (S EE INSTRUCTIONS )                WC
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)                Not Applicable		¨
6		CITIZENSHIP OR PLACE OF ORGANIZATION                Virginia

NUMBER OF   SHARES   BENEFICIALLY   OWNED BY   EACH   REPORTING   PERSON   WITH		7     SOLE VOTING POWER                0
		8     SHARED VOTING POWER                138,233 Common Shares*
		9     SOLE DISPOSITIVE POWER                0
		10     SHARED DISPOSITIVE POWER                138,233 Common Shares*

11		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   138,233 Common Shares*
12		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (S EE INSTRUCTIONS )		¨
13		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   .93%*
14		TYPE OF REPORTING PERSON (S EE INSTRUCTIONS )   PN

 

*	See Item 5 hereof

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SCHEDULE 13D

CUSIP No. 629428103

 

 

1		NAMES OF REPORTING PERSONS               Shamrock Activist Value Fund III, L.P.
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (S EE INSTRUCTIONS ) (a)   x (b)   ¨
3		SEC USE ONLY
4		SOURCE OF FUNDS (S EE INSTRUCTIONS )                WC
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)                Not Applicable		¨
6		CITIZENSHIP OR PLACE OF ORGANIZATION                Delaware

NUMBER OF   SHARES   BENEFICIALLY   OWNED BY   EACH   REPORTING   PERSON   WITH		7     SOLE VOTING POWER                0
		8     SHARED VOTING POWER                15,588 Common Shares*
		9     SOLE DISPOSITIVE POWER                0
		10     SHARED DISPOSITIVE POWER                15,588 Common Shares*

11		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   15,588 Common Shares*
12		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (S EE INSTRUCTIONS )		¨
13		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   0.11%*
14		TYPE OF REPORTING PERSON (S EE INSTRUCTIONS )   PN

 

*	See Item 5 hereof

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SCHEDULE 13D

CUSIP No. 629428103

 

 

1		NAMES OF REPORTING PERSONS               Shamrock Activist Value Fund GP, L.L.C.
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (S EE INSTRUCTIONS ) (a)   x (b)   ¨
3		SEC USE ONLY
4		SOURCE OF FUNDS (S EE INSTRUCTIONS )                Not Applicable
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)                Not Applicable		¨
6		CITIZENSHIP OR PLACE OF ORGANIZATION                Delaware

NUMBER OF   SHARES   BENEFICIALLY   OWNED BY   EACH   REPORTING   PERSON   WITH		7     SOLE VOTING POWER                0
		8     SHARED VOTING POWER                886,286 Common Shares*
		9     SOLE DISPOSITIVE POWER                0
		10     SHARED DISPOSITIVE POWER                886,286 Common Shares*

11		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   886,286 Common Shares*
12		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (S EE INSTRUCTIONS )		¨
13		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   5.98%*
14		TYPE OF REPORTING PERSON (S EE INSTRUCTIONS )   OO

 

*	See Item 5 hereof

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SCHEDULE 13D

CUSIP No. 629428103

 

 

1		NAMES OF REPORTING PERSONS               Shamrock Partners Activist Value Fund, L.L.C.
2		CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (S EE INSTRUCTIONS ) (a)   x (b)   ¨
3		SEC USE ONLY
4		SOURCE OF FUNDS (S EE INSTRUCTIONS )                Not Applicable
5		CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)                Not Applicable		¨
6		CITIZENSHIP OR PLACE OF ORGANIZATION                Delaware

NUMBER OF   SHARES   BENEFICIALLY   OWNED BY   EACH   REPORTING   PERSON   WITH		7     SOLE VOTING POWER                886,286 Common Shares*
		8     SHARED VOTING POWER                0
		9     SOLE DISPOSITIVE POWER                886,286 Common Shares*
		10     SHARED DISPOSITIVE POWER                0

11		AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   886,286 Common Shares*
12		CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (S EE INSTRUCTIONS )		¨
13		PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   5.98%*
14		TYPE OF REPORTING PERSON (S EE INSTRUCTIONS )   OO

 

*	See Item 5 hereof

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INTRODUCTION

This statement amends the Schedule 13D dated August 3, 2007 as amended by Amendment No. 1, dated September 17, 2007, Amendment No. 2, dated October 18, 2007, Amendment No. 3, dated November 6, 2007, and Amendment No. 4, dated January 31, 2008 (as amended, the “Amended Schedule 13D”), filed by Shamrock Activist Value Fund, L.P., a Delaware limited partnership (“SAVF”), Shamrock Activist Value Fund II, L.P., a Virginia limited partnership (“SAVF II”), Shamrock Activist Value Fund III, L.P., a Delaware limited partnership (“SAVF III” and, together with SAVF and SAVF II, the “Shamrock Activist Value Fund”), Shamrock Activist Value Fund GP, L.L.C., a Delaware limited liability company (the “General Partner”), and Shamrock Partners Activist Value Fund, L.L.C., a Delaware limited liability company (“Shamrock Partners” and, collectively with SAVF, SAVF II, SAVF III and the General Partner, the “Reporting Persons”), with respect to Common Shares, $0.001 par value per share (“Common Shares”), of NuCO2 Inc., a Florida corporation (the “Company”). Capitalized terms used and not defined in this Amendment No. 5 shall have the meanings set forth in the Amended Schedule 13D. Except as specifically provided herein, this Amendment No. 5 does not modify any of the information previously reported in the Amended Schedule 13D.

1. ITEM 2 OF THE AMENDED SCHEDULE 13D IS HEREBY AMENDED AND RESTATED IN ITS ENTIRETY:

 

ITEM 2.

Identity and Background .

(a)-(c), (f). The Reporting Persons are: (i) Shamrock Activist Value Fund, L.P., a Delaware limited partnership (“SAVF”), (ii) Shamrock Activist Value Fund II, L.P., a Virginia limited partnership (“SAVF II”), (iii) Shamrock Activist Value Fund III, L.P., a Delaware limited partnership (“SAVF III”), (iv) Shamrock Activist Value Fund GP, L.L.C., a Delaware limited liability company and the general partner of SAVF, SAVF II and SAVF III (the “General Partner”) and (v) Shamrock Partners Activist Value Fund, L.L.C., a Delaware limited liability company and the managing member of the General Partner (“Shamrock Partners”). The principal business of SAVF, SAVF II and SAVF III (SAVF, SAVF II and SAVF III collectively, are referred to herein as “Shamrock Activist Value Fund”) is investing in the securities of publicly traded small and micro-cap companies in the United States. The principal business of the General Partner is acting as general partner of Shamrock Activist Value Fund, and the principal business of Shamrock Partners is acting as the managing member of the General Partner.

The managing members of Shamrock Partners are Shamrock Holdings of California, Inc., a California corporation (“SHOC”), and Stanley P. Gold, an individual who is President of SHOC. All of the capital stock of SHOC is owned by Shamrock Holdings, Inc., a Delaware corporation (“SHI”). SHOC and SHI, together with their subsidiary entities, are holding companies engaged in the making, holding and disposing of investments in various industries, principally in the United States and Israel.

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The Roy E. Disney Trust and the Patricia A. Disney Trust each own approximately 2.26% of the common stock of SHI. Roy Patrick Disney, Susan Disney Lord, Abigail Edna Disney and Timothy J. Disney own an aggregate of approximately 45.4% of the common stock of SHI. In addition, Stanley P. Gold is the sole trustee of four trusts established for the benefit of Roy Patrick Disney, Susan Disney Lord, Abigail Edna Disney and Timothy J. Disney, which hold an aggregate of approximately 50% of SHI common stock. Mr. Gold is also the trustee of the Patricia Disney Trust.

The principal executive offices of Shamrock Activist Value Fund, the General Partner, Shamrock Partners, SHOC and SHI are located at 4444 W. Lakeside Drive, Burbank, California 91505.

The business address of each of the persons listed below is 4444 W. Lakeside Drive, Burbank, California 91505. The names and principal occupations or employments of the directors, executive officers and controlling persons of Shamrock Activist Value Fund, the General Partner, Shamrock Partners, SHOC and SHI are as follows:

 

Name		Principal Occupation Or Employment
Roy E. Disney		Chairman of the Board of Directors of SHI and SHOC. Chairman of the Board of Directors of Shamrock Capital Advisors, Inc., a Delaware corporation (“SCA”) (a subsidiary of SHOC that provides management and consulting services, principally to SHOC and investment partnerships organized by SHOC, including businesses in which such partnerships invest). The principal executive office of SCA is 4444 W. Lakeside Drive, Burbank, CA 91505.
Abigail E. Disney		Vice Chairman of the Board of Directors of SHI and Executive Vice President of SHOC; investor.
Roy Patrick Disney		Director of SHI; investor.
Susan Disney Lord		Director of SHI; investor.
Timothy J. Disney		Director of SHI; investor.
Stanley P. Gold		Director and President of SHI and SHOC. Director, President and Managing Director of SCA. Managing Member and President of Shamrock Partners.

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Michael J. McConnell		Managing Director of SCA; Vice President of SHOC and Shamrock Partners.
Eugene I. Krieger		Vice Chairman of the Board of Directors and Chief Operating Officer of SHI. Vice Chairman of the Board of Directors of SCA. Vice President of SHOC and Shamrock Partners.
Robert G. Moskowitz		Executive Vice President of SHI and SHOC; Managing Director of SCA.
Gregory S. Martin		Chief Financial Officer and Treasurer of SHOC, SHI, SCA and Shamrock Partners.

All of the persons listed above are citizens and residents of the United States.

(d)-(e) During the last five years, none of the Reporting Persons or, to the Reporting Persons’ best knowledge, any of their directors, executive officers or controlling persons, as the case may be, has 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 such person 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.

2. ITEM 5 OF THE AMENDED SCHEDULE 13D IS HEREBY AMENDED TO ADD THE FOLLOWING INFORMATION:

 

ITEM 5.

Interests in Securities of the Issuer .

(a), (b) SAVF, SAVF II and SAVF III are controlled by the General Partner. As a result, each of SAVF, SAVF II and SAVF III may be deemed members of a group and may be deemed to beneficially own for purposes of Section 13(d) the shares beneficially owned for such purposes by the others.

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As the general partner of each of SAVF, SAVF II and SAVF III, the General Partner may be deemed to beneficially own the 886,286 Common Shares owned by Shamrock Activist Value Fund, constituting approximately 5.98% of the issued and outstanding Common Shares. As the managing member of the General Partner, Shamrock Partners may be deemed to beneficially own the 886,286 Common Shares owned by Shamrock Activist Value Fund, constituting approximately 5.98% of the issued and outstanding Common Shares. Shamrock Partners has sole voting and dispositive power with respect to the 886,286 Common Shares owned by Shamrock Activist Value Fund by virtue of its authority to vote and dispose of such Common Shares. Finally, each of the controlling persons of Shamrock Partners may be deemed to beneficially own the 886,286 Common Shares owned by Shamrock Activist Value Fund, pursuant to Rule 13d-3 under the Act. Those controlling persons were identified in Item 2 of this Amendment No. 5.

The percentage of ownership figures set forth in this response to Items 5(a) and 5(b) assumes that 14,813,032 Common Shares were outstanding as of May 8, 2008, based on the information contained in the Company’s Proxy Statement filed with the United States Securities and Exchange Commission on April 10, 2008.

(c) During the last 60 days, SAVF, SAVF II and SAVF III disposed of Common Shares on such dates, in such amounts and at such per share prices (excluding brokerage fees) as indicated on the Schedule of Transactions attached hereto as Exhibit 12 and incorporated herein by reference. All such transactions were effected in the open market on the Nasdaq National Market.

Except as set forth above, none of the Reporting Persons beneficially owns any Common Shares or has effected any transactions in Common Shares during the last 60 days.

(d) Not applicable.

(e) Not applicable.

3. ITEM 7 OF THE SCHEDULE 13D IS HEREBY AMENDED TO ADD THE FOLLOWING INFORMATION:

 

ITEM 7.

Material to be Filed as Exhibits .

 

Exhibit				Document
Exhibit 12		—		Schedule of Transactions
Exhibit 13		—		Joint Filing Agreement, dated August 3, 2007, among Shamrock Activist Value Fund, L.P., Shamrock Activist Value Fund II, L.P., Shamrock Activist Value Fund III, L.P., Shamrock Activist Value Fund GP, L.L.C. and Shamrock Partners Activist Value Fund, L.L.C.

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SIGNATURES

After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct.

Date: May 9, 2008

 

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Exhibit Index

 

Exhibit				Document
Exhibit 12		—		Schedule of Transactions
Exhibit 13		—		Joint Filing Agreement, dated August 3, 2007, among Shamrock Activist Value Fund, L.P., Shamrock Activist Value Fund II, L.P., Shamrock Activist Value Fund III, L.P., Shamrock Activist Value Fund GP, L.L.C. and Shamrock Partners Activist Value Fund, L.L.C.