LSB Industries, Inc.
|
(Name of Issuer)
|
Common Stock, par value $0.10 per share
|
(Title of Class of Securities)
|
502160104
|
(CUSIP Number)
|
December 31, 2019
|
(Date of Event Which Requires Filing of this Statement)
|
☐ |
Rule 13d-1(b)
|
☒ |
Rule 13d-1(c)
|
☐ |
Rule 13d-1(d)
|
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 2 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Robert E. Robotti
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☒
|
|
|
|||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
United States
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
10,000
|
|
|
|||
|
|
||||
6
|
SHARED VOTING POWER
|
|
|
||
1,655,145
|
|
|
|||
|
|
||||
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
10,000
|
|
|
|||
|
|
||||
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
1,655,145
|
|
|
|||
|
|
||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
1,665,145
|
|
|
|||
|
|
||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
☐
|
|
|
|||
|
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
5.8%
|
|
|
|||
|
|
||||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
IN, HC
|
|
|
|||
|
|
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 3 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Robotti & Company, Incorporated
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☒
|
|
|
|||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
New York
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
-0-
|
|
|
|||
|
|
||||
6
|
SHARED VOTING POWER
|
|
|
||
1,655,145
|
|
|
|||
|
|
||||
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
-0-
|
|
|
|||
|
|
||||
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
1,655,145
|
|
|
|||
|
|
||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
1,655,145
|
|
|
|||
|
|
||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
☐
|
|
|
|||
|
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
5.8%
|
|
|
|||
|
|
||||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
CO, HC
|
|
|
|||
|
|
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 4 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Robotti & Company Advisors, LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☒
|
|
|
|||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
New York
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
-0-
|
|
|
|||
|
|
||||
6
|
SHARED VOTING POWER
|
|
|
||
1,640,090
|
|
|
|||
|
|
||||
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
-0-
|
|
|
|||
|
|
||||
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
1,640,090
|
|
|
|||
|
|
||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
1,640,090
|
|
|
|||
|
|
||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
☐
|
|
|
|||
|
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
5.7%
|
|
|
|||
|
|
||||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO, IA
|
|
|
|||
|
|
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 5 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Robotti Securities, LLC
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☒
|
|
|
|||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
New York
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
-0-
|
|
|
|||
|
|
||||
6
|
SHARED VOTING POWER
|
|
|
||
14,885
|
|
|
|||
|
|
||||
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
-0-
|
|
|
|||
|
|
||||
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
14,885
|
|
|
|||
|
|
||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
14,885
|
|
|
|||
|
|
||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
☐
|
|
|
|||
|
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
Less than 1%
|
|
|
|||
|
|
||||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO, BD
|
|
|
|||
|
|
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 6 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Kenneth R. Wasiak
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☒
|
|
|
|||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
United States
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
-0-
|
|
|
|||
|
|
||||
6
|
SHARED VOTING POWER
|
|
|
||
995,737
|
|
|
|||
|
|
||||
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
-0-
|
|
|
|||
|
|
||||
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
995,737
|
|
|
|||
|
|
||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
995,737
|
|
|
|||
|
|
||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
☐
|
|
|
|||
|
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
3.5%
|
|
|
|||
|
|
||||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
IN, HC
|
|
|
|||
|
|
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 7 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Ravenswood Management Company, L.L.C.
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☒
|
|
|
|||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
New York
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
-0-
|
|
|
|||
|
|
||||
6
|
SHARED VOTING POWER
|
|
|
||
995,737
|
|
|
|||
|
|
||||
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
-0-
|
|
|
|||
|
|
||||
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
995,737
|
|
|
|||
|
|
||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
995,737
|
|
|
|||
|
|
||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
☐
|
|
|
|||
|
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
3.5%
|
|
|
|||
|
|
||||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
OO
|
|
|
|||
|
|
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 8 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
The Ravenswood Investment Company, L.P.
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☒
|
|
|
|||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
Delaware
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
-0-
|
|
|
|||
|
|
||||
6
|
SHARED VOTING POWER
|
|
|
||
583,697
|
|
|
|||
|
|
||||
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
-0-
|
|
|
|||
|
|
||||
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
583,697
|
|
|
|||
|
|
||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
583,697
|
|
|
|||
|
|
||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
☐
|
|
|
|||
|
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
2.0%
|
|
|
|||
|
|
||||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
PN
|
|
|
|||
|
|
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 9 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Ravenswood Investments III, L.P.
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☒
|
|
|
|||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
New York
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
-0-
|
|
|
|||
|
|
||||
6
|
SHARED VOTING POWER
|
|
|
||
412,040
|
|
|
|||
|
|
||||
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
-0-
|
|
|
|||
|
|
||||
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
412,040
|
|
|
|||
|
|
||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
412,040
|
|
|
|||
|
|
||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
☐
|
|
|
|||
|
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
1.4%
|
|
|
|||
|
|
||||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
PN
|
|
|
|||
|
|
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 10 of 15 Pages
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
Suzanne Robotti
|
|
|
|||
|
|
||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
(a)☐
|
|||||
(b)☒
|
|
|
|||
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|||
|
|
||||
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
United States
|
|
|
|||
|
|
||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
10,000
|
|
|
|||
|
|
||||
6
|
SHARED VOTING POWER
|
|
|
||
-0-
|
|
|
|||
|
|
||||
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
10,000
|
|
|
|||
|
|
||||
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
-0-
|
|
|
|||
|
|
||||
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
10,000
|
|
|
|||
|
|
||||
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
☐
|
|
|
|||
|
|
||||
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
Less than 1%
|
|
|
|||
|
|
||||
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
IN
|
|
|
|||
|
|
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 11 of 15 Pages
|
Item 1(a).
|
Name of Issuer:
|
|
LSB Industries, Inc.
|
Item 1(b).
|
Address of Issuer's Principal Executive Offices:
|
|
3503 NW 63rd Street, Suite 500, Oklahoma City, OK 73116
|
Item 2(a).
|
Names of Persons Filing:
|
|
This statement is filed by (collectively, the "Reporting Persons")
|
||
(i) Robert E. Robotti ("Robotti"), a United States citizen;
|
||
(ii) Robotti & Company, Incorporated ("ROBT"), a New York corporation and the parent company of Robotti & Company Advisors, LLC and Robotti Securities, LLC;
|
||
(iii) Robotti & Company Advisors, LLC ("Robotti Advisors"), a New York limited liability company and an investment advisor registered under the Investment Advisers Act of 1940, as amended;
|
||
(iv) Robotti Securities, LLC ("Robotti Securities") a New York limited liability company and a broker-dealer registered under Section 15 of the Securities Exchange Act of 1934, as amended;
(v) Kenneth R. Wasiak ("Wasiak"), a United States citizen;
|
||
(vi) Ravenswood Management Company, L.L.C. ("RMC"), a New York limited liability company and the general partner of The Ravenswood Investment Company, L.P. and Ravenswood Investments III, L.P.;
|
||
(vii) The Ravenswood Investment Company, L.P. ("RIC"), a Delaware limited partnership and an advisory client of Robotti Advisors;
|
||
(viii) Ravenswood Investments III, L.P. ("RI"), a New York limited partnership and an advisory client of Robotti Advisors; and
|
||
(ix) Suzanne Robotti, a United States citizen.
|
Item 2(b).
|
Address of Principal Business Office or, if None, Residence:
|
|
The principal business address of each of Mr. Robotti, ROBT, Robotti Advisors, Robotti Securities, RMC, RIC, RI and Ms. Robotti is 60 East 42nd Street, Suite 3100, New York, NY 10165.
|
||
The principal business address of Mr. Wasiak is 104 Gloucester Road, Massapequa, New York 11758.
|
Item 2(c).
|
Citizenship:
|
|
See Item 2(a)
|
Item 2(d).
|
Title of Class of Securities:
|
|
Common Stock, par value $0.10 per share (the "Common Stock")
|
Item 2(e).
|
CUSIP Number
|
|
502160104
|
Item 3.
|
If this Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the
|
|
Person Filing is a:
|
||
Not Applicable
|
Item 4.
|
Ownership
|
||
(i) Mr. Robotti: (1)(2)
|
|||
(a) Amount beneficially owned: 1,665,145 shares
|
|||
(b) Percent of class: 5.79%
|
|||
(c) Number of shares as to which such person has:
|
|||
(i) Sole power to vote or to direct the vote: 10,000 shares
|
|||
(ii) Shared power to vote or to direct the vote: 1,655,145 shares
|
|||
(iii) Sole power to dispose or to direct the disposition of: 10,000 shares
|
|||
(iv) Shared power to dispose or to direct the disposition of: 1,655,145 shares
|
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 12 of 15 Pages
|
(ii) ROBT: (1)
|
|||
(a) Amount beneficially owned: 1,655,145 shares
|
|||
(b) Percent of class: 5.75%
|
|||
(c) Number of shares as to which such person has:
|
|||
(i) Sole power to vote or to direct the vote: 0 shares
|
|||
(ii) Shared power to vote or to direct the vote 1,655,145 shares
|
|||
(iii) Sole power to dispose or to direct the disposition of: 0 shares
|
|||
(iv) Shared power to dispose or to direct the disposition of: 1,655,145 shares
|
(iii) Robotti Advisors: (1)
|
|||
(a) Amount beneficially owned: 1,640,090 shares
|
|||
(b) Percent of class: 5.70%
|
|||
(c) Number of shares as to which such person has:
|
|||
(i) Sole power to vote or to direct the vote: 0 shares
|
|||
(ii) Shared power to vote or to direct the vote: 1,640,090 shares
|
|||
(iii) Sole power to dispose or to direct the disposition of: 0 shares
|
|||
(iv) Shared power to dispose or to direct the disposition of: 1,640,090 shares
|
(iv) Robotti Securities: (1)
|
|||
(a) Amount beneficially owned: 14,885 shares
|
|||
(b) Percent of class: less than one percent
|
|||
(c) Number of shares as to which such person has:
|
|||
(i) Sole power to vote or to direct the vote: 0 shares
|
|||
(ii) Shared power to vote or to direct the vote: 14,885 shares
|
|||
(iii) Sole power to dispose or to direct the disposition of: 0 shares
|
|||
(iv) Shared power to dispose or to direct the disposition of: 14,885 shares
|
(v) Mr. Wasiak: (1)
|
|||
(a) Amount beneficially owned: 995,737 shares
|
|||
(b) Percent of class: 3.46%
|
|||
(c) Number of shares as to which such person has:
|
|||
(i) Sole power to vote or to direct the vote: 0 shares
|
|||
(ii) Shared power to vote or to direct the vote: 995,737 shares
|
|||
(iii) Sole power to dispose or to direct the disposition of: 0 shares
|
|||
(iv) Shared power to dispose or to direct the disposition of: 995,737 shares
|
(vi) RMC: (1)
|
|||
(a) Amount beneficially owned: 995,737 shares
|
|||
(b) Percent of class: 3.46%
|
|||
(c) Number of shares as to which such person has:
|
|||
(i) Sole power to vote or to direct the vote: 0 shares
|
|||
(ii) Shared power to vote or to direct the vote: 995,737 shares
|
|||
(iii) Sole power to dispose or to direct the disposition of: 0 shares
|
|||
(iv) Shared power to dispose or to direct the disposition of: 995,737 shares
|
(vii) RIC: (1)
|
|||
(a) Amount beneficially owned: 583,697 shares
|
|||
(b) Percent of class: 2.03%
|
|||
(c) Number of shares as to which such person has
|
|||
(i) Sole power to vote or to direct the vote: 0 shares
|
|||
(ii) Shared power to vote or to direct the vote: 583,697 shares
|
|||
(iii) Sole power to dispose or to direct the disposition of: 0 shares
|
|||
(iv) Shared power to dispose or to direct the disposition of: 583,697 shares
|
(viii) RI: (1)
|
|||
(a) Amount beneficially owned: 412,040 shares
|
|||
(b) Percent of class: 1.43%
|
|||
(c) Number of shares as to which such person has
|
|||
(i) Sole power to vote or to direct the vote: 0 shares
|
|||
(ii) Shared power to vote or to direct the vote: 412,040 shares
|
|||
(iii) Sole power to dispose or to direct the disposition of: 0 shares
|
|||
(iv) Shared power to dispose or to direct the disposition of: 412,040 shares
|
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 13 of 15 Pages
|
(ix) Suzanne Robotti: (1)(2)
|
|||
(a) Amount beneficially owned: 10,000 shares
|
|||
(b) Percent of class: less than one percent
|
|||
(c) Number of shares as to which such person has
|
|||
(i) Sole power to vote or to direct the vote: 10,000 shares
|
|||
(ii) Shared power to vote or to direct the vote: 0 shares
|
|||
(iii) Sole power to dispose or to direct the disposition of: 10,000 shares
|
|||
(iv) Shared power to dispose or to direct the disposition of: 0 shares
|
|
* Based on an aggregate of 28,782,431 shares of Common Stock, par value $0.10 per share, outstanding as of October 25, 2019, as disclosed in the Issuer's Quarterly Report on Form
10-Q, for the quarter ended September 30, 2019.
|
|
(1) Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein by the other Reporting Persons and any other person named herein except to the extent
of any pecuniary interest therein. Each of the Reporting Persons disclaims membership in a "group" within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or Rule 13d-5(b)(1)
under the Exchange Act with any other Reporting Person or other person.
|
||
|
||
|
(2) The number of shares reported beneficially owned by Mr. Robotti in Item 4(i) and by Mrs. Robotti in Item 4(ix) does not include the shares of Common Stock beneficially owned by the
other.
|
Item 5.
|
Ownership of Five Percent or Less of a Class.
|
|
Not Applicable.
|
Item 6.
|
Ownership of More than Five Percent on Behalf of Another Person.
|
|
Robotti Securities’ discretionary customers and Robotti Advisors' clients have the right to receive and the power to direct the receipt of dividends from, and the proceeds from the sale of, Common Stock owned
by them. Except as set forth in the immediately preceding sentence, no person other than the Reporting Persons is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of,
such Common Stock beneficially owned by the Reporting Persons. No discretionary customer or client is known to any Reporting Person to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the
sale of, more than five percent of the Issuer's Common Stock.
|
Item 7.
|
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
|
|
See Item 2 and Note (1) in Item 4.
|
Item 8.
|
Identification and Classification of Members of the Group.
|
|
See Item 2 and Note (1) in Item 4.
|
Item 9.
|
Notice of Dissolution of Group.
|
|
Not Applicable.
|
Item 10.
|
Certifications:
|
|
By signing below we certify that, to the best of our 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, other than activities solely in connection with a nomination under
§240.14a-11.
|
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 14 of 15 Pages
|
Date:
|
February 11, 2020
|
Individuals
|
||||
|
||||
/s/ Robert E. Robotti
|
/s/ Suzanne Robotti
|
|||
Robert E. Robotti
|
Suzanne Robotti
|
|||
|
||||
/s/ Kenneth R. Wasiak
|
||||
Kenneth R. Wasiak
|
||||
Robotti & Company, Incorporated
|
||||
By:
|
/s/ Robert E. Robotti
|
|||
Name: Robert E. Robotti
|
||||
Title: President and Treasurer
|
||||
Robotti & Company Advisors, LLC
|
Robotti Securities, LLC
|
|||
By:
|
/s/ Robert E. Robotti
|
By:
|
/s/ Robert E. Robotti
|
|
Name: Robert E. Robotti
|
Name: Robert E. Robotti
|
|||
Title: President and Treasurer
|
Title: President and Treasurer
|
|||
Ravenswood Management Company, L.L.C.
|
||||
By:
|
/s/ Robert E. Robotti
|
|||
Name: Robert E. Robotti
|
||||
Title: Managing Member
|
||||
The Ravenswood Investment Company, L.P.
|
Ravenswood Investments III, L.P.
|
|||
By:
|
Ravenswood Management Company, L.L.C., General Partner
|
By:
|
Ravenswood Management Company, L.L.C., General Partner
|
|
By:
|
/s/ Robert E. Robotti
|
By:
|
/s/ Robert E. Robotti
|
|
Name: Robert E. Robotti
|
Name: Robert E. Robotti
|
|||
Title: Managing Member
|
Title: Managing Member
|
Schedule 13G
|
||
CUSIP No. 502160104
|
Page 15 of 15 Pages
|
Date:
|
February 11, 2020
|
|||
/s/ Robert E. Robotti
|
/s/ Suzanne Robotti
|
|||
Robert E. Robotti
|
Suzanne Robotti
|
|||
|
||||
/s/ Kenneth R. Wasiak
|
||||
Kenneth R. Wasiak
|
||||
|
||||
Robotti & Company, Incorporated
|
||||
By:
|
/s/ Robert E. Robotti
|
|||
Name: Robert E. Robotti
|
||||
Title: President and Treasurer
|
||||
Robotti & Company Advisors, LLC
|
Robotti Securities, LLC
|
|||
By:
|
/s/ Robert E. Robotti
|
By:
|
/s/ Robert E. Robotti
|
|
Name: Robert E. Robotti
|
Name: Robert E. Robotti
|
|||
Title: President and Treasurer
|
Title: President and Treasurer
|
|||
Ravenswood Management Company, L.L.C.
|
||||
By:
|
/s/ Robert E. Robotti
|
|||
Name: Robert E. Robotti
|
||||
Title: Managing Member
|
||||
The Ravenswood Investment Company, L.P.
|
Ravenswood Investments III, L.P.
|
|||
By:
|
Ravenswood Management Company, L.L.C., General Partner
|
By:
|
Ravenswood Management Company, L.L.C., General Partner
|
|
|
|
|||
By:
|
/s/ Robert E. Robotti
|
By:
|
/s/ Robert E. Robotti
|
|
Name: Robert E. Robotti
|
Name: Robert E. Robotti
|
|||
Title: Managing Member
|
Title: Managing Member
|