Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend]
2023年11月23日 - 7:29AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED
IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO
§ 240.13d-2(a)
(Amendment No. 4)1
Westwood Holdings Group, Inc.
(Name
of Issuer)
Common Stock, $0.01 par value per share
(Title of Class of Securities)
961765104
(CUSIP Number)
James C. Pappas
JCP Investment
Management, LLC
1177 West Loop South, Suite 1320
Houston, TX 77027
(713) 333-5540
RYAN NEBEL
OLSHAN
FROME WOLOSKY LLP
1325
Avenue of the Americas
New
York, New York 10019
(212)
451-2300
(Name, Address and Telephone Number of Person
Authorized to Receive Notices
and Communications)
November 20, 2023
(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 ¨.
Note: Schedules
filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See
§ 240.13d-7 for other parties to whom copies are to be sent.
1
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).
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1 |
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NAME OF REPORTING PERSON |
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JCP Investment Partnership, LP |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☐ |
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(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 |
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WC |
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5 |
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |
☐ |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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TEXAS |
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NUMBER OF |
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7 |
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SOLE VOTING POWER |
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SHARES |
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BENEFICIALLY |
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260,628 |
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OWNED BY |
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8 |
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SHARED VOTING POWER |
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EACH |
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REPORTING |
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- 0 - |
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PERSON WITH |
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9 |
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SOLE DISPOSITIVE POWER |
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260,628 |
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10 |
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SHARED DISPOSITIVE POWER |
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- 0 - |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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260,628 |
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12 |
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
☐ |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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2.8% |
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TYPE OF REPORTING PERSON |
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PN |
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1 |
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NAME OF REPORTING PERSON |
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JCP Asset Partnership VI, LP |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☐ |
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(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 |
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WC |
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5 |
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |
☐ |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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TEXAS |
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NUMBER OF |
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7 |
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SOLE VOTING POWER |
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SHARES |
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BENEFICIALLY |
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271,534 |
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OWNED BY |
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8 |
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SHARED VOTING POWER |
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EACH |
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REPORTING |
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- 0 - |
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PERSON WITH |
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9 |
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SOLE DISPOSITIVE POWER |
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271,534 |
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10 |
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SHARED DISPOSITIVE POWER |
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- 0 - |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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271,534 |
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12 |
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
☐ |
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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3.0% |
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TYPE OF REPORTING PERSON |
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PN |
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1 |
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NAME OF REPORTING PERSON |
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JCP Investment Partners, LP |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☐ |
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(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 |
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AF |
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5 |
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |
☐ |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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TEXAS |
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NUMBER OF |
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7 |
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SOLE VOTING POWER |
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SHARES |
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BENEFICIALLY |
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532,162 |
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OWNED BY |
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8 |
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SHARED VOTING POWER |
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EACH |
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REPORTING |
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- 0 - |
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PERSON WITH |
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9 |
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SOLE DISPOSITIVE POWER |
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532,162 |
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10 |
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SHARED DISPOSITIVE POWER |
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- 0 - |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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532,162 |
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12 |
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
☐ |
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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5.8% |
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14 |
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TYPE OF REPORTING PERSON |
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PN |
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1 |
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NAME OF REPORTING PERSON |
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JCP Investment Holdings, LLC |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☐ |
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(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 |
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AF |
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5 |
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |
☐ |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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TEXAS |
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NUMBER OF |
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7 |
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SOLE VOTING POWER |
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SHARES |
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BENEFICIALLY |
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532,162 |
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OWNED BY |
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8 |
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SHARED VOTING POWER |
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EACH |
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REPORTING |
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- 0 - |
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PERSON WITH |
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9 |
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SOLE DISPOSITIVE POWER |
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532,162 |
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10 |
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SHARED DISPOSITIVE POWER |
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- 0 - |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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532,162 |
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12 |
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
☐ |
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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5.8% |
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14 |
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TYPE OF REPORTING PERSON |
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OO |
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1 |
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NAME OF REPORTING PERSON |
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JCP Investment Management, LLC |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☐ |
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(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 |
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AF, OO |
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5 |
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |
☐ |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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TEXAS |
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NUMBER OF |
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7 |
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SOLE VOTING POWER |
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SHARES |
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BENEFICIALLY |
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543,066 |
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OWNED BY |
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8 |
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SHARED VOTING POWER |
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EACH |
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REPORTING |
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- 0 - |
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PERSON WITH |
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9 |
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SOLE DISPOSITIVE POWER |
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543,066 |
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10 |
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SHARED DISPOSITIVE POWER |
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- 0 - |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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543,066 |
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12 |
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
☐ |
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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5.9% |
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14 |
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TYPE OF REPORTING PERSON |
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OO |
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1 |
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NAME OF REPORTING PERSON |
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James C. Pappas |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☐ |
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(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 |
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AF |
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5 |
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |
☐ |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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USA |
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NUMBER OF |
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7 |
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SOLE VOTING POWER |
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SHARES |
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BENEFICIALLY |
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543,066 |
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OWNED BY |
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8 |
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SHARED VOTING POWER |
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EACH |
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REPORTING |
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- 0 - |
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PERSON WITH |
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9 |
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SOLE DISPOSITIVE POWER |
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543,066 |
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10 |
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SHARED DISPOSITIVE POWER |
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- 0 - |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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543,066 |
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12 |
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
☐ |
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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5.9% |
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14 |
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TYPE OF REPORTING PERSON |
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IN |
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The following constitutes Amendment
No. 4 to the Schedule 13D filed by the undersigned (“Amendment No. 4”). This Amendment No. 4 amends the Schedule 13D as specifically
set forth herein.
| Item 3. | Source and Amount of Funds or Other Consideration. |
Item 3 is hereby amended
and restated to read as follows:
The Shares purchased by JCP
Partnership and JCP Asset VI and held in the JCP Account were purchased with working capital (which may, at any given time, include margin
loans made by brokerage firms in the ordinary course of business). The aggregate purchase price of the 260,628 Shares owned directly by
JCP Partnership is approximately $5,001,901, including brokerage commissions. The aggregate purchase price of the 271,534 Shares owned
directly by JCP Asset VI is approximately $5,211,254, including brokerage commissions. The aggregate purchase price of the 10,904 Shares
held in the JCP Account is approximately $209,284, including brokerage commissions.
| Item 5. | Interest in Securities of the Issuer. |
Items 5(a) – (c) are
hereby amended and restated to read as follows:
The aggregate percentage
of Shares reported owned by each person named herein is based upon 9,145,663 Shares outstanding as of October 24, 2023, which is the total
number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission
on October 31, 2023.
| (a) | As of the date hereof, JCP Partnership beneficially owned 260,628 Shares. |
Percentage: Approximately
2.8%
| (b) | 1. Sole power to vote or direct vote: 260,628
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 260,628
4. Shared power to dispose or direct the disposition: 0 |
| (a) | As of the date hereof, JCP Asset VI beneficially owned 271,534 Shares. |
Percentage: Approximately
3.0%
| (b) | 1. Sole power to vote or direct vote: 271,534
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 271,534
4. Shared power to dispose or direct the disposition: 0 |
| (a) | JCP Partners, as the general partner of JCP Partnership and JCP Asset VI, may be deemed the beneficial
owner of the (i) 260,628 Shares owned by JCP Partnership and (ii) 271,534 Shares owned by JCP Asset VI. |
Percentage: Approximately
5.8%
| (b) | 1. Sole power to vote or direct vote: 532,162
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 532,162
4. Shared power to dispose or direct the disposition: 0 |
| (a) | JCP Holdings, as the general partner of JCP Partners, may be deemed the beneficial owner of the (i) 260,628
Shares owned by JCP Partnership and (ii) 271,534 Shares owned by JCP Asset VI. |
Percentage: Approximately
5.8%
| (b) | 1. Sole power to vote or direct vote: 532,162
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 532,162
4. Shared power to dispose or direct the disposition: 0 |
| (a) | As of the date hereof, 10,904 Shares were held in the JCP Account. JCP
Management, as the investment manager of JCP Partnership, JCP Asset VI and the JCP Account, may be deemed the beneficial owner of the
(i) 260,628 Shares owned by JCP Partnership, (ii) 271,534 Shares owned by JCP Asset VI and (iii) 10,904 Shares held in the JCP Account. |
Percentage: Approximately
5.9%
| (b) | 1. Sole power to vote or direct vote: 543,066
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 543,066
4. Shared power to dispose or direct the disposition: 0
|
| (a) | Mr. Pappas, as the managing member of JCP Management and sole member of
JCP Holdings, may be deemed the beneficial owner of the (i) 260,628 Shares owned by JCP Partnership, (ii) 271,534 Shares owned by JCP
Asset VI and (iii) 10,904 Shares held in the JCP Account. |
Percentage: Approximately
5.9%
| (b) | 1. Sole power to vote or direct vote: 543,066
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or direct the disposition: 543,066
4. Shared power to dispose or direct the disposition: 0 |
The filing of this Schedule
13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934,
as amended, the beneficial owners of any securities of the Issuer he or it does not directly own. Each of the Reporting Persons specifically
disclaims beneficial ownership of the securities reported herein that he or it does not directly own.
| (c) | The transactions in securities of the Issuer by the Reporting Persons during the past 60 days are set
forth in Schedule A and are incorporated herein by reference. All of such transactions were effected in the open market unless otherwise
noted therein. |
SIGNATURES
After reasonable inquiry
and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete
and correct.
Dated: November 22, 2023
|
JCP Investment Partnership, LP |
|
|
|
By: |
JCP Investment Management, LLC
Investment Manager |
|
|
|
|
By: |
/s/ James C. Pappas |
|
|
Name: |
James C. Pappas |
|
|
Title: |
Managing Member |
|
JCP Asset Partnership VI, LP |
|
|
|
By: |
JCP Investment Management, LLC
Investment Manager |
|
|
|
|
By: |
/s/ James C. Pappas |
|
|
Name: |
James C. Pappas |
|
|
Title: |
Managing Member |
|
JCP Investment Partners, LP |
|
|
|
By: |
JCP Investment Holdings, LLC
General Partner |
|
|
|
|
By: |
/s/ James C. Pappas |
|
|
Name: |
James C. Pappas |
|
|
Title: |
Sole Member |
|
JCP Investment Holdings, LLC |
|
|
|
By: |
/s/ James C. Pappas |
|
|
Name: |
James C. Pappas |
|
|
Title: |
Sole Member |
|
JCP Investment Management, LLC |
|
|
|
By: |
/s/ James C. Pappas |
|
|
Name: |
James C. Pappas |
|
|
Title: |
Managing Member |
|
/s/ James C. Pappas |
|
James C. Pappas |
SCHEDULE A
Transactions in the Securities of the Issuer During
the Past 60 Days
Shares of Common
Stock Purchased/(Sold) |
Price Per
Share($) |
Date of
Purchase/Sale |
JCP
Investment Partnership, LP
(1,016) |
11.7658 |
11/06/2023 |
(9,598) |
11.0000 |
11/14/2023 |
(792) |
11.0000 |
11/15/2023 |
(67) |
11.0000 |
11/16/2023 |
(70) |
11.0000 |
11/17/2023 |
(11,998) |
11.0000 |
11/20/2023 |
(1,281) |
11.0067 |
11/21/2023 |
(71,988) |
11.0000 |
11/22/2023 |
JCP
Asset Partnership VI, LP
(1,060) |
11.7658 |
11/06/2023 |
(10,000) |
11.0000 |
11/14/2023 |
(826) |
11.0000 |
11/15/2023 |
(71) |
11.0000 |
11/16/2023 |
(73) |
11.0000 |
11/17/2023 |
(12,500) |
11.0000 |
11/20/2023 |
(1,335) |
11.0067 |
11/21/2023 |
(75,000) |
11.0000 |
11/22/2023 |
JCP
Investment Management, LLC
(Through the JCP Account)
(43) |
11.7658 |
11/06/2023 |
(402) |
11.0000 |
11/14/2023 |
(33) |
11.0000 |
11/15/2023 |
(3) |
11.0000 |
11/16/2023 |
(3) |
11.0000 |
11/17/2023 |
(502) |
11.0000 |
11/20/2023 |
(54) |
11.0067 |
11/21/2023 |
(3,012) |
11.0000 |
11/22/2023 |
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