SECURITIES & EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A*
Amendment #1
(RULE 13D-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO 13D-2(A)
BRUNSWICK CORPORATION
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(NAME OF ISSUER)
COMMON STOCK
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(TITLE OF CLASS OF SECURITIES)
117043109
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(CUSIP NUMBER)
Ricky C. Sandler
Eminence Capital LLC, 65 East 55th Street, 25th Floor,
New York, NY 10022 (212) 418-2100
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(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND
COMMUNICATIONS)
April 26, 2007
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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 which 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.
* 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 purposes 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).
(Continued on following pages)
CUSIP No. 117043109 13D Page 2 of 10 Pages
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(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Eminence Capital, LLC
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) |_|
(b) |_|
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(3) SEC USE ONLY
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(4) SOURCE OF FUNDS **
OO
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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
New York
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NUMBER OF (7) SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
-0-
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(8) SHARED VOTING POWER
-0-
---------------------------------------------------------------------
(9) SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------------------------
(10) SHARED DISPOSITIVE POWER
-0-
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(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
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(12) CHECK BOX 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%
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(14) TYPE OF REPORTING PERSON **
IA
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 117043109 13D Page 3 of 10 Pages
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(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Eminence GP, LLC
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) |_|
(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
New York
--------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
-0-
---------------------------------------------------------------------
(8) SHARED VOTING POWER
-0-
---------------------------------------------------------------------
(9) SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------------------------
(10) SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
--------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES**
|_|
--------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0 %
--------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
OO
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 117043109 13D Page 4 of 10 Pages
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(1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Ricky C. Sandler
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) SOURCE OF FUNDS **
OO
--------------------------------------------------------------------------------
(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
--------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
-0-
---------------------------------------------------------------------
(8) SHARED VOTING POWER
-0-
---------------------------------------------------------------------
(9) SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------------------------
(10) SHARED DISPOSITIVE POWER
-0-
--------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
--------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES**
|_|
--------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
--------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON **
IN
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** SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 117043109 13D Page 5 of 10 Pages
Item 1. Security and Issuer.
This statement relates to the common stock, par value $0.75 (the "Common Stock")
of Brunswick Corporation. (the "Company"). The Company's principal executive
offices are located at 1 N. Field Ct., Lake Forest, Illinois 60045-4811. This
Amendment #1 is intended to amend and supplement the Schedule 13D filed on April
19, 2006.
Item 2. Identity and Background.
This statement is filed on behalf of each of the following persons
(collectively, the "Reporting Persons"):
(i) Eminence Capital, LLC, a New York limited liability company ("Eminence
Capital");
(ii) Eminence GP, LLC, a New York limited liability company ("Eminence GP"); and
(iii) Ricky C. Sandler, a U.S. Citizen ("Mr. Sandler").
(a) This statement relates to Shares of Common Stock as defined in Item 1 above
held for the accounts of: Eminence Partners, LP, a New York limited partnership
("Eminence I"); Eminence Partners II, LP, a New York limited partnership
("Eminence II"); Eminence Long Alpha, LP, a Delaware limited partnership ("ELA")
and Eminence Leveraged Long Alpha, LP, a Delaware limited partnership ("ELLA"
and together with Eminence I, Eminence II, and ELA, the "Partnerships"); as well
as Eminence Long Alpha Master Fund, Ltd. and Eminence Leveraged Long Alpha
Master Fund, Ltd. (the "Offshore Master Funds") and Eminence Fund, Ltd.
("Eminence Offshore"), each a Cayman Islands company, and collectively referred
to as the "Offshore Funds". The Partnerships and the Offshore Funds are
collectively referred to as the "Eminence Funds".
Eminence Capital serves as the investment manager to the Eminence Funds with
respect to the shares of Common Stock directly owned by the Eminence Funds and
may be deemed to have voting and dispositive power over the Shares held for the
accounts of the Eminence Funds.
Eminence GP serves as general partner or manager with respect to the shares of
Common Stock directly owned by the Partnerships and the Offshore Master Funds,
respectively, and may be deemed to have voting and dispositive power over the
Shares held for the accounts of the Partnerships and the Offshore Master Funds.
Ricky C. Sandler is the Managing Member of each Eminence Capital and Eminence GP
and may be deemed to have voting and dispositive power with respect to the
Shares of Common Stock directly owned by the Eminence Funds, and individually
with respect to certain family accounts (the "Family Accounts") over which Mr.
Sandler has investment discretion.
CUSIP No. 117043109 13D Page 6 of 10 Pages
(b) The address of the principal business and principal office of Eminence GP
and the Investment Manager is 65 East 55th Street, 25th Floor, New York,
NY 10022. The business address of Mr. Sandler is 65 East 55th Street,
25th Floor, New York, NY 10022.
(c) The principal business of Eminence GP is serving as a general partner to
the Partnerships and manager to the Offshore Master Funds. The principal
business of the Investment Manager is that of an investment manager
engaging in the purchase and sale of securities on behalf of clients. Mr.
Sandler serves as the Managing Member of Eminence GP and the Investment
Manager.
(d) None of the Reporting Persons has, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) None of the Reporting Persons has, during the last five years, been a
party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and, as a result of such proceeding, was, or is
subject to, a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, Federal or State
securities laws or finding any violation with respect to such laws.
(f) Each of Eminence GP and the Investment Manager is a limited liability
company organized under the laws of the State of New York. Mr. Sandler is
a United States citizen.
Item 3. Source and Amount of Funds and Other Consideration.
As reported herein the Reporting Persons no longer own shares of Common
Stock and therefore have no cost basis of Common Stock owned to report.
CUSIP No. 117043109 13D Page 7 of 10 Pages
Item 5. Interest in Securities of the Issuer.
A. Eminence Capital, LLC
(a) Aggregate number of shares beneficially owned:
Percentage: 0% The percentages used herein and in the rest of Item
5 are calculated based upon the 90,579,238 shares of Common Stock issued and
outstanding at March 1, 2007, as set forth in the Company's Schedule 14A as
filed on March 30, 2007.
(b) 1. Sole power to vote or direct vote: -0-
2. Shared power to vote or direct vote: -0-
3. Sole power to dispose or direct the disposition: -0-
4. Shared power to dispose or direct the disposition: -0-
(c) The trading dates, number of shares of Common Stock purchased or sold
and the price per share for all transactions in the Common Stock in the last
sixty days, which were all in the open market, are set forth in Exhibit 1 and
are incorporated by reference.
(d) Each of the clients of the Investment Manager has the power to direct
the receipt of dividends from or the proceeds of the sale of such shares.
(e) Not applicable.
B. Eminence GP, LLC
(a) Aggregate number of shares beneficially owned: -0-
Percentage: .0%
(b) 1. Sole power to vote or direct vote: -0-
2. Shared power to vote or direct vote: -0-
3. Sole power to dispose or direct the disposition: -0-
4. Shared power to dispose or direct the disposition: -0-
(c) The trading dates, number of shares of Common Stock purchased or sold
and the price per share for all transactions in the Common Stock in the last
sixty days, which were all in the open market, are set forth in Exhibit 1 and
are incorporated by reference.
(d) Not applicable.
(e) Not applicable.
CUSIP No. 117043109 13D Page 8 of 10 Pages
C. Ricky C. Sandler
(a) Aggregate number of shares beneficially owned: -0-
Percentage: 0%
(b) 1. Sole power to vote or direct vote: -0-
2. Shared power to vote or direct vote: -0-
3. Sole power to dispose or direct the disposition: -0-
4. Shared power to dispose or direct the disposition: -0-
(c) The trading dates, number of shares of Common Stock purchased or sold
and the price per share for all transactions in the Common Stock in the last
sixty days, which were all in the open market, are set forth in Exhibit 1 and
are incorporated by reference.
(d) Not applicable.
Item 5(e): On April 9, 2007 and April 26, 2007, the Reporting Persons
delivered 1,000,000 shares and 3,757,700 shares, respectively, which it
owned to close out a short-against-the-box position on the same number shares
that it had previously established. Eminence's custodial brokers effected the
close out pursuant to its instructions. The Reporting Persons no longer own any
outstanding shares of the Issuer's stock.
Item 7: Material to be filed as Exhibits
Exhibit 1: Schedule of transactions effected by Reporting Persons in the
last sixty days.
CUSIP No. 117043109 13D Page 9 of 10 Pages
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.
DATED: April 30, 2007
/s/ Ricky C. Sandler
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Ricky C. Sandler, individually,
and as
Managing Member of Eminence Capital, LLC,
and as
Managing Member of Eminence GP, LLC
EXHIBIT 1
CUSIP No. 117043109 13D Page 10 of 10 Pages
Eminence Capital, LLC
Eminence GP, LLC
Ricky C. Sandler
PRICE
PER SHARE
NUMBER OF SHARES (INCLUDING
------------------ COMMISSIONS,
DATE OF TRANSACTION PURCHASED/(SOLD) IF ANY)
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4/26/2007 (sold short) (375,000) $33.36
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3/23/2007 (750) $32.04
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