0000921895-14-000161.txt : 20140207 0000921895-14-000161.hdr.sgml : 20140207 20140207170021 ACCESSION NUMBER: 0000921895-14-000161 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20140207 DATE AS OF CHANGE: 20140207 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: STR HOLDINGS, INC. CENTRAL INDEX KEY: 0001473597 STANDARD INDUSTRIAL CLASSIFICATION: UNSUPPORTED PLASTICS FILM & SHEET [3081] IRS NUMBER: 271023344 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-85108 FILM NUMBER: 14585113 BUSINESS ADDRESS: STREET 1: 1699 KING STREET CITY: ENFIELD STATE: CT ZIP: 06082 BUSINESS PHONE: 860-758-7300 MAIL ADDRESS: STREET 1: 1699 KING STREET CITY: ENFIELD STATE: CT ZIP: 06082 FORMER COMPANY: FORMER CONFORMED NAME: STR Holdings, Inc. DATE OF NAME CHANGE: 20091106 FORMER COMPANY: FORMER CONFORMED NAME: STR Holdings (New) LLC DATE OF NAME CHANGE: 20091001 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Riley Investment Management LLC CENTRAL INDEX KEY: 0001345523 IRS NUMBER: 954799549 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 11100 SANTA MONICA BLVD. STREET 2: SUITE 810 CITY: LOS ANGELES STATE: CA ZIP: 90025 BUSINESS PHONE: 310-966-1444 MAIL ADDRESS: STREET 1: 11100 SANTA MONICA BLVD. STREET 2: SUITE 810 CITY: LOS ANGELES STATE: CA ZIP: 90025 SC 13G 1 sc13g07824007_01312014.htm sc13g07824007_01312014.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G
(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
 
(Amendment No.   )1
 

STR Holdings, Inc.
 (Name of Issuer)
 
Common Stock, $0.01 par value
 (Title of Class of Securities)
 
78478V100
 (CUSIP Number)
 
January 31, 2014
 (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-1(b)
 
   x  Rule 13d-1(c)
 
   o  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. 78478V100
 
 
1
NAME OF REPORTING PERSON
 
Riley Investment Partners, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) o
  (b) x
3
SEC USE ONLY
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
- 0 -
6
SHARED VOTING POWER
 
407,202
7
SOLE DISPOSITIVE POWER
 
- 0 -
8
SHARED DISPOSITIVE POWER
 
407,202
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
407,202
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
¨
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
1.0%
12
TYPE OF REPORTING PERSON
 
PN

 
2

 
CUSIP NO. 78478V100
 
1
NAME OF REPORTING PERSON
 
Riley Investment Management, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) o
  (b) x
3
SEC USE ONLY
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
- 0 -
6
SHARED VOTING POWER
 
407,202
7
SOLE DISPOSITIVE POWER
 
- 0 -
8
SHARED DISPOSITIVE POWER
 
407,202
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
407,202
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
¨
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
1.0%
12
TYPE OF REPORTING PERSON
 
IA

 
3

 
CUSIP NO. 78478V100
 
1
NAME OF REPORTING PERSON
 
B. Riley & Co., LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) o
  (b) x
3
SEC USE ONLY
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
- 0 -
6
SHARED VOTING POWER
 
400,026
7
SOLE DISPOSITIVE POWER
 
- 0 -
8
SHARED DISPOSITIVE POWER
 
400,026
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
400,026
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
¨
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
1.0%
12
TYPE OF REPORTING PERSON
 
BD

 
4

 
CUSIP NO. 78478V100
 
1
NAME OF REPORTING PERSON
 
Bryant R. Riley
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) o
  (b) x
3
SEC USE ONLY
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
1,510,110
6
SHARED VOTING POWER
 
807,228
7
SOLE DISPOSITIVE POWER
 
1,510,110
8
SHARED DISPOSITIVE POWER
 
807,228
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,317,338
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
¨
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
5.5%
12
TYPE OF REPORTING PERSON
 
IN

 
5

 
CUSIP NO. 78478V100
 
1
NAME OF REPORTING PERSON
 
Equitec Proprietary Markets, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) o
  (b) x
3
SEC USE ONLY
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
IL
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
1,125,000
6
SHARED VOTING POWER
 
- 0 -
7
SOLE DISPOSITIVE POWER
 
1,125,000
8
SHARED DISPOSITIVE POWER
 
- 0 -
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,125,000
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
¨
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
2.7%
12
TYPE OF REPORTING PERSON
 
BD

 
6

 
CUSIP NO. 78478V100
 
Item 1(a).
Name of Issuer:

STR Holdings, Inc., a Delaware corporation (the “Issuer”).

Item 1(b).
Address of Issuer’s Principal Executive Offices:

18 Craftsman Road
East Windsor, CT 06088

Item 2(a).
Name of Person Filing:

Riley Investment Partners, L.P., a Delaware limited partnership (“RIP”)
Riley Investment Management, LLC, a Delaware limited liability company (“RIM”)
B. Riley & Co., LLC, a Delaware limited liability company (“BRC”)
Bryant R. Riley (“Mr. Riley”)
Equitec Proprietary Markets, LLC, an Illinois limited liability company (“Equitec”).

Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.”

Item 2(b).
Address of Principal Business Office or, if None, Residence:

The principal business address of each of RIP, RIM, BRC and Mr. Riley is:
11100 Santa Monica Blvd. Suite 800
Los Angeles, CA 90025
 
The principal business address of Equitec is:
111 W. Jackson Blvd., 20th Floor
Chicago, IL 60604

Item 2(c).
Citizenship:

The citizenship of each of RIP, RIM, and BRC is Delaware.
The citizenship of Mr. Riley is the United States.
The citizenship of Equitec is Illinois.

Item 2(d).
Title of Class of Securities:

Common Stock, par value $0.01 (the “Common Stock”)

Item 2(e).
CUSIP Number:

78478V100

Item 3.
If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:
 
 
/x/
Not applicable.

 
(a)
/ /
Broker or dealer registered under Section 15 of the Exchange Act.

 
(b)
/ /
Bank as defined in Section 3(a)(6) of the Exchange Act.

 
(c)
/ /
Insurance company as defined in Section 3(a)(19) of the Exchange Act.

 
(d)
/ /
Investment company registered under Section 8 of the Investment Company Act.
 
 
7

 
CUSIP NO. 78478V100
 
 
(e)
/ /
An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).

 
(f)
/ /
An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).

 
(g)
/ /
A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G).

 
(h)
/ /
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.

 
(i)
/ /
A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act.

 
(j)
/ /
Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

 
(k)
/ /
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____
 
Item 4.
Ownership

 
(a)
Amount beneficially owned:

As of the close of business on February 7, 2014, RIP beneficially owned 407,202 shares of Common Stock.  RIM, as the investment advisor and general partner of RIP, may be deemed to beneficially own the 407,202 shares of Common Stock directly owned by RIP.  Mr. Riley, as the Managing Member of RIP, may be deemed to beneficially own the 407,202 shares of Common Stock directly owned by RIP.

As of the close of business on February 7, 2014, BRC beneficially owned 400,026 shares of Common Stock.  Mr. Riley, as the Chairman of BRC, may be deemed to beneficially own the 400,026 shares of Common Stock directly owned by BRC.

As of the close of business on February 7, 2014, Mr. Riley beneficially owned jointly with his wife 1,510,110 shares of Common Stock.  By virtue of his relationships with RIP and BRC discussed above, Mr. Riley may also be deemed to beneficially own the 407,202 shares of Common Stock beneficially owned by RIP and the 400,026 shares of Common Stock beneficially owned by BRC.

As of the close of business on February 7, 2014, Equitec beneficially owned 1,125,000 shares of Common Stock.

The foregoing should not be construed as an admission by any Reporting Person as to beneficial ownership of any shares of Common Stock owned by another Reporting Person.  Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock that are not directly owned by such Reporting Person, except to the extent of their pecuniary interest therein.
 
 
8

 
CUSIP NO. 78478V100

 
(b)
Percent of class:

The following percentages are based on 41,886,915 shares of Common Stock outstanding which is the total number of shares of Common Stock outstanding as of December 31, 2013, as reported in the Issuer’s Schedule TO filed with the Securities and Exchange Commission on January 31, 2014.

As of the close of business on February 7, 2014, RIP directly owned approximately 1.0% of the outstanding shares of Common Stock.  By virtue of their relationships described above in Item 4(a), each of RIM and Mr. Riley may be deemed to beneficially own approximately 1.0% of the outstanding shares of Common Stock, which are directly owned by RIP.

As of the close of business on February 7, 2014, BRC directly owned approximately 1.0% of the outstanding shares of Common Stock.   By virtue of his relationship described above in Item 4(a), Mr. Riley may be deemed to beneficially own approximately 1.0% of the outstanding shares of Common Stock, which are directly owned by BRC.

As of the close of business on February 7, 2014, Mr. Riley directly owned jointly with his wife approximately 3.6% of the outstanding shares of Common Stock.  By virtue of his relationships with RIP and BRC described above in Item 4(a), Mr. Riley may be deemed to beneficially own approximately 1.0% of the outstanding shares of Common Stock, which are directly owned by RIP, and approximately 1.0% of the outstanding shares of Common Stock, which are directly owned by BRC.

As of the close of business on February 7, 2014, Equitec directly owned approximately 2.7% of the outstanding shares of Common Stock.

 
(c)
Number of shares as to which such person has:

 
(i)
Sole power to vote or to direct the vote

See Cover Pages Items 5-9.

 
(ii)
Shared power to vote or to direct the vote

See Cover Pages Items 5-9.

 
(iii)
Sole power to dispose or to direct the disposition of

See Cover Pages Items 5-9.

 
(iv)
Shared power to dispose or to direct the disposition of

See Cover Pages Items 5-9.

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.

Not Applicable.
 
 
9

 
CUSIP NO. 78478V100

Item 7.
Identification and Classification of the Subsidiary That 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.

See Exhibit 99.1.

Item 9.
Notice of Dissolution of Group.

Not Applicable.

Item 10.
Certifications.

By signing below each of the undersigned certifies that, to the best of its 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.
 
 
10

 
CUSIP NO. 78478V100

SIGNATURE

After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: February 7, 2014
RILEY INVESTMENT PARTNERS, L.P.
   
 
By:
Riley Investment Management, LLC,
   
its General Partner
   
 
By:
/s/ Bryant R. Riley
 
Name:
Bryant R. Riley
 
Title:
Managing Member


 
RILEY INVESTMENT MANAGEMENT, LLC
   
 
By:
/s/ Bryant R. Riley
 
Name:
Bryant R. Riley
 
Title:
Managing Member


 
B. RILEY & CO., LLC
   
 
By:
/s/ Bryant R. Riley
 
Name:
Bryant R. Riley
 
Title:
Chairman


 
/s/ Bryant R. Riley
 
BRYANT R. RILEY
 

 
EQUITEC PROPRIETARY MARKETS, LLC
   
 
By:
/s/ Fred Goldman
 
Name:
Fred Goldman
 
Title:
CFO
 
 
11

 
EX-99.1 2 ex991to13g07824007_01312014.htm ex991to13g07824007_01312014.htm
Exhibit 99.1
 
JOINT FILING AGREEMENT
 
In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including additional amendments thereto) with respect to the shares of Common Stock, par value $0.01, of STR Holdings, Inc.  This Joint Filing Agreement shall be filed as an Exhibit to such Statement.
 

Dated: February 7, 2014
RILEY INVESTMENT PARTNERS, L.P.
   
 
By:
Riley Investment Management, LLC,
   
its General Partner
   
 
By:
/s/ Bryant R. Riley
 
Name:
Bryant R. Riley
 
Title:
Managing Member


 
RILEY INVESTMENT MANAGEMENT, LLC
   
 
By:
/s/ Bryant R. Riley
 
Name:
Bryant R. Riley
 
Title:
Managing Member


 
B. RILEY & CO., LLC
   
 
By:
/s/ Bryant R. Riley
 
Name:
Bryant R. Riley
 
Title:
Chairman


 
/s/ Bryant R. Riley
 
BRYANT R. RILEY
 

 
EQUITEC PROPRIETARY MARKETS, LLC
   
 
By:
/s/ Fred Goldman
 
Name:
Fred Goldman
 
Title:
CFO