UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 14D-9

(Amendment No. 5)

 

 

Solicitation/Recommendation Statement

under Section 14(d)(4) of the Securities Exchange Act of 1934

 

 

VOLCOM, INC.

(Name of Subject Company)

VOLCOM, INC.

(Names of Person(s) Filing Statement)

 

 

Common Stock, $0.001 par value per share

(Title of Class of Securities)

 

 

92864N101

(CUSIP Number of Class of Securities)

 

 

S. Hoby Darling

Senior Vice President, Strategic Development, General Counsel

Volcom, Inc.

1740 Monrovia Avenue

Costa Mesa, California 92627

(949) 646-2175

(Name, address and telephone numbers of person authorized to receive

notices and communications on behalf of the persons filing statement)

 

 

with copies to:

Cary K. Hyden

Michael A. Treska

Latham & Watkins LLP

650 Town Center Drive, 20 th Floor

Costa Mesa, California 92626

(714) 540-1235

 

 

 

¨ Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

 

 

 


This Amendment No. 5 (the “ Amendment ”) amends and supplements the Solicitation/Recommendation Statement on Schedule 14D-9 of Volcom, Inc. (“ Volcom ” or the “ Company ”) filed with the Securities and Exchange Commission (the “ SEC ”) on May 11, 2011 and amended on May 23, 2011, May 24, 2011, June 2, 2011 and June 8, 2011 (as amended, the “ Schedule 14D-9 ”). The Schedule 14D-9 relates to the tender offer by Transfer Holding, Inc., a Delaware corporation (“ Purchaser ”) and an indirect wholly-owned subsidiary of PPR S.A., a “ société anonyme à conseil d’administration ” (a corporation with a board of directors) (“ PPR ”), to purchase all of the outstanding common stock, par value $0.001 per share, of Volcom (the “ Shares ”), at a price of $24.50 per Share, net to the seller in cash, without interest and less any applicable withholding taxes, upon the terms and conditions set forth in the Offer to Purchase dated May 11, 2011 (the “ Offer to Purchase ”) and the related Letter of Transmittal (which, together with the Offer to Purchase, as each may be amended or supplemented from time to time, constitute the “ Offer ”). The Offer is described in a Tender Offer Statement on Schedule TO filed by PPR and Purchaser with the SEC on May 11, 2011. The Offer to Purchase and the Letter of Transmittal were filed with the Schedule 14D-9 as Exhibits (a)(1)(A) and (a)(1)(B), respectively.

Except as otherwise set forth below, the information set forth in the Schedule 14D-9 remains unchanged and is incorporated by reference as relevant to the items in this Amendment. Capitalized terms used and not defined herein shall have the meanings assigned to such terms in the Schedule 14D-9. This Amendment is being filed to reflect certain updates as reflected below.

 

Item 8. Additional Information.

Item 8 of the Schedule 14D-9 is hereby amended and supplemented by adding to the end of the section entitled “Antitrust Compliance” the following:

Satisfaction of the Antitrust Condition

On June 10, 2011, Volcom and PPR announced that the Antitrust Condition (as defined in the Merger Agreement) has been satisfied. Accordingly, all relevant regulatory approvals in connection with the Offer have been received.

As previously announced, the Offer is scheduled to expire at 5:30 p.m., New York City time, on Thursday, June 16, 2011. The full text of the press release announcing the satisfaction of the Antitrust Condition is filed as Exhibit (a)(5)(C) hereto and is incorporated herein by reference.

 

Item 9. Exhibits.

Item 9 of the Schedule 14D-9 is hereby amended and supplemented by adding the following exhibit:

 

Exhibit
Number

  

Description

(a)(5)(C)    Joint Press Release by PPR S.A. and Volcom, Inc. on June 10, 2011 (incorporated by reference to Exhibit (a)(5)(F) to Schedule TO-T/A of PPR S.A. and Transfer Holding, Inc. filed with the SEC on June 10, 2011).

 

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SIGNATURE

After due 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.

 

VOLCOM, INC.
By:  

/S/    S. Hoby Darling

Name:   S. Hoby Darling
Title:   Senior Vice President, Strategic Development, General Counsel

Dated: June 10, 2011

 

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