SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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)
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
Red Robin Gourmet Burgers, Inc.
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(Name of Issuer)
Common Stock, Par Value $0.001 Per Share
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(Title of Class of Securities)
75689M101
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(CUSIP Number)
Marc Weingarten, Esq. and
David E. Rosewater, Esq.
Schulte Roth & Zabel LLP
919 Third Avenue
New York, New York 10022
(212) 756-2000
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 19, 2010
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(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. [ ]
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.
(Continued on following pages)
(Page 1 of 11 Pages)
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* 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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CUSIP NO. 75689M101 SCHEDULE 13D PAGE 2 OF 11 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
CLINTON GROUP, INC.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
- 0 -
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 870,486 (See Item 5)
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH - 0 -
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10 SHARED DISPOSITIVE POWER
870,486 (See Item 5)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
870,486 (See Item 5)
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.6% (See Item 5)
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14 TYPE OF REPORTING PERSON*
IA; CO
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CUSIP NO. 75689M101 SCHEDULE 13D PAGE 3 OF 11 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
CLINTON MAGNOLIA MASTER FUND, LTD.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS
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7 SOLE VOTING POWER
- 0 -
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 870,486 (See Item 5)
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH - 0 -
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
870,486 (See Item 5)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
870,486 (See Item 5)
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.6% (See Item 5)
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14 TYPE OF REPORTING PERSON*
CO
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* SEE INSTRUCTIONS
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CUSIP NO. 75689M101 SCHEDULE 13D PAGE 4 OF 11 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
GEORGE HALL
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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7 SOLE VOTING POWER
- 0 -
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 870,486 (See Item 5)
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH - 0 -
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
870,486 (See Item 5)
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
870,486 (See Item 5)
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.6% (See Item 5)
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14 TYPE OF REPORTING PERSON*
IN
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* SEE INSTRUCTIONS
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CUSIP NO. 75689M101 SCHEDULE 13D PAGE 5 OF 11 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
SPOTLIGHT ADVISORS, LLC.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
- 0 -
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,000
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH - 0 -
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,000
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
3,000
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 0.1%
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14 TYPE OF REPORTING PERSON*
CO
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* SEE INSTRUCTIONS
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CUSIP NO. 75689M101 SCHEDULE 13D PAGE 6 OF 11 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
GREGORY P. TAXIN
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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7 SOLE VOTING POWER
- 0 -
----------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 3,000
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH - 0 -
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,000
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
3,000
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 0.1%
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14 TYPE OF REPORTING PERSON*
IN
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* SEE INSTRUCTIONS
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CUSIP NO. 75689M101 SCHEDULE 13D PAGE 7 OF 11 PAGES
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ITEM 1. SECURITY AND ISSUER.
The Schedule 13D filed on December 22, 2009 (the "Schedule 13D"), as
amended by Amendment No. 1 dated January 8, 2010 (the "First Amendment"),
Amendment No. 2 dated February 16, 2010 (the "Second Amendment") and Amendment
No. 3 dated March 4, 2010 (the "Third Amendment"), by the Clinton Group, Inc., a
Delaware corporation ("CGI"), Clinton Magnolia Master Fund, Ltd., a Cayman
Islands exempted company ("CMAG"), George Hall (CGI, CMAG and George Hall,
collectively "Clinton"), Spotlight Advisors, LLC, a Delaware Limited Liability
Company ("SAL"), and Gregory Taxin (SAL and Gregory Taxin, collectively
"Spotlight," and collectively with Clinton, the "Reporting Persons") relating to
the shares of Common Stock, $0.001 par value per share (the "Shares"), of Red
Robin Gourmet Burgers, Inc., a Delaware corporation (the "Issuer"), is hereby
amended as set forth below by this Amendment No. 4 to the Schedule 13D (the
"Amendment").
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 of the Schedule 13D is being amended and restated in its entirety to
include the following:
Funds for the purchase of the Shares reported herein were derived from
available capital of CMAG and SAL. A total of approximately $14,000,000 was paid
to acquire such Shares.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 of the Schedule 13D is being amended and restated in its entirety to
include the following:
(a) The aggregate percentage of Shares beneficially owned by the
Reporting Persons is based upon 15,615,940 Shares outstanding, which is the
total number of Shares outstanding as of February 23, 2010 as reported in the
Issuer's Annual Report on Form 10-K filed with the Securities and Exchange
Commission on February 25, 2010 for the period ended December 27, 2009.
As of the close of business on March 22, 2010, Clinton may be deemed
the beneficial owners of an aggregate of 870,486 Shares constituting
approximately 5.6% of the Shares outstanding. The swap arrangements previously
disclosed by the Reporting Persons were unwound as set forth on Schedule B.
Spotlight may be deemed to beneficially own 3,000 shares, constituting less that
0.1% of the Shares outstanding.
By virtue of the Letter Agreement, filed as Exhibit 1 to the Schedule
13D and incorporated here by reference, the Reporting Persons may be deemed to
have formed a "group" within the meaning of Section 13(d)(3) of the Securities
Act of 1934 and may be deemed to beneficially own 873,486 Shares, constituting
approximately 5.6% of the Shares outstanding. However, (i) Clinton expressly
disclaims beneficial ownership of the Shares beneficially owned by Spotlight and
(ii) Spotlight expressly disclaims beneficial ownership of the Shares
beneficially owned by Clinton.
(b) By virtue of investment management agreements with CMAG, CGI has
the power to vote or direct the voting, and to dispose or direct the
disposition, of all of the 870,486 Shares beneficially owned by CMAG. By virtue
of his direct and indirect control of CGI, George Hall is deemed to have shared
voting power and shared dispositive power with respect to all Shares as to which
CGI has voting power or dispositive power.
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CUSIP NO. 75689M101 SCHEDULE 13D PAGE 8 OF 11 PAGES
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By virtue of his direct control as managing member of SAL, Gregory
Taxin is deemed to have shared voting power and shared dispositive power with
respect to all Shares as to which SAL has voting power or dispositive power.
(c) Information concerning transactions in the Shares effected by the
Reporting Persons since the filing of the Third Amendment is set forth in
Schedule B hereto and is incorporated herein by reference. Unless otherwise
indicated, all of such transactions were effected in the open market.
(d) No person (other than the Reporting Persons) is known to have the
right to receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, the Shares.
(e) Not applicable.
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CUSIP NO. 75689M101 SCHEDULE 13D PAGE 9 OF 11 PAGES
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SIGNATURES
After reasonable inquiry and to the best of his or its knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: March 23, 2010
CLINTON GROUP, INC.
By: /s/ Francis Ruchalski
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Name: Francis Ruchalski
Title: Chief Financial Officer
CLINTON MAGNOLIA MASTER FUND, LTD.
By: Clinton Group, Inc. its investment
manager
By: /s/ Francis Ruchalski
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Name: Francis Ruchalski
Title: Chief Financial Officer
/s/ George Hall
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George Hall
SPOTLIGHT ADVISORS, LLC
By: /s/ Gregory P. Taxin
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Name: Gregory P. Taxin
Title: Managing Member
/s/ Gregory P. Taxin
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Gregory P. Taxin
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CUSIP NO. 75689M101 SCHEDULE 13D PAGE 10 OF 11 PAGES
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SCHEDULE B
This Schedule sets forth information with respect to each purchase
and sale of Shares which were effectuated by the Reporting Persons since filing
the First Amendment. Unless otherwise indicated, all transactions were
effectuated in the open market through a broker.
CLINTON MAGNOLIA MASTER FUND, LTD.
EQUITY
Trade Date Shared Purchased (Sold) Price Per Share ($)
---------- ----------------------- -------------------
3/5/10 4,978.00 22.2973
3/5/10 (4,978.00) 22.9866
3/5/10 (20,022.00) 22.9866
3/5/10 (2,400.00) 20
3/8/10 (15,100.00) 20
3/9/10 (1,400.00) 20
3/10/10 (33,000.00) 24.15723
3/10/10 19,590.00 23.48878
3/10/10 (7,400.00) 20
3/12/10 (20,000.00) 25.01468
3/12/10 (900.00) 20
3/15/10 40,100.00 24.79996
3/15/10 (13,000.00) 20
3/16/10 16,000.00 25.25143
3/16/10 12,000.00 25.1895
3/16/10 (2,500.00) 20
3/16/10 (500.00) 22.5
3/17/10 10,400.00 25.57788
3/17/10 (3,400.00) 20
3/18/10 10,000.00 25.69023
3/19/10 (305,900.00) 20
3/19/10 (19,500.00) 22.5
OPTIONS
Trade Date Expiration Date Quantity Strike Price ($)
------------ ----------------- ---------- --------------
3/5/10 4/16/10 (100,000.00) 22.5
3/5/10 3/19/10 (20,000.00) 22.5
3/5/10 6/18/10 (100,000.00) 25
3/8/10 6/18/10 (35,000.00) 25
3/8/10 4/16/10 (61,000.00) 25
3/9/10 4/16/10 (10,300.00) 25
3/9/10 6/18/10 (90,000.00) 25
3/10/10 6/18/10 (20,000.00) 25
3/10/10 4/16/10 (22,200.00) 25
3/11/10 4/16/10 (10,000.00) 25
3/11/10 6/18/10 (50,000.00) 25
3/12/10 6/18/10 (10,000.00) 25
3/12/10 4/16/10 (35,000.00) 25
3/15/10 4/16/10 (25,000.00) 25
3/15/10 6/18/10 (95,000.00) 25
3/16/10 4/16/10 (45,000.00) 25
3/17/10 4/16/10 (15,000.00) 22.5
3/17/10 6/18/10 (40,000.00) 25
3/17/10 4/16/10 (15,000.00) 25
3/18/10 6/18/10 (45,000.00) 25
3/19/10 4/16/10 100.00 22.5
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CUSIP NO. 75689M101 SCHEDULE 13D PAGE 11 OF 11 PAGES
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SWAPS
Trade Date Quantity Price ($)
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3/8/10 (19,800.00) 23.4241
3/9/10 (5,200.00) 23.4277
3/9/10 (33,800.00) 23.4277