SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(Amendment No. 5)*
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Barnes & Noble Education, Inc. (Name of Issuer) |
Common Stock, $0.01 par value per share (Title of Class of Securities) |
06777U101 (CUSIP Number) |
03/31/2025 (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) |
Rule 13d-1(d) |
SCHEDULE 13G
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CUSIP No. | 06777U101 |
1 | Names of Reporting Persons
FanzzLids Holdings, LLC | ||||||||
2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
3 | Sec Use Only | ||||||||
4 | Citizenship or Place of Organization
DELAWARE
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Number of Shares Beneficially Owned by Each Reporting Person With: |
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9 | Aggregate Amount Beneficially Owned by Each Reporting Person
1,673,568.00 | ||||||||
10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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11 | Percent of class represented by amount in row (9)
4.9 % | ||||||||
12 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13G
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CUSIP No. | 06777U101 |
1 | Names of Reporting Persons
Fanatics Leader Holdings, LLC | ||||||||
2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
3 | Sec Use Only | ||||||||
4 | Citizenship or Place of Organization
DELAWARE
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Number of Shares Beneficially Owned by Each Reporting Person With: |
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9 | Aggregate Amount Beneficially Owned by Each Reporting Person
1,673,568.00 | ||||||||
10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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11 | Percent of class represented by amount in row (9)
4.9 % | ||||||||
12 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13G
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CUSIP No. | 06777U101 |
1 | Names of Reporting Persons
TopLids LendCo, LLC | ||||||||
2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
3 | Sec Use Only | ||||||||
4 | Citizenship or Place of Organization
DELAWARE
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Number of Shares Beneficially Owned by Each Reporting Person With: |
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9 | Aggregate Amount Beneficially Owned by Each Reporting Person
1,673,568.00 | ||||||||
10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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11 | Percent of class represented by amount in row (9)
4.9 % | ||||||||
12 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13G
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CUSIP No. | 06777U101 |
1 | Names of Reporting Persons
Fanatics Leader Topco, Inc. | ||||||||
2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
3 | Sec Use Only | ||||||||
4 | Citizenship or Place of Organization
DELAWARE
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Number of Shares Beneficially Owned by Each Reporting Person With: |
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9 | Aggregate Amount Beneficially Owned by Each Reporting Person
1,685,107.00 | ||||||||
10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
11 | Percent of class represented by amount in row (9)
4.9 % | ||||||||
12 | Type of Reporting Person (See Instructions)
CO |
SCHEDULE 13G
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CUSIP No. | 06777U101 |
1 | Names of Reporting Persons
Kynetic F, LLC | ||||||||
2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
3 | Sec Use Only | ||||||||
4 | Citizenship or Place of Organization
DELAWARE
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Number of Shares Beneficially Owned by Each Reporting Person With: |
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9 | Aggregate Amount Beneficially Owned by Each Reporting Person
1,685,107.00 | ||||||||
10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
11 | Percent of class represented by amount in row (9)
4.9 % | ||||||||
12 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13G
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CUSIP No. | 06777U101 |
1 | Names of Reporting Persons
Michael G. Rubin | ||||||||
2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
3 | Sec Use Only | ||||||||
4 | Citizenship or Place of Organization
UNITED STATES
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Number of Shares Beneficially Owned by Each Reporting Person With: |
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9 | Aggregate Amount Beneficially Owned by Each Reporting Person
1,685,107.00 | ||||||||
10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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11 | Percent of class represented by amount in row (9)
4.9 % | ||||||||
12 | Type of Reporting Person (See Instructions)
IN, HC |
SCHEDULE 13G
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Item 1. | ||
(a) | Name of issuer:
Barnes & Noble Education, Inc. | |
(b) | Address of issuer's principal executive offices:
120 Mountain View Blvd, Basking Ridge, NJ 07920 | |
Item 2. | ||
(a) | Name of person filing:
1. FanzzLids Holdings, LLC
2. Fanatics Leader Holdings, LLC
3. TopLids LendCo, LLC
4. Fanatics Leader Topco, Inc.
5. Kynetic F, LLC
6. Michael G. Rubin | |
(b) | Address or principal business office or, if none, residence:
For FanzzLids, Leader Holdings, LendCo, and Topco:
95 Morton Street
New York, NY 10014
For KFLLC and Michael G. Rubin:
225 Washington Street, 3rd Floor
Conshohocken, PA 19428
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(c) | Citizenship:
FanzzLids, Leader Holdings, LendCo, Topco, and KFLLC are each companies incorporated or organized under the laws of Delaware. Michael G. Rubin is a citizen of the United States of America. | |
(d) | Title of class of securities:
Common Stock, $0.01 par value per share | |
(e) | CUSIP No.:
06777U101 | |
Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
(a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); | |
(b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); | |
(c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); | |
(d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); | |
(e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); | |
(f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); | |
(g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); | |
(h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); | |
(i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); | |
(j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
(k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). | |
Item 4. | Ownership | |
(a) | Amount beneficially owned:
FanzzLids, Leader Holdings and LendCo: 1,673,568 (1)
Topco, KFLLC and Michael G. Rubin: 1,685,107 (1) | |
(b) | Percent of class:
Each reporting person: 4.9% (2) %
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(c) | Number of shares as to which the person has:
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(i) Sole power to vote or to direct the vote:
Each reporting person: 0 | ||
(ii) Shared power to vote or to direct the vote:
FanzzLids, Leader Holdings and LendCo: 1,673,568 (1)
Topco, KFLLC and Michael G. Rubin: 1,685,107 (1) | ||
(iii) Sole power to dispose or to direct the disposition of:
Each reporting person: 0 | ||
(iv) Shared power to dispose or to direct the disposition of:
FanzzLids, Leader Holdings and LendCo: 1,673,568 (1)
Topco, KFLLC and Michael G. Rubin: 1,685,107 (1)
FN 1: The beneficial ownership of each of the reporting persons reflects the sale of 577,633 shares of the Issuer's Common Stock directly held by LendCo between March 31, 2025 and Effective Date, which caused each reporting person's beneficial ownership interest to fall below 5% of the Issuer's outstanding Common Stock as of the Effective Date. The reported shares directly held by Topco also may be deemed beneficially owned by KFLLC and Mr. Rubin, and the reported shares directly held by LendCo also may be deemed beneficially owned by FanzzLids, Leader Holdings, Topco, KFLLC and Mr. Rubin, in each case, due to their indirect dispositive power and voting power with respect to the reported shares. Each of FanzzLids, Leader Holdings, Topco, KFLLC and Mr. Rubin disclaims beneficial ownership of the reported shares, except to the extent of its or his pecuniary interest in such shares, if any.
FN 2: The aggregate percentage of the Common Stock beneficially owned by each reporting person as of the Effective Date is based on 34,053,847 shares of Common Stock outstanding as of February 28, 2025, as reported on the Form 10-Q.
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Item 5. | Ownership of 5 Percent or Less of a Class. | |
Ownership of 5 percent or less of a class
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Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
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Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See response in Item 4. | ||
Item 8. | Identification and Classification of Members of the Group. | |
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
By virtue of the relationships as described above in Item 4, the reporting persons may be deemed to be a group.
The reporting persons previously filed a Joint Filing Agreement dated June 18, 2024 with respect to this Schedule 13G. | ||
Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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Item 10. | Certifications: |
By signing below I certify that, to the best of my 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, other than activities solely in connection with a nomination under ?? 240.14a-11. |
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.
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