0001213900-17-002683.txt : 20170322 0001213900-17-002683.hdr.sgml : 20170322 20170322130723 ACCESSION NUMBER: 0001213900-17-002683 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170322 DATE AS OF CHANGE: 20170322 GROUP MEMBERS: BRIO CAPITAL MANAGEMENT LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HOOPER HOLMES INC CENTRAL INDEX KEY: 0000741815 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISC HEALTH & ALLIED SERVICES, NEC [8090] IRS NUMBER: 221659359 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-41442 FILM NUMBER: 17706220 BUSINESS ADDRESS: STREET 1: 560 N. ROGERS ROAD CITY: OLATHE STATE: KS ZIP: 66062 BUSINESS PHONE: 9137641045 MAIL ADDRESS: STREET 1: 560 N. ROGERS ROAD CITY: OLATHE STATE: KS ZIP: 66062 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Brio Capital Master Fund Ltd. CENTRAL INDEX KEY: 0001560894 IRS NUMBER: 981072321 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: C/O BRIO CAPITAL MANAGEMENT LLC STREET 2: 100 MERRICK ROAD SUITE 401W CITY: ROCKVILLE CENTRE STATE: NY ZIP: 11570 BUSINESS PHONE: 516-536-0500 MAIL ADDRESS: STREET 1: C/O BRIO CAPITAL MANAGEMENT LLC STREET 2: 100 MERRICK ROAD SUITE 401W CITY: ROCKVILLE CENTRE STATE: NY ZIP: 11570 SC 13G 1 sc13g0317briocapital_hooper.htm SCHEDULE 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

SCHEDULE 13G

 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

  Hooper Holmes, Inc.  
  (Name of Issuer)  
     
  COMMON STOCK, PAR VALUE $0.04  
  (Title of Class of Securities)  
     
  439104209  
  (CUSIP Number)  
     
  March 20, 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:

 

   Rule 13d-1(b)

   Rule 13d-1(c)

   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 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.   439104209

 

1.  

Names of Reporting Persons

 

Brio Capital Master Fund Ltd. 

2.  

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

(a)  ☐

(b)  ☐

 

3.  

SEC Use Only 

 

4.  

Citizenship or Place of Organization

 

Cayman Islands 

Number of Shares

Beneficially Owned

By Each Reporting

Person With:

5.

Sole Voting Power

 

757,279 shares of common stock(1)(2)

6.

Shared Voting Power

 

0

7.

Sole Dispositive Power

 

757,279 shares of common stock(1)(2) 

8.

Shared Dispositive Power

 

0

9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

757,279 shares of common stock(1)(2)

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares            ☐

(See Instructions)

 

11.  

Percent of Class Represented by Amount in Row (9)

 

6.2%(3)

12.  

Type of Reporting Person (See Instructions)

 

CO

   

(1) Brio Capital Management LLC, is the investment manager of Brio Capital Master Fund Ltd. and has the voting and investment discretion over securities held by Brio Capital Master Fund Ltd. Shaye Hirsch, in his capacity as Managing Member of Brio Capital Management LLC, makes voting and investment decisions on behalf of Brio Capital Management LLC in its capacity as the investment manager of Brio Capital Master Fund Ltd.
(2) Excludes shares issuable upon exercise of warrants held by Brio Capital Master Fund Ltd. which are subject to a 4.99% blocker. 
(3) Percentage calculation is based on 12,161,349 shares of common stock outstanding as of March 20, 2017.

 

 2 
 

 

CUSIP No.   439104209

 

1.  

Names of Reporting Persons

 

Brio Capital Management LLC

2.  

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

(a)  ☐

(b)  ☐

 

3.  

SEC Use Only 

 

4.  

Citizenship or Place of Organization

 

Delaware, United States

Number of Shares

Beneficially Owned

By Each Reporting

Person With:

5.

Sole Voting Power

 

757,279 shares of common stock(4)(5)

6.

Shared Voting Power

 

0

7.

Sole Dispositive Power

 

757,279 shares of common stock(4)(5)

8.

Shared Dispositive Power

 

0

9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

757,279 shares of common stock(4)(5)

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares            ☐

(See Instructions)

 

11.  

Percent of Class Represented by Amount in Row (9)

 

6.2%(6)

12.  

Type of Reporting Person (See Instructions)

 

CO

 

(4) The shares reported above are held by Brio Capital Master Fund Ltd. Brio Capital Management LLC, is the investment manager of Brio Capital Master Fund Ltd. and has the voting and investment discretion over securities held by Brio Capital Master Fund Ltd. Shaye Hirsch, in his capacity as Managing Member of Brio Capital Management LLC, makes voting and investment decisions on behalf of Brio Capital Management LLC in its capacity as the investment manager of Brio Capital Master Fund Ltd. Brio Capital Management LLC and Shaye Hirsch disclaim beneficial ownership over the shares held by Brio Capital Master Fund Ltd., except to the extent of any pecuniary interest therein.
(5) Excludes shares issuable upon exercise of warrants held by Brio Capital Master Fund Ltd. which are subject to a 4.99% blocker. 
(6) Percentage calculation is based on 12,161,349 shares of common stock outstanding as of March 20, 2017.

 

 3 
 

 

Item 1(a). Name of Issuer
   
  Hooper Holmes, Inc. (the “Issuer”)
   
Item 1(b). Address of the Issuer’s Principal Executive Offices
   
 

560 North Rogers Road

Olathe, KS 66062

   
Item 2(a). Names of Persons Filing

 

This Schedule 13G is filed jointly by:

 

Brio Capital Master Fund Ltd.

Brio Capital Management LLC

 

The foregoing persons are hereinafter sometimes collectively referred to as the “Reporting Persons.” Information with respect to each Reporting Person is given solely by such Reporting Person, and no Reporting Person assumes responsibility for the accuracy or completeness of the information furnished by another Reporting Person.

 

Each Reporting Person expressly declares that neither the filing of this statement nor anything herein shall be construed as an admission that such Reporting Person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement. 

 

Item 2(b). Address of the Principal Business Office, or if none, Residence:
   
  c/o Brio Capital Management LLC, 100 Merrick Road, Suite 401 W. Rockville Center, NY 11570
   
Item 2(c). Citizenship

 

 

Brio Capital Master Fund Ltd. – Cayman Islands

Brio Capital Management LLC – United States

 

Item 2(d). Title of Class of Securities
   
  Common Stock, $0.04 par value per share.
   
Item 2(e). CUSIP Number
   
  439104209
   
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

  

  (a)  Broker or Dealer registered under Section 15 of the Exchange Act.
     
  (b) Bank as defined in Section 3(a)(b) or 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.

 

  (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).
     
    Not applicable

 

 4 
 

 

Item 4.

Ownership

 

The information required by Items 4(a)-(c) is set forth in Rows 5-11 of each Cover Page and is incorporated herein by reference.

 

Each Reporting Person expressly declares that neither the filing of this statement nor anything herein shall be construed as an admission that such Reporting Person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement.

 

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 
   
Item 7.

Identification and Classification of the Subsidiary Which 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
   
  Not Applicable
   
Item 9. Notice of Dissolution of Group
   
  Not Applicable
   
Item 10. Certification
   
  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, other than activities solely in connection with a nomination under § 240.14a-11.

 

 5 
 

 

SIGNATURE

 

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

 

DATE:  March 22, 2017

 

 

Brio Capital Master Fund Ltd.,

a Cayman Islands Exempted Company

   
  By: Brio Capital Management LLC,
its Investment Manager
     
  By: /s/ Shaye Hirsch
    Name: Shaye Hirsch
    Title:   Managing Member
     
 

Brio Capital Management LLC,

a Delaware limited liability company

     
  By: /s/ Shaye Hirsch
    Name: Shaye Hirsch
    Title:   Managing Member

  

Attention:  Intentional misstatements or omissions of fact constitute Federal criminal violations

(See 18 U.S.C. 1001) 

 

 6 
 

 

EXHIBIT 1

 

JOINT FILING AGREEMENT

 

Each of the undersigned agrees that (i) the statement on Schedule 13G relating to the Common Stock of Hooper Holmes, Inc. has been adopted and filed on behalf of each of them, (ii) all future amendments to such statement on Schedule 13G will, unless written notice to the contrary is delivered as described below, be jointly filed on behalf of each of them and (iii) the provisions of Rule 13d-1(k)(1) under the Securities Exchange Act of 1934 shall apply to each of them. This agreement may be terminated with respect to the obligations to jointly file future amendments to such statement on Schedule 13G as to any of the undersigned upon such person giving written notice thereof to each of the other persons signatory hereto, at the principal office thereof.

 

DATED: March 22, 2017

 

 

Brio Capital Master Fund Ltd.,

a Cayman Islands Exempted Company

   
  By: Brio Capital Management LLC,
its Investment Manager
     
  By: /s/ Shaye Hirsch
    Name: Shaye Hirsch
    Title:   Managing Member
     
 

Brio Capital Management LLC,

a Delaware limited liability company

     
  By: /s/ Shaye Hirsch
    Name: Shaye Hirsch
    Title:   Managing Member