0001144204-18-008305.txt : 20180214 0001144204-18-008305.hdr.sgml : 20180214 20180214091522 ACCESSION NUMBER: 0001144204-18-008305 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180214 DATE AS OF CHANGE: 20180214 GROUP MEMBERS: CHRISTOPHER J. ACITO GROUP MEMBERS: CHRISTOPHER J. ACITO & ASSOCIATES GP LLC GROUP MEMBERS: CJA PRIVATE EQUITY FINANCIAL RESTRUCTURING GP I LTD. GROUP MEMBERS: GAPSTOW CAPITAL PARTNERS LP GROUP MEMBERS: JACK T. THOMPSON SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Esquire Financial Holdings, Inc. CENTRAL INDEX KEY: 0001531031 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-90323 FILM NUMBER: 18607668 BUSINESS ADDRESS: STREET 1: 100 JERICHO QUADRANGLE STREET 2: SUITE 100 CITY: JERICHO STATE: NY ZIP: 11753 BUSINESS PHONE: (800) 996-0213 MAIL ADDRESS: STREET 1: 100 JERICHO QUADRANGLE STREET 2: SUITE 100 CITY: JERICHO STATE: NY ZIP: 11753 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CJA Private Equity Restructuring Master Fund I LP CENTRAL INDEX KEY: 0001584992 IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 654 MADISON AVENUE STREET 2: SUITE 601 CITY: NEW YORK STATE: NY ZIP: 10065 BUSINESS PHONE: 646-735-3455 MAIL ADDRESS: STREET 1: 654 MADISON AVENUE STREET 2: SUITE 601 CITY: NEW YORK STATE: NY ZIP: 10065 SC 13G 1 tv485927_sc13g.htm SC 13G

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

SCHEDULE 13G

 

(Amendment No.   )*

 

Under the Securities Exchange Act of 1934

 

Esquire Financial Holdings, Inc.
(Name of Issuer)
 
Common Stock, par value $0.01 per share
(Title of Class of Securities)

 

29667J101
(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:

 

¨ Rule 13d-l(b)

 

¨ Rule 13d-l(c)

 

x Rule 13d-l(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. 29667J101  

 

   
1.

Names of Reporting Persons

 

CJA Private Equity Financial Restructuring Master Fund I, LP

   
   
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     0
     
  6. Shared Voting Power     564,800
     
  7. Sole Dispositive Power     0
     
  8. Shared Dispositive Power     564,800
     
     
9. Aggregate Amount Beneficially Owned by Each Reporting Person   564,800
   
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions).       ¨
   
11. Percent of Class Represented by Amount in Row (9)         7.7%*
   
   
12. Type of Reporting Person (See Instructions)        PN
   

 

* The information with respect to percentage ownership is based on a total of 7,326,536 shares of Common Stock, par value $0.01 per share of Esquire Financial Holdings, Inc. outstanding as of November 1, 2017, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 14, 2017.

 

 Page 2 of 12 Pages 

 

 

CUSIP No. 29667J101  

 

   
1.

Names of Reporting Persons

 

CJA Private Equity Financial Restructuring GP I 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     0
     
  6. Shared Voting Power     564,800
     
  7. Sole Dispositive Power     0
     
  8. Shared Dispositive Power     564,800
     
     
9. Aggregate Amount Beneficially Owned by Each Reporting Person   564,800
   
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions).       ¨
   
11. Percent of Class Represented by Amount in Row (9)         7.7%*
   
   
12. Type of Reporting Person (See Instructions)        PN
   

 

* The information with respect to percentage ownership is based on a total of 7,326,536 shares of Common Stock, par value $0.01 per share of Esquire Financial Holdings, Inc. outstanding as of November 1, 2017, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 14, 2017.

 

 Page 3 of 12 Pages 

 

 

CUSIP No. 29667J101  

 

   
1.

Names of Reporting Persons

 

Gapstow Capital Partners LP

   
   
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     New York
   

Number of

Shares

Beneficially

Owned by Each

Reporting

Person With:

5. Sole Voting Power     0
     
  6. Shared Voting Power     564,800
     
  7. Sole Dispositive Power     0
     
  8. Shared Dispositive Power     564,800
     
     
9. Aggregate Amount Beneficially Owned by Each Reporting Person   564,800
   
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions).       ¨
   
11. Percent of Class Represented by Amount in Row (9)         7.7%*
   
   
12. Type of Reporting Person (See Instructions)        PN
   

 

* The information with respect to percentage ownership is based on a total of 7,326,536 shares of Common Stock, par value $0.01 per share of Esquire Financial Holdings, Inc. outstanding as of November 1, 2017, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 14, 2017.

 

 Page 4 of 12 Pages 

 

 

CUSIP No. 29667J101  

 

   
1.

Names of Reporting Persons

 

Christopher J. Acito & Associates GP 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     New York
   

Number of

Shares

Beneficially

Owned by Each

Reporting

Person With:

5. Sole Voting Power     0
     
  6. Shared Voting Power     564,800
     
  7. Sole Dispositive Power     0
     
  8. Shared Dispositive Power     564,800
     
     
9. Aggregate Amount Beneficially Owned by Each Reporting Person   564,880
   
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions).       ¨
   
11. Percent of Class Represented by Amount in Row (9)         7.7%*
   
   
12. Type of Reporting Person (See Instructions)        OO
   

 

* The information with respect to percentage ownership is based on a total of 7,326,536 shares of Common Stock, par value $0.01 per share of Esquire Financial Holdings, Inc. outstanding as of November 1, 2017, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 14, 2017.

 

 Page 5 of 12 Pages 

 

 

CUSIP No. 29667J101  

 

   
1.

Names of Reporting Persons

 

Christopher J. Acito

   
   
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     United States
   

Number of

Shares

Beneficially

Owned by Each

Reporting

Person With:

5. Sole Voting Power     0
     
  6. Shared Voting Power     564,800
     
  7. Sole Dispositive Power     0
     
  8. Shared Dispositive Power     564,800
     
     
9. Aggregate Amount Beneficially Owned by Each Reporting Person   564,800
   
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions).       ¨
   
11. Percent of Class Represented by Amount in Row (9)         7.7%*
   
   
12. Type of Reporting Person (See Instructions)        IN
   

 

* The information with respect to percentage ownership is based on a total of 7,326,536 shares of Common Stock, par value $0.01 per share of Esquire Financial Holdings, Inc. outstanding as of November 1, 2017, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 14, 2017.

 

 Page 6 of 12 Pages 

 

 

CUSIP No. 29667J101  

 

   
1.

Names of Reporting Persons

 

Jack T. Thompson

   
   
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     United States
   

Number of

Shares

Beneficially

Owned by Each

Reporting

Person With:

5. Sole Voting Power     80
     
  6. Shared Voting Power     564,800
     
  7. Sole Dispositive Power     80
     
  8. Shared Dispositive Power     564,800
     
     
9. Aggregate Amount Beneficially Owned by Each Reporting Person   564,880
   
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions).  
   
11. Percent of Class Represented by Amount in Row (9)         7.7%*
   
   
12. Type of Reporting Person (See Instructions)        IN
   

 

* The information with respect to percentage ownership is based on a total of 7,326,536 shares of Common Stock, par value $0.01 per share of Esquire Financial Holdings, Inc. outstanding as of November 1, 2017, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 14, 2017.

 

 Page 7 of 12 Pages 

 

 

Item 1.

 

(a)   Name of Issuer

 

Esquire Financial Holdings, Inc.

 

(b)   Address of Issuer's Principal Executive Offices

 

100 Jericho Quadrangle

Suite 100

Jericho, New York 11753

 

Item 2.

 

(a)   Name of Persons Filing (the “Reporting Persons”)

 

  · CJA Private Equity Financial Restructuring Master Fund I, LP
  · CJA Private Equity Financial Restructuring GP I Ltd.
  · Gapstow Capital Partners LP
  · Christopher J. Acito & Associates GP LLC
  · Christopher J. Acito
  · Jack T. Thompson

 

(b)   Address of Principal Business Office or, if none, Residence

 

The Principal Business Office for CJA Private Equity Financial Restructuring Master Fund I, LP and CJA Private Equity Financial Restructuring GP I Ltd. is:

 

c/o Intertrust Group, 190 Elgin Avenue, George Town, Grand Cayman KY1-9005, Cayman Islands

 

The Principal Business Office for Gapstow Capital Partners LP, Christopher J. Acito & Associates GP LLC, Christopher J. Acito and Jack T. Thompson is:

 

c/o Gapstow Capital Partners, 654 Madison Avenue, Suite 601, New York, NY 10065

 

(c)   Citizenship

 

The information required by Item 2(c) is set forth in Row 4 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person.

 

(d)   Title of Class of Securities 

 

Common Stock, par value $0.01 per share

 

(e)   CUSIP Number 

 

29667J101

 

Item 3. If this statement is filed pursuant to §§240.13d-l(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

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

 

If filing as a non-U.S. institution in accordance with §240.13d-l(b)(l)(ii)(J), please specify the type of institution: ______________.

 

 Page 8 of 12 Pages 

 

 

Item 4. Ownership.

 

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

(a)  Amount beneficially owned:  564,880 shares of Common Stock, par value $0.01 per share

 

Mr. Thompson has sole voting and investment power over 80 shares. Mr. Thompson is a member of CJA Private Equity Financial Restructuring GP I Ltd., the general partner of CJA Private Equity Financial Restructuring Master Fund I, LP, which holds an additional 564,800 shares of the Issuer’s common stock. CJA Private Equity Financial Restructuring GP I Ltd. has designated all voting rights to CJA Private Equity Financial Restructuring Master Fund I, LP’s Investment Manager, Gapstow Capital Partners LP. Mr. Thompson is an employee of Gapstow Capital Partners LP. Christopher J. Acito & Associates GP LLC (“CJA & Associates LLC”) is the Managing Member of CJA Private Equity Financial Restructuring GP I Ltd., and Christopher J. Acito (“Mr. Acito”) is the managing member of CJA & Associates LLC and the Chief Executive Officer of Gapstow Capital Partners LP.

 

(b)   Percent of class: 7.7%

 

The information with respect to percentage ownership is based on a total of 7,326,536 shares of Common Stock, par value $0.01 per share of Esquire Financial Holdings, Inc. outstanding as of November 1, 2017, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 14, 2017.

 

(c)

 

The information required by Item 4(c) is set forth in Rows 5-11 of the cover page hereto for each Reporting Person and is incorporated herein by reference for each such Reporting Person.

 

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. Certifications

 

Not applicable.

 

 Page 9 of 12 Pages 

 

 

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.

 

Dated: February 14, 2018 CJA Private Equity Financial Restructuring Master Fund I, LP
  By:  CJA Private Equity Financial Restructuring GP I Ltd., its General Partner
  By: Christopher J. Acito & Associates GP LLC

 

  By: /s/ Christopher J. Acito
    Name: /s/ Christopher J. Acito
    Title: Managing Member

 

Dated: February 14, 2018 CJA Private Equity Financial Restructuring GP I Ltd.
  By: Christopher J. Acito & Associates GP LLC

 

  By: /s/ Christopher J. Acito
    Name: /s/ Christopher J. Acito
    Title: Managing Member

 

Dated: February 14, 2018 Gapstow Capital Partners LP

 

  By: /s/ Christopher J. Acito
    Name: Christopher J. Acito
    Title: Chief Executive Officer

 

Dated: February 14, 2018 Christopher J. Acito & Associates GP LLC

 

  By: /s/ Christopher J. Acito
    Name: Christopher J. Acito
    Title: Managing Member

 

Dated: February 14, 2018 Christopher J. Acito
   
  /s/ Christopher J. Acito

 

Dated: February 14, 2018 Jack T. Thompson
   
  /s/ Jack T. Thompson

 

 Page 10 of 12 Pages 

 

 

EXHIBIT INDEX

 

EXHIBIT 1 Joint Filing Agreement Pursuant to Section 240.13d-1(k)

 

 Page 11 of 12 Pages 

 

 

EXHIBIT 1 to

SCHEDULE 13G

JOINT FILING AGREEMENT

PURSUANT TO SECTION 240.13d-1(k)

 

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other entities, except to the extent that it knows or has reason to believe that such information is inaccurate.

 

Dated: February 14, 2018 CJA Private Equity Financial Restructuring Master Fund I, LP
  By:  CJA Private Equity Financial Restructuring GP I Ltd., its General Partner
  By: Christopher J. Acito & Associates GP LLC

 

  By: /s/ Christopher J. Acito
    Name: /s/ Christopher J. Acito
    Title: Managing Member

 

Dated: February 14, 2018 CJA Private Equity Financial Restructuring GP I Ltd.
  By: Christopher J. Acito & Associates GP LLC

 

  By: /s/ Christopher J. Acito
    Name: /s/ Christopher J. Acito
    Title: Managing Member

 

Dated: February 14, 2018 Gapstow Capital Partners LP

 

  By: /s/ Christopher J. Acito
    Name: Christopher J. Acito
    Title: Chief Executive Officer

 

Dated: February 14, 2018 Christopher J. Acito & Associates GP LLC

 

  By: /s/ Christopher J. Acito
    Name: Christopher J. Acito
    Title: Managing Member

 

Dated: February 14, 2018 Christopher J. Acito
   
  /s/ Christopher J. Acito

 

Dated: February 14, 2018 Jack T. Thompson
   
  /s/ Jack T. Thompson

 

Page 12 of 12 Pages