-----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, HyseqBdPXPE0glqTtC/FuIC/iqhK4FLIFm3zUuKIqwDYfZ1Zh8QrQDiTBhQA4qWN /dA66bOP8Nr2r+rGsFsabQ== 0001140361-09-019055.txt : 20090814 0001140361-09-019055.hdr.sgml : 20090814 20090814162924 ACCESSION NUMBER: 0001140361-09-019055 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20090814 DATE AS OF CHANGE: 20090814 GROUP MEMBERS: SILVER CREEK SAV, L.L.C. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HALLMARK FINANCIAL SERVICES INC CENTRAL INDEX KEY: 0000819913 STANDARD INDUSTRIAL CLASSIFICATION: INSURANCE CARRIERS, NEC [6399] IRS NUMBER: 870447375 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-39686 FILM NUMBER: 091016279 BUSINESS ADDRESS: STREET 1: 777 MAIN STREET, SUITE 1000 CITY: FORT WORTH STATE: TX ZIP: 76102 BUSINESS PHONE: 8173481600 MAIL ADDRESS: STREET 1: 777 MAIN STREET STREET 2: STE 1000 CITY: FORT WORTH STATE: TX ZIP: 76102 FORMER COMPANY: FORMER CONFORMED NAME: ACOI INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN CREDIT OPTICAL INC /DE/ DATE OF NAME CHANGE: 19910611 FORMER COMPANY: FORMER CONFORMED NAME: PYRAMID GROWTH INC DATE OF NAME CHANGE: 19890124 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SILVER CREEK CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001394542 IRS NUMBER: 911997788 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1301 FIFTH AVENUE STREET 2: 40TH FLOOR CITY: SEATTLE STATE: WA ZIP: 98101 BUSINESS PHONE: 206-774-6000 MAIL ADDRESS: STREET 1: 1301 FIFTH AVENUE STREET 2: 40TH FLOOR CITY: SEATTLE STATE: WA ZIP: 98101 SC 13G/A 1 doc1.htm Schedule 13G

United States
Securities and Exchange Commission
Washington, D.C. 20549

Schedule 13G

Under the Securities Exchange Act of 1934
(Amendment No. 01)*

OMB Number
3235-0145
HALLMARK FINANCIAL SERVICES INC
(Name of Issuer)
Common Stock, par value $0.18 per share
(Title of Class of Securities)
40624Q203
(CUSIP Number)
A ugust 13, 2009
(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

  Rule 13d-1(b)
√ Rule 13d-1(c)
  Rule 13d-1(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).

CUSIP No.

  1. Names of Reporting Persons.
    I.R.S. Identification Nos. of above persons (entities only).

    SILVER CREEK CAPITAL MANAGEMENT LLC

  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    1.  
    2. √
  3. SEC Use Only
  4. Citizenship or Place of Organization

    Washington

Number of Shares Beneficially Owned by Each Reporting Person With:

  1. Sole Voting Power

    None

  2. Shared Voting Power

    1,173,219 Common Shares

  3. Sole Dispositive Power

    None

  4. Shared Dispositive Power

    1,173,219 Common Shares

  1. Aggregate Amount Beneficially Owned by Each Reporting Person

    1,173,219 Common Shares

  2. Check if the Aggregate Amount in Row 9 Excludes Certain Shares (See Instructions)    
  3. Percent of Class Represented by Amount in Row 9

    5.62%

  4. Type of Reporting Person (See Instructions)

    IA

Footnotes:

This Schedule 13G is being filed pursuant to Rule 13d-1(c) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), on behalf of Silver Creek Capital Management LLC, a Washington limited liability company
(the "Management Company") and Silver Creek SAV, L.L.C., a Delaware limited liability company (the "Fund") (the Fund and Management Company, each a "Reporting Person"). The Management Company is the managing
member of the Fund and serves as its adviser. The Management Company is also the investment manager or adviser to a variety of other private investment funds not including the Fund. This Schedule 13G relates to the Common
Stock, par value $0.18 per share, of Hallmark Financial Services, Inc. (the "Company"). Unless the context otherwise requires, references herein to the "Common Stock" are to such Common Stock of the Company. The Fund directly owns the Common Stock to which this Schedule 13G relates, and the Reporting Person may be deemed to have beneficial ownership over such Common Stock by virtue of the authority granted to them by the
Fund to vote and to dispose of the securities held by the Fund, including the Common Stock.

CUSIP No.

  1. Names of Reporting Persons.
    I.R.S. Identification Nos. of above persons (entities only).

    Silver Creek SAV, L.L.C.

  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    1.  
    2. √
  3. SEC Use Only
  4. Citizenship or Place of Organization

    Delaware

Number of Shares Beneficially Owned by Each Reporting Person With:

  1. Sole Voting Power

    None

  2. Shared Voting Power

    1,173,219 Common Shares

  3. Sole Dispositive Power

    None

  4. Shared Dispositive Power

    1,173,219 Common Shares

  1. Aggregate Amount Beneficially Owned by Each Reporting Person

    1,173,219 Common Shares

  2. Check if the Aggregate Amount in Row 9 Excludes Certain Shares (See Instructions)    
  3. Percent of Class Represented by Amount in Row 9

    5.62%

  4. Type of Reporting Person (See Instructions)

    OO

Footnotes:

Please refer to footnote above for Silver Creek Capital Management LLC.

 

Item 1.

  1. Name of Issuer

    Hallmark Financial Services, Inc.

  2. Address of Issuer's Principal Executive Offices

    777 Main Street, Suite 100
    Fort Worth, Texas 76102

Item 2.

  1. Name of Person Filing

    Silver Creek Capital Management LLC and Silver Creek SAV, L.L.C.

  2. Address of Principal Business Office or, if None, Residence

    1301 Fifth Avenue, 40th Floor
    Seattle, Washington 98101

  3. Citizenship

    Silver Creek Capital Management LLC: Washington; Silver Creek SAV, L.L.C.: Delaware.

  4. Title of Class of Securities

    Hallmark Financial Services Inc Common Stock

  5. CUSIP Number

    40624Q203

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

  1.    Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
  2.    Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
  3.    Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
  4.    Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
  5.    An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
  6.    An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
  7.    A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
  8.    A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
  9.    A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
  10.    Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Item 4. Ownership

  1. Amount beneficially owned:

    1,173,219 Common Stock

  2. Percent of class:

    5.62%

  3. Number of shares as to which the person has:
    1. Sole power to vote or to direct the vote:

      None

    2. Shared power to vote or to direct the vote:

      1,173,219 Common Stock

    3. Sole power to dispose or to direct the disposition of:

      None

    4. Shared power to dispose or to direct the disposition of:

      1,173,219 Common Stock

Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following    .

Not applicable

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Please refer to footnote above for Silver Creek Capital Management LLC.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

Not applicable

Item 8. Identification and Classification of Members of the Group

Exhibit 1: Joint Filing Agreement, dated as of July 10, 2009, by and between the Reporting Persons.

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.

August 14, 2009
Date
Silver Creek Capital Management LLC
/s/ Eric E. Dillon
Signature
Eric E. Dillon
Manager
Name / Title
Silver Creek SAV, L.L.C., by its manager Silver Creek Capital Management LLC
/s/ Eric E. Dillon
Signature
Eric E. Dillon
Manager
Name / Title

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 for whom copies are to be sent.

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

EX-1.1 2 misc1.htm MISCELLANEOUS EXHIBITS Unassociated Document
Exhibit 1

JOINT FILING AGREEMENT FOR SCHEDULE 13D WITH RESPECT TO
HALLMARK FINANCIAL SERVICES, INC.
PURSUANT TO RULE 13d-1(k)(1)

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that it knows or has reason to believe that such information is inaccurate. This Agreement may be executed in any number of counterparts and all of such counterparts taken together shall constitute one and the same instrument.

Dated: July 10, 2009


SILVER CREEK CAPITAL MANAGEMENT LLC

By: /s/ Eric E. Dillon
  
Name:
Eric E. Dillon
  
Title:
Manager
  
     
     
SILVER CREEK SAV, L.L.C.
     
By: /s/ Eric E. Dillon
  
Name:
Eric E. Dillon
  
Title:
Manager, Silver Creek Capital Management LLC, its Manager

 
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