Wilsons The Leather Experts Inc - Amended Statement of Ownership (SC 13G/A)
13 Février 2008 - 10:53PM
Edgar (US Regulatory)
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
|
|
SCHEDULE
13G
Under
the Securities Exchange Act of 1934
|
(Amendment
No. 1)
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WILSONS
THE LEATHER EXPERTS INC.
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(Name
of Issuer)
|
|
|
(Title
of Class of Securities)
|
|
|
(CUSIP
Number)
|
|
|
(Date
of Event Which Requires Filing of this
Statement)
|
Check
the
appropriate box to designate the rule pursuant to which this Schedule 13G
is
filed:
*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 the purpose of Section 18 of the Securities Exchange Act
of 1934
("Act") or otherwise subject to the liabilities of that section of the
Act but
shall be subject to all other provisions of the Act (however, see the
Notes).
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|
|
|
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NAME
OF REPORTING PERSON
:
BC
Advisors, LLC
I.R.S.
Identification Nos. of above persons (entities only):
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|
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
o
|
|
|
(b)
x
|
|
|
|
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
|
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
|
|
7
8
|
|
SOLE
VOTING POWER
:
2,251,689
SOLE
DISPOSITIVE POWER
:
2,251,689
SHARED
DISPOSITIVE POWER
:
0
|
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
|
o
|
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
|
|
|
*
Based
on 39,314,901 shares of common stock issued and outstanding as of November
30,
2007, as reported by the issuer in its Quarterly Report on Form 10-Q
for the
quarterly period ended November 3, 2007.
|
|
|
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NAME
OF REPORTING PERSON
:
SRB
Management, L.P.
I.R.S.
Identification Nos. of above persons (entities
only):
|
|
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
o
|
|
|
(b)
x
|
|
|
|
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
|
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
|
|
7
8
|
|
SOLE
VOTING POWER
:
2,251,689
SOLE
DISPOSITIVE POWER
: 2,251,689
SHARED
DISPOSITIVE POWER
:
0
|
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN
SHARES
|
o
|
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
|
|
|
*
Based
on 39,314,901 shares of common stock issued and outstanding
as of November 30,
2007, as reported by the issuer in its Quarterly Report on
Form 10-Q for the
quarterly period ended November 3, 2007.
|
|
|
|
|
NAME
OF REPORTING PERSON
:
Steven
R. Becker
I.R.S.
Identification Nos. of above persons (entities
only):
|
|
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
o
|
|
|
(b)
x
|
|
|
|
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
|
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
|
|
7
8
|
|
SOLE
VOTING POWER
:
2,251,689
SOLE
DISPOSITIVE POWER
:
2,251,689
SHARED
DISPOSITIVE POWER
:
0
|
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES
|
o
|
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
|
|
|
*
Based
on 49,189,672 shares of common stock issued and outstanding as of
September 30,
2007, as reported by the issuer in its Quarterly Report on Form 10-Q
for the
quarterly period ended September 30, 2007.
This
Schedule 13G relates to the common stock (“Common Stock”) of Wilsons The
Leather Experts Inc., acquired by SRB Management, L.P., a Texas
limited
partnership (“SRB Management”), for the account of (1) SRB Greenway
Capital, L.P., a Texas limited partnership (“SRBGC”), (2) SRB Greenway
Capital (Q.P.), L.P., a Texas limited partnership (“SRBQP”) and (3) SRB
Greenway Offshore Operating Fund, L.P., a Cayman Islands limited
partnership
(“SRB Offshore”). SRB Management is the general partner of SRBGC, SRBQP and SRB
Offshore. BC Advisors, LLC, a Texas limited liability company (“BCA”), is the
general partner of SRB Management. Steven R. Becker is the sole
member of BCA.
Each of the reporting persons hereby expressly disclaims membership
in a “group”
under Section 13(d) of the Securities Exchange Act of 1934 and
the rules and
regulations thereunder with respect to the shares of Common Stock
reported
herein, and this Schedule 13G shall not be deemed to be an admission that
any such reporting person is a member of such a group.
Item 1(a).
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Name
of Issuer:
Wilsons
The Leather Experts,
Inc.
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Item
1(b).
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Address
of Issuer's Principal Executive Offices:
7401
Boone Ave. N.
Brooklyn
Park, Minnesota 55428
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Item
2(a).
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Name
of Person Filing:
|
|
See
Item 1 of each cover page.
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Item
2(b).
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Address
of Principal Business Office or if none,
Residence:
300
Crescent Court, Suite 1111
Dallas,
Texas 75201
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Item
2(c).
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Citizenship:
See
Item 4 of each cover page.
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Item
2(d).
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Title
of Class of Securities:
Common
Stock
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Item
2(e).
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CUSIP
Number:
972463103
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|
(a)
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Amount
Beneficially Owned:
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As
of
December 31, 2007 (“Reporting Date”), SRB Management was the beneficial owner of
2,251,689
shares
of
Common Stock for the accounts of SRBGC, SRBQP and SRB Offshore,
including
222,200 shares for the account of SRBGC, 1,948,389 shares for the
account of
SRBQP, and 81,100 shares for the account of SRB Offshore. As the
general partner
of SRB Management, BCA may be deemed to be the beneficial owner
of the shares of
Common Stock beneficially owned by SRB Management, and as the sole
member of
BCA, Steven R. Becker may also be deemed to be the beneficial owner
of the
shares of Common Stock beneficially owned by SRB Management.
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(b)
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Percent
of Class: See Item 11 of each cover
page.
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(c)
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Number
of shares as to which such person
has:
|
|
(i)
|
sole
power to vote or to direct the vote: See Item 5 of each
cover
page.
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(ii)
|
shared
power to vote or to direct the vote: See Item 6 of each
cover
page.
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(iii)
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sole
power to dispose or to direct the disposition of: See Item
7 of each cover
page.
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(iv)
|
shared
power to dispose or to direct the disposition of: See
Item 8 of each cover
page.
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Item 5.
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Ownership
of Five Percent or Less of a Class:
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Item 6.
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Ownership
of More than Five Percent on Behalf of Another
Person:
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Item 7.
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Identification
and Classification of Subsidiary Which Acquired the
Securities:
|
Item 8.
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Identification
and Classification of Members of the
Group:
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Item 9.
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Notice
of Dissolution of Group:
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By
signing below I certify that, to the best of my knowledge and belief,
the
securities referred to above were not acquired and are not held
for the purpose
of or with the effect of changing or influencing the control of
the issuer of
the securities and were not acquired and are not held in connection
with or as a
participant in any transaction having that purpose or effect.
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.
BC
ADVISORS, LLC
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By:
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/s/
Steven R. Becker
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Steven
R. Becker, Member
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SRB
MANAGEMENT, L.P.
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By:
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BC
Advisors, LLC, its general partner
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By:
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/s/
Steven R. Becker
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Steven
R. Becker, Member
|
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/s/
Steven R. Becker
|
Steven
R. Becker
|
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February
13, 2008
|
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