UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
BLYTH, INC.
(Name of Issuer)
Common Stock, par value $0.02 per share
(Title of Class of Securities)
09643P207
(CUSIP Number)
Robert B. Goergen
c/o Blyth, Inc.
One East Weaver St.
Greenwich, Connecticut 06831
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
- with copies to -
Harold B. Finn III, Esq.
Finn Dixon & Herling LLP
177 Broad Street
Stamford, CT 06901
December 6, 2013
(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 §§ 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 Rule 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.
CUSIP No. 09643P207
| 1 | NAMES OF REPORTING PERSONS
Robert B. Goergen |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [ ] (b) [ X ] |
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| 3 |
SEC USE ONLY
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| 4 |
SOURCE OF FUNDS (See Instructions)
PF |
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| 5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
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| 6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
United States |
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| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 |
SOLE VOTING POWER 4,131,299 |
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SHARED VOTING POWER 1,617,492 |
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SOLE DISPOSITIVE POWER 4,131,299 |
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SHARED DISPOSITIVE POWER 1,617,492 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,748,791 |
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| 12 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ X ] Excludes 206,690 shares held by Mrs. Goergen as to which Mr. Goergen disclaims beneficial ownership. (see Instructions) |
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| 13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 35.9% |
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| 14 |
TYPE OF REPORTING PERSON (see Instructions)
IN |
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CUSIP No. 09643P207
| 1 | NAMES OF REPORTING PERSONS
Pamela M. Goergen | | |||||||||||||||||||
| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [ ] (b) [ X] | | |||||||||||||||||||
| 3 |
SEC USE ONLY
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| 4 |
SOURCE OF FUNDS (See Instructions)
PF | | |||||||||||||||||||
| 5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
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| 6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
United States | | |||||||||||||||||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 |
SOLE VOTING POWER 206,690 | |
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SHARED VOTING POWER 1,617,492 |
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SOLE DISPOSITIVE POWER 206,690 |
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SHARED DISPOSITIVE POWER 1,617,492 |
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| 11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,824,182 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ X ] Excludes an aggregate of 4,131,299 shares held directly by Mr. Goergen as to which Mrs. Goergen disclaims beneficial ownership. (see Instructions) |
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| 13 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.4% |
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| 14 |
TYPE OF REPORTING PERSON (see Instructions)
IN |
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CUSIP No. 09643P207
| 1 | NAMES OF REPORTING PERSONS
The Goergen Foundation, Inc. |
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| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [ ] (b) [ X ] |
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| 3 |
SEC USE ONLY
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| 4 |
SOURCE OF FUNDS (See Instructions)
OO |
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| 5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
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| 6 |
CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut |
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| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 |
SOLE VOTING POWER -0- |
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| 8 |
SHARED VOTING POWER 64,742 |
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SOLE DISPOSITIVE POWER -0- |
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SHARED DISPOSITIVE POWER 64,742 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 64,742 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
(see Instructions) |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.4% |
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TYPE OF REPORTING PERSON (see Instructions)
CO |
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CUSIP No. 09643P207
| 1 | NAMES OF REPORTING PERSONS
Ropart Investments, LLC |
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| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [ ] (b) [ X ] |
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| 3 |
SEC USE ONLY
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SOURCE OF FUNDS (See Instructions)
OO |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
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CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut |
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| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 |
SOLE VOTING POWER -0- |
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| 8 |
SHARED VOTING POWER 1,552,750 |
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SOLE DISPOSITIVE POWER -0- |
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SHARED DISPOSITIVE POWER 1,552,750 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,552,750 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
(see Instructions) |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.7% |
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TYPE OF REPORTING PERSON (see Instructions)
OO-LLC |
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CUSIP No. 09643P207
| 1 | NAMES OF REPORTING PERSONS Robert B. Goergen, Jr. |
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| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [ ] (b) [ X ] |
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| 3 |
SEC USE ONLY
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SOURCE OF FUNDS (See Instructions)
PF |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
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CITIZENSHIP OR PLACE OF ORGANIZATION United States |
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| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 |
SOLE VOTING POWER 339,625 |
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SHARED VOTING POWER 1,801,719 |
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SOLE DISPOSITIVE POWER 339,625 |
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SHARED DISPOSITIVE POWER
1,801,719 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,141,344 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ X ] Excludes an aggregate of 8,528 shares held directly by Stacey Goergen as to which Robert B. Goergen, Jr. disclaims beneficial ownership. (see Instructions) |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.4% |
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TYPE OF REPORTING PERSON (see Instructions) IN |
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CUSIP No. 09643P207
| 1 | NAMES OF REPORTING PERSONS Todd A. Goergen |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [ ] (b) [ X ] |
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| 3 |
SEC USE ONLY
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| 4 |
SOURCE OF FUNDS (See Instructions)
PF |
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| 5 |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
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| 6 |
CITIZENSHIP OR PLACE OF ORGANIZATION United States |
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| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 |
SOLE VOTING POWER 62,830 |
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SHARED VOTING POWER 2,133,555 |
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SOLE DISPOSITIVE POWER 62,830 |
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SHARED DISPOSITIVE POWER 2,133,555 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,196,385 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ X] Excludes an aggregate of 5,600 shares held directly by Emma Goergen as to which Todd A. Goergen disclaims beneficial ownership. (see Instructions) |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13.7% |
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TYPE OF REPORTING PERSON (see Instructions)
IN |
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CUSIP No. 09643P207
| 1 | NAMES OF REPORTING PERSONS Stacey Goergen |
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| 2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [ ] (b) [ X ] |
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| 3 |
SEC USE ONLY
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| 4 |
SOURCE OF FUNDS (See Instructions)
PF |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
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CITIZENSHIP OR PLACE OF ORGANIZATION United States |
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| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 |
SOLE VOTING POWER 8,528 |
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SHARED VOTING POWER -0- |
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SOLE DISPOSITIVE POWER 8,528 |
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SHARED DISPOSITIVE POWER -0- |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 8,528 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ X ] Excludes an aggregate of 2,141,344 shares held directly or indirectly by Robert B. Goergen, Jr. as to which Stacey Goergen disclaims beneficial ownership. (see Instructions) |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.05% |
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TYPE OF REPORTING PERSON (see Instructions)
IN |
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CUSIP No. 09643P207
| 1 | NAMES OF REPORTING PERSONS Emma Goergen |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [ ] (b) [ X ] |
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SEC USE ONLY
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SOURCE OF FUNDS (See Instructions)
PF |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
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CITIZENSHIP OR PLACE OF ORGANIZATION United States |
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| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 |
SOLE VOTING POWER 5,600 |
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SHARED VOTING POWER -0- |
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SOLE DISPOSITIVE POWER 5,600 |
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SHARED DISPOSITIVE POWER -0- |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,600 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ X ] Excludes an aggregate of 2.196,385 shares held directly or indirectly by Todd A. Goergen as to which Emma Goergen disclaims beneficial ownership. (see Instructions) |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.03% |
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TYPE OF REPORTING PERSON (see Instructions)
IN |
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AMENDMENT NO. 5 TO SCHEDULE 13D
This Amendment No. 5 to Schedule 13D (“Amendment No. 5”) is being filed on behalf of the Reporting Persons relating to shares of common stock of Blyth, Inc., a Delaware corporation (the “Issuer”), $0.02 par value per share (the “Common Stock”). Amendment No. 5 amends and supplements the Schedule 13D filed by the Reporting Persons on July 13, 2011, as amended by Amendment No. 1 to Schedule 13D filed by the Reporting Persons on March 30, 2012, as amended by Amendment No. 2 to Schedule 13D filed by the Reporting Persons on November 30, 2012, as amended by Amendment No. 3 to Schedule 13D filed by the Reporting Persons on December 26, 2012 and as amended by Amendment No. 4 to Schedule 13D filed by the Reporting Persons on April 8, 2013 (“Schedule 13D”). Unless otherwise defined herein, all capitalized terms used herein shall have the respective meanings given such terms in the Schedule 13D and unless amended and supplemented hereby, all information previously filed remains in effect.
Item 2. Identity and Background
Item 2(c)(i) is hereby amended to read as follows: Mr. Goergen is chairman of the board of directors of the Issuer, the president and a director of the Foundation and a manager of Ropart.
Item 2(c)(v) is hereby amended to read as follows: RBG is president, chief executive officer and a director of the Issuer, a director of the Foundation and a manager of Ropart.
Item 3. Source and Amount of Funds or Other Consideration
Item 3 is hereby supplemented by the addition of the following:
Since April 8, 2013, Mr. Goergen has given an aggregate of 14,000 shares of Common Stock, as gifts, to RBG, TAG, SG and EG. Such shares are reflected in this Amendment No. 5 as beneficially owned by RBG, TAG, SG and EG, as applicable. In addition, since April 8, 2013, Mr. Goergen has given an aggregate of 104 shares of Common Stock, as gifts, to persons other than Reporting Persons (such gifts, together with the gifts described in the preceding sentence, are herein referred to as the “2013 Gifts”). Since April 8, 2013, certain stock awards granted to RBG have vested with the effect that RBG’s beneficial ownership has increased by 7,096 shares in respect of such stock awards. Such increase in beneficial ownership by RBG is reflected in this Amendment No. 5.
Since April 8, 2013, Mrs. Goergen has purchased for investment, out of her own assets, 10,000 shares of Common Stock, TAG has purchased for investment, out of his own assets, 20,000 shares of Common Stock and the Foundation has purchased for investment, out of its own assets, 20,000 shares of Common Stock. No part of the purchase price paid by Mrs. Goergen, TAG or the Foundation was borrowed for the purpose of acquiring such securities.
On December 6, 2013, Mr. Goergen contributed 200,000 shares of Common Stock to Ropart as a capital contribution (the “2013 Capital Contribution”). Each of Mr. Goergen, Mrs. Goergen, RBG and TAG is a manager and a member of Ropart and may be deemed to be the beneficial owner of shares held by Ropart. As a result of Mr. Goergen’s contribution, the beneficial ownership of each of Mrs. Goergen, RBG and TAG increased by 200,000 shares.
Item 4. Purpose of the Transaction
Item 4 is supplemented by the addition of the following:
The 2013 Capital Contribution was made for no consideration other than an increase in Mr. Goergen’s percentage ownership of Ropart. The 2013 Gifts were given for no consideration.
Mrs. Goergen, TAG and the Foundation purchased the shares of Common Stock described in Item 3 above based on their respective beliefs that such shares, when purchased, were undervalued and represented an attractive investment opportunity.
Item 5. Interest in Securities of the Issuer
Item 5 is hereby amended and restated in its entirety as follows:
The approximate percentages of shares of Common Stock reported as beneficially owned by the Reporting Persons is based upon 16,016,689 shares outstanding as of October 31, 2013, as reported by the Issuer in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2013, plus, with respect to certain Reporting Persons, shares issuable upon exercise of options to acquire Common Stock and vested restricted stock units as described in the following sentence. Amounts shown as beneficially owned by Mrs. Goergen include 7500 vested restricted stock units held by Mrs. Goergen. Amounts shown as beneficially owned by RBG include 11,942 vested restricted stock units held by RBG.
(a), (b) As of the date hereof, the following is the beneficial ownership and percentage of the Issuer’s Common Stock outstanding for each of the Reporting Persons:
(i)
(A)
Mr. Goergen beneficially owns directly 4,131,299 shares of Common Stock (all of which shares of Common Stock are held in a living trust for the benefit of Mr. Goergen, of which Mr. Goergen is the trustee). Mr. Goergen is the spouse of Mrs. Goergen and, pursuant to Rule 13d-3 (“Rule 13d-3”) promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), may be deemed to beneficially own indirectly the 206,690 shares of Common Stock directly beneficially owned by Mrs. Goergen. Mr. Goergen disclaims beneficial ownership of the 206,690 shares of Common Stock beneficially owned by Mrs. Goergen, and the filing of this statement shall not be construed as an admission that Mr. Goergen is, for the purposes of Sections 13(d) or (g) of the Exchange Act, the beneficial owner of such shares. Mr. Goergen is the President and a member of the board of directors of the Foundation, and pursuant to Rule 13d-3, may be deemed to beneficially own the 64,742 shares of Common Stock held by the Foundation. Mr. Goergen is a manager and a member of Ropart and, pursuant to Rule 13d-3, may be deemed to beneficially own the 1,552,750 shares of Common Stock held by Ropart. Collectively, Mr. Goergen may be deemed to beneficially own (excluding shares beneficially owned by Mrs. Goergen and not Mr. Goergen) 35.9% of the outstanding shares of Common Stock.
(B)
Mrs. Goergen beneficially owns directly 206,690 shares of Common Stock (which includes 199,190 shares held in a living trust for the benefit of Mrs. Goergen, of which Mrs. Goergen is the trustee, and 7,500 vested restricted stock units of the Issuer (the receipt of which has been deferred until Mrs. Goergen retires from the board of directors). Mrs. Goergen is the spouse of Mr. Goergen and, pursuant to Rule 13d-3, may be deemed to beneficially own indirectly the 4,131,299 shares of Common Stock directly held by Mr. Goergen. Mrs. Goergen disclaims beneficial ownership of the 4,131,299 shares of Common Stock directly beneficially owned by Mr. Goergen, and the filing of this statement shall not be construed as an admission that Mrs. Goergen is, for the purposes of Sections 13(d) or (g) of the Exchange Act, the beneficial owner of such shares. Mrs. Goergen is a member of the board of directors of the Foundation, and, pursuant to Rule 13d-3, may be deemed to beneficially own the 64,742 shares of Common Stock held by the Foundation. Mrs. Goergen is a manager and a member of Ropart and, pursuant to Rule 13d-3, may be deemed to beneficially own the 1,552,750 shares of Common Stock held by Ropart. Collectively, Mrs. Goergen may be deemed to beneficially own (excluding shares beneficially owned by Mr. Goergen and not Mrs. Goergen) 11.4% of the outstanding shares of Common Stock.
(C)
The Foundation beneficially owns directly 64,742 shares of Common Stock or 0.4% of the outstanding shares of Common Stock.
(D)
Ropart beneficially owns directly 1,552,750 shares of Common Stock or 9.7% of the outstanding shares of Common Stock.
(E)
RBG beneficially owns directly 339,625 shares of Common Stock (which includes 11,942 vested restricted stock units). RBG is a manager and a member of Ropart and, pursuant to Rule 13d-3, may be deemed to beneficially own the 1,552,750 shares of Common Stock held by Ropart. RBG may be deemed to beneficially own indirectly 33,714 shares of Common Stock held by the Trust fbo Robert B. Goergen, Jr., 33,714 shares of Common Stock held by the Trust fbo Todd A. Goergen, and 101,146 shares of Common Stock held by a Generation Skipping Trust, as to each of which RBG is the co-trustee with TAG, and 15,653 shares of Common Stock held in different trusts for the benefit of his children, as to each of which he is the sole trustee. RBG is a member of the board of directors of the Foundation, and pursuant to Rule 13d-3, may be deemed to beneficially own the 64,742 shares of Common Stock held by the Foundation. RBG is the spouse of SG and, pursuant to Rule 13d-3, may be deemed to beneficially own indirectly the 8,528 shares of Common Stock beneficially owned by SG. RBG disclaims beneficial ownership of the 8,528 shares of Common Stock beneficially owned by SG, and the filing of this statement shall not be construed as an admission that RBG is, for the purposes of Sections 13(d) or (g) of the Exchange Act, the beneficial owner of such shares. This report does not include 175,000 shares of Common Stock held by the Robert B. Goergen Jr. Irrevocable Trust, as to which RBG is the beneficiary, because none of the Reporting Persons have the power to vote and dispose or to direct the voting and disposition of such shares. Collectively, RBG may be deemed to beneficially own (excluding shares beneficially owned by SG and the Robert B. Goergen Jr. Irrevocable Trust) 13.4% of the outstanding shares of Common Stock.
(F)
SG beneficially owns directly 8,528 shares of Common Stock. SG is the spouse of RBG and, pursuant to Rule 13d-3, may be deemed to beneficially own indirectly the 339,625 shares of Common Stock directly held by RBG, the aggregate of 168,574 shares of Common Stock indirectly beneficially owned by RBG as co-trustee of the Trust fbo Robert B. Goergen, Jr., the Trust fbo Todd A. Goergen, and the Generation Skipping Trust, 15,653 shares of Common Stock indirectly beneficially owned by RBG as trustee of various trusts for the benefit of his children, the 1,552,750 shares of Common Stock indirectly beneficially owned by RBG through Ropart and the 64,742 shares of Common Stock indirectly beneficially owned by RBG through the Foundation. SG disclaims beneficial ownership of the 2,141,344 shares of Common Stock beneficially owned by RBG (either directly or indirectly), and the filing of this statement shall not be construed as an admission that SG is, for the purposes of Sections 13(d) or (g) of the Exchange Act, the beneficial owner of such shares. Collectively, SG may be deemed to beneficially own (excluding shares beneficially owned by RBG) 0.05% of the outstanding shares of Common Stock.
(G)
TAG beneficially owns directly 62,830 shares of Common Stock. TAG is a manager and a member of Ropart and, pursuant to Rule 13d-3, may be deemed to beneficially own the 1,552,750 shares of Common Stock held by Ropart. TAG is a member of TAGAPT, LLC and may be deemed to beneficially own indirectly 80,000 shares of Common Stock held by TAGAPT, LLC. TAG may be deemed to beneficially own indirectly 33,714 shares of Common Stock held by the Trust fbo Robert B. Goergen, Jr., 33,714 shares of Common Stock held by the Trust fbo Todd A. Goergen, 101,146 shares of Common Stock held by the Generation Skipping Trust, as to each of which TAG is the co-trustee with RBG, and 4,305 shares of Common Stock held in trust for the benefit of his children, as to which he is the sole trustee. TAG is the spouse of EG and, pursuant to Rule 13d-3, may be deemed to beneficially own indirectly the 5,600 shares of Common Stock beneficially owned by EG. TAG disclaims beneficial ownership of the 5,600 shares of Common Stock beneficially owned by EG, and the filing of this statement shall not be construed as an admission that TAG is, for the purposes of Sections 13(d) or (g) of the Exchange Act, the beneficial owner of such shares. TAG is a member of the board of directors of the Foundation, and pursuant to Rule 13d-3, may be deemed to beneficially own the 64,742 shares of Common Stock held by the Foundation. TAG is the co-trustee of the Meliora II Charitable Remainder Trust, and pursuant to Rule 13d-3, may be deemed to beneficially own 263,184 shares of Common Stock held by such trust. This report does not include 56,150 shares of Common Stock held by the Todd A. Goergen Irrevocable Trust, as to which TAG is the beneficiary, because none of the Reporting Persons has the power to vote and dispose or to direct the voting and disposition of such shares. Collectively, TAG may be deemed to beneficially own (excluding shares beneficially owned by EG and shares held by the Todd A. Goergen Irrevocable Trust) 13.7% of the outstanding shares of Common Stock.
(H)
EG beneficially owns directly 5,600 shares of Common Stock. EG is the spouse of TAG and, pursuant to Rule 13d-3, may be deemed to beneficially own indirectly the 62,830 shares of Common Stock directly beneficially owned by TAG, the aggregate of 168,574 shares of Common Stock indirectly beneficially owned by TAG as co-trustee of the Trust fbo Robert B. Goergen, Jr., the Trust fbo Todd A. Goergen, the Generation Skipping Trust, and the 4,305 shares of Common Stock indirectly beneficially owned by TAG as trustee of a trust for the benefit of his children, the 1,552,750 shares of Common Stock indirectly held by TAG through Ropart, the 80,000 shares of Common Stock held by TAGAPT, LLC, the 263,184 shares of Common Stock held by Meliora II Charitable Remainder Trust of which TAG is the co-trustee, and the 64,742 shares of Common Stock held by the Foundation. EG disclaims beneficial ownership of the 2,196,385 shares of Common Stock beneficially owned by TAG (either directly or indirectly), and the filing of this statement shall not be construed as an admission that EG is, for the purposes of Sections 13(d) or (g) of the Exchange Act, the beneficial owner of such shares. Collectively, EG may be deemed to beneficially own (excluding shares beneficially owned by TAG) 0.03% of the outstanding shares of Common Stock.
(ii)
(A)
Mr. Goergen has the sole power to vote and dispose of, or to direct the voting and disposition of, the aggregate of 4,131,299 shares of Common Stock beneficially owned by him.
(B)
Mrs. Goergen has the sole power to vote and dispose of, or to direct the voting and disposition of an aggregate of 206,690 shares of Common Stock beneficially owned by her.
(C)
Mr. Goergen, Mrs. Goergen, RBG and TAG have the shared power to vote and dispose of, or to direct the voting and disposition of the aggregate of 64,742 shares of Common Stock beneficially owned by the Foundation.
(D)
Mr. Goergen, Mrs. Goergen, RBG and TAG have the shared power to vote and dispose of, or to direct the voting and disposition of, the 1,552,750 shares of Common Stock beneficially owned by Ropart.
(E)
RBG has the sole power to vote and dispose of, or to direct the voting and disposition of, the aggregate of 339,625 shares of Common Stock beneficially owned directly by him. RBG has the sole power to vote and dispose of, or direct the voting and disposition of the aggregate of 15,653 shares of Common Stock held by various trusts for the benefit of his children. RBG has the shared power to vote and dispose or to direct the voting and disposition of the aggregate of 33,714 shares of Common Stock held by the Trust fbo Robert B. Goergen, Jr., 33,714 shares of Common Stock held by the Trust fbo Todd A Goergen and 101,146 shares of Common Stock held by the Generation Skipping Trust.
(F)
SG has the sole power to vote and dispose of, or to direct the voting and disposition of, the aggregate of 8,528
shares of Common Stock beneficially owned by her.
(G)
TAG has the sole power to vote and dispose of, or to direct the voting and disposition of, the aggregate of 62,830 shares of Common Stock beneficially owned directly by him. TAG has the sole power to vote and dispose of or direct the voting and disposition of the 4,305 shares of Common Stock held in trust for his children. TAG has the shared power to vote and dispose of or, to direct the voting and disposition of the aggregate of 33,714 shares of Common Stock held by the Trust fbo Robert B. Goergen, Jr., 33,714 shares of Common Stock held by the Trust fbo Todd A Goergen, 101,146 shares of Common Stock held by the Generation Skipping Trust, 263,184 shares of Common Stock held by Meliora II Charitable Remainder Trust and 80,000 shares of Common Stock held by TAGAPT, LLC.
(H)
EG has the sole power to vote and dispose of, or to direct the voting and disposition of the aggregate of 5,600 shares of Common Stock beneficially owned by her.
(c) The Reporting Persons have not engaged in transactions with respect to the Issuer’s Common Stock in the past sixty (60) days, except for the contribution by Mr. Goergen of 200,000 shares of Common Stock of the Issuer to Ropart, which was made on December 6, 2013.
(d) Except as set forth in this Item 5, no person other than those listed above is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the shares of Common Stock reported in this Schedule 13D.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Item 6 is hereby amended and restated in its entirety as follows:
Pursuant to Rule 13d-1(k) promulgated under the Exchange Act, the Reporting Persons have entered into a Joint Filing Agreement with respect to the joint filing of this statement and any amendments hereto, a copy of which is filed as Exhibit 99.1 hereto.
In response to an unsolicited conditional proposal from CVSL, Inc., on December 11, 2013, RBG, writing on his own behalf and on behalf of Mr. Goergen, Mrs. Goergen and TAG, advised CVSL, Inc. that “the members of the Goergen family have no interest in rolling their equity interests in Blyth, Inc. into a new private subsidiary of CVSL and are not willing to do so.” In such letter, RBG further advised CVSL, Inc. that “we do not intend to give your proposal further consideration.” A copy of RBG’s letter is filed as Exhibit 99.4 hereto.
Other than as described in this Schedule 13D and the agreements attached hereto and incorporated herein by reference, to the best knowledge of the Reporting Persons, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer.
Item 7. Material to be Filed as Exhibits
Exhibit 99.1
Joint Filing Agreement by and among the Reporting Persons, dated July 13, 2011 (Previously Filed).
Exhibit 99.2
Amended and Restated Employment Agreement between the Issuer and Robert B. Goergen dated December 11, 2008 (incorporated by reference to Exhibit 10.1 of the Issuer’s Current Report on Form 8-K filed on December 12, 2008) (Previously Filed).
Exhibit 99.3
Amendment No. 1 dated December 10, 2009 to Amended and Restated Employment Agreement between the Issuer and Robert B. Goergen dated December 11, 2008 (incorporated by reference to Exhibit 10.1 of the Issuer’s Current Report on Form 8-K filed on December 10, 2009) (Previously Filed).
Exhibit 99.4
Letter dated December 11, 2013, from RBG to CVSL, Inc.
Exhibit 24
Power of Attorney for Reporting Persons, dated July 20, 2012 (Previously Filed).
Signatures
After reasonable inquiry and to the best of their knowledge and belief, each of the undersigned certifies that the information in this Amendment No. 5 is true, complete and correct.
Dated: December 11, 2013
|
| ROBERT B. GOERGEN By: /s/Harold B. Finn III Name: Harold B. Finn III Title: Attorney-in-Fact for Robert B. Goergen |
|
| PAMELA M. GOERGEN By: /s/Harold B. Finn III Name: Harold B. Finn III Title: Attorney-in-Fact for Pamela M. Goergen |
|
| THE GOERGEN FOUNDATION, INC. By: /s/Harold B. Finn III Name: Harold B. Finn III Title: Attorney-in-Fact for Robert B. Goergen, President |
|
| ROPART INVESTMENTS, LLC By: /s/Harold B. Finn III Name: Harold B. Finn III Title: Attorney-in-Fact for Robert B. Goergen, Manager |
|
| ROBERT B. GOERGEN, JR. By: /s/Harold B. Finn III Name: Harold B. Finn III Title: Attorney-in-Fact for Robert B. Goergen, Jr. |
|
| TODD A. GOERGEN By: /s/Harold B. Finn III Name: Harold B. Finn III Title: Attorney-in-Fact for Todd A. Goergen |
|
| STACEY GOERGEN By: /s/Harold B. Finn III Name: Harold B. Finn III Title: Attorney-in-Fact for Stacey Goergen |
|
| EMMA GOERGEN By: /s/Harold B. Finn III Name: Harold B. Finn III Title: Attorney-in-Fact for Emma Goergen |
Exhibit Index
Exhibit No.
Description
Exhibit 99.1
Joint Filing Agreement by and among the Reporting Persons dated July 13, 2011 (Previously Filed).
Exhibit 99.2
Amended and Restated Employment Agreement between the Issuer and Robert B. Goergen dated December 11, 2008 (incorporated by reference to Exhibit 10.1 of the Issuer’s Current Report on Form 8-K field on December 12, 2008) (Previously Filed).
Exhibit 99.3
Amendment No. 1 dated December 10, 2009 to Amended and Restated Employment Agreement between the Issuer and Robert B. Goergen dated December 11, 2008 (incorporated by reference to Exhibit 10.1 of the Issuer’s Current Report on Form 8-K filed on December 10, 2009) (Previously Filed).
Exhibit 99.4
Letter dated December 11, 2013 from Robert B. Goergen, Jr. to CVSL, Inc.
Exhibit 24
Power of Attorney for Reporting Persons, dated July 20, 2012 (Previously Filed).