0001683182-20-000008.txt : 20200827
0001683182-20-000008.hdr.sgml : 20200827
20200827170422
ACCESSION NUMBER: 0001683182-20-000008
CONFORMED SUBMISSION TYPE: SC 13G/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20200827
DATE AS OF CHANGE: 20200827
GROUP MEMBERS: CLARK FORK TRUST / TARKIO FUND
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: Front Street Capital Management, Inc.
CENTRAL INDEX KEY: 0001683182
IRS NUMBER: 205536966
STATE OF INCORPORATION: MT
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-91428
FILM NUMBER: 201143864
BUSINESS ADDRESS:
STREET 1: 218 E FRONT STREET
STREET 2: SUITE 205
CITY: MISSOULA
STATE: MT
ZIP: 59802
BUSINESS PHONE: 4065410130
MAIL ADDRESS:
STREET 1: 218 E FRONT STREET
STREET 2: SUITE 205
CITY: MISSOULA
STATE: MT
ZIP: 59802
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: Front Street Capital Management, Inc.
CENTRAL INDEX KEY: 0001683182
IRS NUMBER: 205536966
STATE OF INCORPORATION: MT
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G/A
BUSINESS ADDRESS:
STREET 1: 218 E FRONT STREET
STREET 2: SUITE 205
CITY: MISSOULA
STATE: MT
ZIP: 59802
BUSINESS PHONE: 4065410130
MAIL ADDRESS:
STREET 1: 218 E FRONT STREET
STREET 2: SUITE 205
CITY: MISSOULA
STATE: MT
ZIP: 59802
SC 13G/A
1
FSC2020YRCW13GSC.txt
FSC2020YRCW13GSC.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
(Amendment NO. 1)
Under the Securities Exchange Act of 1934
YRC Worldwide, Inc..
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
984249607
(CUSIP Number)
July 31, 2020
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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. 984249607
1. NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Front Street Capital Management, Inc.
20-5536966
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) (b)
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Montana
NUMBER OF 5. SOLE VOTING POWER 102,382
SHARES
BENEFICIALLY 6. SHARED VOTING POWER 0
OWNED BY EACH
REPORTING 7. SOLE DISPOSITIVE POWER 951,240
PERSON
WITH 8. SHARED DISPOSITIVE POWER 0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 951,240
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.79%
12. TYPE OF REPORTING PERSON
IA
Cusip No. 984249607
1. NAME OF REPORTING PERSONS
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Clark Fork Trust, Tarkio Fund
N/A
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) (b)
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF 5. SOLE VOTING POWER 376,225
SHARES
BENEFICIALLY 6. SHARED VOTING POWER 0
OWNED BY EACH
REPORTING 7. SOLE DISPOSITIVE POWER 376,225
PERSON
WITH 8. SHARED DISPOSITIVE POWER 0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 376,225
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.7%
12. TYPE OF REPORTING PERSON
IV
Cusip No. 984249607
Schedule 13G Additional Information
Item #
1. (a) Name of Issuer:
YRC Worldwide, Inc.
(b) Address of Issuer's Principal Executive Offices:
10990 Roe Avenue
Overland Park, Kansas 66211
2. (a) Name of Persons Filing:
(i) Front Street Capital Management, Inc. ("FSC")
(ii) Tarkio Fund ("TARKX")
(b) Address of Principal Business Office for Each of the Above:
218 E Front Street, Ste 205
Missoula, MT 59802
(c) Citizenship:
(i) FSC: Montana
(ii) TARKX: Delaware
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 984249607
3. This statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c).
The person filing is a:
(a) [ ] Broker or Dealer registered under Section 15 of the Act;
(b) [ ] Bank as defined in section 3(a)(6) of the Act;
(c) [ ] Insurance Company as defined in section 3(a)(19) of the Act;
(d) [ ] Investment Company registered under section 8 of the
Investment Company Act;
(e) [x] Investment Adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act
of 1974 or Endowment Fund;
(g) [ ] Parent Holding Company, in accordance with 240.13d-1(b)(ii)(G);
(h) [ ] Savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) [ ] 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)
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:
(i) FSC: 951,240
(ii) TARKX: 376,225
(b) Percent of Class:
(i) FSC: 1.79%
(ii) TARKX: 0.7%
(c) Number of shares as to which such person has:
(1) Sole power to vote or to direct the vote:
(i) FSC: 102,382
(ii) TARKX: 376,225
(2) Shared power to vote or to direct the vote:
(i) FSC: 0
(ii) TARKX: 0
(3) Sole power to dispose or to direct the disposition of:
(i) FSC: 102,382
(ii) TARKX: 376,225
(4) Shared power to dispose or to direct the disposition of:
(i) FSC: 0
(ii) TARKX: 0
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 [X].
6. Ownership of More than Five Percent on Behalf of Another Person:
The clients of Front Street Capital Management, Inc., a registered investment
adviser, including an investment company registered under the Investment
Company Act of 1940 (Clark Fork Trust, Tarkio Fund) and other managed
accounts, have the right to receive or the power to direct the receipt of
dividends and proceeds from the sale ofshares included on this Schedule.
To the best of Front Street Capital Management'sknowledge, no single
account owns more than 5% of the outstanding stock.
7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company:
Not Applicable
8. Identification and Classification of Members of the Group:
Not Applicable
9. Notice of Dissolution of Group: Not Applicable
10. Certification:
By signing below, the undersigned certify that, to the best
of their knowledge and belief, the securities referred to
above were acquired and are held in the ordinary course of
business and 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.
In accordance with Rule 13d-4 of the Securities Exchange Act
of 1934, each of the persons filing this statement expressly
disclaim the beneficial ownership of the securities covered
by this statement and the filing of this report shall not be
construed as an admission by such persons that they are the
beneficial owners of such securities.
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.
Front Street Capital Management, Inc.
Date: August 27, 2020 By: /s/ Russell T. Piazza
--------------------
Russell T. Piazza
President
Clark Fork Trust
Date: August 27, 2020 By: /s/ Russell T. Piazza
--------------------
Russell T. Piazza
Managing Director
EXHIBIT 1
JOINT FILING AGREEMENT AMONG FRONT STREET CAPITAL MANAGEMENT, INC,
AND CLARK FORK TRUST (TARKIO FUND)
WHEREAS, in accordance with Rule 13d-1(k) under the Securities and
Exchange Act of 1934 (the "Act"), only one joint statement and any
amendments thereto need to be filed whenever one or more persons
are required to to file such a statement or any amendments thereto
pursuant to Section 13(d) of the Act with respect to the same
securities, provided that said persons agree in writing that such
statement or amendments thereto is filed on behalf of each of them;
NOW, THEREFORE, the parties hereto agree as follows:
Front Street Capital Management, Inc., AND
Clark Fork Trust (Tarkio Fund) hereby agree, in accordance with Rule 13d-1(k)
under the Act, to file a statement on Schedule 13G relating to
their ownership of Common Stock of the Issuer and do hereby
further agree that said statement shall be filed on behalf of
each of them.
Front Street Capital Management, Inc.
Date: August 27, 2020 By: /s/ Russell T. Piazza
--------------------
Russell T. Piazza
President
Clark Fork Trust
Date: August 27, 2020 By: /s/ Russell T. Piazza
--------------------
Russell T. Piazza
Managing Director