UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
§ 240.13d-2(a)
(Amendment No. 4)1
Quorum Health Corporation
(Name of Issuer)
Common Stock, par value $0.0001
(Title of Class of Securities)
74909E106
(CUSIP Number)
STEVE WOLOSKY, ESQ.
OLSHAN FROME WOLOSKY LLP
1325 Avenue of the Americas
New York, New York 10019
(212) 451-2300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 7, 2020
(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 §§ 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 § 240.13d-7 for other parties to whom copies are to be sent.
1 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).
| | | | | | | | | | | | | | | | | | | |
| 1 | | NAME OF REPORTING PERSON | |
| | | | |
| | | | Mudrick Distressed Opportunity Drawdown Fund II, L.P. | |
| 2 | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ |
| | | | (b) ☒ |
| | | | | |
| 3 | | SEC USE ONLY | | |
| | | | | |
| | | | | | |
| 4 | | SOURCE OF FUNDS | |
| | | | |
| | | | WC | |
| 5 | | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ |
| | | | |
| | | | | |
| 6 | | CITIZENSHIP OR PLACE OF ORGANIZATION | |
| | | | |
| | | | DELAWARE | |
NUMBER OF | | 7 | | SOLE VOTING POWER | |
SHARES | | | | | |
BENEFICIALLY | | | | | - 0 - | |
OWNED BY | | 8 | | SHARED VOTING POWER | |
EACH | | | | | |
REPORTING | | | | | - 0 - | |
PERSON WITH | | 9 | | SOLE DISPOSITIVE POWER | |
| | | | | |
| | | | | - 0 - | |
| | 10 | | SHARED DISPOSITIVE POWER | |
| | | | | |
| | | | | - 0 - | |
| 11 | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
| | | | |
| | | | - 0 - | |
| 12 | | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ |
| | | | |
| | | | | |
| 13 | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | |
| | | | |
| | | | 0% | |
| 14 | | TYPE OF REPORTING PERSON | |
| | | | |
| | | | PN | |
| | | | | | | | | | | | | | | | | | | |
| 1 | | NAME OF REPORTING PERSON | |
| | | | |
| | | | Mudrick Distressed Opportunity Fund Global, L.P. | |
| 2 | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ |
| | | | (b) ☒ |
| | | | | |
| 3 | | SEC USE ONLY | | |
| | | | | |
| | | | | | |
| 4 | | SOURCE OF FUNDS | |
| | | | |
| | | | WC | |
| 5 | | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ |
| | | | |
| | | | | |
| 6 | | CITIZENSHIP OR PLACE OF ORGANIZATION | |
| | | | |
| | | | CAYMAN ISLANDS | |
NUMBER OF | | 7 | | SOLE VOTING POWER | |
SHARES | | | | | |
BENEFICIALLY | | | | | - 0 - | |
OWNED BY | | 8 | | SHARED VOTING POWER | |
EACH | | | | | |
REPORTING | | | | | - 0 - | |
PERSON WITH | | 9 | | SOLE DISPOSITIVE POWER | |
| | | | | |
| | | | | - 0 - | |
| | 10 | | SHARED DISPOSITIVE POWER | |
| | | | | |
| | | | | - 0 - | |
| 11 | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
| | | | |
| | | | - 0 - | |
| 12 | | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ |
| | | | |
| | | | | |
| 13 | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | |
| | | | |
| | | | 0% | |
| 14 | | TYPE OF REPORTING PERSON | |
| | | | |
| | | | PN | |
| | | | | | | | | | | | | | | | | | | |
| 1 | | NAME OF REPORTING PERSON | |
| | | | |
| | | | Mudrick GP, LLC | |
| 2 | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ |
| | | | (b) ☒ |
| | | | | |
| 3 | | SEC USE ONLY | | |
| | | | | |
| | | | | | |
| 4 | | SOURCE OF FUNDS | |
| | | | |
| | | | AF | |
| 5 | | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ |
| | | | |
| | | | | |
| 6 | | CITIZENSHIP OR PLACE OF ORGANIZATION | |
| | | | |
| | | | DELAWARE | |
NUMBER OF | | 7 | | SOLE VOTING POWER | |
SHARES | | | | | |
BENEFICIALLY | | | | | - 0 - | |
OWNED BY | | 8 | | SHARED VOTING POWER | |
EACH | | | | | |
REPORTING | | | | | - 0 - | |
PERSON WITH | | 9 | | SOLE DISPOSITIVE POWER | |
| | | | | |
| | | | | - 0 - | |
| | 10 | | SHARED DISPOSITIVE POWER | |
| | | | | |
| | | | | - 0 - | |
| 11 | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
| | | | |
| | | | - 0 - | |
| 12 | | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ |
| | | | |
| | | | | |
| 13 | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | |
| | | | |
| | | | 0% | |
| 14 | | TYPE OF REPORTING PERSON | |
| | | | |
| | | | OO | |
| | | | | | | | | | | | | | | | | | | |
| 1 | | NAME OF REPORTING PERSON | |
| | | | |
| | | | Mudrick Distressed Opportunity Drawdown Fund II GP, LLC | |
| 2 | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ |
| | | | (b) ☒ |
| | | | | |
| 3 | | SEC USE ONLY | | |
| | | | | |
| | | | | | |
| 4 | | SOURCE OF FUNDS | |
| | | | |
| | | | AF | |
| 5 | | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ |
| | | | |
| | | | | |
| 6 | | CITIZENSHIP OR PLACE OF ORGANIZATION | |
| | | | |
| | | | DELAWARE | |
NUMBER OF | | 7 | | SOLE VOTING POWER | |
SHARES | | | | | |
BENEFICIALLY | | | | | - 0 - | |
OWNED BY | | 8 | | SHARED VOTING POWER | |
EACH | | | | | |
REPORTING | | | | | - 0 - | |
PERSON WITH | | 9 | | SOLE DISPOSITIVE POWER | |
| | | | | |
| | | | | - 0 - | |
| | 10 | | SHARED DISPOSITIVE POWER | |
| | | | | |
| | | | | - 0 - | |
| 11 | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
| | | | |
| | | | - 0 - | |
| 12 | | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ |
| | | | |
| | | | | |
| 13 | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | |
| | | | |
| | | | 0% | |
| 14 | | TYPE OF REPORTING PERSON | |
| | | | |
| | | | OO | |
| | | | | | | | | | | | | | | | | | | |
| 1 | | NAME OF REPORTING PERSON | |
| | | | |
| | | | Mudrick Capital Management, L.P. | |
| 2 | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ |
| | | | (b) ☒ |
| | | | | |
| 3 | | SEC USE ONLY | | |
| | | | | |
| | | | | | |
| 4 | | SOURCE OF FUNDS | |
| | | | |
| | | | WC | |
| 5 | | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ |
| | | | |
| | | | | |
| 6 | | CITIZENSHIP OR PLACE OF ORGANIZATION | |
| | | | |
| | | | DELAWARE | |
NUMBER OF | | 7 | | SOLE VOTING POWER | |
SHARES | | | | | |
BENEFICIALLY | | | | | - 0 - | |
OWNED BY | | 8 | | SHARED VOTING POWER | |
EACH | | | | | |
REPORTING | | | | | - 0 - | |
PERSON WITH | | 9 | | SOLE DISPOSITIVE POWER | |
| | | | | |
| | | | | - 0 - | |
| | 10 | | SHARED DISPOSITIVE POWER | |
| | | | | |
| | | | | - 0 - | |
| 11 | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
| | | | |
| | | | - 0 - | |
| 12 | | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ |
| | | | |
| | | | | |
| 13 | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | |
| | | | |
| | | | 0% | |
| 14 | | TYPE OF REPORTING PERSON | |
| | | | |
| | | | IA | |
| | | | | | | | | | | | | | | | | | | |
| 1 | | NAME OF REPORTING PERSON | |
| | | | |
| | | | Mudrick Capital Management, LLC | |
| 2 | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ |
| | | | (b) ☒ |
| | | | | |
| 3 | | SEC USE ONLY | | |
| | | | | |
| | | | | | |
| 4 | | SOURCE OF FUNDS | |
| | | | |
| | | | AF | |
| 5 | | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ |
| | | | |
| | | | | |
| 6 | | CITIZENSHIP OR PLACE OF ORGANIZATION | |
| | | | |
| | | | DELAWARE | |
NUMBER OF | | 7 | | SOLE VOTING POWER | |
SHARES | | | | | |
BENEFICIALLY | | | | | - 0 - | |
OWNED BY | | 8 | | SHARED VOTING POWER | |
EACH | | | | | |
REPORTING | | | | | - 0 - | |
PERSON WITH | | 9 | | SOLE DISPOSITIVE POWER | |
| | | | | |
| | | | | - 0 - | |
| | 10 | | SHARED DISPOSITIVE POWER | |
| | | | | |
| | | | | - 0 - | |
| 11 | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
| | | | |
| | | | - 0 - | |
| 12 | | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ |
| | | | |
| | | | | |
| 13 | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | |
| | | | |
| | | | 0% | |
| 14 | | TYPE OF REPORTING PERSON | |
| | | | |
| | | | OO | |
| | | | | | | | | | | | | | | | | | | |
| 1 | | NAME OF REPORTING PERSON | |
| | | | |
| | | | Jason Mudrick | |
| 2 | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☐ |
| | | | (b) ☒ |
| | | | | |
| 3 | | SEC USE ONLY | | |
| | | | | |
| | | | | | |
| 4 | | SOURCE OF FUNDS | |
| | | | |
| | | | AF | |
| 5 | | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ☐ |
| | | | |
| | | | | |
| 6 | | CITIZENSHIP OR PLACE OF ORGANIZATION | |
| | | | |
| | | | United States of America | |
NUMBER OF | | 7 | | SOLE VOTING POWER | |
SHARES | | | | | |
BENEFICIALLY | | | | | - 0 - | |
OWNED BY | | 8 | | SHARED VOTING POWER | |
EACH | | | | | |
REPORTING | | | | | - 0 - | |
PERSON WITH | | 9 | | SOLE DISPOSITIVE POWER | |
| | | | | |
| | | | | - 0 - | |
| | 10 | | SHARED DISPOSITIVE POWER | |
| | | | | |
| | | | | - 0 - | |
| 11 | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
| | | | |
| | | | - 0 - | |
| 12 | | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ |
| | | | |
| | | | | |
| 13 | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | |
| | | | |
| | | | 0% | |
| 14 | | TYPE OF REPORTING PERSON | |
| | | | |
| | | | IN | |
The following constitutes Amendment No. 4 to the Schedule 13D filed by the undersigned (“Amendment No. 4”). This Amendment No. 4 amends the Schedule 13D as specifically set forth herein.
| Item 4. | Purpose of Transaction. |
Item 4 is hereby amended to add the following:
On April 7, 2020, the Issuer filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code with the Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) to implement the financial restructuring of the Issuer. On June 30, 2020, the Bankruptcy Court entered an order confirming the Issuer’s Joint Prepackaged Chapter 11 Plan of Reorganization (the “Plan”). On July 7, 2020, the Plan became effective and, as a result, all Shares of the Issuer, including the Common Stock beneficially owned by the Reporting Persons, were cancelled without consideration. The foregoing description of the Plan does not purport to be complete and is qualified in its entirety by reference to the full text of the Plan, filed as Exhibit 2.1 to the Issuer’s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 7, 2020.
| Item 5. | Interest in Securities of the Issuer. |
Item 5 is hereby amended and restated to read as follows:
| (a) - (b) | As of the close of business on July 7, 2020, the Reporting Persons do not beneficially own any Shares of the Issuer, representing an aggregate percentage of 0%. |
| (c) | The Reporting Persons have not entered into any transactions in the Shares during the past 60 days. |
| (d) | No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares. |
| (e) | The Reporting Persons ceased to be the beneficial owner of 5% or more of the Shares of the Issuer on July 7, 2020. |
SIGNATURES
After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: July 10, 2020.
| MUDRICK DISTRESSED OPPORTUNITY DRAWDOWN FUND II, L.P. |
| | |
| By: | Mudrick Distressed Opportunity Drawdown Fund II GP, LLC, its general partner |
| |
| By: | /s/ Jason Mudrick |
| | Name: | Jason Mudrick |
| | Title: | Sole Member |
| MUDRICK DISTRESSED OPPORTUNITY FUND GLOBAL, L.P. |
| |
| By: | Mudrick GP, LLC, its general partner |
| | |
| By: | /s/ Jason Mudrick |
| | Name: | Jason Mudrick |
| | Title: | Sole Member |
| MUDRICK GP, LLC |
| |
| By: | /s/ Jason Mudrick |
| | Name: | Jason Mudrick |
| | Title: | Sole Member |
| MUDRICK DISTRESSED OPPORTUNITY DRAWDOWN FUND II GP, LLC |
| |
| By: | /s/ Jason Mudrick |
| | Name: | Jason Mudrick |
| | Title: | Sole Member |
| MUDRICK CAPITAL MANAGEMENT, L.P. |
| |
| By: | Mudrick Capital Management, LLC, its general partner |
| |
| By: | /s/ Jason Mudrick |
| | Name: | Jason Mudrick |
| | Title: | Sole Member |
| MUDRICK CAPITAL MANAGEMENT, LLC |
| |
| By: | /s/ Jason Mudrick |
| | Name: | Jason Mudrick |
| | Title: | Sole Member |
| |
| |
| /s/ Jason Mudrick |
| JASON MUDRICK |