UNITED STATES
SECURITIES EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )
OWENS-ILLINOIS, INC.
--------------------
(Name of Issuer)
Common Stock, $.01 par value per share
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(Title of Class of Securities)
690768403
---------
(CUSIP Number)
April 14, 2005
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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)
[X] Rule 13d-1(c)
[_] 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 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).
Continued on following pages
Page 1 of 10 Pages
Exhibit Index: Page 9
SCHEDULE 13G
CUSIP No.: 690768403 Page 2 of 10 Pages
...............................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
GLENVIEW CAPITAL MANAGEMENT, LLC
...............................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
...............................................................................
3. SEC Use Only
...............................................................................
4. Citizenship or Place of Organization
Delaware
...............................................................................
Number of 5. Sole Voting Power None
Shares ............................................................
Beneficially 6. Shared Voting Power 8,466,806
Owned by Each ............................................................
Reporting 7. Sole Dispositive Power None
Person With ............................................................
8. Shared Dispositive Power 8,466,806
...............................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
8,466,806
...............................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[ ]
...............................................................................
11. Percent of Class Represented by Amount in Row (9)
5.6% based on 151,668,551 shares outstanding as of March 14, 2005.
...............................................................................
12. Type of Reporting Person:
OO
CUSIP No.: 690768403 Page 3 of 10 Pages
...............................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
GLENVIEW CAPITAL GP, LLC
...............................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
...............................................................................
3. SEC Use Only
...............................................................................
4. Citizenship or Place of Organization
Delaware
...............................................................................
Number of 5. Sole Voting Power None
Shares ............................................................
Beneficially 6. Shared Voting Power 8,466,806
Owned by Each ............................................................
Reporting 7. Sole Dispositive Power None
Person With ............................................................
8. Shared Dispositive Power 8,466,806
...............................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
8,466,806
...............................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[ ]
...............................................................................
11. Percent of Class Represented by Amount in Row (9)
5.6% based on 151,668,551 shares outstanding as of March 14, 2005.
...............................................................................
12. Type of Reporting Person:
OO
SCHEDULE 13G
CUSIP No.: 690768403 Page 4 of 10 Pages
...............................................................................
1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
LAWRENCE M. ROBBINS
...............................................................................
2. Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [X]
...............................................................................
3. SEC Use Only
...............................................................................
4. Citizenship or Place of Organization
United States of America
...............................................................................
Number of 5. Sole Voting Power None
Shares ............................................................
Beneficially 6. Shared Voting Power 8,466,806
Owned by Each ............................................................
Reporting 7. Sole Dispositive Power None
Person With ............................................................
8. Shared Dispositive Power 8,466,806
...............................................................................
9. Aggregate Amount Beneficially Owned by Each Reporting Person
8,466,806
...............................................................................
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions)
[ ]
...............................................................................
11. Percent of Class Represented by Amount in Row (9)
5.6% based on 151,668,551 shares outstanding as of March 14, 2005.
...............................................................................
12. Type of Reporting Person:
IA
Page 5 of 10 Pages
Item 1(a). Name of Issuer:
Owens-Illinois, Inc. (the "Issuer)
Item 1(b). Address of Issuer's Principal Executive Offices:
One SeaGate, Toledo, Ohio 43666.
Item 2(a). Name of Person Filing
This Statement is filed on behalf of each of the following persons
(collectively, the "Reporting Persons"):
i) Glenview Capital Management, LLC ("Glenview Capital
Management");
ii) Glenview Capital GP, LLC ("Glenview Capital GP"); and
iii) Lawrence M. Robbins ("Mr. Robbins").
This Statement relates to Shares (as defined herein) held for the
accounts of Glenview Capital Partners, L.P., a Delaware limited partnership
("Glenview Capital Partners"), Glenview Institutional Partners, L.P., a
Delaware limited partnership ("Glenview Institutional Partners"), Glenview
Capital Master Fund, Ltd., a Cayman Islands exempted company ("Glenview Capital
Master Fund"), GCM Little Arbor Master Fund, Ltd., a Cayman Islands exempted
company ("GCM Little Arbor Master Fund"), GCM Little Arbor Institutional
Partners, L.P., a Delaware limited partnership ("GCM Little Arbor Institutional
Partners"), and GCM Little Arbor Partners, L.P., a Delaware limited partnership
("GCM Little Arbor Partners").
Glenview Capital Management serves as investment manager to each
of Glenview Capital Partners, Glenview Institutional Partners, Glenview Capital
Master Fund, GCM Little Arbor Master Fund, GCM Little Arbor Institutional
Partners, and GCM Little Arbor Partners. In such capacity, Glenview Capital
Management may be deemed to have voting and dispositive power over the Shares
held for the accounts of each of Glenview Capital Partners, Glenview
Institutional Partners, Glenview Capital Master Fund, GCM Little Arbor Master
Fund, GCM Little Arbor Institutional Partners, and GCM Little Arbor Partners.
Glenview Capital GP is the general partner of Glenview Capital Partners,
Glenview Institutional Partners, GCM Little Arbor Institutional Partners and
GCM Little Arbor Partners. Glenview Capital GP also serves as the sponsor of
the Glenview Capital Master Fund and the GCM Little Arbor Master Fund. In such
capacities, Glenview Capital GP may be deemed to have voting and dispositive
power over the Shares held for the accounts of each of Glenview Capital
Partners, Glenview Institutional Partners, Glenview Capital Master Fund, GCM
Little Arbor Master Fund, GCM Little Arbor Institutional Partners, and GCM
Little Arbor Partners. Mr. Robbins is the Chief Executive Officer of Glenview
Capital Management and Glenview Capital GP.
Item 2(b). Address of Principal Business Office or, if None, Residence
The address of the principal business office of each of Glenview
Capital Management, Glenview Capital GP, and Mr. Robbins is 399 Park Avenue,
Floor 39, New York, New York 10022.
Page 6 of 10 Pages
Item 2(c). Citizenship
i) Glenview Capital Management is a Delaware limited liability
company;
ii) Glenview Capital GP is a Delaware limited liability company;
and
iii) Mr. Robbins is a citizen of the United States of America.
Item 2(d). Title of Class of Securities:
Common Stock, $.01 par value per share (the "Shares")
Item 2(e). CUSIP Number:
690768403
Item 3 If This Statement is Filed Pursuant to ss.ss.240.13d-1(b) or
240.13d-2(b) or (c), Check Whether the Person Filing is a:
This Item 3 is not applicable.
Item 4. Ownership:
Item 4(a). Amount Beneficially Owned:
As of April 22, 2005, each of the Reporting Persons may be deemed
to be the beneficial owner of 8,466,806 Shares. This amount consists of: (A)
708,700 Shares held for the account of Glenview Capital Partners; (B) 5,061,400
Shares held for the account of Glenview Capital Master Fund; (C) 2,493,200
Shares held for the account of Glenview Institutional Partners; (D) 168,400
Shares held for the account of GCM Little Arbor Master Fund, (E) 28,065 Shares
held for the account of GCM Little Arbor Institutional Partners, and (F) 7,041
Shares held for the account of GCM Little Arbor Partners.
Item 4(b). Percent of Class:
The number of Shares of which each of the Reporting Persons may be
deemed to be the beneficial owner constitutes approximately 5.6% of the total
number of Shares outstanding (based upon information provided by the Issuer in
its most recently-filed proxy statement, there were approximately 151,668,551
Shares outstanding as of March 14, 2005).
Item 4(c). Number of Shares of which such person has:
Glenview Capital Management, Glenview Capital GP, and Mr. Robbins:
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(i) Sole power to vote or direct the vote: 0
(ii) Shared power to vote or direct the vote: 8,466,806
(iii) Sole power to dispose or direct the disposition of: 0
(iv) Shared power to dispose or direct the disposition of: 8,466,806
Page 7 of 10 Pages
Item 5. Ownership of Five Percent or Less of a Class:
This Item 5 is not applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
This Item 6 is not applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company:
This Item 7 is not applicable.
Item 8. Identification and Classification of Members of the Group: This
Item 8 is not applicable.
Item 9. Notice of Dissolution of Group:
This Item 9 is not applicable.
Item 10. Certification:
By signing below each of the Reporting Persons certifies that,
to the best of their 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.
Page 8 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.
Date: April 25, 2005 GLENVIEW CAPITAL MANAGEMENT, LLC
By: /s/ Lawrence M. Robbins
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Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: April 25, 2005 GLENVIEW CAPITAL GP, LLC
By: /s/ Lawrence M. Robbins
----------------------------------
Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: April 25, 2005 LAWRENCE M. ROBBINS
By: /s/ Lawrence M. Robbins
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Page 9 of 10 Pages
EXHIBIT INDEX
Ex. Page No.
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A. Joint Filing Agreement, dated April 25, 2005 by and among
Glenview Capital Management, LLC, Glenview Capital GP, LLC,
and Lawrence M. Robbins..................................... 10
Page 10 of 10 Pages
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G with
respect to the Common Stock of Owens-Illinois, Inc. dated as of April 25, 2005
is, and any amendments thereto (including amendments on Schedule 13D) signed by
each of the undersigned shall be, filed on behalf of each of us pursuant to and
in accordance with the provisions of Rule 13d-1(k) under the Securities
Exchange Act of 1934, as amended.
Date: April 25, 2005 GLENVIEW CAPITAL MANAGEMENT, LLC
By: /s/ Lawrence M. Robbins
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Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: April 25, 2005 GLENVIEW CAPITAL GP, LLC
By: /s/ Lawrence M. Robbins
----------------------------------
Name: Lawrence M. Robbins
Title: Chief Executive Officer
Date: April 25, 2005 LAWRENCE M. ROBBINS
By: /s/ Lawrence M. Robbins
----------------------------------