0001019056-18-000371.txt : 20180214 0001019056-18-000371.hdr.sgml : 20180214 20180214150341 ACCESSION NUMBER: 0001019056-18-000371 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20180214 DATE AS OF CHANGE: 20180214 GROUP MEMBERS: ARIEL WARSZAWSKI GROUP MEMBERS: FIREFLY MANAGEMENT CO GP, LLC GROUP MEMBERS: FIREFLY VALUE PARTNERS, LP GROUP MEMBERS: FVP GP, LLC GROUP MEMBERS: FVP MASTER FUND, L.P. GROUP MEMBERS: RYAN HESLOP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MANITOWOC CO INC CENTRAL INDEX KEY: 0000061986 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION MACHINERY & EQUIP [3531] IRS NUMBER: 390448110 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-17008 FILM NUMBER: 18611405 BUSINESS ADDRESS: STREET 1: 2400 SOUTH 44TH STREET CITY: MANITOWOC STATE: WI ZIP: 54221-0066 BUSINESS PHONE: 9206522222 MAIL ADDRESS: STREET 1: 2400 SOUTH 44TH STREET CITY: MANITOWOC STATE: WI ZIP: 54221-0066 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Firefly Value Partners, LP CENTRAL INDEX KEY: 0001438637 IRS NUMBER: 721616675 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 601 WEST 26TH STREET STREET 2: SUITE 1520 CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-672-9600 MAIL ADDRESS: STREET 1: 601 WEST 26TH STREET STREET 2: SUITE 1520 CITY: NEW YORK STATE: NY ZIP: 10001 SC 13G 1 manitowoc_13g.htm SC 13G
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

 

The Manitowoc Company, Inc.

(Name of Issuer)

 

Common Stock, par value $0.01 per share

(Title of Class of Securities)

 

563571108

(CUSIP Number)

 

December 31, 2017

(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. 563571108
                     
                     
1. Names of Reporting Persons.       Ryan Heslop
  I.R.S. Identification Nos. of above persons (entities only).  
   
   
2. Check the Appropriate Box if a Member of a Group (See Instructions)
                     
  (a) o                  
  (b) x                  
                     
                     
3. SEC Use Only              
                     
4. Citizenship or Place of Organization United States
                     
Number of 5. Sole Voting Power 0
Shares Bene-      
ficially owned 6. Shared Voting Power 2,336,623
by Each      
Reporting 7. Sole Dispositive Power 0
Person With:      
  8. Shared Dispositive Power 2,336,623
                     
9. Aggregate Amount Beneficially Owned by Each Reporting Person 2,336,623
                     
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
                     
11. Percent of Class Represented by Amount in Row (9) 6.6%(1)
 
12. Type of Reporting Person (See Instructions)  IN            
                     
                                   

(1) Based on 140,734,391 shares of Common Stock outstanding as of September 30, 2017 before taking into account the Issuer’s 1-for-4 reverse stock split, which became effective November 17, 2017.

Page 2 of 10 pages

 
 
CUSIP No. 563571108
                     
                     
1. Names of Reporting Persons.       Ariel Warszawski
  I.R.S. Identification Nos. of above persons (entities only).  
   
   
2. Check the Appropriate Box if a Member of a Group (See Instructions)
                     
  (a) o                  
  (b) x                  
                     
                     
3. SEC Use Only              
                     
4. Citizenship or Place of Organization United States
                     
Number of 5. Sole Voting Power 0
Shares Bene-      
ficially owned 6. Shared Voting Power 2,336,623
by Each      
Reporting 7. Sole Dispositive Power 0
Person With:      
  8. Shared Dispositive Power 2,336,623
                     
9. Aggregate Amount Beneficially Owned by Each Reporting Person 2,336,623
                     
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
                     
11. Percent of Class Represented by Amount in Row (9) 6.6%(1)
 
12. Type of Reporting Person (See Instructions)  IN            
                     
                                   

(1) Based on 140,734,391 shares of Common Stock outstanding as of September 30, 2017 before taking into account the Issuer’s 1-for-4 reverse stock split, which became effective November 17, 2017.

Page 3 of 10 pages

 
 
CUSIP No. 563571108
                     
                     
1. Names of Reporting Persons.       Firefly Value Partners, LP
  I.R.S. Identification Nos. of above persons (entities only).  
   
   
2. Check the Appropriate Box if a Member of a Group (See Instructions)
                     
  (a) o                  
  (b) x                  
                     
                     
3. SEC Use Only              
                     
4. Citizenship or Place of Organization Delaware
                     
Number of 5. Sole Voting Power 0
Shares Bene-      
ficially owned 6. Shared Voting Power 2,336,623
by Each      
Reporting 7. Sole Dispositive Power 0
Person With:      
  8. Shared Dispositive Power 2,336,623
                     
9. Aggregate Amount Beneficially Owned by Each Reporting Person 2,336,623
                     
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
                     
11. Percent of Class Represented by Amount in Row (9) 6.6%(1)
 
12. Type of Reporting Person (See Instructions)  PN, IA            
                     
                                   

(1) Based on 140,734,391 shares of Common Stock outstanding as of September 30, 2017 before taking into account the Issuer’s 1-for-4 reverse stock split, which became effective November 17, 2017.

Page 4 of 10 pages

 
 
CUSIP No. 563571108
                     
                     
1. Names of Reporting Persons.       FVP GP, LLC
  I.R.S. Identification Nos. of above persons (entities only).  
   
   
2. Check the Appropriate Box if a Member of a Group (See Instructions)
                     
  (a) o                  
  (b) x                  
                     
                     
3. SEC Use Only              
                     
4. Citizenship or Place of Organization Delaware
                     
Number of 5. Sole Voting Power 0
Shares Bene-      
ficially owned 6. Shared Voting Power 2,336,623
by Each      
Reporting 7. Sole Dispositive Power 0
Person With:      
  8. Shared Dispositive Power 2,336,623
                     
9. Aggregate Amount Beneficially Owned by Each Reporting Person 2,336,623
                     
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
                     
11. Percent of Class Represented by Amount in Row (9) 6.6%(1)
 
12. Type of Reporting Person (See Instructions)  OO            
                     
                                   

(1) Based on 140,734,391 shares of Common Stock outstanding as of September 30, 2017 before taking into account the Issuer’s 1-for-4 reverse stock split, which became effective November 17, 2017.

Page 5 of 10 pages

 
 
CUSIP No. 563571108
                     
                     
1. Names of Reporting Persons.       Firefly Management Company GP, LLC
  I.R.S. Identification Nos. of above persons (entities only).  
   
   
2. Check the Appropriate Box if a Member of a Group (See Instructions)
                     
  (a) o                  
  (b) x                  
                     
                     
3. SEC Use Only              
                     
4. Citizenship or Place of Organization Delaware
                     
Number of 5. Sole Voting Power 0
Shares Bene-      
ficially owned 6. Shared Voting Power 2,336,623
by Each      
Reporting 7. Sole Dispositive Power 0
Person With:      
  8. Shared Dispositive Power 2,336,623
                     
9. Aggregate Amount Beneficially Owned by Each Reporting Person 2,336,623
                     
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
                     
11. Percent of Class Represented by Amount in Row (9) 6.6%(1)
 
12. Type of Reporting Person (See Instructions)  OO            
                     
                                   

(1) Based on 140,734,391 shares of Common Stock outstanding as of September 30, 2017 before taking into account the Issuer’s 1-for-4 reverse stock split effective November 17, 2017.

Page 6 of 10 pages

 
 
CUSIP No. 563571108
                     
                     
1. Names of Reporting Persons.       FVP Master Fund, L.P.
  I.R.S. Identification Nos. of above persons (entities only).  
   
   
2. Check the Appropriate Box if a Member of a Group (See Instructions)
                     
  (a) o                  
  (b) x                  
                     
                     
3. SEC Use Only              
                     
4. Citizenship or Place of Organization Cayman Islands
                     
Number of 5. Sole Voting Power 0
Shares Bene-      
ficially owned 6. Shared Voting Power 2,336,623
by Each      
Reporting 7. Sole Dispositive Power 0
Person With:      
  8. Shared Dispositive Power 2,336,623
                     
9. Aggregate Amount Beneficially Owned by Each Reporting Person 2,336,623
                     
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
                     
11. Percent of Class Represented by Amount in Row (9) 6.6%(1)
 
12. Type of Reporting Person (See Instructions)  PN            
                     
                                   

(1) Based on 140,734,391 shares of Common Stock outstanding as of September 30, 2017 before taking into account the Issuer’s 1-for-4 reverse stock split, which became effective November 17, 2017.

Page 7 of 10 pages

 
 

Item 1.

 

(a)

The name of the issuer is The Manitowoc Company, Inc. (the “Issuer”).

   
(b)

The principal executive office of the Issuer is located at 2400 South 44th Street, Manitowoc, Wisconsin 54221-0066.

   
Item 2.  
   
(a) This Schedule 13G (this “Statement”) is being filed by: (i) FVP Master Fund, L.P., a Cayman Islands exempted limited partnership (“FVP Master Fund”), (ii) Firefly Value Partners, LP, a Delaware limited partnership (“Firefly Partners”), which serves as the investment manager of FVP Master Fund, (iii) FVP GP, LLC, a Delaware limited liability company (“FVP GP”), which serves as the general partner of FVP Master Fund, (iv) Firefly Management Company GP, LLC, a Delaware limited liability company (“Firefly Management”), which serves as the general partner of Firefly Partners, and (v) Messrs. Ryan Heslop and Ariel Warszawski, the managing members of FVP GP and Firefly Management (all of the foregoing, collectively, “Reporting Persons”). FVP Master Fund is a private investment vehicle formed for the purpose of investing and trading in a wide variety of securities and financial instruments. FVP Master Fund directly owns all of the shares reported in this Statement. Messrs. Heslop and Warszawski, Firefly Partners, Firefly Management and FVP GP may be deemed to share with FVP Master Fund voting and dispositive power with respect to such shares.
   
(b)

The Principal Business Office of FVP Master Fund is:

c/o dms Corporate Services, Ltd.

P.O. Box 1344

dms House

20 Genesis Close

Grand Cayman, KY1-1108

Cayman Islands

 

The Principal Business Office of Messrs. Heslop and Warszawski, Firefly Partners, FVP GP and Firefly Management is:

 

601 West 26th Street, Suite 1520, New York, NY 10001

   
(c)   For citizenship information see item 4 of the cover sheet of each Reporting Person.
   

(d)

This Statement relates to the Common Stock of the Issuer.

   
(e)

The CUSIP Number of the Common Stock of the Issuer is 563571108. 

 

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:

 

(a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
     
(b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
     
(c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
     
(d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
     
(e) x An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);
     
(f) o An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F);
     
(g) o A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G);
     
(h) o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
     
(i) o 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);
     
(j) o Group, in accordance with 240.13d-1(b)(1)(ii)(J);

Page 8 of 10 pages

 
 
Item 4.

Ownership. 

 

See Items 5-9 and 11 on the cover page for each Reporting Person, and Item 2. The percentage ownership of each Reporting Person is based on 140,734,391 shares of Common Stock outstanding as of September 30, 2017, as reported in the Issuer’s quarterly report on Form 10-Q filed on November 7, 2017, before taking into account the Issuer’s 1-for-4 reverse stock split, which became effective November 17, 2017.

 

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 o.

 

Item 6.

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

   
  Not applicable.

 

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 

   
  Not applicable.

  

Item 9.

Notice of Dissolution of Group 

   
  Not applicable.

 

Item 10.

Certification

 

(a) Not applicable.
   
(b) 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.

Page 9 of 10 pages

 
 

SIGNATURE

 

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

 

Dated: February 14, 2018

 

  /s/ Ryan Heslop  
  Ryan Heslop  
     
  Ariel Warszawski  
  Firefly Value Partners, LP  
  FVP GP, LLC  
  Firefly Management Company GP, LLC  
  FVP Master Fund, L.P.  
     
By: /s/ Ariel Warszawski  
Ariel Warszawski, for himself and as Managing Member
of FVP GP (for itself and as general partner of FVP
Master Fund) and Firefly Management (for itself and as
general partner of Firefly Partners)

Page 10 of 10 pages

 
 

EXHIBIT INDEX

 

Exhibit No.   Document
99.1   Joint Filing Agreement, dated February 14, 2018, among Ryan Heslop, Ariel Warszawski, Firefly Value Partners, LP, FVP GP, LLC, Firefly Management Company GP, LLC and FVP Master Fund, L.P. to file this joint statement on Schedule 13G.
 
EX-99.1 2 ex99_1.htm EXHIBIT 99.1
 

EXHIBIT 99.1

 

JOINT FILING AGREEMENT

 

In accordance with Rule 13d-1(k) 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 amendments thereto) with respect to the Common Stock of The Manitowoc Company, Inc., and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filing

 

The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.

 

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of February 14, 2018.

       
  /s/ Ryan Heslop  
  Ryan Heslop
     
  Ariel Warszawski
  Firefly Value Partners, LP
  FVP GP, LLC
  Firefly Management Company GP, LLC
  FVP Master Fund, L.P.
     
  By:  /s/ Ariel Warszawski  
  Ariel Warszawski, for himself and as Managing Member
  of FVP GP (for itself and as general partner of FVP Master
  Fund) and Firefly Management (for itself and as general
  partner of Firefly Partners)