SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(RULE 13D-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE
13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
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HEIDRICK & STRUGGLES INTERNATIONAL, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
422819102
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(CUSIP NUMBER)
Eminence Capital, LLC
200 Park Avenue
Suite 3300
New York, New York 10166
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
- with copies to -
Michael G. Tannenbaum, Esq.
Tannenbaum Helpern Syracuse & Hirschtritt LLP
900 Third Avenue - 13th Floor
New York, New York 10022
(212) 508-6700
November 11, 2002
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(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g) check the following box
[ ]
(Page 1 of 6 Pages)
CUSIP No. 422819102 13D Page 2 of 6
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Eminence Capital, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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7 SOLE VOTING POWER
NUMBER OF
2,050,000 shares
SHARES -----------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0 shares
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING
2,050,000 shares
PERSON -----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
0 shares
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,050,000 shares
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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)
11.29% of Common Stock
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14 TYPE OF REPORTING PERSON
OO
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(Page 2 of 6 Pages)
CUSIP No. 422819102 SCHEDULE 13D
ITEM 1. SECURITY AND ISSUER.
Security: Common Stock
Issuer: Heidrick & Struggles International, Inc.
233 South Wacker Drive - Suite 4200
Chicago, IL 60606-6303
ITEM 2. IDENTITY AND BACKGROUND.
(a) Eminence Capital, LLC ("Eminence")
(b) 200 Park Avenue, Suite 3300, New York, New York 10166
(c) Eminence serves as an investment manager to domestic and off-shore
investment vehicles.
(d) - (e) During the last five years, neither Eminence nor any of its
principals, to the best of their knowledge, have been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors), or has been a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which any of the foregoing 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.
(f) New York
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
All of the shares of the Issuer were acquired through working capital
of the investment vehicles managed by Eminence.
ITEM 4. PURPOSE OF TRANSACTION
Eminence intends to evaluate the business and business prospects of the
Issuer and its present and future interest in, and intentions with respect to,
the Issuer, and in connection therewith may from time to time consult with
management and other shareholders of the Issuer.
Other than as described above, Eminence does not have any plans or
proposals which would result in any of the following:
a. the acquisition by any person of additional securities of the
Issuer, or the disposition of securities of the Issuer;
(Page 3 of 6 Pages)
b. an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries;
c. a sale or transfer of a material amount of assets of the Issuer or
any of its subsidiaries;
d. any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number or term
of directors or to fill any vacancies on the board;
e. any material change in the present capitalization or dividend policy
of the Issuer;
f. any other material change in the Issuer's business or corporate
structure;
g. changes in the Issuer's charter, by-laws or instruments
corresponding thereto or other actions which may impede the acquisition
of control of the Issuer by any person;
h. causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted
in an interdealer quotation system of a registered national securities
association;
i. causing a class of securities of the Issuer to become eligible for
termination of registration pursuant to Section 12(g)(4) of the Act; or
j. any action similar to any of those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) - (b) As the holder of sole voting and investment authority over
the shares owned by its advisory clients, Eminence may be deemed, for purposes
of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, to be the
beneficial owner of the aggregate amount of 2,050,000 shares representing
approximately 11.29% of the outstanding shares of the Issuer (based upon
18,153,578 shares outstanding as of November 7, 2002, as reported on the latest
10-Q of the Issuer). Eminence disclaims any economic interest or beneficial
ownership of the shares covered by this Statement.
(Page 4 of 6 Pages)
(c)
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DATE AMOUNT OF SECURITIES PRICE/SHARE TYPE
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6/14/02 13,400 $18.5744 Open-market purchase
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10/16/02 20,000 $14.6637 Open-market purchase
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11/7/02 50,000 $13.1715 Open-market purchase
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11/7/02 10,000 $13.3136 Open-market purchase
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11/8/02 20,000 $13.0900 Open-market purchase
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11/11/02 75,000 $12.8600 Open-market purchase
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11/11/02 10,000 $12.8840 Open-market purchase
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11/12/02 10,000 $13.3874 Open-market purchase
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11/12/02 45,000 $13.3876 Open-market purchase
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11/13/02 110,000 $13.5362 Open-market purchase
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(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Not applicable.
(Page 5 of 6 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: November 15, 2002
EMINENCE CAPITAL, LLC
By: /s/ Ricky C. Sandler
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Name: Ricky C. Sandler
Title: Managing Member
(Page 6 of 6 Pages)