UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934*
(Amendment No. 4)
Deluxe Corporation
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(Name of Issuer)
Common Stock, par value $1.00 per share
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(Title of Class of Securities)
248019-10-1
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(CUSIP Number)
December 31, 2002
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(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)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* 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 the
disclosures provided in a prior cover page.
The information required in 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).
Person Authorized to Receive Notices and Communications:
Janice V. Sharry, Esq.
Haynes and Boone, LLP
901 Main Street, Suite 3100
Dallas, Texas 75202
(214) 651-5562
SCHEDULE 13G
CUSIP No. -- 248019-10-1 Page 2 of 9 Pages
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
ESL Partners, L.P., a Delaware limited partnership
22-2875193
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
5 SOLE VOTING POWER
NUMBER OF
SHARES 3,171,845
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON
WITH 7 SOLE DISPOSITIVE POWER
3,171,845
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,215,070
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.5%
12 TYPE OF REPORTING PERSON
PN
CUSIP No. - 248019101 Page 3 of 9 Pages
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
ESL Limited, a Bermuda corporation
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Bermuda
5 SOLE VOTING POWER
NUMBER OF 876,946
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING
PERSON 7 SOLE DISPOSITIVE POWER
WITH
876,946
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,215,070
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.5%
12 TYPE OF REPORTING PERSON
CO
CUSIP No. - 248019101 Page 4 of 9 Pages
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
ESL Institutional Partners, L.P., a Delaware limited partnership
06-1456821
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
5 SOLE VOTING POWER
NUMBER OF
SHARES 141,326
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON 7 SOLE DISPOSITIVE POWER
141,326
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,215,070
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.5%
12 TYPE OF REPORTING PERSON
PN
CUSIP No. - 248019101 Page 5 of 9 Pages
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
ESL Investors, L.L.C.
13-4095958
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OR ORGANIZATION
Delaware
5 SOLE VOTING POWER
NUMBER OF
SHARES 1,024,953
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 0
PERSON
WITH 7 SOLE DISPOSITIVE POWER
1,024,953
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,215,070
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES [ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.5%
12 TYPE OF REPORTING PERSON
OO
Page 6 of 9 Pages
Item 1(a) Name of Issuer:
Deluxe Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
3680 Victoria Street North
St. Paul, Minnesota 55126-1966
Item 2(a) Names of Persons Filing:
ESL Partners, L.P.
ESL Limited
ESL Institutional Partners, L.P.
ESL Investors, L.L.C.
Item 2(b) Addresses of Principal Business Offices:
ESL Partners, L.P., ESL Institutional Partners, L.P., and ESL
Investors, L.L.C.:
One Lafayette Place
Greenwich, CT 06830
ESL Limited
Hemisphere House
9 Church Street
Hamilton, Bermuda
Item 2(c) Citizenship:
ESL Partners, L.P. -- Delaware
ESL Limited -- Bermuda
ESL Institutional Partners, L.P. -- Delaware
ESL Investors, L.L.C. -- Delaware
Item 2(d) Title of Class of Securities:
Common Stock, par value $1.00 per share
Item 2(e) CUSIP Number:
248019-10-1
Page 7 of 9 Pages
Item 3 Status of Persons Filing:
(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 Section
240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in
accordance with Section 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in
accordance with Section 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings association 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) [ ] Group, in accordance with Section
240.13d-1(b)(1)(ii)(J).
Item 4 Ownership:
(a) Amount Beneficially Owned: 5,215,070 shares of Common
Stock, par value $1.00 per share.
This statement is filed on behalf of a group consisting
of ESL Partners, L.P., a Delaware limited partnership
("ESL"), ESL Limited, a Bermuda corporation
("Limited"), ESL Institutional Partners, L.P., a
Delaware limited partnership ("Institutional"), and ESL
Investors, L.L.C., a Delaware limited liability company
("Investors") sometimes referred to collectively as the
"ESL Reporting Group." The general partner of ESL is
RBS Partners, L.P. (the "General Partner"). The general
partner of the General Partner of ESL is ESL
Investments, Inc., a Delaware corporation. ESL
Investment Management, LLC, a Delaware limited
liability company ("ESLIM"), is the investment manager
of Limited. RBS Investment Management, LLC, a Delaware
limited liability company ("RBSIM") is the general
partner of Institutional. RBS Partners, L.P. is the
manager of Investors. In the aforementioned capacities,
ESL, Limited, Institutional, and Investors each may be
deemed to be the beneficial owner of the shares of
Deluxe Corporation common stock beneficially owned by
the other members of the group.
As of December 31, 2002: (i) ESL was the record owner
of 3,171,845 shares of common stock of Deluxe
Corporation; (ii) Limited was the record owner of
876,946 shares of common stock of Deluxe Corporation;
(iii) Institutional was the record owner of 141,326
shares of common stock of Deluxe Corporation; and (iv)
Investors was the record owner of 1,024,953 shares of
common stock of Deluxe Corporation.
(b) Percent of Class: 8.5%.
Page 8 of 9 Pages
(c) Number of shares as to which each person has:
(i) sole power to vote or to direct the vote:
See Item 5 of each cover page.
(ii) shared power to vote or to direct the vote: 0.
(iii)sole power to dispose or to direct the disposition
of:
See Item 7 of each cover page.
(iv) shared power to dispose or to direct the
disposition of: 0.
Item 5 Ownership of 5% or Less of a Class:
Not applicable.
Item 6 Ownership of More than 5% on Behalf of Another Person:
Not applicable.
Item 7 Identification and Classification of the Subsidiary which
Acquired the Security Being Reported on By the Parent Holding
Company:
Not applicable.
Item 8 Identification and Classification of Members of the Group:
See Item 4(a).
Item 9 Notice of Dissolution of Group:
Not applicable.
Item 10 Certification:
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.
Page 9 of 9 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: February 14, 2003
ESL PARTNERS, L.P.
By: RBS Partners, L.P., its general partner
By: ESL Investments, Inc., its general partner
By: /s/William C. Crowley
-------------------------------------
William C. Crowley
President and Chief Operating Officer
ESL LIMITED
By: ESL Investment Management, LLC,
its investment manager
By: /s/William C. Crowley
-------------------------------------
William C. Crowley
Member
ESL INSTITUTIONAL PARTNERS, L.P.
By: RBS Investment Management, LLC,
its general partner
By: /s/William C. Crowley
-------------------------------------
William C. Crowley
Member
ESL INVESTORS, L.L.C.
By: RBS Partners, L.P., its manager
By: ESL Investments, Inc., its general partner
By: /s/William C. Crowley
-------------------------------------
William C. Crowley
President and Chief Operating Officer
INDEX TO EXHIBITS
Exhibit 1 Joint Filing Agreement, dated as of September 18, 2000, entered
into by and among ESL Partners, L.P., ESL Limited, ESL
Institutional Partners, L.P., and ESL Investors, L.L.C.
(incorporated herein by reference to Exhibit 1 to Amendment No. 1
to Schedule 13G filed September 18, 2000).