0000899140-19-000595.txt : 20191024 0000899140-19-000595.hdr.sgml : 20191024 20191023175450 ACCESSION NUMBER: 0000899140-19-000595 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20191024 DATE AS OF CHANGE: 20191023 GROUP MEMBERS: ANDREW M. BURSKY GROUP MEMBERS: ATLAS CAPITAL GP II LP GROUP MEMBERS: ATLAS CAPITAL GP III LP GROUP MEMBERS: ATLAS CAPITAL RESOURCES GP II LLC GROUP MEMBERS: ATLAS CAPITAL RESOURCES GP III LLC GROUP MEMBERS: ATLAS CAPITAL RESOURCES II LP GROUP MEMBERS: ATLAS CAPITAL RESOURCES III LP GROUP MEMBERS: LAPETUS CAPITAL III LLC GROUP MEMBERS: TIMOTHY J. FAZIO SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Verso Corp CENTRAL INDEX KEY: 0001421182 STANDARD INDUSTRIAL CLASSIFICATION: PAPER MILLS [2621] IRS NUMBER: 753217389 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-84029 FILM NUMBER: 191164525 BUSINESS ADDRESS: STREET 1: 8540 GANDER CREEK DRIVE CITY: MIAMISBURG STATE: OH ZIP: 45342 BUSINESS PHONE: (877) 855-7243 MAIL ADDRESS: STREET 1: 8540 GANDER CREEK DRIVE CITY: MIAMISBURG STATE: OH ZIP: 45342 FORMER COMPANY: FORMER CONFORMED NAME: Verso Paper Corp. DATE OF NAME CHANGE: 20071213 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Lapetus Capital II LLC CENTRAL INDEX KEY: 0001765298 IRS NUMBER: 475472593 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 100 NORTHFIELD STREET CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 203 622 9138 MAIL ADDRESS: STREET 1: 100 NORTHFIELD STREET CITY: GREENWICH STATE: CT ZIP: 06830 SC 13D/A 1 v31646991a.htm SCHEDULE 13D (AMENDMENT NO. 3)

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
Under the Securities Exchange Act of 1934*
(Amendment No. 3)*


Verso Corporation
(Name of Issuer)
 
Class A Common Stock, par value $0.01 per share
(Title of Class of Securities)
 
92531L207
(CUSIP Number of Class of Securities)
 
Michael O’Donnell, Esq.
Atlas FRM LLC
100 Northfield Street
Greenwich, Connecticut 06830
Telephone: (203) 622-9138
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
 
Copies to:
Steven A. Seidman, Esq.
Mark A. Cognetti, Esq.
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, NY 10019-6099
(212) 728-8000
 
October 22, 2019
(Date of Event which Requires Filing of this Schedule)


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 §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-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 240.13d-7 for other parties to whom copies are to be sent.

*
The remainder of this cover page shall be filled out for a reporting persons 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, as amended (the 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).

SCHEDULE 13D
         
CUSIP No. 92531L207
     
Page 2 of 17 Pages
             
1
 
NAME OF REPORTING PERSON
Lapetus Capital II LLC
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (b)
3
 
SEC USE ONLY
4
 
SOURCE OF FUNDS
AF
5
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
7
 
SOLE VOTING POWER
0
 
8
 
SHARED VOTING POWER
405,004(1)
 
9
 
SOLE DISPOSITIVE POWER
0
 
10
 
SHARED DISPOSITIVE POWER
405,004 (1)
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
405,004 (1)
12
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.17%(2)
14
 
TYPE OF REPORTING PERSON
OO
(1) The reporting person expressly disclaims beneficial ownership with respect to any shares of Common Stock (as defined below) of the Issuer other than the common stock of the Issuer owned directly by such reporting person.
(2) All percentages of Common Stock (as defined below) outstanding contained herein are based on 34,691,315 shares of Common Stock outstanding as of July 31, 2019, according to the Form 10-Q filed by the Issuer with the SEC on August 8, 2019.
 

SCHEDULE 13D
         
CUSIP No. 92531L207
     
Page 3 of 17 Pages
             
1
 
NAME OF REPORTING PERSON
Atlas Capital Resources II LP
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (b)
3
 
SEC USE ONLY
4
 
SOURCE OF FUNDS
WC
5
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
7
 
SOLE VOTING POWER
0
 
8
 
SHARED VOTING POWER
405,004 (1)
 
9
 
SOLE DISPOSITIVE POWER
0
 
10
 
SHARED DISPOSITIVE POWER
405,004 (1)
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
405,004 (1)
12
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.17%(2)
14
 
TYPE OF REPORTING PERSON
PN
(1) The reporting person expressly disclaims beneficial ownership with respect to any shares of Common Stock (as defined below) of the Issuer other than the common stock of the Issuer owned directly by such reporting person.
(2) All percentages of Common Stock (as defined below) outstanding contained herein are based on 34,691,315 shares of Common Stock outstanding as of July 31, 2019, according to the Form 10-Q filed by the Issuer with the SEC on August 8, 2019.

SCHEDULE 13D
         
CUSIP No. 92531L207
     
Page 4 of 17 Pages
             
1
 
NAME OF REPORTING PERSON
Atlas Capital GP II LP
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (b)
3
 
SEC USE ONLY
4
 
SOURCE OF FUNDS
N/A
5
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
7
 
SOLE VOTING POWER
0
 
8
 
SHARED VOTING POWER
405,004 (1)
 
9
 
SOLE DISPOSITIVE POWER
0
 
10
 
SHARED DISPOSITIVE POWER
405,004 (1)
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
405,004 (1)
12
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.17%(2)
14
 
TYPE OF REPORTING PERSON
PN
(1) The reporting person expressly disclaims beneficial ownership with respect to any shares of Common Stock (as defined below) of the Issuer other than the common stock of the Issuer owned directly by such reporting person.
(2) All percentages of Common Stock (as defined below) outstanding contained herein are based on 34,691,315 shares of Common Stock outstanding as of July 31, 2019, according to the Form 10-Q filed by the Issuer with the SEC on August 8, 2019.

SCHEDULE 13D
         
CUSIP No. 92531L207
     
Page 5 of 17 Pages
             
1
 
NAME OF REPORTING PERSON
Atlas Capital Resources GP II LLC
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (b)
3
 
SEC USE ONLY
4
 
SOURCE OF FUNDS
N/A
5
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
7
 
SOLE VOTING POWER
0
 
8
 
SHARED VOTING POWER
405,004 (1)
 
9
 
SOLE DISPOSITIVE POWER
0
 
10
 
SHARED DISPOSITIVE POWER
405,004 (1)
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
405,004 (1)
12
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.17%(2)
14
 
TYPE OF REPORTING PERSON
OO
(1) The reporting person expressly disclaims beneficial ownership with respect to any shares of Common Stock (as defined below) of the Issuer other than the common stock of the Issuer owned directly by such reporting person.
(2) All percentages of Common Stock (as defined below) outstanding contained herein are based on 34,691,315 shares of Common Stock outstanding as of July 31, 2019, according to the Form 10-Q filed by the Issuer with the SEC on August 8, 2019.

SCHEDULE 13D
         
CUSIP No. 92531L207
     
Page 6 of 17 Pages
             
1
 
NAME OF REPORTING PERSON
Lapetus Capital III LLC
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (b)
3
 
SEC USE ONLY
4
 
SOURCE OF FUNDS
AF
5
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
7
 
SOLE VOTING POWER
0
 
8
 
SHARED VOTING POWER
2,181,115(1)
 
9
 
SOLE DISPOSITIVE POWER
0
 
10
 
SHARED DISPOSITIVE POWER
2,181,115(1)
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,181,115(1)
12
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.29%(2)
14
 
TYPE OF REPORTING PERSON
OO
(1) The reporting person expressly disclaims beneficial ownership with respect to any shares of Common Stock (as defined below) of the Issuer other than the common stock of the Issuer owned directly by such reporting person.
(2) All percentages of Common Stock (as defined below) outstanding contained herein are based on 34,691,315 shares of Common Stock outstanding as of July 31, 2019, according to the Form 10-Q filed by the Issuer with the SEC on August 8, 2019.

SCHEDULE 13D
 
CUSIP No. 92531L207
     
Page 7 of 17 Pages
             
1
 
NAME OF REPORTING PERSON
Atlas Capital Resources III LP
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (b)
3
 
SEC USE ONLY
4
 
SOURCE OF FUNDS
WC
5
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
7
 
SOLE VOTING POWER
0
 
8
 
SHARED VOTING POWER
2,181,115 (1)
 
9
 
SOLE DISPOSITIVE POWER
0
 
10
 
SHARED DISPOSITIVE POWER
2,181,115 (1)
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,181,115 (1)
12
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.29%(2)
14
 
TYPE OF REPORTING PERSON
PN
(1) The reporting person expressly disclaims beneficial ownership with respect to any shares of Common Stock (as defined below) of the Issuer other than the common stock of the Issuer owned directly by such reporting person.
(2) All percentages of Common Stock (as defined below) outstanding contained herein are based on 34,691,315 shares of Common Stock outstanding as of July 31, 2019, according to the Form 10-Q filed by the Issuer with the SEC on August 8, 2019.


SCHEDULE 13D
 
CUSIP No. 92531L207
     
Page 8 of 17 Pages
             
1
 
NAME OF REPORTING PERSON
Atlas Capital GP III LP
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (b)
3
 
SEC USE ONLY
4
 
SOURCE OF FUNDS
N/A
5
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
7
 
SOLE VOTING POWER
0
 
8
 
SHARED VOTING POWER
2,181,115 (1)
 
9
 
SOLE DISPOSITIVE POWER
0
 
10
 
SHARED DISPOSITIVE POWER
2,181,115 (1)
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,181,115 (1)
12
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.29 %(2)
14
 
TYPE OF REPORTING PERSON
PN
(1) The reporting person expressly disclaims beneficial ownership with respect to any shares of Common Stock (as defined below) of the Issuer other than the common stock of the Issuer owned directly by such reporting person.
(2) All percentages of Common Stock (as defined below) outstanding contained herein are based on 34,691,315 shares of Common Stock outstanding as of July 31, 2019, according to the Form 10-Q filed by the Issuer with the SEC on August 8, 2019.



SCHEDULE 13D
         
CUSIP No. 92531L207
     
Page 9 of 17 Pages
             
1
 
NAME OF REPORTING PERSON
Atlas Capital Resources GP III LLC
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (b)
3
 
SEC USE ONLY
4
 
SOURCE OF FUNDS
N/A
5
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
7
 
SOLE VOTING POWER
0
 
8
 
SHARED VOTING POWER
2,181,115 (1)
 
9
 
SOLE DISPOSITIVE POWER
0
 
10
 
SHARED DISPOSITIVE POWER
2,181,115 (1)
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,181,115 (1)
12
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.29%(2)
14
 
TYPE OF REPORTING PERSON
OO
(1) The reporting person expressly disclaims beneficial ownership with respect to any shares of Common Stock (as defined below) of the Issuer other than the common stock of the Issuer owned directly by such reporting person.
(2) All percentages of Common Stock (as defined below) outstanding contained herein are based on 34,691,315 shares of Common Stock outstanding as of July 31, 2019, according to the Form 10-Q filed by the Issuer with the SEC on August 8, 2019.

SCHEDULE 13D
         
CUSIP No. 92531L207
     
Page 10 of 17 Pages
             
1
 
NAME OF REPORTING PERSON
Andrew M. Bursky
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (b)
3
 
SEC USE ONLY
4
 
SOURCE OF FUNDS
N/A
5
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING 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
2,586,119 (1)
 
9
 
SOLE DISPOSITIVE POWER
0
 
10
 
SHARED DISPOSITIVE POWER
2,586,119  (1)
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,586,119  (1)
12
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.46% (2)
14
 
TYPE OF REPORTING PERSON
IN
(1) The reporting person expressly disclaims beneficial ownership with respect to any shares of Common Stock (as defined below) of the Issuer other than the common stock of the Issuer owned directly by such reporting person.
(2) All percentages of Common Stock (as defined below) outstanding contained herein are based on 34,691,315 shares of Common Stock outstanding as of July 31, 2019, according to the Form 10-Q filed by the Issuer with the SEC on August 8, 2019.

SCHEDULE 13D
CUSIP No. 92531L207
     
Page 11 of 17 Pages
             
1
 
NAME OF REPORTING PERSON
Timothy J. Fazio
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) (b)
3
 
SEC USE ONLY
4
 
SOURCE OF FUNDS
N/A
5
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING 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
2,586,119 (1)
 
9
 
SOLE DISPOSITIVE POWER
0
 
10
 
SHARED DISPOSITIVE POWER
2,586,119 (1)
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON
2,586,119  (1)
12
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.46%(2)
14
 
TYPE OF REPORTING PERSON
IN
(1) The reporting person expressly disclaims beneficial ownership with respect to any shares of Common Stock (as defined below) of the Issuer other than the common stock of the Issuer owned directly by such reporting person.
(2) All percentages of Common Stock (as defined below) outstanding contained herein are based on 34,691,315 shares of Common Stock outstanding as of July 31, 2019, according to the Form 10-Q filed by the Issuer with the SEC on August 8, 2019.



This Amendment No. 3 (“Amendment No. 3”) amends the Schedule 13D filed on September 20, 2019, (the “Original Schedule 13D”), as amended by Amendment No. 1 to the Schedule 13D filed on October 1, 2019 (“Amendment No. 1”) and Amendment No. 2 to the Schedule 13D filed on October 10, 2019 (“Amendment No. 2” and the Original Schedule 13D, as amended, the “Schedule 13D”), and relates to Class A common stock, par value $0.01 per share (“Common Stock”), of Verso Corporation (the “Issuer”). The Schedule 13D remains in full force and effect, except as specifically amended by this Amendment No. 3. Capitalized terms used but not otherwise defined shall have the respective meanings ascribed to such terms in the Schedule 13D.

Item 2.     Identity and Background

Item 2(a)(v) of the Schedule 13D is hereby amended and restated as follows:

“(v) Lapetus Capital III LLC, a Delaware limited liability company (“Lapetus III”). Lapetus III is the direct beneficial owner of 2,181,115 shares of Common Stock of the Issuer;”

Item 3.
Source and Amount of Funds or Other Consideration
Item 3 of the Schedule 13D is hereby amended and restated as follows:
The 2,586,119 shares of Common Stock beneficially owned in the aggregate by the Reporting Persons were acquired in open market transactions. The Reporting Persons expended an aggregate of approximately $38.0 million to acquire the 2,586,119 shares of Common Stock reported as beneficially owned by them in this Schedule 13D, which purchases were made in part with working capital from capital contributions and/or funds from lines of credit in the ordinary course of business of certain of the Reporting Persons. No part of the purchase price is or will be represented by funds or other consideration borrowed or otherwise obtained for the purpose of acquiring, holding, trading or voting the securities.

Item 4.
Source and Amount of Funds or Other Consideration
Item 4 of this Schedule 13D is hereby amended to include the following:
Subsequent to Lapetus Capital II’s submission of the original Nomination Notice on June 26, 2019 (as disclosed in and attached to the Original Schedule 13D as Exhibit 99.2), the Issuer announced  an Annual Meeting date of January 21, 2020, which is more than 60 days after the anniversary of Issuer’s 2018 annual meeting of stockholders.  In connection with Section 2.14 of the Bylaws of the Issuer and the Issuer’s Current Report on Form 8-K filed on October 4, 2019, Lapetus II re-submitted a Nomination Notice to the Issuer in a form substantially similar to the Nomination Notice submitted on June 26, 2019.
 
Item 5.
Interest in Securities of the Issuer
Items 5 (a) and (b) of the Schedule 13D are hereby amended and restated as follows:
In the aggregate, the Reporting Persons beneficially own, as of the date hereof, 2,586,119 shares of Common Stock, representing 7.46% of the outstanding shares. This amount includes 100 shares of Common Stock held in record by Lapetus II.
(i) Lapetus II has shared voting and dispositive power over 405,004 shares of Common Stock, including 100 shares of Common Stock held in record by Lapetus II, representing 1.17% of the outstanding shares;
(ii) ACR II has shared voting and dispositive power of 405,004 shares, in the aggregate, of Common Stock beneficially owned and held directly by Lapetus II, representing 1.17% of the outstanding shares;
(iii) AC GP II, by virtue of its status as the general partner of ACR II and certain other funds, has shared voting and dispositive power of 405,004 shares of Common Stock, representing 1.17% of the outstanding shares;

(iv) ACR GP II, by virtue of its status as the general partner of AC GP II, has shared voting and dispositive power of 405,004 shares of Common Stock, representing 1.17% of the outstanding shares;
(v) Lapetus III has shared voting and dispositive power over 2,181,115 shares of Common Stock, representing 6.29% of the outstanding shares;
(vi) ACR III has shared voting and dispositive power of 2,181,115 shares of Common Stock beneficially owned by Lapetus III, representing 6.29% of the outstanding shares;
(vii) AC GP III, by virtue of its status as the general partner of ACR III and certain other funds, has shared voting and dispositive power of 2,181,115 shares of Common Stock, representing 6.29% of the outstanding shares;
(viii) ACR GP III, by virtue of its status as the general partner of AC GP III, has shared voting and dispositive power of 2,181,115 shares of Common Stock, representing 6.29% of the outstanding shares;
(ix) each of Messrs. Bursky and Fazio, by virtue of his status as a manager and Managing Partner of ACR GP II and ACR GP III, has shared voting and dispositive power of 2,586,119 shares of Common Stock, representing 7.46% of the outstanding shares.
Each of the Reporting Persons expressly disclaims beneficial ownership with respect to any shares of Common Stock of the Issuer other than the Common Stock of the Issuer owned directly by such Reporting Person.
By virtue of the agreements and arrangements among the Reporting Persons and the Blue Wolf Persons described in this Schedule 13D, the Reporting Persons may be deemed members of a “group” (within the meaning of Rule 13d-5 under the Act) with the Blue Wolf Persons. Blue Wolf Capital Partners LLC, BW Coated LLC, Blue Wolf Capital Fund IV, L.P., Blue Wolf Capital Advisors IV, L.P., Blue Wolf Capital Advisors IV LLC and Adam Blumenthal (collectively, the “Blue Wolf Persons”) are filing a separate Schedule 13D reporting beneficial ownership of shares of Common Stock. Each of the Reporting Persons is responsible only for the information contained in this Schedule 13D and assumes no responsibility for information contained in any Schedule 13D or any amendment thereto filed by the Blue Wolf Persons.  The security interests reported in this Schedule 13D do not include security interests owned by the Blue Wolf Persons.  If the Reporting Persons and the Blue Wolf Persons are deemed to have formed a “group” (within the meaning of Rule 13d-5 under the Act), as of October 22, 2019 such group may be deemed to beneficially own an aggregate of 3,448,156 shares of Common Stock for the purpose of Rule 13d-3 under the Act, which would constitute approximately 9.94% of the issued and outstanding shares of Common Stock based on 34,691,315 shares of Common Stock outstanding as of July 31, 2019,  according to the Form 10-Q filed by the Issuer with the SEC on August 8, 2019.  The Reporting Persons expressly disclaim beneficial ownership of any shares of Common Stock or other securities held by the Blue Wolf Persons.
Item 5(c) of the Schedule 13D is hereby supplemented with the following:
Set forth on Schedule I hereto is a description of transactions with respect to the Common Stock effected by the Reporting Persons since October 9, 2019 through October 22, 2019.  All such transactions were effected in the open market, and per share prices do not include any commissions paid in connection with such transactions. Except as set forth on Schedule I, none of the persons named in response to paragraph (a) has effected any transaction in the Common Stock since October 22, 2019.

[Signatures on following page]

SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
Dated: October 23, 2019
Lapetus Capital II LLC
   
 
By:
 
/s/ Timothy J. Fazio
 
Name:
 
Timothy J. Fazio
 
Title:
 
Vice President
   
   
Dated: October 23, 2019
Atlas Capital Resources II LP
   
   
 
By: Atlas Capital GP II LP, its general partner
     
   
 
By: Atlas Capital Resources GP II LLC, its general partner
     
 
By:
 
/s/ Timothy J. Fazio
 
Name:
 
Timothy J. Fazio
 
Title:
 
Managing Partner
       
   
Dated: October 23, 2019
Atlas Capital GP II LP
 
   
 
By: Atlas Capital Resources GP II LLC, its general partner
       
     
 
By:
 
/s/ Timothy J. Fazio
 
Name:
 
Timothy J. Fazio
 
Title:
 
Managing Partner
 
   
   
Dated: October 23, 2019
Atlas Capital Resources GP II LLC
     
 
By:
 
/s/ Timothy J. Fazio
 
Name:
 
Timothy J. Fazio
 
Title:
 
Managing Partner
       
Dated: October 23, 2019
Lapetus Capital III LLC
   
 
By:
 
/s/ Timothy J. Fazio
 
Name:
 
Timothy J. Fazio
 
Title:
 
Vice President
   
   
Dated: October 23, 2019
Atlas Capital Resources III LP
   
   
 
By: Atlas Capital GP II LP, its general partner
     
   
 
By: Atlas Capital Resources GP II LLC, its general partner
     
 
By:
 
/s/ Timothy J. Fazio
 
Name:
 
Timothy J. Fazio
 
Title:
 
Managing Partner
       
   
Dated: October 23, 2019
Atlas Capital GP III LP
 
   
 
By: Atlas Capital Resources GP II LLC, its general partner
       
     
 
By:
 
/s/ Timothy J. Fazio
 
Name:
 
Timothy J. Fazio
 
Title:
 
Managing Partner


Dated: October 23, 2019
Atlas Capital Resources GP III LLC
     
 
By:
 
/s/ Timothy J. Fazio
 
Name:
 
Timothy J. Fazio
 
Title:
 
Managing Partner
       
       
Dated: October 23, 2019
/s/ Andrew M. Bursky
 
Andrew M. Bursky
       
Dated: October 23, 2019
/s/ Timothy J. Fazio
 
Timothy J. Fazio

 SCHEDULE I
                       
Reporting Person
 
Trade Date
 
Shares Purchased (Sold)
   
Price
 
Lapetus Capital III LLC
 
10/10/2019
   
58,106
   
$
12.21331
 
Lapetus Capital III LLC
 
10/11/2019
   
14,062
   
$
12.49272
 
Lapetus Capital III LLC
 
10/14/2019
   
8,540
   
$
12.41903
 
Lapetus Capital III LLC
 
10/15/2019
   
13,704
   
$
12.39244
 


1 The reported price is a weighted average price. These shares were traded in multiple transactions at prices ranging from $12.10 to $12.46. The Reporting Persons undertake to provide the Staff, upon request, full information regarding the number of shares traded at each separate price within the ranges set forth in this footnote.
2 The reported price is a weighted average price. These shares were traded in multiple transactions at prices ranging from $12.38 to $12.50. The Reporting Persons undertake to provide the Staff, upon request, full information regarding the number of shares traded at each separate price within the ranges set forth in this footnote.
3 The reported price is a weighted average price. These shares were traded in multiple transactions at prices ranging from $12.37 to $12.50. The Reporting Persons undertake to provide the Staff, upon request, full information regarding the number of shares traded at each separate price within the ranges set forth in this footnote.
4 The reported price is a weighted average price. These shares were traded in multiple transactions at prices ranging from $12.34 to $12.49. The Reporting Persons undertake to provide the Staff, upon request, full information regarding the number of shares traded at each separate price within the ranges set forth in this footnote.