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Coliseum Capital Management, LLC, et al. – ‘SC 13D/A’ on 3/31/20 re: Capital Senior Living Corp

On:  Tuesday, 3/31/20, at 4:42pm ET   ·   Accession #:  1193125-20-92879   ·   File #:  5-53101

Previous ‘SC 13D’:  ‘SC 13D/A’ on 3/25/20   ·   Next:  ‘SC 13D/A’ on 5/8/20   ·   Latest:  ‘SC 13D/A’ on 4/12/24

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/31/20  Coliseum Capital Management, LLC  SC 13D/A               1:154K Capital Senior Living Corp        Donnelley … Solutions/FA
          Adam Gray
          Christopher Shackelton
          Coliseum Capital Partners, L.P.
          Coliseum Capital, LLC

Amendment to Statement of Acquisition of Beneficial Ownership by a Non-Passive Investor   —   Sch. 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Amendment to Statement of Acquisition of            HTML     67K 
                Beneficial Ownership by a Non-Passive Investor                   


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  SC 13D/A  

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

 

 

 

CAPITAL SENIOR LIVING CORPORATION

(Name of Issuer)

 

Common Stock, par value $0.01 per share

(Title of Class of Securities)

 

140475104

(CUSIP Number)

 

Christopher Shackelton/Adam Gray
105 Rowayton Avenue

Rowayton, CT 06853

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

March 26, 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. o

 

* 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).

 
 
CUSIP No. 140475104 13D/A No. 1 Page 2 of 9

 

1.  

Names of reporting persons.

 

Coliseum Capital Management, LLC

2.  

Check the appropriate box if a member of a group (see instructions)

(a) o     (b) x

 

3.  

SEC use only

 

4.  

Source of funds (see instructions)

 

AF

5.  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

o

6.  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

  7.  

Sole voting power

 

0

  8.  

Shared voting power

 

1,344,595

  9.  

Sole dispositive power

 

0

  10.  

Shared dispositive power

 

1,344,595

11.  

Aggregate amount beneficially owned by each reporting person

 

1,344,595

12.  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

o

13.  

Percent of class represented by amount in Row (11)

 

4.3%

14.  

Type of reporting person (see instructions)

 

IA

                     

 
 
CUSIP No. 140475104 13D/A No. 1 Page 3 of 9

 

1.  

Names of reporting persons.

 

Coliseum Capital, LLC

2.  

Check the appropriate box if a member of a group (see instructions)

(a) o     (b) x

 

3.  

SEC use only

 

4.  

Source of funds (see instructions)

 

AF

5.  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

o

6.  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

  7.  

Sole voting power

 

0

  8.  

Shared voting power

 

959,357

  9.  

Sole dispositive power

 

0

  10.  

Shared dispositive power

 

959,357

11.  

Aggregate amount beneficially owned by each reporting person

 

959,357

12.  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

o

13.  

Percent of class represented by amount in Row (11)

 

3.0%

14.  

Type of reporting person (see instructions)

 

OO

                     

 
 
CUSIP No. 140475104 13D/A No. 1 Page 4 of 9

 

1.  

Names of reporting persons.

 

Coliseum Capital Partners, L.P.

2.  

Check the appropriate box if a member of a group (see instructions)

(a) o     (b) x

 

3.  

SEC use only

 

4.  

Source of funds (see instructions)

 

WC

5.  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

o

6.  

Citizenship or place of organization

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

 

  7.  

Sole voting power

 

0

  8.  

Shared voting power

 

959,357

  9.  

Sole dispositive power

 

0

  10.  

Shared dispositive power

 

959,357

11.  

Aggregate amount beneficially owned by each reporting person

 

959,357

12.  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

o

13.  

Percent of class represented by amount in Row (11)

 

3.0%

14.  

Type of reporting person (see instructions)

 

PN

                     

 
 
CUSIP No. 140475104 13D/A No. 1 Page 5 of 9

 

1.  

Names of reporting persons.

 

Adam Gray

2.  

Check the appropriate box if a member of a group (see instructions)

(a) o     (b) x

 

3.  

SEC use only

 

4.  

Source of funds (see instructions)

 

AF

5.  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

o

6.  

Citizenship or place of organization

 

United States

Number of

shares

beneficially

owned by

each

reporting

person

with

 

  7.  

Sole voting power

 

0

  8.  

Shared voting power

 

1,344,595

  9.  

Sole dispositive power

 

0

  10.  

Shared dispositive power

 

1,344,595

11.  

Aggregate amount beneficially owned by each reporting person

 

1,344,595

12.  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

o

13.  

Percent of class represented by amount in Row (11)

 

4.3%

14.  

Type of reporting person (see instructions)

 

IN

                     

 
 
CUSIP No. 140475104 13D/A No. 1 Page 6 of 9

 

1.  

Names of reporting persons.

 

Christopher Shackelton

2.  

Check the appropriate box if a member of a group (see instructions)

(a) o     (b) x

 

3.  

SEC use only

 

4.  

Source of funds (see instructions)

 

AF

5.  

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

 

o

6.  

Citizenship or place of organization

 

United States

Number of

shares

beneficially

owned by

each

reporting

person

with

 

  7.  

Sole voting power

 

0

  8.  

Shared voting power

 

1,344,595

  9.  

Sole dispositive power

 

0

  10.  

Shared dispositive power

 

1,344,595

11.  

Aggregate amount beneficially owned by each reporting person

 

1,344,595

12.  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

o

13.  

Percent of class represented by amount in Row (11)

 

4.3%

14.  

Type of reporting person (see instructions)

 

IN

                     

 
 
CUSIP No. 140475104 13D/A No. 1 Page 7 of 9

 

Explanatory Note: This Amendment No. 1 (this “Amendment”) to the Schedule 13D (the “Initial 13D”) relating to the common stock, par value $0.01 per share (the “Common Stock”), of Capital Senior Living Corporation (the “Issuer”), filed by the Reporting Persons with the Securities and Exchange Commission on December 28, 2018, amends and supplements certain of the items set forth therein.

 

This Amendment amends Item 5 as set forth below. As set forth below, as a result of the transactions described herein, on March 26, 2020, each of the Reporting Persons ceased to be the beneficial owner of more than five percent of the Common Stock. The filing of this Amendment represents the final amendment to the Initial 13D and constitutes an exit filing for the Reporting Persons.

 

As used in this Amendment, the term “Reporting Persons” collectively refers to:

· Coliseum Capital Management, LLC, a Delaware limited liability company (“CCM”);
· Coliseum Capital, LLC, a Delaware limited liability company (“CC”);
· Coliseum Capital Partners, L.P., a Delaware limited partnership (“CCP”);
· Adam Gray (“Gray”); and
· Christopher Shackelton (“Shackelton”).

 

Item 5. Interest in Securities of the Issuer.

Item 5 is hereby amended and supplemented as follows:

(a) – (b) The information relating to the beneficial ownership of Common Stock by each of the Reporting Persons set forth in Rows 7 through 13 of the cover pages hereto is incorporated by reference herein. The percentages set forth in Row 13 for all cover pages filed herewith are calculated based upon 31,463,375 shares of Common Stock outstanding as of October 31, 2019, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2019.

(c) The Reporting Persons effected the following transactions in the Common Stock on the dates indicated and such transactions are the only transactions in the Common Stock by the Reporting Persons in the sixty (60) days preceding the date of this Amendment, or since the most recent filing of Schedule 13D by the Reporting Persons, whichever is less.

 

Name     Purchase or Sale       Date     Number of
Shares
    Weighted
Average Price
Per Share
    Range of Prices  
CCP     Open Market Sale       3/13/2020       63,600     $ 0.7264       $0.6700 – $0.7499  
Separate Account     Open Market Sale       3/13/2020       20,666     $ 0.7264       $0.6700 – $0.7499  
CCP     Open Market Sale       3/16/2020       678     $ 0.7406       $0.7400 – $0.7450  
Separate Account     Open Market Sale       3/16/2020       222     $ 0.7406       $0.7400 – $0.7450  
CCP     Open Market Sale       3/17/2020       18,144     $ 0.7201       $0.7200 – $0.7214  
Separate Account     Open Market Sale       3/17/2020       5,853     $ 0.7201       $0.7200 – $0.7214  
CCP     Open Market Sale       3/19/2020       13,595     $ 0.6023       $0.6000 – $0.6200  
Separate Account     Open Market Sale       3/19/2020       4,329     $ 0.6023       $0.6000 – $0.6200  
CCP     Open Market Sale       3/20/2020       430     $ 0.6089       $0.6000 – $0.6298  
Separate Account     Open Market Sale       3/20/2020       140     $ 0.6089       $0.6000 – $0.6298  
CCP     Open Market Sale       3/26/2020       75,316     $ 0.6626       $0.6000 – $0.7548  
Separate Account     Open Market Sale       3/26/2020       24,248     $ 0.6626       $0.6000 – $0.7548  
CCP     Open Market Sale       3/27/2020       107,580     $ 0.6160       $0.6000 – $0.6500  
Separate Account     Open Market Sale       3/27/2020       34,913     $ 0.6160       $0.6000 – $0.6500  

 

(d) Except as set forth in Item 6 hereof, no person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock reported herein.
 
 
CUSIP No. 140475104 13D/A No. 1 Page 8 of 9

 

(e) As a result of the transactions described herein, on March 26, 2020, each of the Reporting Persons ceased to be the beneficial owner of more than five percent of the Common Stock. The filing of this Amendment represents the final amendment to the Initial 13D and constitutes an exit filing for the Reporting Persons.

 

The information in Item 6 hereof is incorporated by reference herein.

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

Item 6 is hereby amended and supplemented as follows:

CCM is an investment adviser whose clients, including CCP and the Separate Account, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock. CC is the general partner of CCP. Gray and Shackelton are the managers of CC and CCM.

 
 
CUSIP No. 140475104 13D/A No. 1 Page 9 of 9

 

SIGNATURES

 

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.

         
DATED: March 31, 2020      
         
COLISEUM CAPITAL MANAGEMENT, LLC   CHRISTOPHER SHACKELTON
         
By:  /s/ Chivonne Cassar   By:  /s/ Chivonne Cassar
  Chivonne Cassar, Attorney-in-fact     Chivonne Cassar, Attorney-in-fact
         
COLISEUM CAPITAL, LLC   ADAM GRAY
         
By: /s/ Chivonne Cassar   By: /s/ Chivonne Cassar
  Chivonne Cassar, Attorney-in-fact     Chivonne Cassar, Attorney-in-fact
         
COLISEUM CAPITAL PARTNERS, L.P.      
       
By: Coliseum Capital, LLC, General Partner      
         
By:  /s/ Chivonne Cassar      
  Chivonne Cassar, Attorney-in-fact      
 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘SC 13D/A’ Filing    Date    Other Filings
Filed on:3/31/208-K
3/26/20
11/8/1910-Q
10/31/19
12/28/18SC 13D
 List all Filings 
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