SC 13D (Amendment No. 6)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 6)*

 

 

GLOBAL SHIP LEASE, INC.

(Name of Issuer)

Class A Common Shares, Par Value $0.01 per share

(Title of Class of Securities)

Y27183105

(CUSIP Number)

Michael S. Gross

500 Park Avenue

New York, NY 10022

(212) 993-1675

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

January 2, 2019

(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 §240.13d-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 (however, see the Notes).

 

 

 


CUSIP No. Y27183105

 

  1       

  Names of Reporting Persons

 

  Michael S. Gross

  2      

  Check the Appropriate Box If a Member of a Group (See Instructions)

  a.  ☒        b.  ☐

 

  3      

  SEC Use Only

 

  4      

  Source of Funds (See Instructions)

 

  PF

  5      

  Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6      

  Citizenship or Place of Organization

 

  United States of America

Number of

Shares

  Beneficially  

Owned By

Each

Reporting

Person

With

    7       

  Sole Voting Power

 

  10,371,755

  8       

  Shared Voting Power

 

  380,999 (1)

  9       

  Sole Dispositive Power

 

  10,752,754

    10       

  Shared Dispositive Power

 

  0

11      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  10,752,754

12      

  Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13      

  Percent of Class Represented By Amount in Row (11)

 

  13.5% (2)

14      

  Type of Reporting Person (See Instructions)

 

  IN

 

(1)

See Item 4 disclosure regarding Subject Stock described in the Voting Agreement.

(2)

Based on 79,543,921 Class A Common Shares outstanding as of January 2, 2019, based on information received from Global Ship Lease, Inc. (the “Issuer”).


CUSIP No. Y27183105

 

  1       

  Names of Reporting Persons

 

  Marathon Founders, LLC

  2      

  Check the Appropriate Box If a Member of a Group (See Instructions)

  a.  ☒        b.  ☐

 

  3      

  SEC Use Only

 

  4      

  Source of Funds (See Instructions)

 

  AF

  5      

  Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6      

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

  Beneficially  

Owned By

Each

Reporting

Person

With

    7       

  Sole Voting Power

 

  6,217,712

  8       

  Shared Voting Power

 

  0

  9       

  Sole Dispositive Power

 

  6,217,712

    10       

  Shared Dispositive Power

 

  0

11      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  6,217,712

12      

  Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13      

  Percent of Class Represented By Amount in Row (11)

 

  7.8% (1)

14      

  Type of Reporting Person (See Instructions)

 

  OO

 

(1)

Based on 79,543,921 Class A Common Shares outstanding as of January 2, 2019, based on information received from the Issuer.


Amendment No. 6 to Schedule 13D

This Amendment No. 6 (“Amendment No. 6”) to Schedule 13D is being filed by the undersigned to amend the Schedule 13D which was originally filed with the Securities and Exchange Commission (“SEC”) on August 25, 2008, as amended by Amendment No. 1 filed on August 28, 2008, Amendment No. 2 filed on November 20, 2009, Amendment No. 3 filed on December 1, 2009, Amendment No. 4 filed on November 2, 2018, and Amendment No. 5 filed on November 21, 2018. This Amendment No. 6 amends and supplements the Schedule 13D as specifically set forth herein.

All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D, as amended. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable.

Item 4. Purpose of the Transaction.

Item 4 of the Schedule 13D is supplemented and superseded, as the case may be, as follows:

As a Change of Control under the Issuer’s Amended and Restated Articles of Incorporation was deemed to have occurred as a result of the Closing and the effectiveness of the agreements pursuant to the Voting Agreement, effective on January 2, 2019, the 3,416,355 Class B Common Shares of the Issuer held by Marathon Founders converted on a one-for-one basis into shares of Class A Common Stock.

The Reporting Persons intend to review their investment in the Issuer on a continuing basis and may from time to time and at any time in the future depending on various factors, including, without limitation, the Issuer’s financial position and strategic direction, actions taken by the Issuer’s Board of Directors, price levels of the Issuer’s securities, other investment opportunities available to the Reporting Persons, conditions in the securities market and general economic and industry conditions, take such actions with respect to the investment in the Issuer as they deem appropriate. These actions may include: (i) acquiring additional shares of Class A Common Stock and/or other equity, debt, notes, other securities, or derivative or other instruments that are based upon or relate to the value of securities of the Issuer (collectively, “Securities”) in the open market or otherwise; (ii) disposing of any or all of their Securities in the open market or otherwise; (iii) engaging in any hedging or similar transactions with respect to the Securities; or (iv) proposing or considering one or more of the actions described in subsections (a) through (j) of Item 4 of Schedule 13D.

Except as set forth herein, the Reporting Persons do not have present plans or proposals at this time that relate to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

Item 5. Interest in Securities of the Issuer.

Item 5 of the Schedule 13D is hereby amended and restated as follows:

(a) and (b) Items 7 through 11 and 13 of each of the cover pages of this Schedule 13D are incorporated herein by reference. Such information is based on 79,543,921 shares of Class A Common Stock outstanding as of January 2, 2019, based on information received from the Issuer.

Michael S. Gross directly holds 4,535,042 shares of Class A Common Stock. Marathon Founders directly holds 6,217,712 shares of Class A Common Stock. As the Managing Member of Marathon Founders, Mr. Gross may be deemed to exercise voting and investment power over all securities of the Issuer held by Marathon Founders and thus may be deemed to beneficially own such securities.

If the Voting Agreement Parties are deemed to have formed a Section 13(d) group, such group would beneficially own 35,165,454 shares of Class A Common Stock in the aggregate, although in no case does any of Kelso, CMA CGM or Mr. Gross have or share voting or investment power with respect to the entirety of that number of shares of Class A Common Stock. See the discussion of the Voting Agreement and Subject Stock in Item 4.


(c)

The disclosure in Item 4 is incorporated herein by reference. Except as disclosed herein, the Reporting Persons have not effected any transactions in shares of Class A Common Stock during the past 60 days.

 

(d)

Not applicable.

 

(e)

Not applicable.


SIGNATURES

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

Date: January 3, 2019

 

By:  

/s/ Michael S. Gross

Name:   Michael S. Gross
MARATHON FOUNDERS, LLC
By:  

/s/ Michael S. Gross

Name:   Michael S. Gross
Title:   Managing Member