UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934*
(Amendment No. 5)*
Deluxe Corporation
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(Name of Issuer)
Common Stock, par value $1.00 per share
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(Title of Class of Securities)
248019-10-1
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(CUSIP Number)
June 30, 2003
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed: [ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* 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 the
disclosures provided in a prior cover page.
The information required in 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).
Person Authorized to Receive Notices and Communications:
Janice V. Sharry, Esq.
Haynes and Boone, LLP
901 Main Street, Suite 3100
Dallas, Texas 75202
(214) 651-5562
SCHEDULE 13G
CUSIP No. - 248019-10-1 Page 2 of 11 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
ESL Partners, L.P., a Delaware limited partnership
22-2875193
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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 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
-------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 3,478,473
BENEFICIALLY -----------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON -----------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
3,478,473
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
-------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,866,870
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
------- ----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.6%
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12 TYPE OF REPORTING PERSON
PN
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CUSIP No. - 248019-10-1 Page 3 of 11 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
ESL Limited, a Bermuda corporation
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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 CITIZENSHIP OR PLACE OR ORGANIZATION
Bermuda
-------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 437,482
SHARES
BENEFICIALLY -----------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON -----------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
437,482
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
-------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,866,870
------- ----------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
------- ----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.6%
------- ----------------------------------------------------------------
12 TYPE OF REPORTING PERSON
CO
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CUSIP No. - 248019-10-1 Page 4 of 11 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
ESL Institutional Partners, L.P., a Delaware limited
partnership 06-1456821
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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 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
-------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 141,326
BENEFICIALLY -----------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON -----------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
141,326
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
------- ----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,866,870
------- ----------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
------- ----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.6%
------- ----------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
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CUSIP No. - 248019-10-1 Page 5 of 11 Pages
------- ----------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
ESL Investors, L.L.C., a Delaware limited liability
company 13-4095958
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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 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
-------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 1,530,730
BENEFICIALLY -----------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON -----------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
1,530,730
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
------- ----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,866,870
------- ----------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
------- ----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.6%
------- ----------------------------------------------------------------
12 TYPE OF REPORTING PERSON
OO
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CUSIP No. - 248019-10-1 Page 6 of 11 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
KP I Partners, L.P., a Delaware limited partnership
86-1069224
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
------- ----------------------------------------------------------------
3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
-------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 278,859
BENEFICIALLY -----------------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON -----------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
278,859
-----------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
------- ----------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,866,870
------- ----------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
------- ----------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.6%
------- ----------------------------------------------------------------
12 TYPE OF REPORTING PERSON
PN
------- ----------------------------------------------------------------
CUSIP No. - 248019-10-1 Page 7 of 11 Pages
Item 1(a) Name of Issuer:
Deluxe Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
3680 Victoria Street North
Shoreview, Minnesota 55126-2966
Item 2(a) Names of Persons Filing:
ESL Partners, L.P.
ESL Limited
ESL Institutional Partners, L.P.
ESL Investors, L.L.C.
KP I Partners, L.P.
Item 2(b) Addresses of Principal Business Offices:
ESL Partners, L.P., ESL Institutional Partners, L.P.,
ESL Investors, L.L.C. and KP I Partners, L.P.:
200 Greenwich Avenue
Greenwich, CT 06830
ESL Limited
Hemisphere House
9 Church Street
Hamilton, Bermuda
Item 2(c) Citizenship:
ESL Partners, L.P. - Delaware
ESL Limited - Bermuda
ESL Institutional Partners, L.P. - Delaware
ESL Investors, L.L.C. - Delaware
KP I Partners, L.P. - Delaware
Item 2(d) Title of Class of Securities:
Common Stock, par value $1.00 per share
Item 2(e) CUSIP Number:
248019-10-1
CUSIP No. - 248019-10-1 Page 8 of 11 Pages
Item 3 Status of Persons Filing:
(a) [ ] Broker or dealer registered under section 15
of the Act (15 U.S.C. 78o);
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c);
(c) [ ] Insurance company as defined in section
3(a)(19) of the Act (15 U.S.C. 78c);
(d) [ ] Investment company registered under section 8
of the Investment Company Act of 1940 (15 U.S.C.
80a-8);
(e) [ ] An investment adviser in accordance with
Section 240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in
accordance with Section 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in
accordance with Section 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section
3(b) of the Federal Deposit Insurance Act (12
U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).
Item 4 Ownership:
(a) Amount Beneficially Owned: 5,866,870 shares of Common Stock,
par value $1.00 per share.
This statement is filed on behalf of a group consisting of ESL
Partners, L.P., a Delaware limited partnership ("ESL"), ESL
Limited, a Bermuda corporation ("Limited"), ESL Institutional
Partners, L.P., a Delaware limited partnership ("Institutional"),
ESL Investors, L.L.C., a Delaware limited liability company
("Investors"), and KP I Partners, L.P., a Delaware limited
partnership ("KPI"), sometimes referred to collectively as the
"ESL Reporting Group." The general partner of ESL is RBS
Partners, L.P. (the "General Partner"). The general partner of
the General Partner of ESL is ESL Investments, Inc., a Delaware
corporation. ESL Investment Management, LLC, a Delaware limited
liability company ("ESLIM"), is the investment manager of Limited
and the general partner of KPI. RBS Investment Management, LLC, a
Delaware limited liability company ("RBSIM"), is the general
partner of Institutional. RBS Partners, L.P. is the manager of
Investors. In the aforementioned capacities, ESL, Limited,
Institutional, Investors and KPI each may be deemed to be the
beneficial owner of the shares of Deluxe Corporation common stock
beneficially owned by the other members of the group.
As of June 30, 2003, (i) ESL was the record owner of 3,478,473
shares of common stock of Deluxe Corporation; (ii) Limited was
the record owner of 437,482 shares of common stock of Deluxe
Corporation; (iii) Institutional was the record owner of 141,326
shares of common stock of Deluxe Corporation; (iv) Investors was
the record owner of 1,530,730 shares of common stock of Deluxe
Corporation; and (v) KPI was the record owner of 278,859 shares
of common stock of Deluxe Corporation.
(b) Percent of Class: 10.6%.
CUSIP No. - 248019-10-1 Page 9 of 11 Pages
(c) Number of shares as to which each person has:
(i) sole power to vote or to direct the vote:
See Item 5 of each cover page.
(ii) shared power to vote or to direct the vote: 0.
(iii) sole power to dispose or to direct the disposition of:
See Item 7 of each cover page.
(iv) shared power to dispose or to direct the disposition of: 0.
Item 5 Ownership of 5% or Less of a Class:
Not applicable.
Item 6 Ownership of More than 5% on Behalf of Another Person:
Not applicable.
Item 7 Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on By the Parent Holding Company:
Not applicable.
Item 8 Identification and Classification of Members of the Group:
See Item 4(a).
Item 9 Notice of Dissolution of Group:
Not applicable.
Item 10 Certification:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not
acquired and are not held in connection with or as a participant in
any transaction having that purpose or effect.
CUSIP No. - 248019-10-1 Page 10 of 11 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: July 2, 2003
ESL PARTNERS, L.P.
By: RBS Partners, L.P., its general partner
By: ESL Investments, Inc., its general partner
By: /s/ William C. Crowley
-------------------------------------
William C. Crowley
President and Chief
Operating Officer
ESL LIMITED
By: ESL Investment Management, LLC,
its investment manager
By: /s/ William C. Crowley
-------------------------------------
William C. Crowley
Member
ESL INSTITUTIONAL PARTNERS, L.P.
By: RBS Investment Management, LLC,
its general partner
By: /s/ William C. Crowley
-------------------------------------
William C. Crowley
Member
CUSIP No. - 248019-10-1 Page 11 of 11 Pages
ESL INVESTORS, L.L.C.
By: RBS Partners, L.P., its manager
By: ESL Investments, Inc., its general partner
By: /s/ William C. Crowley
-------------------------------------
William C. Crowley
President and Chief
Operating Officer
KP I PARTNERS, L.P.
By: ESL Investment Management, LLC,
its general partner
By: /s/ William C. Crowley
-------------------------------------
William C. Crowley
Member
EXHIBITS
Exhibit 1 Joint Filing Agreement, dated as of June 30, 2003,
entered into by and among ESL Partners, L.P., ESL Limited,
ESL Institutional Partners, L.P., ESL Investors, L.L.C.
and KP I Partners, L.P.
EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) promulgated under the Securities Exchange
Act of 1934, as amended, the persons named below agree to the joint filing on
behalf of each of them a Statement on Schedule 13G (including amendments
thereto) with regard to the common stock of Deluxe Corporation, and further
agree that this Joint Filing Agreement be included as an Exhibit to such joint
filings. In evidence thereof, the undersigned, being duly authorized, hereby
execute this Agreement as of June 30, 2003.
ESL PARTNERS, L.P.
By: RBS Partners, L.P., its general partner
By: ESL Investments, Inc., its general partner
By: /s/ William C. Crowley
-----------------------------------------
William C. Crowley
President and Chief
Operating Officer
ESL LIMITED
By: ESL Investment Management, LLC,
its investment manager
By: /s/ William C. Crowley
-----------------------------------------
William C. Crowley
Member
ESL INSTITUTIONAL PARTNERS, L.P.
By: RBS Investment Management, LLC,
its general partner
By: /s/ William C. Crowley
-----------------------------------------
William C. Crowley
Member
ESL INVESTORS, L.L.C.
By: RBS Partners, L.P., its manager
By: ESL Investments, Inc., its general partner
By: /s/ William C. Crowley
-----------------------------------------
William C. Crowley
President and Chief
Operating Officer
KP I PARTNERS, L.P.
By: ESL Investment Management, LLC,
its general partner
By: /s/ William C. Crowley
-----------------------------------------
William C. Crowley
Member