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.2)*
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)
July 12, 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 12 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 12 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 1,110,527 (See Item 6)
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH - 0 -
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,110,527 (See Item 6)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
1,110,527 (See Item 6)
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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)
7.12% (See Item 6)
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14 TYPE OF REPORTING PERSON*
IA; CO
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CUSIP NO. 75689M101 SCHEDULE 13D PAGE 3 OF 12 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 995,287 (See Item 6)
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH - 0 -
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
995,287 (See Item 6)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
995,287 (See Item 6)
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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)
6.38%(See Item 6)
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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 12 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
CLINTON SPECIAL OPPORTUNITIES 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 115,240
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH - 0 -
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
115,240
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
115,240
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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)
0.74%
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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 5 OF 12 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 1,110,527 (See Item 6)
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH - 0 -
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,110,527 (See Item 6)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
1,110,527 (See Item 6)
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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)
7.12% (See Item 6)
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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 6 OF 12 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 3,700
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH - 0 -
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,700
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
3,700
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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 7 OF 12 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 3,700
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH - 0 -
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,700
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
3,700
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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*
IN
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* SEE INSTRUCTIONS
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CUSIP NO. 75689M101 SCHEDULE 13D PAGE 8 OF 12 PAGES
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ITEM 1. SECURITY AND ISSUER.
The Schedule 13D filed on June 10, 2010 (the "Schedule 13D"), as
amended by Amendment No. 1 dated June 24, 2010 (the "First Amendment"), by the
Clinton Group, Inc., a Delaware corporation ("CGI"), Clinton Magnolia Master
Fund, Ltd., a Cayman Islands exempted company ("CMAG"), Clinton Special
Opportunities Master Fund, Ltd. a Cayman Islands exempted company ("CSO"),
George Hall (CGI, CMAG, CSO 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.2 to the Schedule 13D.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 of the Schedule 13D is hereby amended and restated in its
entirety as follows:
Funds for the purchase of the Shares reported herein were derived from
available capital of CMAG, CSO and SAL. A total of approximately $23,065,000 was
paid to acquire such Shares.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 of the Schedule 13D is hereby amended and restated in its
entirety as follows:
(a) The aggregate percentage of Shares beneficially owned by the
Reporting Persons is based upon 15,602,353 Shares outstanding, which is the
total number of Shares outstanding as of May 18, 2010 as reported in the
Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange
Commission on May 21, 2010 for the period ended April 18, 2010.
As of the close of business on July 12, 2010, Clinton may be deemed the
beneficial owners of an aggregate of 1,110,527 Shares constituting approximately
7.12% of the Shares outstanding. Spotlight may be deemed to beneficially own
3,700 shares, constituting less than 0.1% of the Shares outstanding.
By virtue of the Letter Agreement, 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 1,114,227 Shares,
constituting approximately 7.14% 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 and CSO,
CGI has the power to vote or direct the voting, and to dispose or direct the
disposition, of all of the 1,110,527 Shares beneficially owned by CMAG and CSO.
By virtue of his direct and indirect control of CGI and CSO, George Hall is
deemed to have shared voting power and shared dispositive power with respect to
all Shares as to which CGI and CSO has voting power or dispositive power.
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.
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CUSIP NO. 75689M101 SCHEDULE 13D PAGE 9 OF 12 PAGES
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(c) Information concerning transactions in the Shares effected by the
Reporting Persons during the past sixty days 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 10 OF 12 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: July 12, 2010
CLINTON GROUP, INC.
By: /s/ Francis Ruchalski
---------------------------
Name: Francis Ruchalski
Title: Chief Financial Officer
CLINTON MAGNOLIA MASTER FUND, LTD.
By: Clinton Group, Inc. its investment
manager
By: /s/ Francis Ruchalski
---------------------------
Name: Francis Ruchalski
Title: Chief Financial Officer
CLINTON SPECIAL OPPORTUNITIES MASTER FUND, LTD.
By: Clinton Group, Inc. its investment
Manager
By: /s/ Francis Ruchalski
---------------------------
Name: Francis Ruchalski
Title: Chief Financial Officer
/s/ George Hall
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George Hall
SPOTLIGHT ADVISORS, LLC
By: /s/ Gregory P. Taxin
---------------------------
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 11 OF 12 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 a Reporting Person during the past
sixty days. Unless otherwise indicated, all transactions were effectuated in the
open market through a broker.
SPOTLIGHT ADVISORS, LLC
EQUITY
Trade Date Shares Purchased (Sold) Price Per Share ($)
----------- ----------------------- -------------------
5/20/2010 700 21.20
CLINTON SPECIAL OPPORTUNITIES MASTER FUND, LTD.
EQUITY
Trade Date Shares Purchased (Sold) Price Per Share ($)
----------- ----------------------- -------------------
6/9/2010 50,000 18.15989
6/10/2010 47,000 18.788699
7/1/2010 18,240 17.504672
OPTIONS
Trade Date Expiration Date Quantity Strike Price ($)
------------ --------------- ---------- ----------------
6/10/2010 7/16/2010 (55,000) 20.00
6/15/2010 7/16/2010 (35,000) 20.00
6/25/2010 7/16/2010 5,000 20.00
6/29/2010 7/16/2010 11,300 20.00
7/1/2010 7/16/2010 1,200 20.00
7/2/2010 7/16/2010 10,000 20.00
7/12/2010 7/16/2010 10,000 20.00
CLINTON MAGNOLIA MASTER FUND, LTD.
EQUITY
Trade Date Shares Purchased (Sold) Price Per Share ($)
----------- ----------------------- -------------------
5/19/2010 (5,000) 25.16001
5/21/2010 75,019 20.01134
5/21/2010 40,700 25.00000
5/26/2010 45,000 20.05018
5/27/2010 51,710 20.08914
5/28/2010 (17,700) 20.75198
6/1/2010 100 25.00000
6/2/2010 25,000 19.25297
6/3/2010 (5,000) 19.98858
6/3/2010 1,600 25.00000
6/7/2010 2,500 25.00000
6/8/2010 (15,000) 17.27547
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CUSIP NO. 75689M101 SCHEDULE 13D PAGE 12 OF 12 PAGES
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6/15/2010 17,506 19.590843
6/15/2010 5,000 19.590843
6/17/2010 5,500 19.459758
6/17/2010 5,000 19.459758
6/18/2010 10,800 25.00
6/18/2010 24,800 20.00
6/18/2010 27,000 19.851008
6/18/2010 5,000 19.851008
6/18/2010 (2,000) 20.00
6/24/2010 11,444 18.366327
6/25/2010 5,000 18.41669
7/1/2010 2,500 17.505583
7/1/2010 5,000 17.505583
7/1/2010 1,100 17.57
7/1/2010 30,000 17.583
7/2/2010 5,100 19.221032
7/2/2010 5,000 19.221032
7/6/2010 25,000 18.5316
7/8/2010 2,000 18.68825
7/8/2010 5,000 18.68825
7/9/2010 37,922 19.507845
7/9/2010 5,000 19.507845
7/12/2010 15,000 20.835209
OPTIONS
Trade Date Expiration Date Quantity Strike Price ($)
------------ --------------- ---------- ----------------
5/17/2010 5/21/2010 (50,000) 25.00
5/19/2010 5/21/2010 (20,000) 25.00
5/20/2010 6/18/2010 (30,000) 25.00
5/20/2010 6/18/2010 (5,000) 22.50
5/20/2010 5/21/2010 (80,000) 25.00
5/21/2010 6/18/2010 20,000 25.00
5/21/2010 6/18/2010 45,100 25.00
5/21/2010 6/18/2010 (2,200) 20.00
5/24/2010 6/18/2010 (75,000) 20.00
5/24/2010 6/18/2010 45,000 25.00
5/25/2010 6/18/2010 10,000 25.00
5/28/2010 6/18/2010 (15,000) 20.00
5/28/2010 6/18/2010 (5,000) 20.00
6/3/2010 6/18/2010 (17,600) 20.00
6/3/2010 6/18/2010 (32,600) 20.00
6/7/2010 6/18/2010 10,000 20.00
6/8/2010 6/18/2010 (23,100) 17.50
6/8/2010 6/18/2010 10,000 25.00
6/9/2010 6/18/2010 4,100 22.50
6/17/2010 6/18/2010 23,100 17.50
6/17/2010 6/18/2010 22,500 20.00
6/25/2010 7/16/2010 5,000 17.50
7/1/2010 7/16/2010 (100) 17.50
7/2/2010 8/20/2010 (45,000) 20.00
7/9/2010 8/20/2010 (50,000) 20.00
7/9/2010 8/20/2010 (50,000) 20.00
7/12/2010 8/20/2010 (25,000) 22.50
7/12/2010 8/20/2010 (20,000) 20.00