UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
|
|
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
|
|
A.M. Castle & Co.
|
(Name of Issuer)
|
|
Common Stock, $0.01 par value
|
(Title of Class of Securities)
|
|
148411 309
|
(CUSIP Number)
|
|
Keri L. Kelly
Wolverine Asset Management, LLC
175 W. Jackson Blvd., Suite 340
Chicago, IL 60604
(312) 884-4400
|
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
|
|
February 27, 2020
|
(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. ☐
|
|
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule,
including all exhibits. See Rule 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 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. 148411 309
|
SCHEDULE 13D
|
Page 2 of 13
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Wolverine Asset Management, LLC
|
|
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
Illinois
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
8
|
SHARED VOTING POWER
70,905
|
|
9
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
SHARED DISPOSITIVE POWER
70,905
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
70,905
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
|
☐
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.9%
|
|
14
|
TYPE OF REPORTING PERSON
IA
|
|
CUSIP No. 148411 309
|
SCHEDULE 13D
|
Page 3 of 13
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Wolverine Holdings, L.P.
|
|
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
Illinois
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
8
|
SHARED VOTING POWER
70,905
|
|
9
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
SHARED DISPOSITIVE POWER
70,905
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
70,905
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
|
☐
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.9%
|
|
14
|
TYPE OF REPORTING PERSON
HC
|
|
CUSIP No. 148411 309
|
SCHEDULE 13D
|
Page 4 of 13
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Wolverine Trading Partners, Inc.
|
|
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
Illinois
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
8
|
SHARED VOTING POWER
70,905
|
|
9
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
SHARED DISPOSITIVE POWER
70,905
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
70,905
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
|
☐
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.9%
|
|
14
|
TYPE OF REPORTING PERSON
CO/HC
|
|
CUSIP No. 148411 309
|
SCHEDULE 13D
|
Page 5 of 13
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Christopher L. Gust
|
|
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
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
8
|
SHARED VOTING POWER
70,905
|
|
9
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
SHARED DISPOSITIVE POWER
70,905
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
70,905
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
|
☐
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.9%
|
|
14
|
TYPE OF REPORTING PERSON
IN/HC
|
|
CUSIP No. 148411 309
|
SCHEDULE 13D
|
Page 6 of 13
|
1
|
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert R. Bellick
|
|
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
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH
|
7
|
SOLE VOTING POWER
0
|
8
|
SHARED VOTING POWER
70,905
|
|
9
|
SOLE DISPOSITIVE POWER
0
|
|
10
|
SHARED DISPOSITIVE POWER
70,905
|
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
70,905
|
|
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
☐
|
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.9%
|
|
14
|
TYPE OF REPORTING PERSON
IN/HC
|
|
CUSIP No. 148411 309
|
SCHEDULE 13D
|
Page 7 of 13
|
CUSIP No. 148411 309
|
SCHEDULE 13D
|
Page 8 of 13
|
CUSIP No. 148411 309
|
SCHEDULE 13D
|
Page 9 of 13
|
(a)
|
As of the date hereof, WAM, as the investment manager of Flagship, may be deemed the beneficial owner of the 70,905 shares of Common Stock owned by
Flagship, constituting 1.9% of the outstanding shares of Common Stock.
|
CUSIP No. 148411 309
|
SCHEDULE 13D
|
Page 10 of 13
|
(b)
|
See facing pages for each Reporting Person.
|
(c)
|
Information with respect to all transactions in the shares beneficially owned by the Reporting Persons that were effected during the past sixty days is set forth in Item 4.
|
(d)
|
None.
|
(e)
|
Not applicable.
|
CUSIP No. 148411 309
|
SCHEDULE 13D
|
Page 11 of 13
|
Exhibit 5
|
Joint Filing Agreement between Wolverine Asset Management, LLC, Wolverine Holdings, L.P., Wolverine Trading Partners, Inc., Christopher L. Gust, and
Robert R. Bellick.
|
Exhibit 6
|
Form of Support Agreement between A.M. Castle & Co. and holders who, in the aggregate, hold in excess of 96% of the Company’s outstanding 5.00%/7.00% Convertible
Senior PIK Toggle Notes due 2022 (incorporated by reference to Exhibit 10.1 to A.M. Castle & Co.’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 27, 2020 (File No. 1-5415).
|
CUSIP No. 148411 309
|
SCHEDULE 13D
|
Page 12 of 13
|
|
WOLVERINE ASSET MANAGEMENT, LLC
|
|
||
|
|
|
||
|
By:
|
/s/ Keri L. Kelly
|
|
|
|
|
Name:
|
Keri L. Kelly
|
|
|
|
Title:
|
Chief Compliance Officer
|
|
|
WOLVERINE HOLDINGS, L.P.
|
|
||
|
|
|
||
|
By:
|
/s/ Christopher L. Gust
|
|
|
|
|
Name:
|
Christopher L. Gust
|
|
|
|
Title:
|
Managing Director
|
|
|
WOLVERINE TRADING PARTNERS, INC.
|
|
||
|
|
|
||
|
By:
|
/s/ Christopher L. Gust
|
|
|
|
|
Name:
|
Christopher L. Gust
|
|
|
|
Title:
|
Authorized signatory
|
|
|
|
|
||
|
By:
|
/s/ Christopher L. Gust
|
|
|
|
|
Name:
|
Christopher L. Gust
|
|
|
|
|
||
|
By:
|
/s/ Robert R. Bellick
|
|
|
|
|
Name:
|
Robert R. Bellick
|
|
|
WOLVERINE ASSET MANAGEMENT, LLC
|
|
||
|
|
|
||
|
By:
|
/s/ Keri L. Kelly
|
|
|
|
|
Name:
|
Keri L. Kelly
|
|
|
|
Title:
|
Chief Compliance Officer
|
|
|
WOLVERINE HOLDINGS, L.P.
|
|
||
|
|
|
||
|
By:
|
/s/ Christopher L. Gust
|
|
|
|
|
Name:
|
Christopher L. Gust
|
|
|
|
Title:
|
Managing Director
|
|
|
WOLVERINE TRADING PARTNERS, INC.
|
|
||
|
|
|
||
|
By:
|
/s/ Christopher L. Gust
|
|
|
|
|
Name:
|
Christopher L. Gust
|
|
|
|
Title:
|
Authorized signatory
|
|
|
|
|
||
|
By:
|
/s/ Christopher L. Gust
|
|
|
|
|
Name:
|
Christopher L. Gust
|
|
|
|
|
||
|
By:
|
/s/ Robert R. Bellick
|
|
|
|
|
Name:
|
Robert R. Bellick
|
|