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| OMB APPROVAL |
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|OMB NUMBER: |
UNITED STATES |EXPIRES: |
SECURITIES AND EXCHANGE COMMISSION | DECEMBER 31, 2005 |
Washington, D.C. 20549 |ESTIMATED AVERAGE |
|BURDEN HOURS |
|PER RESPONSE ...11 |
SCHEDULE 13G/A |_____________________|
Under the Securities Exchange Act of 1934
(Amendment No. _____)*
Kirkland's, Inc.
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(Name of Issuer)
Common Stock, Par Value $.01 Per Share
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(Title of Class of Securities)
497498105
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(CUSIP Number)
December 31, 2005
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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:
[X] Rule 13d-1(b)
[ ] 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).
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CUSIP No. 497498105 SCHEDULE 13G
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Vardon Capital, LLC
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) [ ]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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(5) SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 1,825,528
EACH REPORTING -------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
-------------------------------------------
(8) SHARED DISPOSITIVE POWER
1,825,528
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,825,528
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(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)
9.4%
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(12) TYPE OF REPORTING PERSON (See Instructions)
OO
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CUSIP No. 497498105 SCHEDULE 13G
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Vardon Capital Management, 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
------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY 1,825,528
EACH REPORTING -------------------------------------------
PERSON WITH (7) SOLE DISPOSITIVE POWER
0
-------------------------------------------
(8) SHARED DISPOSITIVE POWER
1,825,528
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,825,528
------------------------------------------------------------------------------
(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)
9.4%
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(12) TYPE OF REPORTING PERSON (See Instructions)
IA
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CUSIP No. 497498105 SCHEDULE 13G
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Richard W. Shea, Jr.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions):
(a) [ ]
(b) [ ]
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(3) SEC USE ONLY
------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
------------------------------------------------------------------------------
(5) SOLE VOTING POWER
NUMBER OF 0
SHARES BENEFICIALLY -------------------------------------------
OWNED BY (6) SHARED VOTING POWER
EACH REPORTING 1,825,528
PERSON WITH -------------------------------------------
(7) SOLE DISPOSITIVE POWER
0
-------------------------------------------
(8) SHARED DISPOSITIVE POWER
1,825,528
------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,825,528
------------------------------------------------------------------------------
(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)
9.4%
------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (See Instructions)
IN
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Item 1(a). Name of Issuer:
Kirkland's, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
805 N. Parkway
Jackson, TN 38305
Item 2(a). Name of Persons Filing:
This Schedule 13G is being filed on behalf of the following
persons ("Reporting Persons")*:
(i) Vardon Capital, LLC ("VC")
(ii) Vardon Capital Management, LLC ("VCM")
(iii) Richard W. Shea, Jr. ("Shea")
*Attached as Exhibit 1 is a copy of an agreement among the
Reporting Persons stating (as specified hereinabove) that this
Schedule is being filed on behalf of each of them.
Item 2(b). Address of Principal Business Office or, if None, Residence:
Vardon Capital, LLC
120 West 45th Street
17th Floor
New York, NY 10036
Vardon Capital Management, LLC
120 West 45th Street
17th Floor
New York, NY 10036
Richard W. Shea, Jr.
120 West 45th Street
17th Floor
New York, NY 10036
Item 2(c). Citizenship:
See Item 4 of the attached cover pages
Item 2(d). Title of Class of Securities:
Common Stock, par value $.01 per share
Item 2(e). CUSIP Number:
497498105
Item 3. If This Statement is Filed Pursuant to Sections 240.13d-1(b)
or 240.13d-2(b), 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) [X] 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 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) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J);
Item 4. Ownership.
(a) Amount Beneficially Owned: See Item 9 of the attached cover pages
(b) Percent of Class: See Item 11 of the attached cover pages
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See Item 5 of the attached cover pages
(ii) Shared power to vote or to direct the vote:
See Item 6 of the attached cover pages
(iii) Sole power to dispose or to direct the disposition of:
See Item 7 of the attached cover pages
(iv) Shared power to dispose or to direct the disposition of:
See Item 8 of the attached cover pages
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following [ ].
Item 5 is not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
VC and VCM, as the general partner and/or investment manager to a
number of private investment funds, and Shea, as the the sole principal of
VC and VCM and as portfolio manager of three separately managed accounts, may
have the right to receive or the power to direct the receipt of dividends
from, or the proceeds from the sale of, securities of the Issuer held in
the name of the private investment funds and separately managed accounts.
None of the private investment funds or managed accounts individually have
greater than 5% beneficial ownership of the Issuer.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company or
Controlling Person.
Item 7 is not applicable.
Item 8. Identification and Classification of Members of the Group.
Item 8 is not applicable.
Item 9. Notice of Dissolution of Group
Item 9 is 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.
SIGNATURE
After reasonable inquiry and to the best of each of the undersigned's
knowledge and belief, the undersigned certify that the information set forth in
this statement is true, complete and correct.
Date: February 14, 2006
Vardon Capital, LLC
By: /s/ Richard W. Shea, Jr.
---------------------------------
Name: Richard W. Shea, Jr.
Title: Managing Member
Vardon Capital Management, LLC
By: /s/ Richard W. Shea, Jr.
---------------------------------
Name: Richard W. Shea, Jr.
Title: Managing Member
Richard W. Shea, Jr.
/s/ Richard W. Shea, Jr.
---------------------------------
EXHIBIT 1
The undersigned, Vardon Capital, LLC, a Delaware limited liability
company, Vardon Capital Management, LLC, a Delaware limited liability company
registered as an investment advisor under Section 203 of the U.S. Investment
Advisors Act of 1940, as amended, and Richard W. Shea, Jr., a United States
citizen, hereby agree and acknowledge that the Statement on Schedule 13G to
which this agreement is attached as an exhibit is filed on behalf of each of
them. The undersigned further agrees that any amendments or supplements
thereto also shall be filed on behalf of each of them.
This agreement may be executed in one or more counterparts, each of which
will constitute one and the same agreement.
Dated: February 14, 2006
Vardon Capital, LLC
By: /s/ Richard W. Shea, Jr.
---------------------------------
Name: Richard W. Shea, Jr.
Title: Managing Member
Vardon Capital Management, LLC
By: /s/ Richard W. Shea, Jr.
---------------------------------
Name: Richard W. Shea, Jr.
Title: Managing Member
Richard W. Shea, Jr.
/s/ Richard W. Shea, Jr.
---------------------------------
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