Item 1. Security and Issuer.
The equity securities acquired by the Reporting Person (as defined below in Item 2) are shares of Common Stock, $0.001 par value (Common Stock), of Superior Energy Services, Inc., a Delaware corporation (the Issuer), whose principal executive office is located at 1001 Louisiana Street, Suite 2900, Houston, Texas 77002.
Item 2. Identity and Background.
The entity filing this statement is LJH, Ltd., a Texas limited partnership (the Reporting Person). The Reporting Person is a holding company whose principal executive office is located at 377 Neva Lane, Denison, Texas 75020.
The general partner of the Reporting Person is DLH Management, L.L.C., a Texas limited liability company (the General Partner), having the same principal executive office as the Reporting Person. The members and officers of the General Partner are as listed below.
Name
|
|
Position with General Partner
|
|
|
|
Lacy J. Harber
|
|
President, Manager and Member
|
Dorothy L. Harber
|
|
Vice President, Manager and Member
|
James M. Harber
|
|
Vice President
|
No member, manager or officer of the general partner of the Reporting Person beneficially owns any Common Stock.
Neither the Reporting Person nor any person listed in this Item 2 has during the last five years (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding 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.
All of the officers, managers and members listed in this Item 2 are citizens of the United States of America.
Item 3. Source or Amount of Funds or Other Consideration.
From September 26, 2019 to October 7, 2019, the Reporting Person acquired the Common Stock using personal funds. On October 1, 2019, the Reporting Person acquired sufficient shares of Common Stock so that its total owned and controlled shares of Common Stock exceeded five percent of the issued and outstanding Common Stock of the Issuer, as reported in its most recent quarterly filing with the United States Securities and Exchange Commission.
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Item 4. Purpose of Transaction.
The shares of Common Stock acquired by the Reporting Person have been acquired solely for investment purposes. The Reporting Person has no present plans to acquire any additional shares of Common Stock or dispose of the Common Stock which it currently holds.
Furthermore, the Reporting Person has no plans or proposals to (i) effect an extraordinary transaction with respect to the Issuer or any of its subsidiaries (whether by merger, reorganization or liquidation), (ii) to cause the sale or transfer of a material amount of the assets of the Issuer or any of its subsidiaries, (iii) cause 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 existing vacancies on the board of directors of the Issuer; (iv) cause any material change in the present capitalization or dividend policy of the Issuer, (v) cause any change in the Issuers business or corporate structure, (vi) cause the Common Stock to cease trading on the OTC Markets (on which the Common Stock is currently traded) or any other national security exchange or terminate the registration of any class of equity securities of the Issuer, (vii) effect any change in the charter or bylaws of the Issuer or impede the acquisition of control of the Issuer by any person, or (viii) cause any action to occur similar to those enumerated above.
Item 5. Interest in Securities of the Issuer.
The Reporting Person owns 20,000,000 shares of the Common Stock (the Held Common Stock), which constitutes 12.77% of the total issued and outstanding Common Stock of the Issuer. The Reporting Person possesses the sole power to vote or to direct the vote of all such Held Common Stock and to direct the disposition of such Held Common Stock.
The Reporting Person acquired the Held Common Stock in market transactions from September 26, 2019 to October 7, 2019 as follows:
Settlement Date
|
|
Quantity
|
|
Price (per share)
|
|
09/26/19
|
|
934,840
|
|
$
|
0.2048
|
|
09/26/19
|
|
65,160
|
|
$
|
0.1999
|
|
09/26/19
|
|
426,730
|
|
$
|
0.1979
|
|
09/27/19
|
|
573,270
|
|
$
|
0.2041
|
|
09/30/19
|
|
500,000
|
|
$
|
0.1701
|
|
10/01/19
|
|
1,000,000
|
|
$
|
0.0961
|
|
10/01/19
|
|
3,000,000
|
|
$
|
0.0953
|
|
10/01/19
|
|
2,500,000
|
|
$
|
0.0935
|
|
10/01/19
|
|
2,500,000
|
|
$
|
0.0929
|
|
10/01/19
|
|
1,200,000
|
|
$
|
0.0854
|
|
10/01/19
|
|
300,000
|
|
$
|
0.0850
|
|
10/01/19
|
|
1,700,000
|
|
$
|
0.0828
|
|
10/01/19
|
|
300,000
|
|
$
|
0.0793
|
|
10/02/19
|
|
200,091
|
|
$
|
0.1468
|
|
10/02/19
|
|
151,134
|
|
$
|
0.1429
|
|
10/02/19
|
|
148,775
|
|
$
|
0.1349
|
|
10/04/19
|
|
857,500
|
|
$
|
0.2770
|
|
10/04/19
|
|
1,508,000
|
|
$
|
0.2494
|
|
10/07/19
|
|
340,147
|
|
$
|
0.4629
|
|
10/07/19
|
|
1,562,535
|
|
$
|
0.4277
|
|
10/07/19
|
|
231,818
|
|
$
|
0.3600
|
|
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Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
There are no contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 and between such persons and any person with respect to any securities of the Issuer, including but not limited to the transfer or voting of any such securities, finders fees, joint ventures, loan, or the giving or withholding of proxies.
Item 7. Material to be Filed as Exhibits.
None
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