UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
STAGE STORES, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
--------------------------------------
(Title of Class of Securities)
85254C305
---------
(CUSIP Number)
NOVEMBER 21, 2003
-----------------
(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)
[_] Rule 13d-1(c)
[X] 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
disclosures provided in a prior cover page.
The information required on the reminder 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. 85254C305 Schedule 13G Page 2 of 21
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1. Name of Reporting Person Oak Hill Securities Fund, L.P.
S.S. or I.R.S. Identifica-
tion No. of Above Person
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2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [X]
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3. S.E.C. Use Only
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4. Citizenship or Place of Organization Delaware
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Number of Shares (5) Sole Voting Power 0
Beneficially (6) Shared Voting Power 0
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
0
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10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
[_]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 0%
--------------------------------------------------------------------------------
12. Type of Reporting Person PN
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CUSIP NO. 85254C305 Schedule 13G Page 3 of 21
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1. Name of Reporting Person Oak Hill Securities GenPar, L.P.
S.S. or I.R.S. Identifica-
tion No. of Above Person
--------------------------------------------------------------------------------
2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [X]
--------------------------------------------------------------------------------
3. S.E.C. Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization Delaware
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Number of Shares (5) Sole Voting Power 0
Beneficially (6) Shared Voting Power 0
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 0
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
0
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
[_]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 0%
--------------------------------------------------------------------------------
12. Type of Reporting Person PN
--------------------------------------------------------------------------------
CUSIP NO. 85254C305 Schedule 13G Page 4 of 21
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1. Name of Reporting Person Oak Hill Securities MGP, Inc.
S.S. or I.R.S. Identifica-
tion No. of Above Person
--------------------------------------------------------------------------------
2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [X]
--------------------------------------------------------------------------------
3. S.E.C. Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization Delaware
--------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially (6) Shared Voting Power 0
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 0
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
0
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
[_]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 0%
--------------------------------------------------------------------------------
12. Type of Reporting Person CO
--------------------------------------------------------------------------------
CUSIP NO. 85254C305 Schedule 13G Page 5 of 21
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1. Name of Reporting Person Oak Hill Securities Fund II, L.P.
S.S. or I.R.S. Identifica-
tion No. of Above Person
--------------------------------------------------------------------------------
2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [X]
--------------------------------------------------------------------------------
3. S.E.C. Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization Delaware
--------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially (6) Shared Voting Power 0
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 0
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
0
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
[_]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 0%
--------------------------------------------------------------------------------
12. Type of Reporting Person PN
--------------------------------------------------------------------------------
CUSIP NO. 85254C305 Schedule 13G Page 6 of 21
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1. Name of Reporting Person Oak Hill Securities GenPar II, L.P.
S.S. or I.R.S. Identifica-
tion No. of Above Person
--------------------------------------------------------------------------------
2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [X]
--------------------------------------------------------------------------------
3. S.E.C. Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization Delaware
--------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially (6) Shared Voting Power 0
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 0
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
0
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
[_]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 0%
--------------------------------------------------------------------------------
12. Type of Reporting Person PN
--------------------------------------------------------------------------------
CUSIP NO. 85254C305 Schedule 13G Page 7 of 21
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1. Name of Reporting Person Oak Hill Securities MGP II, Inc.
S.S. or I.R.S. Identifica-
tion No. of Above Person
--------------------------------------------------------------------------------
2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [X]
--------------------------------------------------------------------------------
3. S.E.C. Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization Delaware
--------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially (6) Shared Voting Power 0
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 0
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
0
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
[_]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 0%
--------------------------------------------------------------------------------
12. Type of Reporting Person CO
--------------------------------------------------------------------------------
CUSIP NO. 85254C305 Schedule 13G Page 8 of 21
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1. Name of Reporting Person Oak Hill Asset Management, Inc.
S.S. or I.R.S. Identifica-
tion No. of Above Person
--------------------------------------------------------------------------------
2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [X]
--------------------------------------------------------------------------------
3. S.E.C. Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization Delaware
--------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 0
Beneficially (6) Shared Voting Power 0
Owned by Each (7) Sole Dispositive Power 0
Reporting Person (8) Shared Dispositive Power 0
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
0
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
[_]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 0%
--------------------------------------------------------------------------------
12. Type of Reporting Person CO
--------------------------------------------------------------------------------
CUSIP NO. 85254C305 Schedule 13G Page 9 of 21
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1. Name of Reporting Person Oak Hill Advisors, L.P.
S.S. or I.R.S. Identifica-
tion No. of Above Person
--------------------------------------------------------------------------------
2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [X]
--------------------------------------------------------------------------------
3. S.E.C. Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization Delaware
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Number of Shares (5) Sole Voting Power 20,000 (1)
Beneficially (6) Shared Voting Power 0
Owned by Each (7) Sole Dispositive Power 20,000 (1)
Reporting Person (8) Shared Dispositive Power 0
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
20,000 (1)
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
[_]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 0.1%
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12. Type of Reporting Person PN; IA
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------------------------
1 Represents options to purchase 20,000 shares of Common Stock.
CUSIP NO. 85254C305 Schedule 13G Page 10 of 21
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1. Name of Reporting Person Oak Hill Advisors MGP, Inc.
S.S. or I.R.S. Identifica-
tion No. of Above Person
--------------------------------------------------------------------------------
2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [X]
--------------------------------------------------------------------------------
3. S.E.C. Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization Delaware
--------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power 20,000 (1)
Beneficially (6) Shared Voting Power 0
Owned by Each (7) Sole Dispositive Power 20,000 (1)
Reporting Person (8) Shared Dispositive Power 0
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
20,000 (1)
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
[_]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 0.1%
--------------------------------------------------------------------------------
12. Type of Reporting Person CO
--------------------------------------------------------------------------------
------------------------
1 Represents options to purchase 20,000 shares of Common Stock.
CUSIP NO. 85254C305 Schedule 13G Page 11 of 21
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1. Name of Reporting Person Glenn R. August
S.S. or I.R.S. Identifica- (in the capacity described herein)
tion No. of Above Person
--------------------------------------------------------------------------------
2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [X]
--------------------------------------------------------------------------------
3. S.E.C. Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization United States
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Number of Shares (5) Sole Voting Power 186,313 (1)
Beneficially (6) Shared Voting Power 0
Owned by Each (7) Sole Dispositive Power 186,313 (1)
Reporting Person (8) Shared Dispositive Power 0
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
186,313 (1)
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
[_]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 1.0%
--------------------------------------------------------------------------------
12. Type of Reporting Person IN
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------------------------
1 Includes options to purchase 20,000 shares of Common Stock.
CUSIP NO. 85254C305 Schedule 13G Page 12 of 21
ITEM 1. (a) NAME OF ISSUER
Stage Stores, Inc. (the "Company").
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
10201 Main Street
Houston, Texas 77025
ITEM 2. (a) NAMES OF PERSONS FILING
(i) Oak Hill Securities Fund, L.P., a Delaware limited
partnership ("OHSF");
(ii) Oak Hill Securities GenPar, L.P., a Delaware limited
partnership ("OHSF GenPar") and general partner of
OHSF;
(iii) Oak Hill Securities MGP, Inc., a Delaware corporation
("OHSF MGP") and general partner of OHSF GenPar;
(iv) Oak Hill Securities Fund II, L.P., a Delaware limited
partnership ("OHSF II");
(v) Oak Hill Securities GenPar II, L.P., a Delaware
limited partnership ("OHSF GenPar II") and general
partner of OHSF II;
(vi) Oak Hill Securities MGP II, Inc., a Delaware
corporation ("OHSF MGP II") and general partner of
OHSF GenPar II;
(vii) Oak Hill Asset Management, Inc., a Delaware
corporation ("OHAM");
(viii) Oak Hill Advisors, L.P., a Delaware limited
partnership ("OHA");
(ix) Oak Hill Advisors MGP, Inc. ("OHA MGP") and general
partner of OHA; and
(x) Glenn R. August ("Mr. August"), sole stockholder and
President of OHSF MGP, OHSF MGP II, OHA MGP and OHAM,
((i) through (x) collectively, the "Reporting
Persons").
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE
The address of the principal business offices of (i) OHSF MGP,
(ii) OHSF MGP II and (iii) Mr. August is 65 East 55th Street, 32nd
Floor, New York, NY 10022.
The address of the principal business offices of (i) OHSF,
(ii) OHSF GenPar, (iii) OHSF II, (iv) OHSF GenPar II, (v) OHA, (vi) OHA
MGP and (vii) OHAM is 201 Main Street, Suite 2415, Forth Worth, TX
76102.
CUSIP NO. 85254C305 Schedule 13G Page 13 of 21
(c) CITIZENSHIP
OHSF - a Delaware limited partnership
OHSF GenPar, L.P. - a Delaware limited partnership
OHSF MGP - a Delaware corporation
OHSF II - a Delaware limited partnership
OHSF GenPar II - a Delaware limited partnership
OHSF MGP II - a Delaware corporation
OHA - a Delaware limited partnership
OHA MGP - a Delaware corporation
OHAM - a Delaware corporation
Mr. August - United States
(d) TITLE OF CLASS OF SECURITIES
Common Stock, par value $.01 per share (the "Common Stock" or
"Shares")
(e) CUSIP NUMBER
85254C305
ITEM 3. This statement is not filed pursuant to either Rule 13d-1(b) or
13d-2(b) or (c).
ITEM 4. OWNERSHIP.
(a) AMOUNT BENEFICIALLY OWNED:
As of November 21, 2003 (i) OHA may be deemed to beneficially
own 20,000 shares of Common Stock and OHA MGP, in its capacity
as general partner of OHA, may be deemed to beneficially own
20,000 shares of Common Stock as a result of its voting and
dispositive power over the 20,000 shares of Common Stock held
by OHA; and (ii) as a result of the relationships described in
Item 2, Mr. August may be deemed to beneficially own 186,313
shares of Common Stock as a result of the 166,313 shares of
Common Stock that he may be deemed to own directly and as a
result of his voting and dispositive power over 20,000 shares
of Common Stock held by OHA.
(b) PERCENTAGE OWNED:
Based on calculations made in accordance with Rule 13d-3(d),
and there being 18,976,216 shares of Common Stock outstanding
as of August 29, 2003, as reported in the Company's Form 10-Q
filed on August 29, 2003 with the Securities and Exchange
Commission, (i) OHA and OHA MGP, in its capacity as general
partner of OHA, may be deemed to beneficially own
approximately 0.1% of the outstanding Common Stock on a
diluted basis in accordance with Rule 13d-3(d); and (ii) Mr.
August may be deemed to beneficially own
CUSIP NO. 85254C305 Schedule 13G Page 14 of 21
approximately 1.0% of the outstanding Common Stock on a
diluted basis in accordance with Rule 13d-3(d).
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) OHA and OHA MGP, in its capacity as general partner
of OHA, may be deemed to have the sole power to direct the
voting and disposition of the 20,000 shares of Common Stock
OHA beneficially owns; and (ii) by virtue of the relationship
between Mr. August and each of OHA and OHA MGP, Mr. August may
be deemed to have the sole power to direct the voting and
disposition of 186,313 shares of Common Stock, consisting of
the 166,313 shares of Common Stock that he owns directly and
the 20,000 shares of Common Stock beneficially owned by each
of such persons mentioned above.
Each of the Reporting Persons disclaims beneficial
ownership of the Common Stock beneficially owned by the other
Reporting Persons, other than the shares of Common Stock
reported in this Schedule 13G as beneficially owned by such
Reporting Person.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of
the date hereof the reporting persons have ceased to be the beneficial
owners of more than five percent of the class of securities, check the
following [x].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF 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
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
ITEM 10. CERTIFICATION
Not applicable.
CUSIP NO. 85254C305 Schedule 13G Page 15 of 21
SIGNATURES
After reasonable inquiry and to the best of our knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
Dated as of November 25, 2003
OAK HILL SECURITIES FUND, L.P.
By: Oak Hill Securities GenPar, L.P.
its general partner
By: Oak Hill Securities MGP, Inc.
its general partner
By: /s/ Glenn R. August
---------------------------------------
Name: Glenn R. August
Title: President
OAK HILL SECURITIES GENPAR, L.P.
By: Oak Hill Securities MGP, Inc.
its general partner
By: /s/ Glenn R. August
---------------------------------------
Name: Glenn R. August
Title: President
CUSIP NO. 85254C305 Schedule 13G Page 16 of 21
OAK HILL SECURITIES MGP, INC.
By: /s/ Glenn R. August
---------------------------------------
Name: Glenn R. August
Title: President
OAK HILL SECURITIES FUND II, L.P.
By: Oak Hill Securities GenPar II, L.P.
its general partner
By: Oak Hill Securities MGP II, Inc.
its general partner
By: /s/ Glenn R. August
---------------------------------------
Name: Glenn R. August
Title: President
OAK HILL SECURITIES GENPAR II, L.P.
By: Oak Hill Securities MGP II, Inc.
its general partner
By: /s/ Glenn R. August
---------------------------------------
Name: Glenn R. August
Title: President
OAK HILL SECURITIES MGP II, INC.
By: /s/ Glenn R. August
---------------------------------------
Name: Glenn R. August
Title: President
OAK HILL ASSET MANAGEMENT, INC.
By: /s/ Glenn R. August
---------------------------------------
Name: Glenn R. August
Title: President
CUSIP NO. 85254C305 Schedule 13G Page 17 of 21
OAK HILL ADVISORS, L.P.
By: Oak Hill Advisors MGP, Inc.
its general partner
By: /s/ Glenn R. August
---------------------------------------
Name: Glenn R. August
Title: President
OAK HILL ADVISORS MGP, INC.
By: /s/ Glenn R. August
---------------------------------------
Name: Glenn R. August
Title: President
GLENN R. AUGUST
/s/ Glenn R. August
-----------------------------------------------
CUSIP NO. 85254C305 Schedule 13G Page 18 of 21
EXHIBIT INDEX
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Exhibit 1. Joint Filing Agreement as required by Rule 13d-1(k)(1) under
the Securities Exchange Act of 1934, as amended.