-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, H0hLtvsBXqIFWHd/KC7RYhn5upgLG1LZsUTCSQQbNQ41jZdBZXDnAPWz23PYR8Ne kvSJW9wnekIle6Fq50+1vw== 0001341004-10-000326.txt : 20100212 0001341004-10-000326.hdr.sgml : 20100212 20100212160519 ACCESSION NUMBER: 0001341004-10-000326 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100212 DATE AS OF CHANGE: 20100212 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DUCKWALL ALCO STORES INC CENTRAL INDEX KEY: 0000030302 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-VARIETY STORES [5331] IRS NUMBER: 480201080 STATE OF INCORPORATION: KS FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43827 FILM NUMBER: 10599276 BUSINESS ADDRESS: STREET 1: 401 COTTAGE STREET CITY: ABILENE STATE: KS ZIP: 67410-0129 BUSINESS PHONE: 9132633350 MAIL ADDRESS: STREET 1: DUCKWALL ALCO STORES INC STREET 2: 401 COTTAGE CITY: ABILENE STATE: KS ZIP: 67410 FORMER COMPANY: FORMER CONFORMED NAME: DUCKWALL STORES INC DATE OF NAME CHANGE: 19781020 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MFP INVESTORS LLC CENTRAL INDEX KEY: 0001105685 IRS NUMBER: 223608480 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 667 MADISON AVE, 25TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10065 BUSINESS PHONE: 212 752-7280 MAIL ADDRESS: STREET 1: 667 MADISON AVE, 25TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10065 SC 13G/A 1 sc13g_a.htm SCHEDULE 13G/A sc13g_a.htm
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
SCHEDULE 13G/A
 
Under the Securities Exchange Act of 1934
 
(Amendment No.  3)*

Duckwall-ALCO Stores, Inc.
(Name of Issuer)

Comon Stock, Par Value $.0001
(Title of Class of Securities)

 
264142100
  
 
(CUSIP Number)
  

February 12, 2010
(Date of Event Which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
  o
Rule 13d-l(b)
     
  x
Rule 13d-l(c)
     
  o
Rule 13d-l(d)
 
*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 the disclosures provided in a prior cover page.
 
The information required in 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).


Page 1 of 7 pages
 
CUSIP No. 264142100
 
   
   1.
Names of Reporting Persons
 
 
MFP Partners, L.P.(1)
c/o MFP Investors LLC
 
667 Madison Avenue, 25th Floor
New York, NY 10065
   
   
   2.
Check the Appropriate Box if a Member of a Group (See Instructions)
   
 
£  (a)
  
 
£  (b)
  
   
   
   3.
SEC Use Only
   
   
   4.
Citizenship or Place of Organization
Delaware
   
   
 
   5.
  Sole Voting Power
 
     
Number of
    
Shares Bene-
   6.
Shared Voting Power
264,919
ficially
    
Owned by Each
    
Reporting
   7.
Sole Dispositive Power
  
Person With:
    
     
 
   8.
Shared Dispositive Power
264,919
   
   
   9.
Aggregate Amount Beneficially Owned by Each Reporting Person
264,919
   
   10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
  
   
   11.
Percent of Class Represented by Amount in Row (9)
7.0%
   
   
   12.
Type of Reporting Person (See Instructions)
   
 
PN
   
 
(1) MFP Investors LLC is the general partner of MFP Partners, L.P.  Michael F. Price is the managing partner of MFP Partners, L.P. and the managing member and controlling person of MFP Investors LLC.
 
 
 

 
Page 2 of 7 pages

CUSIP No. 264142100
 
   
   1.
Names of Reporting Persons
 
 
MFP Investors LLC(1)
 
667 Madison Avenue, 25th Floor
New York, NY 10065
   
   
   2.
Check the Appropriate Box if a Member of a Group (See Instructions)
   
 
£  (a)
  
 
£  (b)
  
   
   
   3.
SEC Use Only
   
   
   4.
Citizenship or Place of Organization
Delaware
   
   
 
   5.
 Sole Voting Power
 
     
Number of
    
Shares Bene-
   6.
Shared Voting Power
264,919
ficially
    
Owned by Each
    
Reporting
   7.
Sole Dispositive Power
  
Person With:
    
     
 
   8.
Shared Dispositive Power
264,919
   
   
   9.
Aggregate Amount Beneficially Owned by Each Reporting Person
264,919
   
   10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
  
   
   11.
Percent of Class Represented by Amount in Row (9)
7.0%
   
   
   12.
Type of Reporting Person (See Instructions)
   
 
OO
   
 
(1)      MFP Investors LLC is the general partner of MFP Partners, L.P.  Michael F. Price is the managing partner of MFP Partners, L.P. and managing member and controlling person of MFP Investors LLC.
 
 
 
 

 
Page 3 of 7 pages

CUSIP No. 264142100
 
   
   1.
Names of Reporting Persons
 
 
Michael F. Price
c/o MFP Investors LLC
 
667 Madison Avenue, 25th Floor
New York, NY 10065
   
   
   2.
Check the Appropriate Box if a Member of a Group (See Instructions)
   
 
£  (a)
  
 
£  (b)
  
   
   
   3.
SEC Use Only
   
   
   4.
Citizenship or Place of Organization
Michael F. Price is a citizen of the United States of America
   
   
 
   5.
Sole Voting Power
  
     
Number of
    
Shares Bene-
   6.
Shared Voting Power
264,919
ficially
    
Owned by Each
    
Reporting
   7.
Sole Dispositive Power
  
Person With:
    
     
 
   8.
Shared Dispositive Power
264,919
   
   
   9.
Aggregate Amount Beneficially Owned by Each Reporting Person
264,919
   
   10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
  
   
   11.
Percent of Class Represented by Amount in Row (9)
7.0%
   
   
   12.
Type of Reporting Person (See Instructions)
   
 
IN
   
 
(1)      MFP Investors LLC is the general partner of MFP Partners, L.P.  Michael F. Price is the managing partner of MFP Partners, L.P. and managing member and controlling person of MFP Investors LLC.
 
 
 
 

 
Page 4 of 7 pages

CUSIP No. 264142100
   
Item 1.
  
     
 
(a)
Name of Issuer
     
   
Duckwall-ALCO Stores, Inc.
     
 
(b)
Address of Issuer's Principal Executive Offices
     
   
401 Cottage Street
   
Abilene, Kansas
     
Item 2.
    
     
 
(a)
Name of Person Filing
     
   
MFP Partners, L.P.
   
MFP Investors LLC
   
Michael F. Price
     
 
(b)
Address of Principal Business Office or, if none, Residence
     
   
667 Madison Avenue, 25th Floor
   
New York, NY 10065
     
 
 (c)
Citizenship
     
   
MFP Partners, L.P. and MFP Investors LLC are each organized under the laws of the state of Delaware.  Michael F. Price is a citizen of the United States of America.
     
 
(d)
Title of Class of Securities
     
   
Common Stock, par value $.0001 per share
     
 
(e)
CUSIP Number
     
   
264142100
     
Item 3.
If this statement is filed pursuant to §§240.13d-l(b) or 240.13d-2(b) or (c), check whether the person filing is a:
     
   
Not applicable.
     
Item 4.
Ownership
     
   
MFP Partners, L.P. has the shared power to vote 264,919 shares (7.0%) of the common stock of the issuer.  As the general partner of MFP Partners, L.P., MFP Investors LLC is deemed to own 264,919 shares (7.0%) of the common stock of the issuer.
     
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
     
   
MFP Investors LLC manages investments for several clients, including MFP Partners, L.P. which owns more than 5% of the common stock of the issuer.
     
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
     
   
Not applicable.
     
Item 8.
Identification and Classification of Members of the Group
     
   
Not applicable.
     
 
 
Page 5 of 7 pages
 
 
CUSIP No. 264142100
   
Item 9.
Notice of Dissolution of Group
     
   
Not applicable.
     
Item 10.
  
Certification
     
By signing below I certify that, to the best of my 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.

 
SIGNATURE

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.

   
 
February 12, 2010
 
Date
   
   
 
MFP Partners, L.P.
   
    /s/ Michael F. Price
 
Signature
   
 
Name:
Michael F. Price
     
 
Title:
Managing Partner
   
   
   
 
MFP Investors LLC
   
    /s/ Michael F. Price
 
Signature
   
 
Name:
Michael F. Price
     
 
Title:
Managing Member
   
   
   
 
MICHAEL F. PRICE
   
    /s/ Michael F. Price
 
Signature
   
 
Name:
Michael F. Price


Page 6 of 7 pages


CUSIP No. 264142100


JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13G) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the stock of the issuer, and that this Joint Filing Agreement may be included as an exhibit to such joint filing. This Joint Filing Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of the 12th day of February, 2010.

 
MFP Partners, L.P.
   
    /s/ Michael F. Price
 
Signature
   
 
Name:
Michael F. Price
     
 
Title:
Managing Partner
   
   
   
 
MFP Investors LLC
   
    /s/ Michael F. Price
 
Signature
   
 
Name:
Michael F. Price
     
 
Title:
Managing Member
   
   
   
 
MICHAEL F. PRICE
   
    /s/ Michael F. Price
 
Signature
   
 
Name:
Michael F. Price


 
Page 7 of 7 pages
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