sec document
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
--------------
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)
(Amendment No. 1)(1)
Fox & Hound Restaurant Group
----------------------------
(Name of Issuer)
Common Stock, $.01 Par Value
----------------------------
(Title of Class of Securities)
351321104
---------
(CUSIP Number)
STEVEN WOLOSKY, ESQ.
OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP
Park Avenue Tower
65 East 55th Street
New York, New York 10022
(212) 451-2300
--------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 19, 2005
-----------------
(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 23 Pages)
--------------
(1) 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 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 351321104 13D Page 2 of 23 Pages
------------------------- -------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
NEWCASTLE PARTNERS, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
TEXAS
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 836,049
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
836,049
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
836,049
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
------------------------- -------------------------
CUSIP 351321104 13D Page 3 of 23 Pages
------------------------- -------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
NEWCASTLE CAPITAL MANAGEMENT, L.P.
--------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
TEXAS
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 836,049
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
836,049
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
836,049
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
------------------------- -------------------------
CUSIP 351321104 13D Page 4 of 23 Pages
------------------------- -------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
NEWCASTLE CAPITAL GROUP, L.L.C.
--------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
TEXAS
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 836,049
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
836,049
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
836,049
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
------------------------- -------------------------
CUSIP 351321104 13D Page 5 of 23 Pages
------------------------- -------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MARK E. SCHWARZ
--------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 836,049
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 0 -
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
836,049
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
- 0 -
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
836,049
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
------------------------- -------------------------
CUSIP 351321104 13D Page 6 of 23 Pages
------------------------- -------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
STEEL PARTNERS II, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 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*
PN
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
------------------------- -------------------------
CUSIP 351321104 13D Page 7 of 23 Pages
------------------------- -------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
STEEL PARTNERS, L.L.C.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 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
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
------------------------- -------------------------
CUSIP 351321104 13D Page 8 of 23 Pages
------------------------- -------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
WARREN G. LICHTENSTEIN
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
--------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 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
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
------------------------- -------------------------
CUSIP 351321104 13D Page 9 of 23 Pages
------------------------- -------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
F&H ACQUISITION CORP.
--------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 836,049
-----------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
836,049
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
836,049
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
------------------------- -------------------------
CUSIP 351321104 13D Page 10 of 23 Pages
------------------------- -------------------------
================================================================================
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
NPSP ACQUISITION CORP.
--------------------------------------------------------------------------------
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 ITEM 2(d) OR 2(e) / /
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY -----------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH - 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*
CO
================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
------------------------- -------------------------
CUSIP 351321104 13D Page 11 of 23 Pages
------------------------- -------------------------
The following constitutes Amendment No. 1 ("Amendment No. 1")
to the Schedule 13D filed by the undersigned. This Amendment No. 1 amends the
Schedule 13D as specifically set forth.
Item 2 is hereby amended and restated to read as follows:
Item 2. IDENTITY AND BACKGROUND.
(a) - (c) This Statement is jointly filed by NP, NCM, NCG,
Mark E. Schwarz, Steel Partners II, Partners LLC, Warren G. Lichtenstein, F&H
Acquisition and NPSP Acquisition Corp. ("NPSP Acquisition") (collectively, the
"Reporting Persons"). Because Mark E. Schwarz is the managing member of NCG,
which is the general partner of NCM, which in turn is the general partner of NP,
each of NCM, NCG and Mark E. Schwarz may be deemed, pursuant to Rule 13d-3 of
the Securities Exchange Act of 1934, as amended (the "Act"), to be the
beneficial owners of all shares of Common Stock held by NP. Partners LLC is the
general partner of Steel Partners II. The sole executive officer and managing
member of Partners LLC is Warren G. Lichtenstein, who is Chairman of the Board,
Chief Executive Officer and Secretary. By virtue of his positions with Partners
LLC and Steel Partners II, Mr. Lichtenstein has the power to vote and dispose of
the Issuer's shares of Common Stock owned by Steel Partners II. Mark E. Schwarz
is the sole Director and the President and Chief Executive Officer of each of
F&H Acquisition and NPSP Acquisition. The Reporting Persons are filing this
Statement jointly, as they may be considered a "group" under Section 13(d)(3) of
the Act. However, neither the fact of this filing nor anything contained herein
shall be deemed to be an admission by the Reporting Persons that such a group
exists.
The principal occupation of Mark E. Schwarz is serving as the
managing member of NCG. The principal business of NCG is acting as the general
partner of NCM. The principal business of NCM is acting as the general partner
of NP. The principal business of NP is investing in securities.
The principal occupation of Mr. Lichtenstein is investing in
the securities of small cap companies. The principal business of Steel Partners
II is investing in the securities of small cap companies. The principal business
of Partners LLC is acting as the general partner of Steel Partners II.
The principal business of F&H Acquisition is to serve as the
entity by which NP and Steel Partners II commence a cash tender offer to
purchase all of the outstanding Common Stock of the Issuer.
NPSP Acquisition is a wholly-owned subsidiary of F&H
Acquisition. The principal business of NPSP Acquisition is serving as an
acquisition vehicle for the purpose of consummating the cash tender offer to
purchase all of the outstanding Common Stock of the Issuer. Mr. Schwarz is
Chairman of the Board of NPSP Acquisition and its sole director.
The principal business address for each of NP, NCM, NCG and
Mr. Schwarz is 300 Crescent Court, Suite 1110, Dallas, Texas 75201.
------------------------- -------------------------
CUSIP 351321104 13D Page 12 of 23 Pages
------------------------- -------------------------
The principal business address for each of Steel Partners II,
Partners LLC and Mr. Lichtenstein is 590 Madison Avenue, 32nd Floor, New York,
New York 10022.
The principal business address for each of F&H Acquisition and
NPSP Acquisition is c/o Newcastle Partners, L.P., 300 Crescent Court, Suite
1110, Dallas, Texas 75201.
(d) During the last five years, none of the Reporting Persons
has been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) During the last five years, none of the Reporting Persons
has 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) NP, NCM and NCG are organized under the laws of the State
of Texas. Steel Partners II, Partners LLC, F&H Acquisition and NPSP Acquisition
are organized under the laws of the State of Delaware. Messrs. Schwarz and
Lichtenstein are citizens of the United States of America.
Item 4 is hereby amended to add the following:
As previously reported in this Schedule 13D, on December 12,
2005, F&H Acquisition, an entity owned by NP and Steel Partners II, announced
its intention to commence a cash tender offer to acquire all of the outstanding
shares of Common Stock of the Issuer that it does not already own for $14.75 per
share (the "Tender Offer"). On December 19, 2005, F&H Acquisition issued a press
release announcing (i) that as a result of its due diligence review of
information provided to it by the Issuer it has revised the purchase price per
share of the Tender Offer from $14.75 per share to $14.50 per share and (ii)
that it has entered into discussions with the Issuer on the terms of a tender
offer/merger agreement. A copy of the press release is attached hereto as
Exhibit 4 and is incorporated herein by reference.
Also, on December 19, 2005, F&H Acquisition signed and
delivered in escrow a definitive tender offer/merger agreement (the "Merger
Agreement") to acquire all of the outstanding shares of common stock of the
Issuer not already owned by it for $14.50 per share. The Merger Agreement is
being held in escrow pursuant to a letter agreement (the "Escrow Letter") with
the Issuer. The Escrow Letter is attached hereto as Exhibit 5 and is
incorporated herein by reference. Pursuant to the Escrow Letter, the Issuer has
agreed to execute and deliver the Merger Agreement before January 6, 2006,
unless prior to such time the Issuer's Board has determined that the proposal
contemplated by the Merger Agreement no longer constitutes a superior offer or
the Issuer gives notice to F&H Acquisition that the Issuer is unable to make the
representations and warranties or perform its obligations under the Merger
Agreement.
------------------------- -------------------------
CUSIP 351321104 13D Page 13 of 23 Pages
------------------------- -------------------------
Item 5 is hereby amended and restated to read as follows:
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The aggregate percentage of shares of Common Stock
reported to be owned by the Reporting Persons is based upon 10,029,307 shares
outstanding, which is the total number of shares of Common Stock outstanding as
of October 17, 2005, as reported in the Issuer's Form 10-Q filed with the
Securities and Exchange Commission on October 17, 2005.
As of December 20, 2005, NP beneficially owned 836,049 shares
of Common Stock, representing approximately 8.3% of the issued and outstanding
Common Stock of the Issuer.
NCM, as the general partner of NP, may also be deemed to
beneficially own the 836,049 shares of Common Stock beneficially owned by NP.
NCG, as the general partner of NCM, which in turn is the
general partner of NP, may also be deemed to beneficially own the 836,049 shares
of Common Stock beneficially owned by NP.
Mark E. Schwarz, as the managing member of NCG, the general
partner of NCM, which in turn is the general partner of NP, may also be deemed
to beneficially own the 836,049 shares of Common Stock beneficially owned by NP.
Steel Partners II, Partners LLC and Mr. Lichtenstein currently
do not beneficially own any shares of Common Stock of the Issuer.
F&H Acquisition may also be deemed to beneficially own the
836,049 shares of Common Stock beneficially owned by NP, as NP has agreed to
contribute such shares of Common Stock, subject to certain conditions, to F&H
Acquisition.
NPSP Acquisition currently does not beneficially own shares of
Common Stock.
NCM, NCG and Mr. Schwarz disclaim beneficial ownership of the
shares of Common Stock held by NP, except to the extent of their pecuniary
interest therein. Steel Partners II, Partners LLC and Mr. Lichtenstein disclaim
beneficial ownership of the shares of Common Stock held by NP.
(b) By virtue of his position with NP, NCM and NCG, Mark E.
Schwarz has the sole power to vote and dispose of the shares of Common Stock
owned by NP reported in this Statement.
(c) There have been no transactions in the Common Stock by the
Reporting Persons since the filing of the initial Schedule 13D.
(d) No person other than the Reporting Persons is known to
have the right to receive, or the power to direct the receipt of dividends from,
or proceeds from the sale of, the shares of Common Stock.
(e) Not applicable.
------------------------- -------------------------
CUSIP 351321104 13D Page 14 of 23 Pages
------------------------- -------------------------
Item 6 is hereby amended to add the following:
As described above in Item 4, on December 19, 2005, F&H
Acquisition, NPSP Acquisition, NP, Steel Partners II and the Issuer signed the
Escrow Letter, pursuant to which the Issuer has agreed to execute and deliver
the Merger Agreement before January 6, 2006, unless prior to such time the
Issuer's Board has determined that the proposal contemplated by the Merger
Agreement no longer constitutes a superior offer or the Issuer gives notice to
F&H Acquisition that the Issuer is unable to make the representations and
warranties or perform its obligations under the Merger Agreement.
Item 7 is hereby amended to add the following Exhibits:
3. Joint Filing Agreement by and among Newcastle
Partners, L.P., Newcastle Capital Management, L.P.,
Newcastle Capital Group, L.L.C., Mark E. Schwarz,
Steel Partners II, L.P., Steel Partners, L.L.C.,
Warren G. Lichtenstein, F&H Acquisition Corp. and
NPSP Acquisition Corp., dated December 22, 2005.
4. Press release issued by F&H Acquisition Corp., dated
December 19, 2005.
5. Escrow Letter Agreement dated December 19, 2005 by
and among F&H Acquisition Corp., NPSP Acquisition
Corp., Newcastle Partners, L.P., Steel Partners II,
L.P. and Fox & Hound Restaurant Group.
------------------------- -------------------------
CUSIP 351321104 13D Page 15 of 23 Pages
------------------------- -------------------------
SIGNATURES
After reasonable inquiry and to the best of his knowledge and
belief, each of the undersigned certifies that the information set forth in this
Statement is true, complete and correct.
Dated: December 22, 2005 NEWCASTLE PARTNERS, L.P.
By: Newcastle Capital Management, L.P.,
its General Partner
By: Newcastle Capital Group, L.L.C.,
its General Partner
By: /s/ Mark E. Schwarz
-----------------------------------
Mark E. Schwarz, Managing Member
NEWCASTLE CAPITAL MANAGEMENT, L.P.
By: Newcastle Capital Group, L.L.C.,
its General Partner
By: /s/ Mark E. Schwarz
------------------------------------
Mark E. Schwarz, Managing Member
NEWCASTLE CAPITAL GROUP, L.L.C.
By: /s/ Mark E. Schwarz
------------------------------------
Mark E. Schwarz, Managing Member
/s/ Mark E. Schwarz
----------------------------------------
MARK E. SCHWARZ
STEEL PARTNERS II, L.P.
By: Steel Partners, L.L.C.
General Partner
By: /s/ Warren G. Lichtenstein
------------------------------------
Warren G. Lichtenstein
Managing Member
------------------------- -------------------------
CUSIP 351321104 13D Page 16 of 23 Pages
------------------------- -------------------------
STEEL PARTNERS, L.L.C.
By: /s/ Warren G. Lichtenstein
------------------------------------
Warren G. Lichtenstein
Managing Member
/s/ Warren G. Lichtenstein
----------------------------------------
WARREN G. LICHTENSTEIN
F&H ACQUISITION CORP.
By: /s/ Mark E. Schwarz
------------------------------------
Name: Mark E. Schwarz
Title: President and Chief Executive Officer
NPSP ACQUISITION CORP.
By: /s/ Mark E. Schwarz
------------------------------------
Name: Mark E. Schwarz
Title: President and Chief Executive Officer
------------------------- -------------------------
CUSIP 351321104 13D Page 17 of 23 Pages
------------------------- -------------------------
EXHIBIT INDEX
Exhibit Page
------- ----
1. Joint Filing Agreement by and among Newcastle Partners, L.P., --
Newcastle Capital Management, L.P., Newcastle Capital Group,
L.L.C., Mark E. Schwarz, Steel Partners II, L.P., Steel
Partners, L.L.C., Warren G. Lichtenstein and F&H Acquisition
Corp., dated December 12, 2005 (previously filed).
2. Press release issued by F&H Acquisition Corp., dated December --
12, 2005 (previously filed).
3. Joint Filing Agreement by and among Newcastle Partners, L.P., 18-19
Newcastle Capital Management, L.P., Newcastle Capital Group,
L.L.C., Mark E. Schwarz, Steel Partners II, L.P., Steel
Partners, L.L.C., Warren G. Lichtenstein, F&H Acquisition
Corp. and NPSP Acquisition Corp., dated December 22, 2005.
4. Press release issued by F&H Acquisition Corp., dated December 20
19, 2005.
5. Escrow Letter Agreement dated December 19, 2005 by and among 21-23
F&H Acquisition Corp., NPSP Acquisition Corp., Newcastle
Partners, L.P., Steel Partners II, L.P. and Fox & Hound
Restaurant Group.
------------------------- -------------------------
CUSIP 351321104 13D Page 18 of 23 Pages
------------------------- -------------------------
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1)(iii) under the Securities
Exchange Act of 1934, as amended, the persons named below agree to the joint
filing on behalf of each of them of a Statement on Schedule 13D dated December
22, 2005 (including amendments thereto) with respect to the Common Stock of Fox
& Hound Restaurant Group. This Joint Filing Agreement shall be filed as an
Exhibit to such Statement.
Dated: December 22, 2005 NEWCASTLE PARTNERS, L.P.
By: Newcastle Capital Management, L.P.,
its General Partner
By: Newcastle Capital Group, L.L.C.,
its General Partner
By: /s/ Mark E. Schwarz
------------------------------------
Mark E. Schwarz, Managing Member
NEWCASTLE CAPITAL MANAGEMENT, L.P.
By: Newcastle Capital Group, L.L.C.,
its General Partner
By: /s/ Mark E. Schwarz
------------------------------------
Mark E. Schwarz, Managing Member
NEWCASTLE CAPITAL GROUP, L.L.C.
By: /s/ Mark E. Schwarz
------------------------------------
Mark E. Schwarz, Managing Member
/s/ Mark E. Schwarz
----------------------------------------
MARK E. SCHWARZ
STEEL PARTNERS II, L.P.
By: Steel Partners, L.L.C.
General Partner
------------------------- -------------------------
CUSIP 351321104 13D Page 19 of 23 Pages
------------------------- -------------------------
By: /s/ Warren G. Lichtenstein
------------------------------------
Warren G. Lichtenstein
Managing Member
STEEL PARTNERS, L.L.C.
By: /s/ Warren G. Lichtenstein
------------------------------------
Warren G. Lichtenstein
Managing Member
/s/ Warren G. Lichtenstein
----------------------------------------
WARREN G. LICHTENSTEIN
F&H ACQUISITION CORP.
By: /s/ Mark E. Schwarz
------------------------------------
Name: Mark E. Schwarz
Title: President and Chief Executive Officer
NPSP ACQUISITION CORP.
By: /s/ Mark E. Schwarz
------------------------------------
Name: Mark E. Schwarz
Title: President and Chief Executive Officer
------------------------- -------------------------
CUSIP 351321104 13D Page 20 of 23 Pages
------------------------- -------------------------
NEWS RELEASE
CONTACT:
Daniel H. Burch
Jeanne M. Carr
MacKenzie Partners, Inc.
(800) 322-2885
FOR IMMEDIATE RELEASE:
F&H ACQUISITION CORP. REVISES OFFER PRICE TO $14.50 PER SHARE
FOR FOX & HOUND RESTAURANT GROUP
DALLAS, TX - DECEMBER 19, 2005 -- F&H Acquisition Corp., today
announced that as a result of its due diligence review of information provided
to it by Fox & Hound Restaurant Group (Nasdaq:FOXX) it has revised the purchase
price per share of the cash tender offer it has previously announced that it
intends to commence to purchase all of the outstanding shares of common stock of
Fox & Hound Restaurant Group not owned by it for $14.75 per share to $14.50 per
share. In addition, F&H Acquisition Corp. announced today that it has entered
into discussions with Fox & Hound on the terms of a tender offer/merger
agreement. There can be no assurance that these negotiations will lead to the
execution of a definitive merger agreement with Fox & Hound.
The tender offer will still be subject to customary conditions,
including (i) a majority of Fox & Hound's shares on a fully diluted basis being
tendered and not withdrawn, (ii) expiration of the applicable waiting period
under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, (iii) the
obtaining of all consents, approvals or authorizations required by all state,
city or local liquor licensing boards, agencies or other similar entities and
(iv) F&H Acquisition Corp. being satisfied that Section 203 of the Delaware
General Corporation Law is inapplicable to the Offer to Purchase and the
potential merger thereafter. The offer will not be subject to or conditioned
upon any financing arrangements. F&H Acquisition Corp. expects to commence the
tender offer on or before December 23, 2005.
THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER TO BUY
OR THE SOLICITATION OF AN OFFER TO SELL ANY SHARES. THE SOLICITATION AND THE
OFFER TO BUY FOX & HOUND'S COMMON STOCK WILL ONLY BE MADE PURSUANT TO AN OFFER
TO PURCHASE AND RELATED MATERIALS THAT F&H ACQUISITION CORP. INTENDS TO FILE ON
OR BEFORE DECEMBER 23, 2005. STOCKHOLDERS SHOULD READ THESE MATERIALS CAREFULLY
BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND CONDITIONS
OF THE OFFER. STOCKHOLDERS WILL BE ABLE TO OBTAIN THE OFFER TO PURCHASE AND
RELATED MATERIALS WITH RESPECT TO THE TENDER OFFER FREE AT THE SEC'S WEBSITE AT
WWW.SEC.GOV OR FROM F&H ACQUISITION CORP.
------------------------- -------------------------
CUSIP 351321104 13D Page 21 of 23 Pages
------------------------- -------------------------
F&H Acquisition Corp.
NPSP Acquisition Corp.
c/o Newcastle Partners, L.P.
300 Crescent Court, Suite 1110
Dallas, Texas 75201
December 19, 2005
Fox & Hound Restaurant Group
1551 North Waterfront Parkway, Suite 310
Wichita, Kansas 67206
Attention: Steve Johnson
Dear Mr. Johnson:
Delivered herewith is the Agreement and Plan of Merger, dated December
19, 2005 (the "Merger Agreement"), by and among Fox & Hound Restaurant Group, a
Delaware corporation ("Company"), F&H Acquisition Corp., a Delaware corporation
("Purchaser"), NPSP Acquisition Corp., a Delaware corporation and wholly owned
subsidiary of Purchaser ("Merger Sub"), Newcastle Partners, L.P., a Texas
limited partnership ("NP"), and Steel Partners II, L.P., a Delaware limited
partnership (together with Purchaser, Merger Sub and NP, the "Acquiring
Parties"), duly executed by each of the Acquiring Parties.
Each of the Acquiring Parties hereby irrevocably agrees that such party
shall not withdraw such party's agreement to the Merger Agreement or otherwise
terminate such party's offer made to the Company as set forth in the Merger
Agreement at any time prior to the earliest of:
(a) 11:59 p.m. (Eastern Standard Time) on January 5, 2006;
(b) notification by the Company that the Company is unable to make the
representations and warranties or perform its obligations in the Merger
Agreement; and
(c) the Board of Directors has determined that the proposal
contemplated by the Merger Agreement is no longer a Superior Proposal (as
defined in Letter of Intent, dated October 4, 2005 (the "Letter of Intent"),
between the Company and Levine Leichtman Capital Partners, Inc., a California
corporation).
The Company shall use reasonable best efforts to cause the execution
and delivery of the Merger Agreement within 24 hours after termination of the
Letter of Intent. Upon such execution and delivery, the Company agrees that the
representations and warranties of the Company shall be true and correct in all
material respects as of such time.
Upon execution and delivery of the Merger Agreement by the Company, the
Merger Agreement shall be valid and binding on the each of the parties thereto
in accordance with its terms.
------------------------- -------------------------
CUSIP 351321104 13D Page 22 of 23 Pages
------------------------- -------------------------
F&H ACQUISITION CORP.
By: /s/ Mark E. Schwarz
------------------------------------
Name: Mark E. Schwarz
Title: President and Chief Executive Officer
NPSP ACQUISITION CORP.
By: /s/ Mark E. Schwarz
------------------------------------
Name: Mark E. Schwarz
Title: President and Chief Executive Officer
NEWCASTLE PARTNERS, L.P.
By: Newcastle Capital Management, L.P.
its General Partner
By: Newcastle Capital Group, L.L.C.
its General Partner
By: /s/ Mark E. Schwarz
------------------------------------
Name: Mark E. Schwarz
Title: Managing Member
STEEL PARTNERS II, L.P.
By: Steel Partners, L.L.C.
General Partner
By: /s/ Warren G. Lichtenstein
------------------------------------
Name: Warren G. Lichtenstein
Title: Managing Member
------------------------- -------------------------
CUSIP 351321104 13D Page 23 of 23 Pages
------------------------- -------------------------
Confirmed and agreed to this 19th day of December 2005:
FOX & HOUND RESTAURANT GROUP
By: /s/ Steven M. Johnson
---------------------------------
Name: Steven M. Johnson
Title:Chief Executive Office