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. ☐
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).
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1.
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Names of
reporting persons.
Coliseum Capital Management, LLC
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2.
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Check the appropriate box if a member
of a group (see instructions)
(a) ☐ (b) ☒
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3.
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SEC use only
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4.
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Source of funds (see instructions)
AF
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5.
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Check if disclosure of legal
proceedings is required pursuant to Items 2(d) or 2(e)
☐
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6.
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Citizenship or place of
organization
Delaware
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Number of
shares
beneficially
owned by
each
reporting
person
with
|
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7.
|
|
Sole voting power
0
|
|
8.
|
|
Shared voting power
547,942
|
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9.
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|
Sole dispositive power
0
|
|
10.
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Shared dispositive power
547,942
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11.
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Aggregate amount beneficially owned by each reporting person
547,942
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12.
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|
Check if the aggregate amount in Row
(11) excludes certain shares (see instructions)
☐
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13.
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Percent of class represented by amount
in Row (11)
5.9%
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14.
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Type of reporting person (see
instructions)
IA
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Page 2 of 10
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1.
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Names of
reporting persons.
Coliseum Capital, LLC
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2.
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|
Check the appropriate box if a member
of a group (see instructions)
(a) ☐ (b) ☒
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3.
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SEC use only
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4.
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|
Source of funds (see instructions)
AF
|
5.
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|
Check if disclosure of legal
proceedings is required pursuant to Items 2(d) or 2(e)
☐
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6.
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|
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
398,440
|
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9.
|
|
Sole dispositive power
0
|
|
10.
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Shared dispositive power
398,440
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11.
|
|
Aggregate amount beneficially owned by each reporting person
398,440
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12.
|
|
Check if the aggregate amount in Row
(11) excludes certain shares (see instructions)
☐
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13.
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Percent of class represented by amount
in Row (11)
4.3%
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14.
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Type of reporting person (see
instructions)
OO
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Page 3 of 10
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1.
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Names of
reporting persons.
Coliseum Capital Partners, L.P.
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2.
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|
Check the appropriate box if a member
of a group (see instructions)
(a) ☐ (b) ☒
|
3.
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SEC use only
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4.
|
|
Source of funds (see instructions)
WC
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5.
|
|
Check if disclosure of legal
proceedings is required pursuant to Items 2(d) or 2(e)
☐
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6.
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|
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
398,440
|
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9.
|
|
Sole dispositive power
0
|
|
10.
|
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Shared dispositive power
398,440
|
11.
|
|
Aggregate amount beneficially owned by each reporting person
398,440
|
12.
|
|
Check if the aggregate amount in Row
(11) excludes certain shares (see instructions)
☐
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13.
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|
Percent of class represented by amount
in Row (11)
4.3%
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14.
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|
Type of reporting person (see
instructions)
PN
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Page 4 of 10
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1.
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Names of
reporting persons.
Adam Gray
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2.
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|
Check the appropriate box if a member
of a group (see instructions)
(a) ☐ (b) ☒
|
3.
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|
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)
☐
|
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
547,942
|
|
9.
|
|
Sole dispositive power
0
|
|
10.
|
|
Shared dispositive power
547,942
|
11.
|
|
Aggregate amount beneficially owned by each reporting person
547,942
|
12.
|
|
Check if the aggregate amount in Row
(11) excludes certain shares (see instructions)
☐
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13.
|
|
Percent of class represented by amount
in Row (11)
5.9%
|
14.
|
|
Type of reporting person (see
instructions)
IN
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Page 5 of 10
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1.
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Names of
reporting persons.
Christopher Shackelton
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2.
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|
Check the appropriate box if a member
of a group (see instructions)
(a) ☐ (b) ☒
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3.
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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)
☐
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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
547,942
|
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9.
|
|
Sole dispositive power
0
|
|
10.
|
|
Shared dispositive power
547,942
|
11.
|
|
Aggregate amount beneficially owned by each reporting person
547,942
|
12.
|
|
Check if the aggregate amount in Row
(11) excludes certain shares (see instructions)
☐
|
13.
|
|
Percent of class represented by amount
in Row (11)
5.9%
|
14.
|
|
Type of reporting person (see
instructions)
IN
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Page 6 of 10
CUSIP No. 09624H208
Item 1. Security and Issuer.
This Schedule 13D
(this
Schedule 13D
) relates to the common stock, par value $0.01 per share (the
Common Stock
), of BlueLinx Holdings Inc. (the
Issuer
), a Delaware corporation. The principal executive offices
of the Issuer are located at 1950 Spectrum Circle, Suite 300, Marietta, Georgia, 30067.
Item 2. Identity and Background.
The persons filing this statement and the persons enumerated in Instruction C of Schedule 13D and, where applicable, their respective places of organization,
general partners, directors, executive officers and controlling persons and the information regarding them, are as follows:
(a)
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This Schedule 13D is filed by:
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Coliseum Capital Management, LLC, a Delaware limited liability company (
CCM
);
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Coliseum Capital, LLC, a Delaware limited liability company (
CC
);
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Coliseum Capital Partners, L.P., a Delaware limited partnership (
CCP
);
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Adam Gray (
Gray
); and
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Christopher Shackelton (
Shackelton
).
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The foregoing persons are hereinafter sometimes collectively referred to as the
Reporting Persons
.
(b)
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The business address of the Reporting Persons is 105 Rowayton Avenue, Rowayton, CT 06853.
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(c)
|
The present principal occupation or employment of each of the Reporting Persons and the name, principal
business and address of any corporation or other organization in which such employment is conducted is as follows:
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CCM
is the investment adviser to CCP, which is an investment limited partnership. CC is the General Partner of CCP. Gray and Shackelton are the managers of CC and CCM.
(d)
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During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors).
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(e)
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During the last five years, none of the Reporting Persons was 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.
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(f)
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The citizenship or place of organization for each of the Reporting Persons is listed in Row 6 of the cover
pages hereto.
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Item 3. Source and Amount of Funds or Other Consideration.
The source and amount of funds used in purchasing the Common Stock by the Reporting Persons and a separate account investment advisory client of CCM (the
Separate Account
) were as follows:
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Purchaser
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Source of Funds
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Amount
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CCP
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Working Capital
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$
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9,741,459.55
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Separate Account
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Working Capital
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$
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3,659,734.64
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Item 4. Purpose of Transaction.
The Reporting Persons acquired the Common Stock for investment purposes, and such purposes were made in the Reporting Persons ordinary course of
business. In pursuing such investment purposes, the Reporting Persons may further purchase, hold, vote, trade, dispose or otherwise deal in the Common Stock at times, and in such manner (including pursuant to hedging transactions), as they deem
advisable to benefit from changes in market prices of the Common Stock, changes in the Issuers operations, business strategy or prospects, or from a sale or merger of the Issuer. To evaluate such alternatives, the Reporting Persons routinely
will monitor the Issuers operations, prospects, business development, management, competitive and strategic matters, capital structure, and prevailing market conditions, as well as alternative investment opportunities, liquidity requirements
of the Reporting Persons and other investment considerations. Consistent with their investment research methods and evaluation criteria, the Reporting Persons may discuss such matters with management or directors of the Issuer, other shareholders,
industry analysts, existing or potential strategic partners or competitors, investment and financing professionals, sources of credit and other investors. Such factors and discussions may materially affect, and result in, the Reporting Persons
modifying their ownership of the Common Stock, exchanging information with the Issuer pursuant to appropriate confidentiality or similar agreements, proposing changes in the Issuers operations, governance or capitalization, or in proposing one
or more of the other actions described in paragraphs (a) through (j) of Item 4 of Schedule 13D. The Reporting Persons reserve the right to formulate other plans and/or make other proposals, and take such actions with respect to their investment
in the Issuer, including any or all of the actions set forth in paragraphs (a) through (j) of Item 4 of Schedule 13D, or acquire additional shares of Common Stock or dispose of all shares of Common Stock beneficially owned by them, in public
market or privately negotiated transactions. The Reporting Persons may at any time reconsider and change their plans or proposals relating to the foregoing.
Item 5. Interest in Securities of the Issuer.
(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 of all
the cover pages filed herewith are calculated based upon 9,342,864 shares of Common Stock outstanding as of February 28, 2019, as reported in the Issuers Annual Report on Form
10-K
filed with the
Securities and Exchange Commission on March 13, 2019.
(c)
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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 Schedule 13D.
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Name
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Purchase or Sale
|
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Date
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Number
of
Shares
|
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Weighted
Average
Price Per
Share
|
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Range of Prices
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CCP
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Open Market Purchase
|
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4/3/2019
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18,409
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$
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24.7471
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$
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24.5900 - $24.8200
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Separate Account
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Open Market Purchase
|
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4/3/2019
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6,591
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$
|
24.7471
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$
|
24.5900 - $24.8200
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CCP
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Open Market Purchase
|
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4/4/2019
|
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7,737
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$
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24.7416
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$
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24.4350 - $24.8000
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Separate Account
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Open Market Purchase
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4/4/2019
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2,763
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$
|
24.7416
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$
|
24.4350 - $24.8000
|
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CCP
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Open Market Purchase
|
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4/5/2019
|
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18,417
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$
|
24.4496
|
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$
|
24.2800 - $24.9000
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Separate Account
|
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Open Market Purchase
|
|
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4/5/2019
|
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6,583
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$
|
24.4496
|
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$
|
24.2800 - $24.9000
|
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CCP
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Open Market Purchase
|
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4/8/2019
|
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16,950
|
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$
|
24.2331
|
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|
$
|
24.1000 - $24.5000
|
|
Separate Account
|
|
Open Market Purchase
|
|
|
4/8/2019
|
|
|
|
6,050
|
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|
$
|
24.2331
|
|
|
$
|
24.1000 - $24.5000
|
|
CCP
|
|
Open Market Purchase
|
|
|
4/9/2019
|
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8,841
|
|
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$
|
23.9198
|
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|
$
|
23.7900 - $23.9500
|
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Separate Account
|
|
Open Market Purchase
|
|
|
4/9/2019
|
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|
|
3,159
|
|
|
$
|
23.9198
|
|
|
$
|
23.7900 - $23.9500
|
|
CCP
|
|
Open Market Purchase
|
|
|
4/11/2019
|
|
|
|
2,650
|
|
|
$
|
23.8000
|
|
|
$
|
23.8000 - $23.8000
|
|
Separate Account
|
|
Open Market Purchase
|
|
|
4/11/2019
|
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950
|
|
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$
|
23.8000
|
|
|
$
|
23.8000 - $23.8000
|
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(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.
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The information in Items 4 and 6 hereof is incorporated by reference herein.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
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.
The
Reporting Persons are parties to an agreement with respect to the joint filing of this Schedule 13D and any amendments hereto. A copy of such agreement is attached as
Exhibit 1
to this Schedule 13D and is incorporated by reference herein.
The information in Item 4 is incorporated by reference herein.
Item 7. Material to Be Filed as Exhibits.
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Exhibit No.
|
|
Description
|
|
|
99.1
|
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Joint Filing Agreement
|
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: April 15, 2019
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COLISEUM CAPITAL MANAGEMENT, LLC
|
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CHRISTOPHER SHACKELTON
|
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By:
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/s/ Thomas Sparta
|
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By:
|
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/s/ Thomas Sparta
|
|
|
Thomas Sparta,
Attorney-in-fact
|
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|
|
Thomas Sparta,
Attorney-in-fact
|
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|
COLISEUM CAPITAL, LLC
|
|
ADAM GRAY
|
|
|
|
|
By:
|
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/s/ Thomas Sparta
|
|
By:
|
|
/s/ Thomas Sparta
|
|
|
Thomas Sparta,
Attorney-in-fact
|
|
|
|
Thomas Sparta,
Attorney-in-fact
|
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|
COLISEUM CAPITAL PARTNERS, L.P.
|
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By:
|
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Coliseum Capital, LLC, General Partner
|
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By:
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/s/ Thomas Sparta
|
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Thomas Sparta,
Attorney-in-fact
|
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