-----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, O9jaXgMii9yKDJtVSDpd0x5wjS+LxFrm09QbNdKvuyfa3rzvo0TFu9LNObV0KUph zfXqAQ8WlSyQaKw00LkgsA== 0001214659-10-001266.txt : 20100504 0001214659-10-001266.hdr.sgml : 20100504 20100504105119 ACCESSION NUMBER: 0001214659-10-001266 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20100504 DATE AS OF CHANGE: 20100504 GROUP MEMBERS: JAMES T. VANASEK GROUP MEMBERS: JOINVILLE CAPITAL MANAGEMENT, LLC GROUP MEMBERS: PATRICK DONNELL NOONE GROUP MEMBERS: VN CAPITAL MANAGEMENT, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN LOCKER GROUP INC CENTRAL INDEX KEY: 0000008855 STANDARD INDUSTRIAL CLASSIFICATION: PARTITIONS, SHELVING, LOCKERS & OFFICE AND STORE FIXTURES [2540] IRS NUMBER: 160338330 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-18717 FILM NUMBER: 10795473 BUSINESS ADDRESS: STREET 1: 815 S MAIN STREET CITY: GRAPEVINE STATE: TX ZIP: 76051 BUSINESS PHONE: (817) 329-1600 MAIL ADDRESS: STREET 1: 815 S MAIN STREET CITY: GRAPEVINE STATE: TX ZIP: 76051 FORMER COMPANY: FORMER CONFORMED NAME: AVM CORP DATE OF NAME CHANGE: 19850520 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VN Capital Fund I, LP CENTRAL INDEX KEY: 0001321234 IRS NUMBER: 010578850 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 198 BRAODWAY, SUITE 406 CITY: NEW YORK STATE: NY ZIP: 10038 BUSINESS PHONE: (212) 393-1140 MAIL ADDRESS: STREET 1: 198 BRAODWAY, SUITE 406 CITY: NEW YORK STATE: NY ZIP: 10038 SC 13D/A 1 c53100sc13da2.txt AMENDMENT NO. 2 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Rule 13d-101) (Amendment No. 2) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) American Locker Group Incorporated ---------------------------------- (Name of Issuer) Common Stock ------------ (Title of Class of Securities) 027284108 --------- (CUSIP Number) Mr. James T. Vanasek & Mr. Patrick Donnell Noone c/o VN Capital Fund I, L.P. 1133 Broadway, Suite 1609 New York, N.Y. 10010 (212) 393-1140 -------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 26, 2010 ------------- (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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f), or 13d-1(g), check the following box: |_|. Page 1 of 10 SCHEDULE 13D CUSIP No. 027284108 - ------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON VN Capital Fund I, L.P. 01-0578850 - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS WC - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF 135,634 SHARES ----------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY none EACH ----------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON 135,634 WITH ----------------------------------------------------- 10) SHARED DISPOSITIVE POWER none - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 135,634 - -------------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.5% - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- 2 SCHEDULE 13D CUSIP No. 027284108 - ------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON VN Capital Management, LLC 01-0578848 - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS OO - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF 135,634 SHARES ----------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY none EACH ----------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON 135,634 WITH ----------------------------------------------------- 10) SHARED DISPOSITIVE POWER none - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 135,634 - -------------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.5% - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- 3 SCHEDULE 13D CUSIP No. 027284108 - ------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Joinville Capital Management, LLC 80-0031856 - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS OO - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF 135,634 SHARES ----------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY none EACH ----------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON 135,634 WITH ----------------------------------------------------- 10) SHARED DISPOSITIVE POWER none - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 135,634 - -------------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.5% - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- 4 CUSIP No. 027284108 - ------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON James T. Vanasek - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS OO - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF 142,513 SHARES ----------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY none EACH ----------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON 142,513 WITH ----------------------------------------------------- 10) SHARED DISPOSITIVE POWER none - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 142,513 - -------------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.0% - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- 5 CUSIP No. 027284108 - ------------------- 1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Patrick Donnell Noone - -------------------------------------------------------------------------------- 2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3) SEC USE ONLY - -------------------------------------------------------------------------------- 4) SOURCE OF FUNDS OO - ------------------------------------------------------------------------------ 5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |_| - -------------------------------------------------------------------------------- 6) CITIZENSHIP OR PLACE OF ORGANIZATION United States - -------------------------------------------------------------------------------- 7) SOLE VOTING POWER NUMBER OF 135,634 SHARES ----------------------------------------------------- BENEFICIALLY 8) SHARED VOTING POWER OWNED BY none EACH ----------------------------------------------------- REPORTING 9) SOLE DISPOSITIVE POWER PERSON 135,634 WITH ----------------------------------------------------- 10) SHARED DISPOSITIVE POWER none - ------------------------------------------------------------------------------ 11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 135,634 - -------------------------------------------------------------------------------- 12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.5% - -------------------------------------------------------------------------------- 14) TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- 6 This Amendment No. 2 amends and restates, except as set forth herein, the Schedule 13D filed with the Securities and Exchange Commission on March 28, 2005 (the "Statement"), by and on behalf of VN Capital Fund I, L.P and others with respect to the common stock, par value $1.00 per share, of American Locker Group, Inc., a Delaware corporation. Item 1. Security and Issuer. -------------------- This Statement relates to the common stock, par value $1.00 per share (the "Common Stock"), of American Locker Group Incorporated (the "Company"). The principal executive offices of the Company is located at 815 S. Main Street, Grapevine, Texas 76051. Item 2. Identity and Background. ------------------------ (a) - (c) This Statement is being filed by VN Capital Fund I, L.P., VN Capital Management, LLC, Joinville Capital Management, LLC, James T. Vanasek and Patrick Donnell Noone (each, a "Reporting Entity" and, collectively, the "Reporting Entities"). VN Capital Fund I, L.P. is a Delaware limited partnership formed to engage in the business of acquiring, holding and disposing of investments in various companies. The address of the principal offices of VN Capital Fund I, L.P. is 1133 Broadway, Suite 1609, New York, New York 10010. The general partners of VN Capital Fund I, L.P. are VN Capital Management, LLC and Joinville Capital Management, LLC. VN Capital Management, LLC and Joinville Capital Management, LLC are Delaware limited liability companies formed to be the general partners of VN Capital Fund I, L.P. The address of the principal offices of VN Capital Management, LLC and Joinville Capital Management, LLC are 1133 Broadway, Suite 1609, New York, New York 10010. James T. Vanasek and Patrick Donnell Noone are the Managing Members of VN Capital Management, LLC and Joinville Capital Management, LLC. The business address of Mr. Vanasek and Mr. Noone is c/o VN Capital Management, LLC 1133 Broadway, Suite 1609, New York, New York 10010. The Reporting Entities do not believe that certain of the foregoing information is called for by the Items of Schedule 13D and are disclosing it for supplemental informational purposes only. (d) - (e) During the last five years, neither the Reporting Entities nor any other person identified in response to this Item 2 was convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors) or 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. (f) Each natural person identified in Item 2 is a citizen of the United States. 7 Item 3. Source and Amount of Funds or Other Consideration. ------------------------------------------------- The information contained in Item 3 of the Statement is hereby supplemented as follows: Since the filing of the Statement, VN Capital Fund I, L.P. purchased an aggregate of 14,126 shares of Common Stock while James T. Vanasek purchased an aggregate amount of 6,579 shares of Common Stock for a combined total of 20,705 shares of Common Stock. The amount of funds expended for such purchases was approximately $41,914. All purchases of Common Stock referenced above were funded by working capital, which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business. In certain instances, the Reporting Entities do not believe that certain of the foregoing information is called for by the Items of Schedule 13D and are disclosing it for supplemental informational purposes only. Item 4. Purpose of Transaction. ---------------------- Each of the Reporting Entities acquired beneficial ownership of the shares of Common Stock to which this Statement relates in order to obtain a significant equity position in the Company, the Common Stock of which, in the opinion of the Reporting Entities, is significantly undervalued. Each of the Reporting Entities considers its equity position to be for investment purposes. As of April 15, 2010, Mr. Vanasek resigned from the Company's Board of Directors. A copy of his resignation letter is attached as an Exhibit in Item 7 listed below. Each of the Reporting Entities may acquire additional shares of the Company or sell or otherwise dispose of any or all of the shares of the Company beneficially owned by it. Each Reporting Entity may also take any other action with respect to the Company or any of its debt or equity securities in any manner permitted by law. Item 5. Interest in Securities of the Issuer. ------------------------------------ (a) As of the date hereof, of the 1,589,015 shares of Common Stock reported by the Company to be issued and outstanding as of March 30, 2010 in its Form 10-K filed with the SEC on March 31, 2010 (the "Outstanding Shares"): (i) Mr. Vanasek is the direct beneficial owner of 6,579 shares of Common Stock and the indirect beneficial owner of 135,934 shares of Common Stock, totaling 142,513 shares of Common Stock which represents approximately 9.0% of the Outstanding Shares; (ii) VN Capital Fund I, LP is the direct beneficial owner of 135,634 shares of Common Stock which represents approximately 8.5% of the Outstanding Shares; (iii) VN Capital Management and Joinville Capital Management, LLC are the indirect beneficial owners of 135,634 shares of Common Stock which represents approximately 8.5% of the Outstanding Shares; and (iv) Mr. Noone is the indirect beneficial owner of 135,634 shares of Common Stock which represents approximately 8.5% of the Outstanding Shares. (b) Each of the Reporting Entities is deemed to have sole voting and dispositive power over the shares of Common Stock reported as beneficially owned by virtue of their respective positions as described in paragraph (a). Each of the Reporting Entities are deemed to have sole voting and dispositive power with respect to the shares each beneficially owns, regardless of the fact that multiple Reporting Entities within the same chain of ownership are deemed to have sole voting and dispositive power with respect to such shares. Each such Reporting Entity reports sole voting and dispositive power with respect to such shares based on its relationship to the other Reporting Entities within the same chain of ownership. 8 The Reporting Entities do not believe that certain of the foregoing information is called for by the Items of Schedule 13D and are disclosing it for supplemental informational purposes only. (c) Except as set forth in Item 3 of this Statement and on Schedule A hereto, no person identified in Item 2 hereof has effected any transaction in shares of Common Stock during the 60 days preceding the filing of this Statement, or thereafter and prior to the date hereof. (d) Not applicable. (e) Not applicable. Item 6. Contracts, Arrangements, Understanding or Relationships With Respect to Securities of the Issuer. -------------------------------- None. Item 7. Material to be Filed as Exhibits. -------------------------------- James T. Vanasek's letter dated April 15, 2010 in which he resigns from the American Locker Group Board of Directors. 9 SIGNATURES ---------- After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certify that the information set forth in this Statement is true, complete and correct. Dated: May 2, 2010 VN Capital Fund I, L.P. By: VN Capital Management, LLC, its general partner By: /s/ James T. Vanasek ------------------------------------ Name: James T. Vanasek Title: Managing Member VN Capital Management, LLC By: /s/ James T. Vanasek ------------------------------------ Name: James T. Vanasek Title: Managing Member Joinville Capital Management, LLC By: /s/ James T. Vanasek ------------------------------------ Name: James T. Vanasek Title: Managing Member /s/ James T. Vanasek ------------------------------------ James T. Vanasek /s/ Patrick Donnell Noone ------------------------------------ Patrick Donnell Noone 10 EX-99 2 exa.txt SCHEDULE A SCHEDULE A This schedule sets forth information with respect to each purchase of Common Stock which was effectuated by VN Capital Fund I, L.P. and Mr. Vanasek since the filing of the Statement. All transactions were effectuated in the open market through a broker. Number of Date Shares Price Per Share (1) - ---- --------- --------------- 03/31/06 154 $0.00 (2) 06/30/06 150 $0.00 (2) 09/30/06 168 $0.00 (2) 12/31/06 172 $0.00 (2) 03/27/08 1,000 $0.00 (3) 11/14/08 1,200 $1.37 11/19/08 120 $1.13 12/01/08 2,500 $0.97 02/18/10 4,000 $1.91 03/12/10 6,306 $1.99 04/26/10 4,935 $0.00 (4) (1) Excludes commissions and other execution-related costs. (2) Represents payment for a portion of director fees owed by American Locker Group, Inc. to Mr. Vanasek for the respective quarter. (3) Represents payment of director fees owed by American Locker Group, Inc. to Mr. Vanasek. (4) Represents payment of director fees owed by American Locker Group, Inc. to Mr. Vanasek for the quarters ending September 30, 2009, December 31, 2009 and March 31, 2009. EX-99.1 3 ex99_1.txt Exhibit 99.1 VN Capital Management, LLC 1133 Broadway, Suite 1609 New York, NY 10010 Phone: (212) 393-1140 Fax: (212) 393-1148 www.vncapital.net April 15, 2010 Mr. John E. Harris Chairman of the Board of Directors American Locker Group, Inc. 815 South Main Street Grapevine, TX 76051 Mr. Chairman, As of the date of this letter, I hereby resign my seat on the Board of Directors for American Locker Group, Inc. ("American Locker" or the "Company"). It has been a pleasure serving with you on the Board of Directors since 2005 and under your astute chairmanship since 2008. As the company's largest shareholder, I was happy to step in and help the company withstand the loss of the USPS contract, update its financial reporting and internal controls, transition management from Ed Ruttenberg to Allen Tilley and Paul Zaidins, and restructure its operations to survive the recent financial crisis so that the Company can thrive for many years to come. During that time, my only concern was that American Locker operate in the best interest of all its shareholders, and not just for the benefit of the Ruttenberg family and its friends. With that work done, I think it is appropriate at this time for me to step off the Board. I will, however, remain a vigilant investor to ensure that American Locker continues to be run in that manner and I will always be available to assist the Company in any way you and the rest of the Board deem helpful. Sincerely, /s/ James T. Vanasek James T. Vanasek Principal VN Capital Management, LLC -----END PRIVACY-ENHANCED MESSAGE-----