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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Lear Corporation
(Name of Issuer)
Common Stock, Par Value $.01
(Title of Class of Securities)
521865105
(CUSIP Number)
Marc Weitzen, Esq.
General Counsel
Icahn Associates Corp. & affiliated companies
767 Fifth Avenue, 47th Floor
New York, New York 10153
(212) 702-4388
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
November 9, 2006
(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 Rule 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).
SCHEDULE 13D
Item 1. Security and Issuer
The Schedule 13D filed with the Securities and Exchange Commission on
October 17, 2006 (the "Initial 13D"), by the Reporting Persons with respect to
the shares of Common Stock, $.01 par value (the "Shares"), issued by Lear
Corporation (the "Issuer"), is hereby amended to furnish the additional
information set forth herein. All capitalized terms contained herein but not
otherwise defined shall have the meanings ascribed to such terms in the Initial
13D.
Item 4. Purpose of Transaction
Item 4 of the Initial 13D is hereby amended by the addition of the following:
On November 7, 2006, the Reporting Persons received telephonic notice from
the Federal Trade Commission of the early termination of the waiting period
under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended,
relating to the proposed purchase of Shares by the Reporting Persons. The
Transaction closed, and Vincent J. Intrieri, a principal of the Reporting
Persons, joined the Issuer's board of directors, on November 9, 2006. In
connection with the foregoing, Mr. Intrieri entered into an agreement with the
Issuer, a copy of which is filed herewith as Exhibit 1 and incorporated herein
by reference.
Item 6. Contracts, Arrangements, Understandings or Relationship with Respect to
Securities of the Issuer
The information set forth above in Item 4 is incorporated herein by
reference.
Item 7. Material to be Filed as Exhibits
The following documents are being filed as exhibits to this statement and are
incorporated herein by reference:
1. Letter Agreement dated November 9, 2006, between Vincent J. Intrieri and Lear
Corporation.
SIGNATURE
After reasonable inquiry and to the best of each of the undersigned
knowledge and belief, each of the undersigned certifies that the information set
forth in this statement is true, complete and correct.
Dated: November 9, 2006
HIGH RIVER LIMITED PARTNERSHIP
By: Hopper Investments LLC, general partner
By: Barberry Corp., sole member
By: /s/ Edward Mattner
------------------
Name: Edward Mattner
Title: Authorized Signatory
HOPPER INVESTMENTS LLC
By: Barberry Corp., sole member
By: /s/ Edward Mattner
------------------
Name: Edward Mattner
Title: Authorized Signatory
KOALA HOLDING LLC
By: /s/ Edward Mattner
------------------
Name: Edward Mattner
Title: Authorized Signatory
BARBERRY CORP.
By: /s/ Edward Mattner
------------------
Name: Edward Mattner
Title: Authorized Signatory
ICAHN PARTNERS MASTER FUND LP
By: /s/ Edward E. Mattner
---------------------
Name: Edward E. Mattner
Title: Authorized Signatory
ICAHN OFFSHORE LP
By: /s/ Edward E. Mattner
---------------------
Name: Edward E. Mattner
Title: Authorized Signatory
CCI OFFSHORE CORP.
By: /s/ Keith Meister
-----------------
Name: Keith Meister
Title: Vice President
ICAHN PARTNERS LP
By: /s/ Edward E. Mattner
---------------------
Name: Edward E. Mattner
Title: Authorized Signatory
ICAHN ONSHORE LP
By: /s/ Edward E. Mattner
---------------------
Name: Edward E. Mattner
Title: Authorized Signatory
CCI ONSHORE CORP.
By: /s/ Keith Meister
-----------------
Name: Keith Meister
Title: Vice President
/s/ Carl C. Icahn
- -----------------
CARL C. ICAHN
[Signature Page of Amendment No. 1 to Schedule 13D - Lear Corp.]
EXHIBIT 1
November 9, 2006
Lear Corporation
21557 Telegraph Road
Southfield, Michigan 48034
Ladies and Gentlemen:
Reference is made to the Stock Purchase Agreement dated as of October 17,
2006 among Lear Corporation (the "Company"), Icahn Partners LP, Icahn Partners
Master Fund LP and Koala Holding LLC (the "Stock Purchase Agreement").
Capitalized terms used but not defined herein shall have the meanings assigned
to them in the Stock Purchase Agreement.
The undersigned hereby agrees that, in the event the Buyers and their
affiliates at any time cease to collectively Beneficially Own at least 5% of the
Company's outstanding shares of Common Stock (including as Beneficially Owned,
for purposes of this letter, the Exposure Shares), he will tender his
resignation as a director of the Company no later than the Company's next annual
meeting of shareholders.
/s/ Vincent Intrieri
--------------------
Vincent Intrieri