1 |
NAMES
OF REPORTING PERSONS
| ||||
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
| |||||
Neuberger Berman Group LLC | |||||
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
| (a) | o | ||
(b) | x | ||||
3 |
SEC
USE ONLY
| ||||
4 |
SOURCE
OF FUNDS
| ||||
OO | |||||
5 |
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e)
or 2(f)
| o | |||
6 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
| ||||
Delaware | |||||
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
| 7 |
SOLE
VOTING POWER
| |||
0 | |||||
8 |
SHARED
VOTING POWER
| ||||
3478208 | |||||
9 |
SOLE
DISPOSITIVE POWER
| ||||
0 | |||||
10 |
SHARED
DISPOSITIVE POWER
| ||||
4146182 | |||||
11 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
| ||||
4146182 | |||||
12 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
| x | |||
13 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
| ||||
6.26%
| |||||
14 |
TYPE
OF REPORTING PERSON
| ||||
HC | |||||
1 |
NAMES
OF REPORTING PERSONS
| ||||
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
| |||||
Neuberger Berman LLC | |||||
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
| (a) | o | ||
(b) | x | ||||
3 |
SEC
USE ONLY
| ||||
4 |
SOURCE
OF FUNDS
| ||||
OO | |||||
5 |
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e)
or 2(f)
| o | |||
6 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
| ||||
Delaware | |||||
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
| 7 |
SOLE
VOTING POWER
| |||
0 | |||||
8 |
SHARED
VOTING POWER
| ||||
1851437 | |||||
9 |
SOLE
DISPOSITIVE POWER
| ||||
0 | |||||
10 |
SHARED
DISPOSITIVE POWER
| ||||
2476111 | |||||
11 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
| ||||
2476111 | |||||
12 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
| x | |||
13 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
| ||||
3.74%
| |||||
14 |
TYPE
OF REPORTING PERSON
| ||||
IA | |||||
1 |
NAMES
OF REPORTING PERSONS
| ||||
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
| |||||
Neuberger Berman Management LLC | |||||
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
| (a) | o | ||
(b) | x | ||||
3 |
SEC
USE ONLY
| ||||
4 |
SOURCE
OF FUNDS
| ||||
OO | |||||
5 |
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(e)
or 2(f)
| o | |||
6 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
| ||||
Delaware | |||||
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
| 7 |
SOLE
VOTING POWER
| |||
1626771 | |||||
8 |
SHARED
VOTING POWER
| ||||
0 | |||||
9 |
SOLE
DISPOSITIVE POWER
| ||||
1670071 | |||||
10 |
SHARED
DISPOSITIVE POWER
| ||||
0 | |||||
11 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
| ||||
1670071 | |||||
12 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
| o | |||
13 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
| ||||
2.52%
| |||||
14 |
TYPE
OF REPORTING PERSON
| ||||
IA | |||||
Item 1. | Security and Issuer |
The class of equity securities to which this statement on Schedule 13D relates is the common shares of Charles River Laboratories International, Inc. (the “Issuer’), (the “Securities”), a Delaware corporation, having its principal business office at 255 Ballardvale Street, Wilmington, Massachusetts 01887. |
Item 2. | Identity and Background |
(a) | This statement is being filed by the following persons: Neuberger Berman Group LLC (“NBG”), Neuberger Berman Holdings LLC (“NB Holdings”), Neuberger Berman Management LLC (“NBM”) and Neuberger Berman LLC (“NB LLC”) (the “Reporting Persons”). |
(b) | NBG, NB Holdings, NBM and NB LLC are Delaware limited liability companies, each having its principal business office at 605 Third Avenue, New York, NY 10158. |
(c) | NBG is the parent company of various subsidiaries engaged in the investment advisory business.
NB Holdings is the holding company of NB LLC, NBM and certain other subsidiaries engaged in the investment advisory business primarily with respect to equities. NBM, an indirect subsidiary of NBG, is an investment adviser registered under the Investment Advisers Act of 1940, as amended, and a limited purpose broker-dealer registered under the Securities Exchange Act of 1934, as amended. As a registered investment adviser (“RIA”), NBM provides investment advisory services to investment companies registered under the Investment Company Act of 1940, as amended. NB LLC, an indirect subsidiary of NBG, is an investment adviser registered under the Investment Advisers Act of 1940, as amended, and a broker-dealer registered under the Securities Exchange Act of 1934, as amended. As a RIA, NB LLC provides discretionary investment advisory services to private investors, institutions, endowments, employee benefit plans, foundations and others. The information required by instruction C to Schedule 13D with respect to the executive officers and directors of the Reporting Persons is set forth below. Neuberger Berman Group LLC Directors Joseph Amato Robert D’Alelio William Fox Jack McCarthy George Walker Richard Worley Lawrence Zicklin Executive Officers George Walker Chief Executive Officer Joseph Amato President Heather Zuckerman Secretary and Executive Vice President Andrew Komaroff Chief Operating Officer and Executive Vice President Irene Ashkenazy Treasurer Neuberger Berman Holdings LLC Executive Officers Joseph Amato President and Chief Executive Officer Kevin Handwerker Secretary and General Counsel Irene Ashkenazy Vice President and Treasurer Neuberger Berman Management LLC Executive Officers Robert Conti President, Chief Executive Officer Joseph Amato Managing Director and Chief Investment Officer -Equities Brad Cetron Chief Compliance Officer, Director of Compliance –B/D Chamaine Williams Chief Compliance Officer, Director of Compliance –I/A John Dorogoff Chief Operations Officer, Chief Financial Officer, and Treasurer Maxine Gerson General Counsel and Managing Director Bradley Tank Managing Director and Chief Investment Officer –Fixed Income Neuberger Berman LLC Executive Officers Joseph Amato President, Chief Executive Officer and Chief Investment Officer - Equities Brad Cetron Chief Compliance Officer John Dorogoff Chief Operations Officer, Chief Financial Officer, and Treasurer Kevin Handwerker General Counsel and Managing Director Bradley Tank Managing Director and Chief Investment Officer –Fixed Income |
(d) | None of the individuals referenced above have been convicted in a criminal proceeding in the past five years. |
(e) | None of the individuals referenced above have been party to a civil proceeding or a judicial or administrative proceeding or subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws in the past five years. |
(f) | All of the individuals referenced above are citizens of the United States. |
Item 3. |
Source
and Amount of Funds or Other Consideration
|
NBM and NB LLC, in their capacity as RIAs, used an aggregate of approximately $45,526,085 and $82,237,645, respectively, of funds provided through the accounts of certain of their investment advisory clients to purchase the Securities reported as beneficially owned in Item 5. |
Item 4. |
Purpose
of Transaction
|
The Securities reported as beneficially owned in Item 5 were purchased by NBM and NB LLC in their capacity as RIAs on behalf of their investment advisory clients for investment purposes in the ordinary course of business. On April 26, 2010, the Issuer announced that it had entered into a definitive agreement with WuXi PharmaTech (Cayman) Inc. (“WuXi”) (the “Agreement”) pursuant to which the Issuer will acquire WuXi. NBM and NB LLC oppose the Agreement because they believe that the acquisition of WuXi by the Issuer is not in the best interests of the Issuer’s stockholders. On June 16, 2010, NBM and NB LLC sent a letter to the Issuer’s Board of Directors, which is attached hereto as Exhibit 1. NBM and NB LLC may communicate with the management of the Issuer, the board of directors of the Issuer, and other stockholders of the Issuer and interested parties about the Issuer and the Agreement. Depending on market conditions, NB LLC and NBM, in their capacity as RIAs, may purchase additional Securities or sell Securities on behalf of their investment advisory clients in the future. |
(a) | Not applicable. |
(b) | Not applicable. |
(c) | Not applicable. |
(d) | Not applicable. |
(e) | Not applicable. |
(f) | Not applicable. |
(g) | Not applicable. |
(h) | Not applicable. |
(i) | Not applicable. |
(j) | Not applicable. |
Item 5. |
Interest
in Securities of the Issuer
|
(a) | The aggregate number of Securities to which this Schedule 13D relates is 4,146,182 shares, representing 6.26% of the 66,191,029 common shares reported as outstanding in the Issuer’s most recent Form 10-Q for the quarterly period ending March 27, 2010. The Reporting Persons beneficially own the Securities as follows:
Common Shares % of Common Shares Outstanding NBM 1,670,071 2.52% NB LLC 2,476,111 3.74% As a result of NBG’s and NB Holdings’ indirect and direct ownership of NB LLC and NBM, each of NBG and NB Holdings are deemed to beneficially own the Securities beneficially owned by NBM and NB LLC. |
(b) | NBM has been granted discretionary voting and dispositive power with respect to 1,626,771 of the shares reported herein as being beneficially owned by it. In addition, NBM has been granted discretionary dispositive power, but not voting power, with respect to the remaining 43,300 shares reported herein as beneficially owned by it. NB LLC has been granted discretionary voting and dispositive power with respect to 1,851,437 of the shares reported herein as being beneficially owned by it, and with respect to such shares, NB LLC shares voting and dispositive power with its clients in whose accounts the shares are held. In addition, NB LLC has been granted discretionary dispositive power, but not voting power, with respect to the remaining 625,374 shares reported herein as beneficially owned by it, and with respect to such shares. NB LLC shares only dispositive power with those clients in whose accounts such shares are held. |
(c) | Transactions effected during the past sixty days are set forth below. |
Transaction Date | Shares or Unites Purchased (Sold) | Price Per Share or Unit |
4/15/2010
4/15/2010 4/15/2010 4/16/2010 4/16/2010 4/19/2010 4/19/2010 4/19/2010 4/20/2010 4/20/2010 4/20/2010 4/20/2010 4/20/2010 4/21/2010 4/21/2010 4/22/2010 4/22/2010 4/22/2010 4/22/2010 4/22/2010 4/22/2010 4/22/2010 4/22/2010 4/22/2010 4/23/2010 4/23/2010 4/23/2010 4/23/2010 4/23/2010 4/23/2010 4/26/2010 4/26/2010 4/26/2010 4/26/2010 4/26/2010 4/26/2010 4/26/2010 4/26/2010 4/27/2010 4/27/2010 4/27/2010 4/27/2010 4/27/2010 4/27/2010 4/27/2010 4/28/2010 4/28/2010 4/28/2010 4/28/2010 4/28/2010 4/28/2010 4/28/2010 4/28/2010 4/28/2010 4/28/2010 4/28/2010 4/28/2010 4/29/2010 4/29/2010 4/29/2010 4/29/2010 4/29/2010 4/30/2010 4/30/2010 5/3/2010 5/3/2010 5/3/2010 5/3/2010 5/3/2010 5/3/2010 5/3/2010 5/3/2010 5/4/2010 5/4/2010 5/4/2010 5/4/2010 5/4/2010 5/5/2010 5/5/2010 5/6/2010 5/6/2010 5/6/2010 5/6/2010 5/7/2010 5/7/2010 5/7/2010 5/7/2010 5/10/2010 5/10/2010 5/10/2010 5/10/2010 5/11/2010 5/11/2010 5/11/2010 5/11/2010 5/11/2010 5/11/2010 5/11/2010 5/12/2010 5/12/2010 5/12/2010 5/12/2010 5/13/2010 5/13/2010 5/14/2010 5/14/2010 5/17/2010 5/17/2010 5/17/2010 5/17/2010 5/17/2010 5/17/2010 5/17/2010 5/17/2010 5/19/2010 5/19/2010 5/19/2010 5/20/2010 5/20/2010 5/20/2010 5/20/2010 5/21/2010 5/21/2010 5/21/2010 5/21/2010 5/21/2010 5/21/2010 5/24/2010 5/24/2010 5/24/2010 5/24/2010 5/24/2010 5/24/2010 5/24/2010 5/25/2010 5/26/2010 5/26/2010 5/26/2010 5/26/2010 5/26/2010 5/26/2010 5/27/2010 5/27/2010 5/27/2010 5/27/2010 5/27/2010 5/27/2010 5/27/2010 5/27/2010 5/27/2010 5/28/2010 5/28/2010 6/1/2010 6/1/2010 6/1/2010 6/1/2010 6/2/2010 6/2/2010 6/2/2010 6/3/2010 6/3/2010 6/3/2010 6/4/2010 6/4/2010 6/7/2010 6/7/2010 6/8/2010 6/8/2010 6/8/2010 6/8/2010 6/8/2010 6/8/2010 6/9/2010 6/9/2010 6/9/2010 6/9/2010 6/9/2010 6/10/2010 6/10/2010 6/10/2010 6/11/2010 6/11/2010 6/14/2010 6/15/2010 | 600
325- 300- 400 410- 325 200 10- 70 700 250 900 325- 220 625- 20 150 300 400 50- 100- 1100- 100- 1900- 170 450 200 150 300- 250- 4620 6660 64100 320 1300 6500 10000- 300- 30660 15 3190 50- 400- 800- 800- 2930 16000 320 700 24400 200 150 2960 925- 1500- 500- 925- 16000 450 340 1200- 100- 2600 70 850 90 621 300 300 314- 300- 500- 100 2725 1300 75- 150- 500 600 300 500 230 300 160 300 100 1400- 8000 5150- 100- 38900- 900 540 1910 150 350 100- 300- 100 2060 600 20- 1300 105- 570 250- 830 500 1200- 300- 515- 1100- 75- 1100- 465 130 245- 50 5000- 2000- 400- 225- 100- 46700- 100- 1050- 1290- 70 150 1 800 60- 600- 600- 4100- 340 100- 350- 70- 40- 400- 60 100 200- 34900- 26700- 100- 350- 800- 300- 745 1000- 10 14 5410- 257- 30 1400- 1800- 30 5000 15- 60 20- 5000 7500- 370 50 100- 80- 750- 4900- 800 1000- 3200- 500- 600- 50 800 500- 270 330 850- 700- | 41.01
41.1412 41.0612 40.94 40.3809 40.43 40.49 40.11 40.29 40.4613 40.21 40.2002 40.5531 40.65 40.4449 40.05 39.9399 39.9999 40.0267 40.02 40.0401 39.8891 39.85 40.1089 39.6799 39.98 39.975 39.898 39.73 39.7219 34 35.26688 33.9305 35.3499 34.11 33.9305 34.6771 35.3867 34.06479 34.12 34.1553 33.95 33.5501 33.9525 34.001 34.26162 34.4322 34.261625 34.4199 34.4322 34.33 34.3486 34.2415 33.9 34.286 34.3501 33.9 34.2056 34.0599 34.36 34.04 34.08 33.5695 34.25 33.5299 33.1 33.59 33.99 33.6352 33.59 32.93 32.954 32.5699 32.2845 32.7891 32.6 32.91 32.3999 31.8917 31.0099 31.6799 31.52 31.9125 31.4999 31.2899 31.48 30.8 31.0563 31.4394 31.2136 30.6938 31.0465 30.75 31.1691 31.1768 31.143 31.01 31.6267 33.1376 32.625 33.1267 32.43 33.2462 32.9824 32.0352 31.93 31.92 32.312 32.33 32.1148 32.077 32.0938 32.18 32.13 32.2964 31.8993 32.101 31.84 31.8273 32.1006 32.1257 31.9127 31.9124 31.862 32.02 31.931 31.8887 32.158 32.158 32.23 32.1061 32.53 32.5215 32.4197 31.0501 31.81 31.995 31.87 32.07 31.98 32.055 32.4 33.11 33.0525 32.66 32.696 32.4001 32.6701 33.06 32.5067 33.4999 33.21 33.13 33.29 33.1752 33.29 33.44 33.3879 33.4613 34.12 34.1878 33.98 33.54 33.12 33.2164 32.8225 33.6499 33.41 33.4001 33.5 33.6051 33.5779 34.5388 35.0301 35.0063 34.9501 34.5 35.67 35.0975 36 36.1999 34.92 35.9716 36.2171 |
(d) | Not applicable. |
(e) | Not applicable. |
Item 6. |
Contracts,
Arrangements, Understandings or Relationships with Respect to Securities
of the Issuer
|
The Reporting Persons hold $5,009,000 (par value) of the Issuer’s 2.25% Convertible Senior Notes due 2013 (the “Notes”). Due to conversion conditions of the Notes, it is not possible as of the date of this filing for the Reporting Persons to convert the Notes into common stock of the Issuer. |
Item 7. |
Material
to Be Filed as Exhibits
|
Letter to Issuer’s Board of Directors, dated June 16,2 010, is attached hereto as Exhibit 1.
The Joint Filing Agreement is attached hereto as Exhibit 2. |
Neuberger Berman Group LLC | |||
June 16, 2010 | By: |
/s/
Kevin Handwerker | |
General Counsel | |||
Neuberger Berman LLC | |||
June 16, 2010 | By: |
/s/
Kevin Handwerker | |
General Counsel | |||
Neuberger Berman Management LLC | |||
June 16, 2010 | By: |
/s/
Robert Conti | |
President and Chief Executive Officer | |||