UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Smurfit-Stone Container Corporation
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(Name of Issuer)
Common Stock, $0.01 par value
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(Title of Class of Securities)
832727101
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(CUSIP Number)
David Zemel
c/o Venor Capital Management LP
7 Times Square
New York, New York 10036
with a copy to:
Eleazer N. Klein, Esq.
Schulte Roth & Zabel LLP
919 Third Avenue
New York, NY 10022
(212) 756-2000
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
February 4, 2010
------------------
(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.
--------------------
* 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).
(Continued on following pages)
(Page 1 of 10 Pages)
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CUSIP No. 832727101 SCHEDULE 13D/A Page 2 of 10 Pages
---------------------------- ----------------------------
1 NAME OF REPORTING PERSON
Venor Capital Master Fund Ltd.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X|
------------- -----------------------------------------------------------------
3 SEC USE ONLY
------------- -----------------------------------------------------------------
4 SOURCE OF FUNDS
WC
------------- -----------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) |_|
------------- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------- -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 0
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
0
------------- ----------- -----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
------------- -----------------------------------------------------------------
12 CHECK 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
------------- -----------------------------------------------------------------
---------------------------- ----------------------------
CUSIP No. 832727101 SCHEDULE 13D/A Page 3 of 10 Pages
---------------------------- ----------------------------
1 NAME OF REPORTING PERSON
Venor Capital Management LP
------------- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X|
------------- -----------------------------------------------------------------
3 SEC USE ONLY
------------- -----------------------------------------------------------------
4 SOURCE OF FUNDS
AF
------------- -----------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) |_|
------------- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------- -----------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------- -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 0
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
0
------------- ----------- -----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
------------- -----------------------------------------------------------------
12 CHECK 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, IA
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---------------------------- ----------------------------
CUSIP No. 832727101 SCHEDULE 13D/A Page 4 of 10 Pages
---------------------------- ----------------------------
1 NAME OF REPORTING PERSON
Venor Capital Management GP LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X|
------------- -----------------------------------------------------------------
3 SEC USE ONLY
------------- -----------------------------------------------------------------
4 SOURCE OF FUNDS
AF
------------- -----------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) |_|
------------- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------- -----------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------- -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 0
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
0
------------- ----------- -----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
------------- -----------------------------------------------------------------
12 CHECK 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
------------- -----------------------------------------------------------------
---------------------------- ----------------------------
CUSIP No. 832727101 SCHEDULE 13D/A Page 5 of 10 Pages
---------------------------- ----------------------------
1 NAME OF REPORTING PERSON
Jeffrey Bersh
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X|
------------- -----------------------------------------------------------------
3 SEC USE ONLY
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4 SOURCE OF FUNDS
AF
------------- -----------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) |_|
------------- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------- -----------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------- -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 0
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
0
------------- ----------- -----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
------------- -----------------------------------------------------------------
12 CHECK 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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CUSIP No. 832727101 SCHEDULE 13D/A Page 6 of 10 Pages
---------------------------- ----------------------------
1 NAME OF REPORTING PERSON
Michael Wartell
------------- -----------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |X|
------------- -----------------------------------------------------------------
3 SEC USE ONLY
------------- -----------------------------------------------------------------
4 SOURCE OF FUNDS
AF
------------- -----------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) |_|
------------- -----------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
------------- -----------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
----------- -----------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED 0
----------- -----------------------------------------------------
BY EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
----------- -----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
0
------------- ----------- -----------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
------------- -----------------------------------------------------------------
12 CHECK 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
------------- -----------------------------------------------------------------
---------------------------- ----------------------------
CUSIP No. 832727101 SCHEDULE 13D/A Page 7 of 10 Pages
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ITEM 1. SECURITY AND ISSUER
This Amendment No. 1 (this "Amendment") amends the statement on Schedule
13D filed on February 1, 2010 (the "Original Schedule 13D", and the Original
Schedule 13D as amended, the "Schedule 13D") with respect to shares of common
stock par value $0.01 per share (the "Common Stock") of Smurfit-Stone Container
Corporation, a Delaware corporation (the "Issuer"). Capitalized terms used
herein and not otherwise defined in this Amendment have the meanings set forth
in the Original Schedule 13D. This Amendment amends Items 4 and 5(a), (b), (c)
and (e) as set forth below. This is the final amendment to the Schedule 13D and
an exit filing for the Reporting Persons.
Item 4. Purpose of Transaction
Item 4 of the Schedule 13D is hereby amended and supplemented by the
addition of the following:
On February 4, 2010 the Reporting Persons determined to no longer
participate in any objection to the adequacy of the Issuer's proposed Disclosure
Statement to the U.S. Court and, therefore, to terminate their engagement of
legal counsel on their behalf and to dispose of their remaining shares of Common
Stock.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 (a), (b), (c) and (e) are hereby amended and restated as follows:
(a) VENOR CAPITAL MASTER FUND
(a),(b) The information set forth in Rows 7 through 13 of the cover page
hereto for Venor Capital Master Fund is incorporated herein by reference.
(c) Venor Capital Master Fund entered into transactions in the Common Stock
within the last sixty days which are set forth on Schedule A.
(e) February 4, 2010 (see Item 4).
(b) VENOR CAPITAL MANAGEMENT
(a),(b) The information set forth in Rows 7 through 13 of the cover page
hereto for Venor Capital Management is incorporated herein by reference.
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CUSIP No. 832727101 SCHEDULE 13D/A Page 8 of 10 Pages
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(c) Venor Capital Master Fund is the only Reporting Person to have effected
transactions in the Common Stock in the past sixty days.
(e) February 4, 2010 (see Item 4).
(c) VENOR CAPITAL MANAGEMENT GP
(a),(b) The information set forth in Rows 7 through 13 of the cover page
hereto for Venor Capital Management GP is incorporated herein by reference.
(c) Venor Capital Master Fund is the only Reporting Person to have effected
transactions in the Common Stock in the past sixty days.
(e) February 4, 2010 (see Item 4).
(d) JEFFREY BERSH
(a),(b) The information set forth in Rows 7 through 13 of the cover page
hereto for Jeffrey Bersh is incorporated herein by reference.
(c) Venor Capital Master Fund is the only Reporting Person to have effected
transactions in the Common Stock in the past sixty days.
(e) February 4, 2010 (see Item 4).
(e) MICHAEL WARTELL
(a),(b) The information set forth in Rows 7 through 13 of the cover page
hereto for Michael Wartell is incorporated herein by reference.
(c) Venor Capital Master Fund is the only Reporting Person to have effected
transactions in the Common Stock in the past sixty days.
(e) February 4, 2010 (see Item 4).
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CUSIP No. 832727101 SCHEDULE 13D/A Page 9 of 10 Pages
---------------------------- ----------------------------
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 8, 2010
/s/ Jeffery Bersh
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Venor Capital Master Fund Ltd.
By: Jeffery Bersh as Director
/s/ Jeffery Bersh
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Venor Capital Management LP
By Venor Capital Management GP LLC
as general partner
By: Jeffery Bersh as Managing Member
/s/ Jeffery Bersh
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Venor Capital Management GP LLC
By: Jeffery Bersh as Managing Member
/s/ Jeffery Bersh
-----------------
Jeffery Bersh
/s/ Michael Wartell
-----------------
Michael Wartell
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CUSIP No. 832727101 SCHEDULE 13D/A Page 10 of 10 Pages
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SCHEDULE A
TRANSACTIONS IN THE COMMON STOCK BY VENOR CAPITAL MASTER FUND LTD. DURING THE
PAST 60 DAYS
Unless otherwise indicated, all trades were effected in the open market through
brokers.
Date of Transaction Shares Purchased (Sold) Price Per Share ($)*
------------------- ----------------------- -------------------
02/03/10 (200,000.00) 0.2000000
02/03/10 (350,000.00) 0.1990000
02/03/10 (250,000.00) 0.2050000
02/04/10 (125,000.00) 0.1801000
02/04/10 (550,000.00) 0.1630000
02/04/10 (300,000.00) 0.1802000
02/05/10 (1,225,000.00) 0.1473000
02/05/10 (200,000.00) 0.1385000
02/05/10 (750,000.00) 0.1446000
* Excluding commissions.