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. 9)*
Lenox Group Inc.
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(Name of Issuer)
Common Stock, $0.01 par value per share
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(Title of Class of Securities)
526262100
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(CUSIP Number)
Marc Weingarten, 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)
September 17, 2008
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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 8 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. 526262100 SCHEDULE 13D PAGE 2 OF 8 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) [ ]
(b) [X]
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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-
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,602,977
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
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10 SHARED DISPOSITIVE POWER
2,602,977
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,602,977
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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)
18.0%
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14 TYPE OF REPORTING PERSON*
IA; CO
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* SEE INSTRUCTIONS
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CUSIP NO. 526262100 SCHEDULE 13D PAGE 3 OF 8 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
CLINTON MULTISTRATEGY MASTER FUND, LTD.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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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 765,240
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
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10 SHARED DISPOSITIVE POWER
765,240
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
765,240
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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)
5.3%
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14 TYPE OF REPORTING PERSON*
CO
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* SEE INSTRUCTIONS
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CUSIP NO. 526262100 SCHEDULE 13D PAGE 4 OF 8 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) [ ]
(b) [X]
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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 1,531,573
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,531,573
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
1,531,573
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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)
10.6%
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14 TYPE OF REPORTING PERSON*
CO
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* SEE INSTRUCTIONS
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CUSIP NO. 526262100 SCHEDULE 13D PAGE 5 OF 8 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
CLINTON LEXINGTON MASTER FUND, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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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 306,164
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH -0-
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
306,164
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
306,164
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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)
2.1%
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14 TYPE OF REPORTING PERSON*
PN
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* SEE INSTRUCTIONS
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CUSIP NO. 526262100 SCHEDULE 13D PAGE 6 OF 8 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
GEORGE E. HALL
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
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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
4,300
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY 2,602,977
OWNED BY ----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 4,300
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10 SHARED DISPOSITIVE POWER
2,602,977
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,607,277
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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)
18.0%
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14 TYPE OF REPORTING PERSON*
IN
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* SEE INSTRUCTIONS
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CUSIP NO. 526262100 SCHEDULE 13D PAGE 7 OF 8 PAGES
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The Schedule 13D filed on February 12, 2007 by Clinton Group, Inc., a
Delaware corporation ("CGI"), Clinton Multistrategy Master Fund, Ltd., a Cayman
Islands company ("CMSF"), Clinton Special Opportunities Master Fund, Ltd., a
Cayman Islands company ("CSO"), George E. Hall ("GEH") and Conrad Bringsjord
with respect to the shares of Common Stock, par value $0.01 per share (the
"Shares"), of Lenox Group Inc., a Delaware corporation (the "Issuer"), as
amended by Amendment No. 1 dated February 16, 2007, Amendment No. 2 dated
February 28, 2007, Amendment No. 3 dated March 15, 2007, Amendment No. 4 dated
April 18, 2007, Amendment No. 5 dated August 18, 2007, Amendment No. 6 dated
August 24, 2007, Amendment No. 7 dated September 13, 2007 and Amendment No. 8
dated November 9, 2007 is hereby amended by this Amendment No. 9. CGI, CMSF,
CSO, Clinton Lexington Master Fund, L.P. ("CLF") and GEH are collectively
referred to herein as the "Reporting Persons".
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 of the Schedule 13D is hereby amended by the addition of the following:
The Reporting Persons have purchased a portion of the bank debt owed by
the Issuer and certain subsidiaries under the Issuer's Amended and Restated Term
Loan Credit Agreement, dated as of April 20, 2007 (the "Issuer Term Loan").
The Reporting Persons have discussed, and expect to continue to discuss,
their investment in the bank debt payable under the Issuer Term Loan, and the
potential restructuring thereof, with other holders of such bank debt. The
Reporting Persons also have had, and expect to continue to have, such
discussions with the Issuer, together with other holders of such bank debt, and
separately. Such discussions may involve proposals to revise the terms of the
bank debt, to convert the bank debt into equity, or otherwise. The Reporting
Persons and the other holders of debt issued under the Issuer Term Loan
(collectively, the "Bank Debt Holders") have jointly retained counsel in
connection with their respective investments in the bank debt payable under the
Issuer Term Loan, to negotiate on behalf of the Bank Debt Holders in connection
with the potential restructuring of such bank debt. Each Bank Debt Holder will
make an independent decision regarding any proposal to or from the Issuer
relating to its investment in the bank debt payable under the Issuer Term Loan.
The Reporting Persons expressly disclaim membership in a "group" within the
meaning of Section 13(d) of the Exchange Act with any other holder of bank debt
of the Issuer or any other person, and expressly disclaim beneficial ownership
of any Shares beneficially owned by any other holder of bank debt of the Issuer.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
Paragraphs (a) and (c) of Item 5 of the Schedule 13D are hereby amended and
restated as follows:
(a) As of the close of business on September 18, 2008, the Reporting
Persons excepting GEH may be deemed the beneficial owners of an aggregate of
2,602,977 Shares, constituting approximately 18.0% of the Shares outstanding.
GEH may be deemed the beneficial owner of an aggregate of 2,607,277 Shares,
including 4,300 Shares beneficially owned individually, constituting
approximately 18.1% of the Shares outstanding. Cesar Baez, who was appointed to
the Issuer's board of directors at the suggestion of CGI, holds 500 shares of
restricted common stock of the Issuer.
The aggregate percentage of Shares beneficially owned by the Reporting
Persons is based upon 14,429,998 Shares outstanding, which is the total number
of Shares outstanding as of August 4, 2008 as reported in the Issuer's Quarterly
Report on Form 10-Q filed August 7, 2008 for the period ended June 28, 2008.
The Reporting Persons expressly disclaim membership in a "group" within the
meaning of Section 13(d)(3) of the Exchange Act with any other holder of bank
debt of the Issuer or any other person, and expressly disclaim beneficial
ownership of any Shares beneficially owned by any.
(c) No transactions in the Shares have been effected by the Reporting
Persons during the past 60 days.
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CUSIP NO. 526262100 SCHEDULE 13D PAGE 8 OF 8 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: September 19, 2008
CLINTON GROUP, INC.
By: /s/ Francis Ruchalski
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Name: Francis Ruchalski
Title: Comptroller
CLINTON MULTISTRATEGY MASTER FUND, LTD.
By: Clinton Group, Inc. its investment
manager
By: /s/ Francis Ruchalski
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Name: Francis Ruchalski
Title: Comptroller
CLINTON SPECIAL OPPORTUNITIES MASTER FUND, LTD.
By: Clinton Group, Inc. its investment
manager
By: /s/ Francis Ruchalski
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Name: Francis Ruchalski
Title: Comptroller
CLINTON LEXINGTON MASTER FUND, L.P.
By: Clinton Group, Inc. its investment
manager
By: /s/ Francis Ruchalski
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Name: Francis Ruchalski
Title: Comptroller
/s/ George E. Hall
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George E. Hall