UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 29)
Under the Securities Exchange Act of 1934
PRGX Global, Inc.
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(Name of Issuer)
Common Stock, No Par Value Per Share
------------------------------------
(Title of Class of Securities)
69357C503
---------
(CUSIP Number)
Gwen G. Reinke
Blum Capital Partners, L.P.
909 Montgomery Street, Suite 400
San Francisco, CA 94133
(415) 434-1111
--------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 5, 2012
------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g),
check the following box [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for
other parties to whom copies are to be sent.
*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 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).
Page 1 of 12
CUSIP NO. 69357C503 SCHEDULE 13D Page 2 of 12
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1. NAME OF REPORTING PERSON BLUM CAPITAL PARTNERS, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3205364
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS* See Item 3
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION California
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7. SOLE VOTING POWER -0-
NUMBER OF ----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 2,749,234**
BENEFICIALLY
OWNED BY EACH ----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 2,749,234**
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,749,234**
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.9%**
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14. TYPE OF REPORTING PERSON PN, IA
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** See Item 5
* * * * * *
CUSIP NO. 69357C503 SCHEDULE 13D Page 3 of 12
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1. NAME OF REPORTING PERSON RICHARD C. BLUM & ASSOCIATES, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-2967812
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS* See Item 3
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION California
-----------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF ----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 2,749,234**
BENEFICIALLY
OWNED BY EACH ----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 2,749,234**
-----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,749,234**
-----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.9%**
-----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON CO
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** See Item 5
* * * * * *
CUSIP NO. 69357C503 SCHEDULE 13D Page 4 of 12
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1. NAME OF REPORTING PERSON BLUM STRATEGIC GP II, L.L.C.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3395150
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS* See Item 3
-----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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7. SOLE VOTING POWER -0-
NUMBER OF ----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 2,749,234**
BENEFICIALLY
OWNED BY EACH ----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 2,749,234**
-----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,749,234**
-----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.9%**
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14. TYPE OF REPORTING PERSON OO (Limited Liability Company)
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** See Item 5
* * * * * *
CUSIP NO. 69357C503 SCHEDULE 13D Page 5 of 12
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1. NAME OF REPORTING PERSON BLUM STRATEGIC PARTNERS II, L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 94-3395151
-----------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x]
(b) [x]
-----------------------------------------------------------------------------
3. SEC USE ONLY
-----------------------------------------------------------------------------
4. SOURCE OF FUNDS* See Item 3
-----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
-----------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
-----------------------------------------------------------------------------
7. SOLE VOTING POWER -0-
NUMBER OF ----------------------------------------------------------
SHARES 8. SHARED VOTING POWER 2,749,234**
BENEFICIALLY
OWNED BY EACH ----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER -0-
----------------------------------------------------------
10. SHARED DISPOSITIVE POWER 2,749,234**
-----------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,749,234**
-----------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.9%**
-----------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON PN
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** See Item 5
* * * * * *
CUSIP NO. 69357C503 SCHEDULE 13D Page 6 of 12
Item 1. Security and Issuer
----------------------------
This Amendment No. 29 amends the Statement on Schedule 13D (the "Schedule
13D") filed with the Securities and Exchange Commission (the "Commission") on
January 3, 2012 by Blum Capital Partners, L.P., a California limited
partnership, ("Blum LP"); Richard C. Blum & Associates, Inc., a California
corporation ("RCBA Inc. "); Blum Strategic GP II, L.L.C., a Delaware
limited liability company ("Blum GP II"); Blum Strategic Partners II, L.P., a
Delaware limited partnership ("Blum Strategic II"),(collectively, the
"Reporting Persons").
This amendment to the Schedule 13D relates to the shares of Common Stock, no
par value per share (the "Common Stock") of PRGX Global, Inc., a
Georgia corporation (the "Issuer"). The principal executive office and
mailing address of the Issuer is 600 Galleria Parkway, Suite 100, Atlanta,
Georgia 30339-5949.
The following amendments to the Schedule 13D are hereby made. Unless
otherwise defined herein, all capitalized terms shall have the meanings
ascribed to them in the Schedule 13D.
Item 2. Identity and Background
--------------------------------
Item 2 of the Schedule 13D is hereby amended and restated in its entirety
with the following:
Blum LP is a California limited partnership whose principal business is
acting as general partner for investment partnerships and providing
investment advisory services. Blum LP is an investment advisor registered
with the Securities and Exchange Commission. The sole general partner of
Blum LP is RCBA Inc.
* * * * * *
CUSIP NO. 69357C503 SCHEDULE 13D Page 7 of 12
The principal business office address of Blum LP and RCBA Inc. is 909
Montgomery Street, Suite 400, San Francisco, California 94133. The names
of the executive officers and directors of RCBA Inc., their addresses,
citizenship and principal occupations are as follows:
Name and Business Citizenship Principal Occupation
Office Held Address or Employment
-------------------- ----------------------- --------- --------------------
Richard C. Blum 909 Montgomery St. USA President & Chairman,
President, Suite 400 Blum LP
Chairman & Director San Francisco, CA 94133
Murray McCabe 909 Montgomery St. USA Managing Partner,
Managing Partner Suite 400 Blum LP
San Francisco, CA 94133
Nils Colin Lind 909 Montgomery St. USA and Senior Adviser,
Senior Adviser Suite 400 Norway Blum LP
San Francisco, CA 94133
Jane J. Su 909 Montgomery St. USA Managing Partner,
Managing Partner Suite 400 Blum LP
San Francisco, CA 94133
David H.S. Chung 909 Montgomery St. USA Partner,
Partner Suite 400 Blum LP
San Francisco, CA 94133
Peter Westley 909 Montgomery St. USA Partner,
Partner Suite 400 Blum LP
San Francisco, CA 94133
Gwen G. Reinke 909 Montgomery St. USA Partner, General
Partner, General Suite 400 Counsel & Chief
Counsel & Chief San Francisco, CA 94133 Compliance Officer
Compliance Officer Blum LP
Marc T. Scholvinck 909 Montgomery St. USA Managing Partner &
Managing Partner, Suite 400 Chief Financial
Chief Financial San Francisco, CA 94133 Officer,
Officer, Assistant Blum LP
Secretary & Director
* * * * *
CUSIP NO. 69357C503 SCHEDULE 13D Page 8 of 12
Blum GP II is a Delaware limited liability company whose principal business is
acting as the sole general partner of Blum Strategic Partners II, L.P. ("Blum
Strategic II") and also as managing limited partner of Blum Strategic Partners
II GmbH & Co. KG ("Blum Strategic KG").
The principal business office address of Blum GP II is 909 Montgomery Street,
Suite 400, San Francisco, CA 94133. The names of the managing members and
members of Blum GP II, their addresses, citizenship and principal occupations
are as follows:
Name and Business Citizen- Principal Occupation
Office Held Address ship or Employment
-------------------- ----------------------- --------- -------------------
Richard C. Blum 909 Montgomery St. USA President & Chairman,
Managing Member Suite 400 Blum LP
San Francisco, CA 94133
Nils Colin Lind 909 Montgomery St. USA and Senior Adviser,
Member Suite 400 Norway Blum LP
San Francisco, CA 94133
Jane J. Su 909 Montgomery St. USA Managing Partner,
Managing Member Suite 400 Blum LP
San Francisco, CA 94133
David H.S. Chung 909 Montgomery St. USA Partner,
Member Suite 400 Blum LP
San Francisco, CA 94133
Gwen G. Reinke 909 Montgomery St. USA Partner, General
Member Suite 400 Counsel & Chief
San Francisco, CA 94133 Compliance Officer
Blum LP
Marc T. Scholvinck 909 Montgomery St. USA Managing Partner &
Managing Member Suite 400 Chief Financial
San Francisco, CA 94133 Officer,
Blum LP
To the best knowledge of the Reporting Persons, none of the entities or
persons identified in this Item 2 has, during the past five years, been
convicted of any criminal proceeding (excluding traffic violations or similar
misdemeanors), nor been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with respect to
such laws.
* * * * *
CUSIP NO. 69357C503 SCHEDULE 13D Page 9 of 12
Item 3. Source and Amount of Funds or Other Considerations
------------------------------------------------------------
There have been no changes to Item 3 since the Schedule 13D Amendment
filed on May 23, 2003.
Item 4. Purpose of Transaction
-------------------------------
On December 5, 2012, Blum LP, RCBA Inc., Blum Strategic II, Blum Strategic KG
and BK Capital Partners IV, L.P. (collectively, the "Blum Selling
Stockholders"), together with other selling stockholders, entered into that
certain Underwriting Agreement (the "Underwriting Agreement") with the Issuer
and William Blair & Company, L.L.C. as the representative (the
"Representative") of the several underwriters party thereto (the
"Underwriters"). Pursuant to the Underwriting Agreement, the Blum Selling
Stockholders agreed to sell to the Underwriters, and the Underwriters agreed
to buy from the Blum Selling Stockholders, subject to the terms and conditions
set forth therein, an aggregate of 2,749,243 shares of Common Stock of the
Issuer at a price of $6.0066 per share (net of underwriting discounts and
commissions), in an underwritten public offering pursuant to the Issuer's
Registration Statement on Form S-3 (Registration No. 333-185027) and the
prospectus supplements filed by the Issuer with the Commission on November 27,
2012 and December 6, 2012 (the "Offering"). The Offering is expected to close
on December 11, 2012.
In connection with the Offering, each of the Blum Selling Stockholders entered
into Lock-Up Letters, dated as of November 27, 2012, (the "Lock-Up Letters")
with the Underwriters with respect to any shares not sold in the Offering,
pursuant to which, among other things, each Blum Selling Stockholder agreed
that it will not, during a period beginning November 27, 2012 and ending 90
days after the date of the final prospectus relating to the Offering, subject
to certain exceptions, directly or indirectly: (i) offer, sell (including
"short" selling), assign, transfer, encumber, pledge, contract to sell, grant
an option to purchase, establish an open "put equivalent position" within the
meaning of Rule 16a-1(h) under the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), or otherwise dispose of (or enter into any transaction
or device that is designed to, or could reasonably be expected to, result in
the disposition at any time in the future of) any shares of Common Stock or
securities, options or rights convertible or exchangeable into, or exercisable
for, Common Stock held of record or beneficially owned (within the meaning of
Rule 13d-3 under the Exchange Act) by the undersigned, or (ii) enter any swap
or other arrangement that transfers all or a portion of the economic
consequences associated with the ownership by the undersigned of any Common
Stock.
The information set forth in this Item 4 is qualified in its entirety by
reference to the Underwriting Agreement (Exhibit B hereto) and the form of
Lock-Up Letter (Exhibit C hereto), each of which is incorporated by reference
herein in its entirety.
* * * * * *
CUSIP NO. 69357C503 SCHEDULE 13D Page 10 of 12
Item 5. Interest in Securities of the Issuer
---------------------------------------------
Item 5 of the Schedule 13D is hereby amended as follows:
(a),(b) According to the Issuer's Form 10-Q filed with the Securities and
Exchange Commission on November 6, 2012, there were 25,410,404 shares of
Common Stock issued and outstanding as of October 26, 2012. Based on such
information, the Reporting Persons report beneficial ownership of the
following shares of Common Stock: (i) 3,088 shares of Common Stock held
directly by RCBA Inc., which represents 0.0% of the outstanding shares of the
Common Stock; (ii) 14,807 shares of Common Stock held directly by Blum LP,
which represents 0.1% of the outstanding shares of the Common Stock; (iii)
1,369 shares of the Common Stock held by Blum LP and RCBA Inc. on behalf of
the limited partnerships for which Blum LP serves as the general partner,
which represents 0.0% of the outstanding shares of the Common Stock; and (iv)
2,729,970 shares of the Common Stock held by Blum GP II on behalf of the
limited partnership for which it serves as the general partner and on behalf
of the limited partnership for which it serves as the managing limited
partner, which represents 10.8% of the outstanding shares of the Common Stock.
Voting and investment power concerning the above shares are held solely by
Blum LP and Blum GP II. The Reporting Persons therefore may be deemed to be
members in a group, in which case the group would be deemed to have beneficial
ownership of an aggregate of 2,749,234 shares of the Common Stock, which is
10.9% of the outstanding Common Stock. As the sole general partner of Blum LP,
RCBA Inc. is deemed the beneficial owner of the securities over which Blum LP
has voting and investment power. The filing of this Schedule shall not be
construed as an admission that any of the shareholders, directors or executive
officers of RCBA Inc. or the managing members and members of Blum GP II, are,
for any purpose, the beneficial owner of any of the securities that are
beneficially owned by RCBA Inc., or Blum GP II.
(c) The Reporting Persons have not effected any transactions in the Common
Stock of the Issuer during the last 60 days.
(d) Not applicable.
(e) Not applicable.
* * * * * *
CUSIP NO. 69357C503 SCHEDULE 13D Page 11 of 12
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
----------------------------------------------------------------------
Except as set forth elsewhere in this Schedule 13D, none of the Reporting
Persons or, to the best knowledge of the Reporting Persons, the other persons
named in Item 2, is a party to any contract, arrangement, understanding or
relationship with respect to any securities of the Issuer, including but not
limited to the transfer or voting of any securities of the Issuer, finder's
fees, joint ventures, loan or option arrangements, puts or calls, guarantees
of profits, division of profits or loss, or the giving or withholding of
proxies.
The information set forth in Item 4 above is hereby incorporated by reference
in response to this Item 6.
Item 7. Material to be Filed as Exhibits
-----------------------------------------
Exhibit A - Joint Filing Undertaking
Exhibit B - Underwriting Agreement
Exhibit C - Form of Lock-Up Letter
* * * * * *
CUSIP NO. 69357C503 SCHEDULE 13D Page 12 of 12
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: December 7, 2012
RICHARD C. BLUM & ASSOCIATES, INC. BLUM CAPITAL PARTNERS, L.P.
By: Richard C. Blum & Associates, Inc.
its General Partner
By: /s/ Gwen G. Reinke By: /s/ Gwen G. Reinke
------------------------------- ----------------------------------
Gwen G. Reinke Gwen G. Reinke
Partner, General Counsel & Partner, General Counsel &
Chief Compliance Officer Chief Compliance Officer
BLUM STRATEGIC GP II, L.L.C. BLUM STRATEGIC PARTNERS II, L.P.
By: Blum Strategic GP II, L.L.C.,
its General Partner
By: /s/ Gwen G. Reinke By: /s/ Gwen G. Reinke
------------------------------- ----------------------------------
Gwen G. Reinke Gwen G. Reinke
Member Member
* * * * * *
CUSIP NO. 69357C503 SCHEDULE 13D Page 1 of 1
Exhibit A
JOINT FILING UNDERTAKING
The undersigned, being duly authorized thereunto, hereby execute this
agreement as an exhibit to this Schedule 13D to evidence the agreement of the
below-named parties, in accordance with the rules promulgated pursuant to the
Securities Exchange Act of 1934, to file this Schedule jointly on behalf of
each such party.
Dated: December 7, 2012
RICHARD C. BLUM & ASSOCIATES, INC. BLUM CAPITAL PARTNERS, L.P.
By: Richard C. Blum & Associates, Inc.
its General Partner
By: /s/ Gwen G. Reinke By: /s/ Gwen G. Reinke
------------------------------- ----------------------------------
Gwen G. Reinke Gwen G. Reinke
Partner, General Counsel & Partner, General Counsel &
Chief Compliance Officer Chief Compliance Officer
BLUM STRATEGIC GP II, L.L.C. BLUM STRATEGIC PARTNERS II, L.P.
By: Blum Strategic GP II, L.L.C.,
its General Partner
By: /s/ Gwen G. Reinke By: /s/ Gwen G. Reinke
------------------------------- ----------------------------------
Gwen G. Reinke Gwen G. Reinke
Member Member