0001144204-12-008132.txt : 20120214 0001144204-12-008132.hdr.sgml : 20120214 20120214085401 ACCESSION NUMBER: 0001144204-12-008132 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120214 DATE AS OF CHANGE: 20120214 EFFECTIVENESS DATE: 20120214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AEGIS FINANCIAL CORP CENTRAL INDEX KEY: 0001140753 IRS NUMBER: 541712996 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-10411 FILM NUMBER: 12602820 BUSINESS ADDRESS: STREET 1: 1100 NORTH GLEBE ROAD STREET 2: SUITE 1040 CITY: ARLINGTON STATE: VA ZIP: 22201-7788 BUSINESS PHONE: 7035287788 MAIL ADDRESS: STREET 1: 1100 NORTH GLEBE ROAD STREET 2: SUITE 1040 CITY: ARLINGTON STATE: VA ZIP: 22201-7788 FORMER COMPANY: FORMER CONFORMED NAME: BERNO GAMBAL & BARBEE INC DATE OF NAME CHANGE: 20010516 13F-HR 1 v302110_13fhr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2011 ----------------- Check here if Amendment [ ]; Amendment Number: ------- This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Aegis Financial Corporation -------------------------------------------------- Address: 1100 North Glebe Road, Suite 1040 -------------------------------------------------- Arlington, Virginia 22201 -------------------------------------------------- Form 13F File Number: 28-10411 -------- The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Scott L. Barbee ------------------------------------------------------- Title: President ------------------------------------------------------- Phone: (703) 528-7788 ------------------------------------------------------- Signature, Place, and Date of Signing: /s/ Scott L. Barbee Arlington, Virginia February 14, 2012 ---------------------- ----------------------- ----------------- [Signature] [City, State] [Date] Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 ------------- Form 13F Information Table Entry Total: 69 ------------- Form 13F Information Table Value Total: $187,686 ------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE AEGIS FINANCIAL CORPORATION FORM 13F INFORMATION TABLE 12-31-2011:
SHS OR TITLE OF VALUE PRN SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X$1000) AMT PRN CALL DSCRTN MGRS SOLE SHARED NONE ------------------------------ -------- --------- -------- --------- --- ---- -------- ----- --------- ------ ---- Adams Resources and Energy Inc. COM 006351308 $658 22,595 SH SOLE NONE 22,595 Air Castle Ltd. COM g0129k104 $10,728 843,363 SH SOLE NONE 843,363 Alliance One International Inc. COM 018772103 $10,813 3,975,228 SH SOLE NONE 3,975,228 Alliance One International Inc. NOTE 5.500% 5.500% Due 07-15-14 07-15-14 018772AQ6 $1,451 1,900,000 PRN SOLE NONE 1,900,000 American International Group Inc. Warrant *W EXP 01/19/202 026874156 $903 163,803 SH SOLE NONE 163,803 American Pacific Corp. COM 028740108 $5,294 693,802 SH SOLE NONE 693,802 American Safety Insurance COM G02995101 $9,754 448,466 SH SOLE NONE 448,466 Argo Group International Holdings Ltd. ORD G0464B107 $274 9,457 SH SOLE NONE 9,457 Aspen Insurance Holdings - Preferred Stock PFD PRP INC EQ g05384113 $1,151 21,394 SH SOLE NONE 21,394 Aspen Insurance Holdings Ltd. COM G05384105 $8,036 303,250 SH SOLE NONE 303,250 Audiovox Corporation Class A CL A 91829f104 $1,473 174,288 SH SOLE NONE 174,288 Baltic Trading Limited COM Y0553W103 $900 189,441 SH SOLE NONE 189,441 Bassett Furniture Industries COM 070203104 $9,013 1,203,343 SH SOLE NONE 1,203,343 Beazer Homes USA COM 07556Q105 $85 34,080 SH SOLE NONE 34,080 BKF Capital Group COM 05548G102 $70 63,176 SH SOLE NONE 63,176 Black Rock High Income Shares SHS BEN INT 09250E107 $46 21,000 SH SOLE NONE 21,000 Bofi Holdings Inc. COM 05566U108 $7,109 437,482 SH SOLE NONE 437,482 Bowl America Inc. - Class A CL A 102565108 $224 17,522 SH SOLE NONE 17,522 Brandywine Realty Trust SH BEN INT NEW 105368203 $617 64,900 SH SOLE NONE 64,900 BRT Realty Trust SH BEN INT NEW 055645303 $4,047 638,265 SH SOLE NONE 638,265 California First National Bank Corp. COM 130222102 $6,865 426,938 SH SOLE NONE 426,938 Century Casinos Inc. COM 156492100 $2,892 1,116,754 SH SOLE NONE 1,116,754 CommonWealth REIT COM SH BEN INT 203233101 $2,424 145,644 SH SOLE NONE 145,644 Core-Mark Hldgs COM 218681104 $5,280 133,328 SH SOLE NONE 133,328 CVR Energy Inc. COM 12662P108 $2,378 126,981 SH SOLE NONE 126,981 Delta Apparel Inc. COM 247368103 $9,731 509,764 SH SOLE NONE 509,764 Duckwall-ALCO COM 264142100 $2,781 333,048 SH SOLE NONE 333,048 Endeavour International COM NEW 29259G200 $608 70,011 SH SOLE NONE 70,011 Energy Partners Ltd. COM NEW 29270U303 $8,058 551,885 SH SOLE NONE 551,885 Ensco Plc. SPONSORED ADR 29358Q109 $1,699 36,204 SH SOLE NONE 36,204 Farmer Bros. Co COM 307675108 $926 121,209 SH SOLE NONE 121,209 First Federal Northern Michigan Bancorp. COM 32021X105 $102 35,640 SH SOLE NONE 35,640 Fisher Communications Inc. COM 337756209 $1,680 58,268 SH SOLE NONE 58,268 Frequency Electronics, Inc. COM 358010106 $2,039 266,181 SH SOLE NONE 266,181 Frisch's Restaurants, Inc. COM 358748101 $510 26,301 SH SOLE NONE 26,301 Genon Energy Inc. COM 37244e107 $2,636 1,010,075 SH SOLE NONE 1,010,075 Globus Maritime COM Y27265209 $850 286,242 SH SOLE NONE 286,242 GulfMark Offshore, Inc. CL A NEW 402629208 $1,701 40,483 SH SOLE NONE 40,483 Hardinge Inc. COM 412324303 $2,805 348,466 SH SOLE NONE 348,466 Homeowners Choice, Inc. COM 43741E103 $1,027 128,214 SH SOLE NONE 128,214 Hornbeck Offshore Service COM 440543106 $4,135 133,308 SH SOLE NONE 133,308 Horsehead Holdings COM 440694305 $1,143 126,867 SH SOLE NONE 126,867 Ingram Micro Inc. CL A 457153104 $6,401 351,900 SH SOLE NONE 351,900 Integrated Electrical Services, Inc. COM 45811E301 $279 145,501 SH SOLE NONE 145,501 J. Alexanders Corp. COM 466096104 $759 121,510 SH SOLE NONE 121,510 LTX-Credence Corporation COM NEW 502403207 $227 42,517 SH SOLE NONE 42,517 Lubys. Inc. COM 549282101 $1,447 320,903 SH SOLE NONE 320,903 Magnum Hunter Resources COM 55973b102 $3,569 662,100 SH SOLE NONE 662,100 Mitcham Industies, Inc. COM 606501104 $424 19,421 SH SOLE NONE 19,421 Noble Corp. NAMEN-AKT H5833N103 $1,759 58,196 SH SOLE NONE 58,196 Patriot Coal Corporation COM 70336t104 $3,346 395,000 SH SOLE NONE 395,000 PMC Commercial Trust SH BEN INT 693434102 $761 108,720 SH SOLE NONE 108,720 Republic Airways Holdings COM 760276105 $922 268,950 SH SOLE NONE 268,950 Sanmina-SCi Corp COM 800907206 $4,994 536,365 SH SOLE NONE 536,365 Sparton Corporation COM 847235108 $963 110,674 SH SOLE NONE 110,674 StarTek, Inc. COM 85569C107 $91 47,567 SH SOLE NONE 47,567 Superior Industries International Inc. COM 868168105 $3,041 183,833 SH SOLE NONE 183,833 SWS Group Inc. COM 78503N107 $2,594 377,513 SH SOLE NONE 377,513 Sypris Solutions Inc. COM 871655106 $2,309 581,530 SH SOLE NONE 581,530 Tandy Brands Accessories Inc. COM 875378101 $385 393,018 SH SOLE NONE 393,018 Tecumseh Products Company - Class A CL A 878895200 $1,527 324,807 SH SOLE NONE 324,807 Tecumseh Products Company - Class B CL B 878895101 $2,134 479,474 SH SOLE NONE 479,474 Tesoro Corp. COM 881609101 $6,419 274,787 SH SOLE NONE 274,787 Ultra Petrol Bahamas COM P94398107 $374 125,617 SH SOLE NONE 125,617 Unifi Inc. COM NEW 904677200 $580 76,273 SH SOLE NONE 76,273 Universal Stainless & Alloy Products Inc. COM 913837100 $983 26,299 SH SOLE NONE 26,299 Vestin Realty Mortgage I Inc. COM 925490104 $29 26,809 SH SOLE NONE 26,809 Western Refining Inc. COM 959319104 $1,314 98,850 SH SOLE NONE 98,850 White Mountains Insurance Group COM g9618e107 $5,142 11,339 SH SOLE NONE 11,339