0001398344-16-010563.txt : 20160302 0001398344-16-010563.hdr.sgml : 20160302 20160302060258 ACCESSION NUMBER: 0001398344-16-010563 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20160302 DATE AS OF CHANGE: 20160302 GROUP MEMBERS: CLARK - HALE FUND, L.P. GROUP MEMBERS: HALE PARTNERSHIP CAPITAL ADVISORS, LLC GROUP MEMBERS: HALE PARTNERSHIP FUND, L.P. GROUP MEMBERS: JUSTYN R. PUTNAM GROUP MEMBERS: MGEN II - HALE FUND, L.P. GROUP MEMBERS: STEVEN A. HALE II GROUP MEMBERS: TALANTA FUND, L.P. GROUP MEMBERS: TALANTA INVESTMENT GROUP, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: STANLEY FURNITURE CO INC. CENTRAL INDEX KEY: 0000797465 STANDARD INDUSTRIAL CLASSIFICATION: WOOD HOUSEHOLD FURNITURE, (NO UPHOLSTERED) [2511] IRS NUMBER: 541272589 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-37720 FILM NUMBER: 161475492 BUSINESS ADDRESS: STREET 1: 200 NORTH HAMILTON STREET STREET 2: NO. 200 CITY: HIGH POINT STATE: NC ZIP: 27260 BUSINESS PHONE: 3368847700 MAIL ADDRESS: STREET 1: 200 NORTH HAMILTON STREET STREET 2: NO. 200 CITY: HIGH POINT STATE: NC ZIP: 27260 FORMER COMPANY: FORMER CONFORMED NAME: STANLEY FURNITURE CO INC/ DATE OF NAME CHANGE: 19930908 FORMER COMPANY: FORMER CONFORMED NAME: STANLEY FURNITURE CO INC DATE OF NAME CHANGE: 19930908 FORMER COMPANY: FORMER CONFORMED NAME: STANLEY INTERIORS CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Hale Partnership Capital Management, LLC CENTRAL INDEX KEY: 0001602824 IRS NUMBER: 272999628 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 5960 FAIRVIEW ROAD STREET 2: SUITE 432 CITY: CHARLOTTE STATE: NC ZIP: 28210 BUSINESS PHONE: 704-970-2012 MAIL ADDRESS: STREET 1: 5960 FAIRVIEW ROAD STREET 2: SUITE 432 CITY: CHARLOTTE STATE: NC ZIP: 28210 SC 13D/A 1 fp0018398_sc13da.htm
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

 
SCHEDULE 13D/A
(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)

Under the Securities Exchange Act of 1934
(Amendment No. 8)*

Stanley Furniture Company, Inc.
(Name of Issuer)

Common Stock, Par Value $0.02 Per Share
(Title of Class of Securities)

854305208
(CUSIP Number)
 
Steven A. Hale II
Manager
Hale Partnership Capital Management, LLC
5960 Fairview Road, Suite 432
Charlotte, NC 28210
(704) 970-2012
 
Justyn R. Putnam
Managing Member
TALANTA Investment
Group, LLC
401 N. Tryon Street, 10th Floor
Charlotte, NC 28202
(704) 904-1450
 
with a copy to
Derek D. Bork
Thompson Hine LLP
3900 Key Center
127 Public Square
Cleveland, Ohio 44114
(216) 566-5500


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

February 29, 2016
(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 Rule 13d-1(e), 13d-1(f), or 13d-1(g), check the following box     [   ]

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 to whom copies are to be sent.
 

*
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 disclosures provided in a prior cover page.

The information required on 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. 854305208
13D/A
Page 2
 
1
NAMES OF REPORTING PERSONS
 
HALE PARTNERSHIP CAPITAL MANAGEMENT, LLC
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) [   ]
(b) [   ]
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
OO; AF
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
[   ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
STATE OF NORTH CAROLINA, UNITED STATES OF AMERICA
 
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON WITH
7
SOLE VOTING POWER
 
0 Shares of Common Stock
 
8
SHARED VOTING POWER
 
1,504,255 Shares of Common Stock
 
9
SOLE DISPOSITIVE POWER
 
0 Shares of Common Stock
 
10
SHARED DISPOSITIVE POWER
 
1,504,255 Shares of Common Stock
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,504,255 Shares of Common Stock
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
[   ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
10.0% of the outstanding Common Stock
 
14
TYPE OF REPORTING PERSON
 
OO, IA
 
 

CUSIP NO. 854305208
13D/A
Page 3
 
1
NAMES OF REPORTING PERSONS
 
HALE PARTNERSHIP CAPITAL ADVISORS, LLC
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) [   ]
(b) [   ]
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
OO; AF
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
[   ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
STATE OF NORTH CAROLINA, UNITED STATES OF AMERICA
 
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON WITH
7
SOLE VOTING POWER
 
0 Shares of Common Stock
 
8
SHARED VOTING POWER
 
1,504,255 Shares of Common Stock
 
9
SOLE DISPOSITIVE POWER
 
0 Shares of Common Stock
 
10
SHARED DISPOSITIVE POWER
 
1,504,255 Shares of Common Stock
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,504,255 Shares of Common Stock
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
[   ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
10.0% of the outstanding Common Stock
 
14
TYPE OF REPORTING PERSON
 
OO
 
 
 

CUSIP NO. 854305208
13D/A
Page 4
 
1
NAMES OF REPORTING PERSONS
 
HALE PARTNERSHIP FUND, L.P.
 
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
 
STATE OF DELAWARE, UNITED STATES OF AMERICA
 
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON WITH
7
SOLE VOTING POWER
 
0 Shares of Common Stock
 
8
SHARED VOTING POWER
 
1,241,100 Shares of Common Stock
 
9
SOLE DISPOSITIVE POWER
 
0 Shares of Common Stock
 
10
SHARED DISPOSITIVE POWER
 
1,241,100 Shares of Common Stock
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,241,100 Shares of Common Stock
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
[   ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
8.2% of the outstanding Common Stock
 
14
TYPE OF REPORTING PERSON
 
PN
 
 
 

CUSIP NO. 854305208
13D/A
Page 5
 
1
NAMES OF REPORTING PERSONS
 
MGEN II – HALE FUND, L.P.
 
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
 
STATE OF DELAWARE, UNITED STATES OF AMERICA
 
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON WITH
7
SOLE VOTING POWER
 
0 Shares of Common Stock
 
8
SHARED VOTING POWER
 
82,055 Shares of Common Stock
 
9
SOLE DISPOSITIVE POWER
 
0 Shares of Common Stock
 
10
SHARED DISPOSITIVE POWER
 
82,055 Shares of Common Stock
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
82,055 Shares of Common Stock
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
[   ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.5% of the outstanding Common Stock
 
14
TYPE OF REPORTING PERSON
 
PN
 
 

CUSIP NO. 854305208
13D/A
Page 6
 
1
NAMES OF REPORTING PERSONS
 
CLARK – HALE FUND, L.P.
 
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
 
STATE OF DELAWARE, UNITED STATES OF AMERICA
 
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON WITH
7
SOLE VOTING POWER
 
0 Shares of Common Stock
 
8
SHARED VOTING POWER
 
181,100 Shares of Common Stock
 
9
SOLE DISPOSITIVE POWER
 
0 Shares of Common Stock
 
10
SHARED DISPOSITIVE POWER
 
181,100 Shares of Common Stock
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
181,100 Shares of Common Stock
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
[   ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
1.2% of the outstanding Common Stock
 
14
TYPE OF REPORTING PERSON
 
PN
 
 

CUSIP NO. 854305208
13D/A
Page 7 
 
1
NAMES OF REPORTING PERSONS
 
STEVEN A. HALE II
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) [   ]
(b) [   ]
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
OO; AF
 
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 OF AMERICA
 
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON WITH
7
SOLE VOTING POWER
 
0 Shares of Common Stock
 
8
SHARED VOTING POWER
 
1,504,255 Shares of Common Stock
 
9
SOLE DISPOSITIVE POWER
 
0 Shares of Common Stock
 
10
SHARED DISPOSITIVE POWER
 
1,504,255 Shares of Common Stock
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,504,255 Shares of Common Stock
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
[   ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
10.0% of the outstanding Common Stock
 
14
TYPE OF REPORTING PERSON
 
IN
 
 
 

CUSIP NO. 854305208
13D/A
Page 8
 
1
NAMES OF REPORTING PERSONS
 
TALANTA INVESTMENT GROUP, LLC
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) [   ]
(b) [   ]
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
OO; AF
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
[   ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
STATE OF DELAWARE, UNITED STATES OF AMERICA
 
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON WITH
7
SOLE VOTING POWER
 
0 Shares of Common Stock
 
8
SHARED VOTING POWER
 
740,896 Shares of Common Stock
 
9
SOLE DISPOSITIVE POWER
 
0 Shares of Common Stock
 
10
SHARED DISPOSITIVE POWER
 
740,896 Shares of Common Stock
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
740,896 Shares of Common Stock
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
[   ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
4.9% of the outstanding Common Stock
 
14
TYPE OF REPORTING PERSON
 
OO
 
 

CUSIP NO. 854305208
13D/A
Page 9
 
1
NAMES OF REPORTING PERSONS
 
TALANTA FUND, L.P.
 
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
 
STATE OF DELAWARE, UNITED STATES OF AMERICA
 
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON WITH
7
SOLE VOTING POWER
 
0 Shares of Common Stock
 
8
SHARED VOTING POWER
 
740,896 Shares of Common Stock
 
9
SOLE DISPOSITIVE POWER
 
0 Shares of Common Stock
 
10
SHARED DISPOSITIVE POWER
 
740,896 Shares of Common Stock
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
740,896 Shares of Common Stock
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
[   ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
4.9% of the outstanding Common Stock
 
14
TYPE OF REPORTING PERSON
 
PN
 
 

CUSIP NO. 854305208
13D/A
Page 10
 
1
NAMES OF REPORTING PERSONS
 
JUSTYN R. PUTNAM
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 
(a) [   ]
(b) [   ]
3
SEC USE ONLY
 
 
4
SOURCE OF FUNDS
 
OO; AF
 
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
[   ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
STATE OF DELAWARE, UNITED STATES OF AMERICA
 
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING PERSON WITH
7
SOLE VOTING POWER
 
0 Shares of Common Stock
 
8
SHARED VOTING POWER
 
740,896 Shares of Common Stock
 
9
SOLE DISPOSITIVE POWER
 
0 Shares of Common Stock
 
10
SHARED DISPOSITIVE POWER
 
740,896 Shares of Common Stock
 
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
740,896 Shares of Common Stock
 
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
[   ] 
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
4.9% of the outstanding Common Stock
 
14
TYPE OF REPORTING PERSON
 
IN
 
 

CUSIP NO. 854305208
13D/A
Page 11
 
This Amendment No. 8 to Statement of Beneficial Ownership on Schedule 13D (this “Amendment No. 8”) amends the Statement of Beneficial Ownership on Schedule 13D filed by the Reporting Persons on December 22, 2014, as amended (the “Schedule 13D”, and as further amended by this Amendment No. 8, this “Statement”), with respect to the Common Stock, par value $0.02 per share (the “Common Stock”), of Stanley Furniture Company, Inc., a Delaware corporation (the “Company”). Except as amended and supplemented by this Amendment No. 8, the Schedule 13D remains unchanged.

This Statement is filed by (i) Hale Partnership Capital Management, LLC (“Hale Adviser”), (ii) Hale Partnership Capital Advisors, LLC (“Hale GP”), (iii) Hale Partnership Fund, L.P. (“Hale Fund I”), (iv) MGEN II – Hale Fund, L.P. (“Hale Fund II”), (v) Clark - Hale Fund, L.P. (“Hale Fund III” and collectively with Hale Fund I and Hale Fund II, the “Hale Funds”), (vi) Steven A. Hale II (“Mr. Hale”), (vii) TALANTA Investment Group, LLC (“TALANTA GP”), (viii) TALANTA Fund, L.P. (“TALANTA Fund”), and (ix) Justyn R. Putnam (“Mr. Putnam”) (each, a “Reporting Person” and collectively, the “Reporting Persons”).  The Hale Funds and TALANTA Fund are referred to collectively as the “Funds.” The Reporting Persons are filing this Statement jointly.

Item 3.                                        Source and Amount of Funds or Other Consideration

All purchases of the Common Stock have been made by or on behalf of the Funds using the investment capital of the Funds.  The aggregate purchase price of the Common Stock acquired was approximately $5,859,314 (excluding brokerage commissions and transaction costs).

Item 5.                                        Interest in Securities of the Issuer

(a)-(b)            The Reporting Persons beneficially own in the aggregate 2,245,151 shares of Common Stock, which represents approximately 14.9% of the Company’s outstanding shares of Common Stock.

Each of the Hale Funds and the TALANTA Fund directly holds the number and percentage of shares of Common Stock disclosed as beneficially owned by it in the applicable table set forth on the cover page to this Statement. None of the other Reporting Persons directly hold any of the shares of Common Stock disclosed in this Statement.

Each percentage ownership of shares of Common Stock set forth in this Statement is based on 15,105,145 shares of Common Stock reported by the Company as outstanding as of February 19, 2016 in its Annual Report on Form 10-K filed with the SEC on February 23, 2016.

Hale Adviser, as the investment manager of the Hale Funds, Hale GP, as the general partner of the Hale Funds, and Mr. Hale, as the sole manager of Hale Adviser and Hale GP, may be deemed to have the shared power to direct the voting and disposition of shares of Common Stock beneficially owned by the Hale Funds, and consequently Hale Adviser, Hale GP and Mr. Hale may be deemed to possess indirect beneficial ownership of such shares.  Hale Adviser, Hale GP and Mr. Hale disclaim beneficial ownership of such shares for all other purposes.

TALANTA GP, as general partner of the TALANTA Fund, and Mr. Putnam, as managing member of TALANTA GP, may be deemed to have the shared power to direct the voting and disposition of shares of Common Stock beneficially owned by the TALANTA Fund, and consequently TALANTA GP and Mr. Putnam may be deemed to possess indirect beneficial ownership of such shares.  TALANTA GP and Mr. Putnam disclaim beneficial ownership of such shares for all other purposes.

CUSIP NO. 854305208
13D/A
Page 12

(c)            The following table sets forth all transactions with respect to the Common Stock effected by the Reporting Persons since the Reporting Persons filed Amendment No. 7 to the Schedule 13D with the SEC on February 16, 2016.  Each of these transactions was effected through the open market.

Beneficial Ownership
Transaction Date
Number of Shares Bought/(Sold)
Price per Share (excluding
commission) ($)
TALANTA Fund, L.P.
2/25/2016
3,650
 $2.45
TALANTA Fund, L.P.
2/29/2016
4,000
 $2.50
TALANTA Fund, L.P.
2/29/2016
100
 $2.55
TALANTA Fund, L.P.
3/01/2016
40,000
 $2.52
Clark - Hale Fund, L.P.
2/16/2016
100
 $2.32
Clark - Hale Fund, L.P.
2/26/2016
50,000
 $2.50
Clark - Hale Fund, L.P.
2/29/2016
50,000
 $2.50
MGEN II - Hale Fund, L.P.
2/29/2016
25,000
 $2.50
Hale Partnership Fund, L.P.
2/29/2016
500,132
 $2.50


CUSIP NO. 854305208
13D/A
Page 13
 
Signature

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

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 this Statement on Schedule 13D with respect to the Common Stock of the Company.
 
 
Dated:
March 2, 2016  
         
 
HALE PARTNERSHIP CAPITAL MANAGEMENT, LLC 
         
  By: /s/ Steven A. Hale II  
  Name: Steven A. Hale II  
 
Title:
Manager  
 
 
     
  HALE PARTNERSHIP CAPITAL ADVISORS, LLC    
         
  By: /s/ Steven A. Hale II  
  Name: Steven A. Hale II  
  Title: Manager  
         
 
HALE PARTNERSHIP FUND, L.P. 
 
         
  By: Hale Partnership Capital Advisors, LLC, its General Partner 
         
    By: /s/ Steven A. Hale II  
    Name: Steven A. Hale II  
 
 
Title:
Manager
 
         
 
MGEN II – HALE FUND, L.P. 
 
         
  By:
Hale Partnership Capital Advisors, LLC, its General Partner 
         
    By: /s/ Steven A. Hale II  
    Name: Steven A. Hale II  
 
 
Title:
Manager  
         
  CLARK-HALE FUND, L.P.   
     
  By:
Hale Partnership Capital Advisors, LLC, its General Partner 
         
  By: /s/ Steven A. Hale II  
    Name: Steven A. Hale II  
   
Title:
Manager  
         
 
/s/ Steven A. Hale II
 
 
STEVEN A. HALE II 
 


CUSIP NO. 854305208
13D/A
Page 14

 
 
TALANTA INVESTMENT GROUP, LLC  
 
         
  By: /s/ Justyn R. Putnam  
  Name: Justyn R. Putnam  
 
Title:
Managing Member  
         
 
TALANTA FUND, L.P. 
 
         
  By: TALANTA Investment Group, LLC, its General Partner  
         
    By:
/s/ Justyn R. Putnam
 
    Name: Justyn R. Putnam  
 
 
Title:
Managing Member
 
         
 
/s/ Justyn R. Putnam
 
 
JUSTYN R. PUTNAM