0001193125-12-391087.txt : 20120913 0001193125-12-391087.hdr.sgml : 20120913 20120913170001 ACCESSION NUMBER: 0001193125-12-391087 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120913 DATE AS OF CHANGE: 20120913 GROUP MEMBERS: ADAM GRAY GROUP MEMBERS: BLACKWELL PARTNERS, LLC GROUP MEMBERS: CHRISTOPHER SHACKELTON GROUP MEMBERS: COLISEUM CAPITAL PARTNERS, L.P. GROUP MEMBERS: COLISEUM CAPITAL, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PROVIDENCE SERVICE CORP CENTRAL INDEX KEY: 0001220754 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-SOCIAL SERVICES [8300] IRS NUMBER: 860845127 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79536 FILM NUMBER: 121090641 BUSINESS ADDRESS: STREET 1: 64 EAST BROADWAY BLVD. CITY: TUSCON STATE: AZ ZIP: 85701 BUSINESS PHONE: 520-747-6600 MAIL ADDRESS: STREET 1: 64 EAST BROADWAY BLVD. CITY: TUSCON STATE: AZ ZIP: 85701 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Coliseum Capital Management, LLC CENTRAL INDEX KEY: 0001409751 IRS NUMBER: 223918079 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: METRO CENTER STREET 2: 1 STATION PLACE, 7TH FLOOR SOUTH CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: 203-883-0100 MAIL ADDRESS: STREET 1: METRO CENTER STREET 2: 1 STATION PLACE, 7TH FLOOR SOUTH CITY: STAMFORD STATE: CT ZIP: 06902 SC 13D/A 1 d411991dsc13da.htm SCHEDULE 13D AMENDMENT NO. 2 Schedule 13D Amendment No. 2

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

 

 

The Providence Service Corporation

(Name of Issuer)

 

 

 

Common Stock, Par Value $0.001 Per Share

(Title of Class of Securities)

 

743815102

(CUSIP Number)

 

Christopher Shackelton/Adam Gray

Metro Center

1 Station Place, 7th Floor South

Stamford, CT 06902

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

September 12, 2012

(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 sections 240.13d-1(e), 240.13d-1(f) or 140.13d-1(g), check the following box.  ¨

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 10


CUSIP No. 743815102 (Common Stock)

 

 

  1.   

Names of Reporting Persons.

 

Coliseum Capital Management, LLC

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨        (b)  x

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

AF

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    ¨

 

  6.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each Reporting

Person

With

     7.    

Sole Voting Power

 

0

     8.   

Shared Voting Power

 

2,100,556

     9.   

Sole Dispositive Power

 

0

   10.   

Shared Dispositive Power

 

2,100,556

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,100,556

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ¨

 

13.

 

Percent of Class Represented by Amount in Row (11)

 

16.1%

14.

 

Type of Reporting Person (See Instructions)

 

IA

 

 

Page 2 of 10


CUSIP No. 743815102 (Common Stock)

 

 

  1.   

Names of Reporting Persons.

 

Coliseum Capital, LLC

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨        (b)  x

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

AF

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    ¨

 

  6.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each Reporting

Person

With

     7.    

Sole Voting Power

 

0

     8.   

Shared Voting Power

 

1,377,331

     9.   

Sole Dispositive Power

 

0

   10.   

Shared Dispositive Power

 

1,377,331

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,377,331

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ¨

 

13.

 

Percent of Class Represented by Amount in Row (11)

 

10.5%

14.

 

Type of Reporting Person (See Instructions)

 

OO

 

 

Page 3 of 10


CUSIP No. 743815102 (Common Stock)

 

 

  1.   

Names of Reporting Persons.

 

Coliseum Capital Partners, L.P.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨        (b)  x

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

WC

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    ¨

 

  6.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each Reporting

Person

With

     7.    

Sole Voting Power

 

0

     8.   

Shared Voting Power

 

1,377,331

     9.   

Sole Dispositive Power

 

0

   10.   

Shared Dispositive Power

 

1,377,331

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,377,331

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ¨

 

13.

 

Percent of Class Represented by Amount in Row (11)

 

10.5%

14.

 

Type of Reporting Person (See Instructions)

 

PN

 

 

Page 4 of 10


CUSIP No. 743815102 (Common Stock)

 

 

  1.   

Names of Reporting Persons.

 

Blackwell Partners, LLC

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨        (b)  x

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

WC

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    ¨

 

  6.  

Citizenship or Place of Organization

 

Georgia

Number of

Shares

Beneficially

Owned by

Each Reporting

Person

With

     7.    

Sole Voting Power

 

0

     8.   

Shared Voting Power

 

723,225

     9.   

Sole Dispositive Power

 

0

   10.   

Shared Dispositive Power

 

723,225

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

723,225

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ¨

 

13.

 

Percent of Class Represented by Amount in Row (11)

 

5.5%

14.

 

Type of Reporting Person (See Instructions)

 

OO

 

 

Page 5 of 10


CUSIP No. 743815102 (Common Stock)

 

 

  1.   

Names of Reporting Persons.

 

Adam Gray

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨        (b)  x

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

AF

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    ¨

 

  6.  

Citizenship or Place of Organization

 

United States

Number of

Shares

Beneficially

Owned by

Each Reporting

Person

With

     7.    

Sole Voting Power

 

0

     8.   

Shared Voting Power

 

2,100,556

     9.   

Sole Dispositive Power

 

0

   10.   

Shared Dispositive Power

 

2,100,556

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,100,556

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ¨

 

13.

 

Percent of Class Represented by Amount in Row (11)

 

16.1%

14.

 

Type of Reporting Person (See Instructions)

 

IN

 

 

Page 6 of 10


CUSIP No. 743815102 (Common Stock)

 

 

  1.   

Names of Reporting Persons.

 

Christopher Shackelton

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ¨        (b)  x

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

AF

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)    ¨

 

  6.  

Citizenship or Place of Organization

 

United States

Number of

Shares

Beneficially

Owned by

Each Reporting

Person

With

     7.    

Sole Voting Power

 

0

     8.   

Shared Voting Power

 

2,100,556

     9.   

Sole Dispositive Power

 

0

   10.   

Shared Dispositive Power

 

2,100,556

11.

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,100,556

12.

 

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)    ¨

 

13.

 

Percent of Class Represented by Amount in Row (11)

 

16.1%

14.

 

Type of Reporting Person (See Instructions)

 

IN

 

 

Page 7 of 10


CUSIP No. 743815102 (Common Stock)

 

Explanatory Note: This Amendment No. 2 (this “Amendment”), to the Schedule 13D (the “Initial 13D”) filed by the Filers (as defined below in Item 2) with the U.S. Securities and Exchange Commission (the “Commission”) on July 30, 2012, as amended and supplemented by Amendment No. 1 to the Initial 13D filed on August 20, 2012, amends and supplements the items set forth herein. As used in this statement, the term “Filers” collectively refers to:

 

   

Coliseum Capital Management, LLC, a Delaware limited liability company (“CCM”);

 

   

Coliseum Capital, LLC, a Delaware limited liability company (“CC”);

 

   

Coliseum Capital Partners, L.P., a Delaware limited partnership (“CCP”);

 

   

Blackwell Partners, LLC, a Georgia limited liability company (“Blackwell”);

 

   

Adam Gray (“Gray”); and

 

   

Christopher Shackelton (“Shackelton”).

Item 1. Security and Issuer.

Item 1 is amended and restated in its entirety as follows.

The title of the class of equity securities to which this statement relates to is the Common Stock, $0.001 par value per share (the “Common Stock”) of The Providence Service Corporation, a Delaware corporation (the “Issuer”). The principal executive offices of the Issuer are located at 64 East Broadway Blvd, Tucson, Arizona 85701.

Item 3. Source and Amount of Funds or Other Consideration.

Item 3 is supplemented as follows:

The source and amount of funds used in purchasing the Common Stock described in Item 5 were as follows:

 

Purchaser

  

Source of Funds

  

Amount

 

CCP

   Working Capital    $ 2,169,521   

Blackwell

   Working Capital    $ 429,277   

Item 5. Interest in Securities of the Issuer.

Item 5 is amended and supplemented as follows:

The information relating to the beneficial ownership of Common Stock by each of the Filers set forth in Rows 7 through 13 of the cover pages hereto is incorporated herein by reference. The percentages set forth in Row 13 for all cover pages filed herewith are calculated based upon 13,087,550 shares of Common Stock outstanding as of August 6, 2012, as reported in the Issuer’s Quarterly Report on Form 10-Q filed on August 9, 2012.

 

Page 8 of 10


CUSIP No. 743815102 (Common Stock)

 

The Filers effected the following transactions in the Common Stock in open market transactions on the dates indicated, and such transactions are the only transactions in the Common Stock by the Filers since the filing of Amendment No. 1:

 

Name

  

Purchase or Sale

  

Date

    

Number of Shares

    

Weighted

Average Price

Per Share

 

CCP

   Purchase      8/23/2012         18,762       $ 11.47   

CCP

   Purchase      8/24/2012         1,780       $ 11.49   

CCP

   Purchase      8/27/2012         22,513       $ 11.35   

CCP

   Purchase      9/10/2012         29,957       $ 12.08   

CCP

   Purchase      9/11/2012         5,100       $ 12.32   

CCP

   Purchase      9/12/2012         98,749       $ 12.69   

Blackwell

   Purchase      8/23/2012         10,768       $ 11.47   

Blackwell

   Purchase      8/24/2012         1,020       $ 11.49   

Blackwell

   Purchase      8/27/2012         12,900       $ 11.35   

Blackwell

   Purchase      9/10/2012         12,220       $ 12.08   

The information in Item 6 is incorporated herein by reference.

Item 6. Contracts, Arrangement, Understandings or Relationships with Respect to Securities of the Issuer.

CCM is an investment adviser whose clients, including CCP and Blackwell, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock. CC is the general partner of CCP. Gray and Shackelton are the managers of CC and CCM.

 

Page 9 of 10


CUSIP No. 743815102 (Common Stock)

 

SIGNATURES

After reasonable inquiry and to the best of my knowledge, I certify that the information set forth in this statement is true, complete and correct.

Dated: September 13, 2012

 

COLISEUM CAPITAL MANAGEMENT, LLC     BLACKWELL PARTNERS, LLC
    By:   Coliseum Capital Management, LLC, Attorney-in-fact
By:  

/s/ Christopher Shackelton

    By:  

/s/ Adam Gray

  Christopher Shackelton, Manager       Adam Gray, Manager
COLISEUM CAPITAL PARTNERS, L.P.     CHRISTOPHER SHACKELTON
By:   Coliseum Capital, LLC, General Partner    
By:  

/s/ Adam Gray

   

/s/ Christopher Shackelton

  Adam Gray, Manager     Christopher Shackelton
COLISEUM CAPITAL, LLC     ADAM GRAY
By:  

/s/ Adam Gray

   

/s/ Adam Gray

  Adam Gray, Manager     Adam Gray

 

Page 10 of 10