UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
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STAGE STORES, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
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(Title of Class of Securities)
85254C305
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(CUSIP Number)
DECEMBER 31, 2001
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[_] Rule 13d-1(c)
[X] Rule 13d-1(d)
*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 reminder 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).
CUSIP NO. 85254C305 Schedule 13G Page 2 of 19
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1. Name of Reporting Person Oak Hill Securities Fund, L.P.
S.S. or I.R.S. Identifica-
tion No. of Above Person
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2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [X]
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3. S.E.C. Use Only
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4. Citizenship or Place of Organization Delaware
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Number of Shares (5) Sole Voting Power 1,681,506
Beneficially (6) Shared Voting Power 0
Owned by Each (7) Sole Dispositive Power 1,681,506
Reporting Person (8) Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,681,506
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10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
-----
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11. Percent of Class Represented by Amount in Row (9) 8.4%
----
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12. Type of Reporting Person PN
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CUSIP NO. 85254C305 Schedule 13G Page 3 of 19
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1. Name of Reporting Person Oak Hill Securities GenPar, L.P.
S.S. or I.R.S. Identifica-
tion No. of Above Person
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2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [X]
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3. S.E.C. Use Only
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4. Citizenship or Place of Organization Delaware
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Number of Shares (5) Sole Voting Power 1,681,506
Beneficially (6) Shared Voting Power 0
Owned by Each (7) Sole Dispositive Power 1,681,506
Reporting Person (8) Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,681,506
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10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
-----
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11. Percent of Class Represented by Amount in Row (9) 8.4%
----
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12. Type of Reporting Person PN
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CUSIP NO. 85254C305 Schedule 13G Page 4 of 19
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1. Name of Reporting Person Oak Hill Securities MGP, Inc.
S.S. or I.R.S. Identifica-
tion No. of Above Person
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2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [X]
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3. S.E.C. Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization Delaware
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Number of Shares (5) Sole Voting Power 1,681,506
Beneficially (6) Shared Voting Power 0
Owned by Each (7) Sole Dispositive Power 1,681,506
Reporting Person (8) Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,681,506
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10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
-----
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 8.4%
----
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12. Type of Reporting Person CO
--------------------------------------------------------------------------------
CUSIP NO. 85254C305 Schedule 13G Page 5 of 19
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1. Name of Reporting Person Oak Hill Securities Fund II, L.P.
S.S. or I.R.S. Identifica-
tion No. of Above Person
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2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [X]
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3. S.E.C. Use Only
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4. Citizenship or Place of Organization Delaware
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Number of Shares (5) Sole Voting Power 1,546,879
Beneficially (6) Shared Voting Power 0
Owned by Each (7) Sole Dispositive Power 1,546,879
Reporting Person (8) Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,546,879
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10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
-----
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11. Percent of Class Represented by Amount in Row (9) 7.7%
----
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12. Type of Reporting Person PN
--------------------------------------------------------------------------------
CUSIP NO. 85254C305 Schedule 13G Page 6 of 19
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1. Name of Reporting Person Oak Hill Securities GenPar II, L.P.
S.S. or I.R.S. Identifica-
tion No. of Above Person
--------------------------------------------------------------------------------
2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [X]
--------------------------------------------------------------------------------
3. S.E.C. Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization Delaware
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Number of Shares (5) Sole Voting Power 1,546,879
Beneficially (6) Shared Voting Power 0
Owned by Each (7) Sole Dispositive Power 1,546,879
Reporting Person (8) Shared Dispositive Power 0
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,546,879
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
-----
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9) 7.7%
----
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12. Type of Reporting Person PN
--------------------------------------------------------------------------------
CUSIP NO. 85254C305 Schedule 13G Page 7 of 19
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1. Name of Reporting Person Oak Hill Securities MGP II, Inc.
S.S. or I.R.S. Identifica-
tion No. of Above Person
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2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [X]
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3. S.E.C. Use Only
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4. Citizenship or Place of Organization Delaware
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Number of Shares (5) Sole Voting Power 1,546,879
Beneficially (6) Shared Voting Power 0
Owned by Each (7) Sole Dispositive Power 1,546,879
Reporting Person (8) Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,546,879
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10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
-----
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11. Percent of Class Represented by Amount in Row (9) 7.7%
----
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12. Type of Reporting Person CO
--------------------------------------------------------------------------------
CUSIP NO. 85254C305 Schedule 13G Page 8 of 19
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1. Name of Reporting Person Oak Hill Asset Management, Inc.
S.S. or I.R.S. Identifica-
tion No. of Above Person
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2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [X]
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3. S.E.C. Use Only
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4. Citizenship or Place of Organization Delaware
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Number of Shares (5) Sole Voting Power 83,736
Beneficially (6) Shared Voting Power 0
Owned by Each (7) Sole Dispositive Power 83,736
Reporting Person (8) Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
83,736
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10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
-----
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11. Percent of Class Represented by Amount in Row (9) 0.4%
----
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12. Type of Reporting Person CO
--------------------------------------------------------------------------------
CUSIP NO. 85254C305 Schedule 13G Page 9 of 19
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1. Name of Reporting Person Oak Hill Advisors, L.P.
S.S. or I.R.S. Identifica-
tion No. of Above Person
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2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [X]
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3. S.E.C. Use Only
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4. Citizenship or Place of Organization Delaware
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Number of Shares (5) Sole Voting Power 20,000 (1)
Beneficially (6) Shared Voting Power 0
Owned by Each (7) Sole Dispositive Power 20,000 (1)
Reporting Person (8) Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
20,000 (1)
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10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
-----
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11. Percent of Class Represented by Amount in Row (9) 0.1%
----
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12. Type of Reporting Person PN; IA
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(1) Represents options to purchase 20,000 shares of Common Stock.
CUSIP NO. 85254C305 Schedule 13G Page 10 of 19
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1. Name of Reporting Person Oak Hill Advisors MGP, Inc.
S.S. or I.R.S. Identifica-
tion No. of Above Person
--------------------------------------------------------------------------------
2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [X]
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3. S.E.C. Use Only
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4. Citizenship or Place of Organization Delaware
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Number of Shares (5) Sole Voting Power 20,000 (1)
Beneficially (6) Shared Voting Power 0
Owned by Each (7) Sole Dispositive Power 20,000 (1)
Reporting Person (8) Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
20,000 (1)
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10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
-----
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11. Percent of Class Represented by Amount in Row (9) 0.1%
----
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12. Type of Reporting Person CO
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(1) Represents options to purchase 20,000 shares of Common Stock.
CUSIP NO. 85254C305 Schedule 13G Page 11 of 19
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1. Name of Reporting Person Glenn R. August
S.S. or I.R.S. Identifica- (in the capacity described herein)
tion No. of Above Person
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2. Check the Appropriate Box (a) [_]
if a Member of a Group (b) [X]
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3. S.E.C. Use Only
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4. Citizenship or Place of Organization United States
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Number of Shares (5) Sole Voting Power 3,504,451 (1)
Beneficially (6) Shared Voting Power 0
Owned by Each (7) Sole Dispositive Power 3,504,451 (1)
Reporting Person (8) Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
3,504,451 (1)
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10. Check if the Aggregate Amount in Row (9) Excludes Certain
Shares
-----
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11. Percent of Class Represented by Amount in Row (9) 17.5%
-----
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12. Type of Reporting Person IN
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(1) Includes options to purchase 20,000 shares of Common Stock.
CUSIP NO. 85254C305 Schedule 13G Page 12 of 19
Item 1. (a) NAME OF ISSUER
Stage Stores, Inc. (the "Company").
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
10201 Main Street
Houston, Texas 77025
Item 2. (a) NAMES OF PERSONS FILING
(i) Oak Hill Securities Fund, L.P., a Delaware limited
partnership ("OHSF");
(ii) Oak Hill Securities GenPar, L.P., a Delaware limited
partnership ("OHSF GenPar") and general partner of
OHSF;
(iii) Oak Hill Securities MGP, Inc., a Delaware corporation
("OHSF MGP") and general partner of OHSF GenPar;
(iv) Oak Hill Securities Fund II, L.P., a Delaware limited
partnership ("OHSF II");
(v) Oak Hill Securities GenPar II, L.P., a Delaware
limited partnership ("OHSF GenPar II") and general
partner of OHSF II;
(vi) Oak Hill Securities MGP II, Inc., a Delaware
corporation ("OHSF MGP II") and general partner of
OHSF GenPar II;
(vii) Oak Hill Asset Management, Inc., a Delaware
corporation ("OHAM");
(viii) Oak Hill Advisors, L.P., a Delaware limited
partnership ("OHA");
(ix) Oak Hill Advisors MGP, Inc. ("OHA MGP") and general
partner of OHA; and
(x) Glenn R. August ("Mr. August"), sole stockholder and
President of OHSF MGP, OHSF MGP II, OHA MGP and OHAM,
((i) through (x) collectively, the "Reporting
Persons").
(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE
The address of the principal business offices of (i) OHSF MGP,
(ii) OHSF MGP II and (iii) Mr. August is 65 East 55th Street, 32nd
Floor, New York, NY 10022.
The address of the principal business offices of (i) OHSF,
(ii) OHSF GenPar, (iii) OHSF II, (iv) OHSF GenPar II, (v) OHA, (vi) OHA
MGP and (vii) OHAM is 201 Main Street, Suite 2415, Forth Worth, TX
76102.
(c) CITIZENSHIP
OHSF - a Delaware limited partnership
CUSIP NO. 85254C305 Schedule 13G Page 13 of 19
OHSF GenPar, L.P. - a Delaware limited partnership
OHSF MGP - a Delaware corporation
OHSF II - a Delaware limited partnership
OHSF GenPar II - a Delaware limited partnership
OHSF MGP II - a Delaware corporation
OHA - a Delaware limited partnership
OHA MGP - a Delaware corporation
OHAM - a Delaware corporation
Mr. August - United States
(d) TITLE OF CLASS OF SECURITIES
Common Stock, par value $.01 per share (the "Common Stock" or
"Shares")
(e) CUSIP NUMBER
85254C305
Item 3. This statement is not filed pursuant to either Rule 13d-1(b) or
13d-2(b) or (c).
Item 4. OWNERSHIP.
(a) AMOUNT BENEFICIALLY OWNED:
As of December 31, 2001, (i) OHSF may be deemed to
beneficially own 1,681,506 shares of Common Stock and each of
OHSF GenPar and OHSF MGP, in their capacities as general
partners of OHSF and OHSF GenPar, respectively, may be deemed
to beneficially own 1,681,506 shares of Common Stock as a
result of their voting and dispositive power over the
1,681,506 shares of Common Stock held by OHSF; (ii) OHSF II
may be deemed to beneficially own 1,546,879 shares of Common
Stock and each of OHSF GenPar II and OHSF MGP II, in their
capacities as general partners of OHSF II and OHSF GenPar II,
respectively, may be deemed to beneficially own 1,546,879
shares of Common Stock as a result of their voting and
dispositive power over the 1,546,879 shares of Common Stock
held by OHSF II; (iii) OHAM, in its capacity as investment
adviser, may be deemed to beneficially own 83,736 shares of
Common Stock as a result of its voting and dispositive power
over the 83,736 shares of Common Stock held by two advisory
clients; (iv) OHA may be deemed to beneficially own 20,000
shares of Common Stock and OHA MGP, in its capacity as general
partner of OHA, may be deemed to beneficially own 20,000
shares of Common Stock as a result of its voting and
dispositive power over the 20,000 shares of Common Stock held
by OHA; and (v) as a result of the relationships described in
Item 2, Mr. August may be deemed to beneficially own 3,504,451
shares of Common Stock as a result of his voting and
dispositive power over: (i) 1,681,506 shares of Common Stock
held by OHSF; (ii) 1,546,879 shares of Common Stock held by
OHSF II; (iii) 83,786 shares of
CUSIP NO. 85254C305 Schedule 13G Page 14 of 19
Common Stock held by OHAM; and (iv) 20,000 shares of Common
Stock held by OHA.
(b) PERCENTAGE OWNED:
Based on calculations made in accordance with Rule 13d-3(d),
and there being 19,972,653 Common Stock outstanding as of
October 1, 2001, as reported in the Company's Amendment No. 1
to Form 10 filed on December 13, 2001 with the Securities and
Exchange Commission, (i) each of OHSF, OHSF GenPar and OHSF
MGP, in their capacities as general partners of OHSF and OHSF
GenPar, respectively, may be deemed to beneficially own
approximately 8.4% of the outstanding Common Stock; (ii) each
of OHSF II, OHSF GenPar II and OHSF MGP II, in their
capacities as general partners of OHSF II and OHSF GenPar II,
respectively, may be deemed to beneficially own approximately
7.7% of the outstanding Common Stock; (iii) OHAM, in its
capacity as investment adviser, may be deemed to beneficially
own approximately 0.4% of the outstanding Common Stock; (iv)
OHA and OHA MGP, in its capacity as general partner of OHA,
may be deemed to beneficially own approximately 0.1% of the
outstanding Common Stock on a diluted basis in accordance with
Rule 13d-3(d); and (v) Mr. August may be deemed to
beneficially own approximately 17.5% of the outstanding Common
Stock on a diluted basis in accordance with Rule 13d-3(d).
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) Each of OHSF, OHSF GenPar and OHSF MGP, in their
capacities as general partners of OHSF and OHSF GenPar,
respectively, may be deemed to have the sole power to direct
the voting and disposition of the 1,681,506 shares of Common
Stock beneficially owned by OHSF; (ii) each of OHSF II, OHSF
GenPar II and OHSF MGP II, in their capacities as general
partners of OHSF II and OHSF GenPar II, respectively, may be
deemed to have the sole power to direct the voting and
disposition of the 1,546,879 shares of Common Stock
beneficially owned by OHSF II; (iii) OHAM, in its capacity as
investment adviser, may be deemed to have the sole power to
direct the voting and disposition of the 83,736 shares of
Common Stock beneficially owned by two investment advisory
clients; (iv) OHA and OHA MGP, in its capacity as general
partner of OHA, may be deemed to have the sole power to direct
the voting and disposition of the 20,000 shares of Common
Stock OHA beneficially owns; and (v) by virtue of the
relationship between Mr. August and each of OHSF, OHSF GenPar,
OHSF MGP, OHSF II, OHSF GenPar II, OHSF MGP II, OHAM, OHA and
OHA MGP, Mr. August may be deemed to have the sole power to
direct the voting and disposition of the 3,504,451 shares of
Common Stock beneficially owned by each of such persons.
Each of the Reporting Persons disclaims beneficial
ownership of the Common Stock beneficially owned by the other
Reporting Persons,
CUSIP NO. 85254C305 Schedule 13G Page 15 of 19
other than the shares of Common Stock reported in this
Schedule 13G as beneficially owned by such Reporting Person.
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not applicable.
Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
See Item 4 above. The limited partners of OHSF and OHSF II
have the right to participate in the receipt of dividends from, or
proceeds from the sale of, the securities held for the account of OHSF
and OHSF II in accordance with their ownership interests in such
entities.
Item 7. IDENTIFICATION AND CLASSIFICATION OF SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable.
Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable.
Item 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
Item 10. CERTIFICATION
Not applicable.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
CUSIP NO. 85254C305 Schedule 13G Page 16 of 19
SIGNATURES
After reasonable inquiry and to the best of our knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
Dated as of February 8, 2002
OAK HILL SECURITIES FUND, L.P.
By: Oak Hill Securities GenPar, L.P.
its general partner
By: Oak Hill Securities MGP, Inc.
its general partner
By: /s/ Glenn R. August
---------------------------------------
Name: Glenn R. August
Title: President
OAK HILL SECURITIES GENPAR, L.P.
By: Oak Hill Securities MGP, Inc.
its general partner
By: /s/ Glenn R. August
---------------------------------------
Name: Glenn R. August
Title: President
CUSIP NO. 85254C305 Schedule 13G Page 17 of 19
OAK HILL SECURITIES MGP, INC.
By: /s/ Glenn R. August
---------------------------------------
Name: Glenn R. August
Title: President
OAK HILL SECURITIES FUND II, L.P.
By: Oak Hill Securities GenPar II, L.P.
its general partner
By: Oak Hill Securities MGP II, Inc.
its general partner
By: /s/ Glenn R. August
---------------------------------------
Name: Glenn R. August
Title: President
OAK HILL SECURITIES GENPAR II, L.P.
By: Oak Hill Securities MGP II, Inc.
its general partner
By: /s/ Glenn R. August
---------------------------------------
Name: Glenn R. August
Title: President
OAK HILL SECURITIES MGP II, INC.
By: /s/ Glenn R. August
---------------------------------------
Name: Glenn R. August
Title: President
OAK HILL ASSET MANAGEMENT, INC.
By: /s/ Glenn R. August
---------------------------------------
Name: Glenn R. August
Title: President
CUSIP NO. 85254C305 Schedule 13G Page 18 of 19
OAK HILL ADVISORS, L.P.
By: Oak Hill Advisors MGP, Inc.
its general partner
By: /s/ Glenn R. August
---------------------------------------
Name: Glenn R. August
Title: President
OAK HILL ADVISORS MGP, INC.
By: /s/ Glenn R. August
---------------------------------------
Name: Glenn R. August
Title: President
MR. GLENN R. AUGUST
/s/ Glenn R. August
-----------------------------------------------
CUSIP NO. 85254C305 Schedule 13G Page 19 of 19
EXHIBIT INDEX
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Exhibit 1. Joint Filing Agreement as required by Rule 13d-1(k)(1) under
the Securities Exchange Act of 1934, as amended.