FORM 5
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
[ ] Form 3 Holdings Reported
[ X ] Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

                                                                                  

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Kanen David

2. Issuer Name and Ticker or Trading Symbol

ONE Group Hospitality, Inc. [STKS]

5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      __ X __ Other (specify below)
Passive Investor

(Last)          (First)          (Middle)

5850 CORAL RIDGE DRIVE, SUITE 309

3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY)
12/31/2017 
(Street)

CORAL SPRINGS, FL 33076

(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

2/14/2018 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form Filed by One Reporting Person
_ X _ Form Filed by More than One Reporting Person


Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock   11/21/2017     P4   28020   A $1.9470   2193776   I   Kanen Wealth Management LLC   (1)
Common Stock   11/22/2017     P4   3288   A $2.0000   2197064   I   Kanen Wealth Management LLC   (1)
Common Stock   11/24/2017     P4   6702   A $2.0000   2203766   I   Kanen Wealth Management LLC   (1)
Common Stock   11/28/2017     P4   2200   A $2.0500   2205966   I   Kanen Wealth Management LLC   (1)
Common Stock   11/29/2017     P4   40100   A $2.1000   2246066   I   Kanen Wealth Management LLC   (1)
Common Stock   11/30/2017     P4   17000   A $2.2215   2263066   I   Kanen Wealth Management LLC   (1)
Common Stock   12/1/2017     P4   1100   A $2.2300   2264166   I   Kanen Wealth Management LLC   (1)
Common Stock   12/15/2017     P4   20475   A $2.1493   2284641   I   Kanen Wealth Management LLC   (1)
Common Stock   12/21/2017     P4   4533   A $2.1985   2289174   I   Kanen Wealth Management LLC   (1)
Common Stock   12/22/2017     P4   22099   A $2.1981   2311273   I   Kanen Wealth Management LLC   (1)
Common Stock   12/27/2017     P4   227724   A $2.2197   2538997   I   Kanen Wealth Management LLC   (1)
Common Stock   12/28/2017     P4   150000   A $2.2262   2688997   I   Kanen Wealth Management LLC   (1)
Common Stock   12/29/2017     P4   35000   A $2.39   1845000   (2) I   The Philotimo Fund LLC  
Common Stock                 18921   (2) D    

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YYYY)
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants   $1.63   11/22/2017     J   (2) (3) 125000       5/15/2018   5/15/2023   Common Stock   125000     (3) 125000   I   The Philotimo Fund LLC  

Explanation of Responses:
(1)  The Form 3 filed by Kanen Wealth Management LLC ("KWM"), Mr. Kanen and The Philotimo Fund LLC on November 20, 2017, indicates that KWM does not own any shares of the Issuer since KWM does not have a pecuniary interest in the shares of Common Stock held in customer accounts managed by KWM. To align the Section 16 filings with the Schedule 13D, as amended, filed by KWM and Mr. Kanen, Item 6 of Table 1 above has been revised to reflect KWM's beneficial ownership of the Company's Common Stock as reported in the Schedule 13D, excluding the shares owned by The Philotimo Fund LLC, which are reported separately in Item 6, of Table 1 above.
(2)  Mr. Kanen beneficially owns 4,553,997 shares of Common Stock, which represent approximately 16.6% of the Company's outstanding shares of Common Stock. Mr. Kanen, as the managing member of KWM, may be deemed to beneficially own the 2,688,997 shares of Common Stock held in customer accounts managed by KWM (including the 18,921 shares held in Mr. Kanen's account) and the 1,845,000 shares of Common Stock and the 125,000 warrants held by The Philotimo Fund LLC, of which KWM is the general partner. Mr. Kanen expressly disclaims such beneficial ownership except to the extent of his pecuniary interest therein. Mr. Kanen does not have a pecuniary interest in the shares of Common Stock held in customer accounts managed by KWM other than the shares held in Mr. Kanen's account.
(3)  The warrants were received in connection with a private purchase of shares of the Issuer.

Remarks:
This amendment to Form 5 is being filed to include the 125,000 warrants held by The Philotimo Fund LLC.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Kanen David
5850 CORAL RIDGE DRIVE, SUITE 309
CORAL SPRINGS, FL 33076

X
Passive Investor
Kanen Wealth Management LLC
10141 SWEET BAY COURT
PARKLAND, FL 33076

X
Passive Investor
Philotimo Fund, LP
5850 CORAL RIDGE DRIVE, SUITE 309
CORAL SPRINGS, FL 33076

X
Passive Investor

Signatures
/s/ David L. Kanen 3/14/2018
** Signature of Reporting Person Date

/s/ Kanen Wealth Management LLC By: David L. Kanen, Managing Member 3/14/2018
** Signature of Reporting Person Date

/s/ The Philotimo Fund By: David L. Kanen 3/14/2018
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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