0001052174-16-000045.txt : 20160211 0001052174-16-000045.hdr.sgml : 20160211 20160211170335 ACCESSION NUMBER: 0001052174-16-000045 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20160211 DATE AS OF CHANGE: 20160211 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LAWSON PRODUCTS INC/NEW/DE/ CENTRAL INDEX KEY: 0000703604 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES [5080] IRS NUMBER: 362229304 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-33906 FILM NUMBER: 161412561 BUSINESS ADDRESS: STREET 1: 8770 WEST BRYN MAWR AVENUE STREET 2: SUITE 900 CITY: CHICAGO STATE: IL ZIP: 60631 BUSINESS PHONE: 773-304-5208 MAIL ADDRESS: STREET 1: 8770 WEST BRYN MAWR AVENUE STREET 2: SUITE 900 CITY: CHICAGO STATE: IL ZIP: 60631 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KDI CAPITAL PARTNERS LLC CENTRAL INDEX KEY: 0001052174 IRS NUMBER: 561956796 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 4101 LAKE BOONE TRAIL STREET 2: SUITE 218 CITY: RALEIGH STATE: NC ZIP: 27607 BUSINESS PHONE: 9195734124 MAIL ADDRESS: STREET 1: 4101 LAKE BOONE TRAIL STREET 2: SUITE 218 CITY: RALEIGH STATE: NC ZIP: 27607 FORMER COMPANY: FORMER CONFORMED NAME: MAYNARD CAPITAL PARTNERS LLC DATE OF NAME CHANGE: 19971231 SC 13G/A 1 laws13G-12312015.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________ SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (Amendment No. 4) LAWSON PRODUCTS, INC. (Name of Issuer) Common Stock, Par Value $1.00 Per Share (Title of Class of Securities) 520776105 (CUSIP Number) December 31, 2015 (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 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 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). (Continued on following pages) CUSIP NO. 520776105 13G Page 2 of 17 Pages 1 NAMES OF REPORTING PERSONS KDI CAPITAL PARTNERS, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION STATE OF NORTH CAROLINA, UNITED STATES OF AMERICA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER N/A 6 SHARED VOTING POWER 798,026 shares of Common Stock 7 SOLE DISPOSITIVE POWER N/A 8 SHARED DISPOSITIVE POWER 798,026 shares of Common Stock 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 798,026 shares of Common Stock 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.2% of the outstanding shares of Common Stock 12 TYPE OF REPORTING PERSON IA, OO (Limited Liability Company) CUSIP NO. 520776105 13G Page 3 of 17 Pages 1 NAMES OF REPORTING PERSONS OUTSTANDING BUSINESSES LIMITED PARTNERSHIP 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION STATE OF NORTH CAROLINA, UNITED STATES OF AMERICA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER N/A 6 SHARED VOTING POWER 150,968 shares of Common Stock 7 SOLE DISPOSITIVE POWER N/A 8 SHARED DISPOSITIVE POWER 150,968 shares of Common Stock 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 150,968 shares of Common Stock 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.7% of the outstanding shares of Common Stock 12 TYPE OF REPORTING PERSON PN (Limited Partnership) CUSIP NO. 520776105 13G Page 4 of 17 Pages 1 NAMES OF REPORTING PERSONS A FEW VALUABLE BUSINESSES PARTNERSHIP 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION STATE OF NORTH CAROLINA, UNITED STATES OF AMERICA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER N/A 6 SHARED VOTING POWER 183,256 shares of Common Stock 7 SOLE DISPOSITIVE POWER N/A 8 SHARED DISPOSITIVE POWER 183,256 shares of Common Stock 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 183,256 shares of Common Stock 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 2.1% of the outstanding shares of Common Stock 12 TYPE OF REPORTING PERSON PN (Limited Partnership) CUSIP NO. 520776105 13G Page 5 of 17 Pages 1 NAMES OF REPORTING PERSONS CAPITAL PARTNER INVESTMENTS LIMITED PARTNERSHIP 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION STATE OF NORTH CAROLINA, UNITED STATES OF AMERICA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER N/A 6 SHARED VOTING POWER 130,037 shares of Common Stock 7 SOLE DISPOSITIVE POWER N/A 8 SHARED DISPOSITIVE POWER 130,037 shares of Common Stock 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 130,037 shares of Common Stock 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.5% of the outstanding shares of Common Stock 12 TYPE OF REPORTING PERSON PN (Limited Partnership) CUSIP NO. 520776105 13G Page 6 of 17 Pages 1 NAMES OF REPORTING PERSONS WORTHY COMPANIES LIMITED PARTNERSHIP 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION STATE OF NORTH CAROLINA, UNITED STATES OF AMERICA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER N/A 6 SHARED VOTING POWER 56,337 shares of Common Stock 7 SOLE DISPOSITIVE POWER N/A 8 SHARED DISPOSITIVE POWER 56,337 shares of Common Stock 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 56,337 shares of Common Stock 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.6% of the outstanding shares of Common Stock 12 TYPE OF REPORTING PERSON PN (Limited Partnership) CUSIP NO. 520776105 13G Page 7 of 17 Pages 1 NAMES OF REPORTING PERSONS FINANCIAL ASCENT LIMITED PARTNERSHIP 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION STATE OF NORTH CAROLINA, UNITED STATES OF AMERICA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER N/A 6 SHARED VOTING POWER 86,527 shares of Common Stock 7 SOLE DISPOSITIVE POWER N/A 8 SHARED DISPOSITIVE POWER 86,527 shares of Common Stock 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 86,527 shares of Common Stock 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.0% of the outstanding shares of Common Stock 12 TYPE OF REPORTING PERSON PN (Limited Partnership) CUSIP NO. 520776105 13G Page 8 of 17 Pages 1 NAMES OF REPORTING PERSONS FINANCIAL ASCENT TE LIMITED PARTNERSHIP 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION STATE OF NORTH CAROLINA, UNITED STATES OF AMERICA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER N/A 6 SHARED VOTING POWER 113,794 shares of Common Stock 7 SOLE DISPOSITIVE POWER N/A 8 SHARED DISPOSITIVE POWER 113,794 shares of Common Stock 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 113,794 shares of Common Stock 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.3% of the outstanding shares of Common Stock 12 TYPE OF REPORTING PERSON PN (Limited Partnership) CUSIP NO. 520776105 13G Page 9 of 17 Pages 1 NAMES OF REPORTING PERSONS JOHN M. DAY 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES OF AMERICA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 55 6 SHARED VOTING POWER 798,026 shares of Common Stock 7 SOLE DISPOSITIVE POWER 55 8 SHARED DISPOSITIVE POWER 798,026 shares of Common Stock 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 798,081 shares of Common Stock 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.2% of the outstanding shares of Common Stock 12 TYPE OF REPORTING PERSON IN CUSIP NO. 520776105 13G Page 10 of 17 Pages 1 NAMES OF REPORTING PERSONS SHELDON M. FOX 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES OF AMERICA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER N/A 6 SHARED VOTING POWER 798,026 shares of Common Stock 7 SOLE DISPOSITIVE POWER N/A 8 SHARED DISPOSITIVE POWER 798,026 shares of Common Stock 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 798,026 shares of Common Stock 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.2% of the outstanding shares of Common Stock 12 TYPE OF REPORTING PERSON IN Item 1. (a) Name of Issuer: Lawson Products, Inc. (the ?Issuer?) (b) Address of Issuer?s Principal Executive Offices: 8770 W. Bryn Mawr Avenue, Suite 900 Chicago, Illinois 60631 Item 2. (a) Name of Persons Filing: KDI Capital Partners, LLC Outstanding Businesses Limited Partnership A Few Valuable Businesses Partnership Capital Partner Investments Limited Partnership Worthy Companies Limited Partnership Financial Ascent Limited Partnership Financial Ascent TE Limited Partnership John M. Day Sheldon M. Fox (b) Address of Principal Business Office or, if None, Residence: For all persons filing: 4101 Lake Boone Trail, Suite 218 Raleigh, NC 27607 (c) Citizenship: KDI Capital Partners, LLC is a North Carolina limited liability company A Few Valuable Businesses Partnership, Capital Partner Investments Limited Partnership, Worthy Companies Limited Partnership, Financial Ascent Limited Partnership, Outstanding Businesses Limited Partnership and Financial Ascent TE Limited Partnership (collectively, the ?Partnerships?) are all limited partnerships formed in the state of North Carolina Mr. Day and Mr. Fox are United States citizens (d) Title of Class of Securities: Common Stock (e) CUSIP Number: 520776105 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: Not applicable. Filed pursuant to Rule 13d-1(c). Item 4. Ownership. KDI Capital Partners, LLC Outstanding Businesses Limited Partnership A Few Valuable Businesses Partnership Capital Partner Investments Limited Partnership Worthy Companies Limited Partnership Financial Ascent Limited Partnership Financial Ascent TE Limited Partnership John M. Day Sheldon M. Fox (a) Amount Beneficially Owned: 798,026 150,968 183,256 130,037 56,337 86,527 113,794 798,081 798,026 (b) Percent of Class: 9.2% 1.7% 2.1% 1.5% 0.6% 1.0% 1.3% 9.2% 9.2% (c) Number of Shares to Which Reporting Person Has: (i) Sole Voting Power: N/A N/A N/A N/A N/A N/A N/A 55 N/A (ii) Shared Voting Power: 798,026 150,968 183,256 130.037 56,337 86,527 113,794 798,026 798,026 (iii) Sole Dispositive Power: N/A N/A N/A N/A N/A N/A N/A 55 N/A (iv) Shared Dispositive Power: 798,026 150,968 183,256 130.037 56,337 86,527 113,794 798,026 798,026 The reported shares are the Issuer?s common stock. 798,026 of the reported shares are owned by investment advisory clients of KDI Capital Partners, LLC (?KDI?). As reflected above, each of the Partnerships directly owns shares of the Issuer (of these 798,026 shares, 720,919 shares are owned in the aggregate by the Partnerships, and the remainder are owned by separate accounts managed by KDI.). KDI is the investment advisor and general partner of each of the Partnerships. Other separately managed account clients also own, in the aggregate, 77,107 shares of the Issuer; however, in the aggregate, these accounts amount to less than 1% of the outstanding shares of the Issuer. As investment advisor to all of these accounts (and as investment advisor and general partner of the Partnerships), KDI could be deemed to be an indirect beneficial owner of 798,026 of the reported shares by virtue of its voting and dispositive power over these shares. John M. Day and Sheldon M. Fox are the managing members and principal owners of KDI, and could be deemed to share such indirect beneficial ownership with KDI. Mr. Day also owns 55 shares of the Issuer?s common stock in a separate account that is not managed by KDI. This amendment to Schedule 13G (the ?Amendment?) is being filed to reflect year-end ownership of the Issuer?s securities for KDI?s clients on December 31, 2015 and updates previous filings made by KDI, the Partnerships and Messrs. Day and Fox. 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__. 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, each of the undersigned certifies that, to the best of his or its 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. Exhibits Exhibit 1 Joint Filing Agreement dated February 11, 2016, among KDI Capital Partners, LLC, the Partnerships, John M. Day and Sheldon M. Fox SIGNATURES After reasonable inquiry and to the best of each of the undersigned?s knowledge and belief, each of the undersigned certifies that the information set forth in this Statement is true, complete and correct. Date: February 11, 2016 KDI CAPITAL PARTNERS, LLC By: /s/ Sheldon M. Fox Name: Sheldon M. Fox Title: Managing Member A FEW VALUABLE BUSINESSES PARTNERSHIP By: KDI Capital Partners, LLC, General Partner By: /s/ Sheldon M. Fox Name: Sheldon M. Fox Title: Managing Member CAPITAL PARTNER INVESTMENTS LIMITED PARTNERSHIP By: KDI Capital Partners, LLC, General Partner By: /s/ Sheldon M. Fox Name: Sheldon M. Fox Title: Managing Member WORTHY COMPANIES LIMITED PARTNERSHIP By: KDI Capital Partners, LLC, General Partner By: /s/ Sheldon M. Fox Name: Sheldon M. Fox Title: Managing Member FINANCIAL ASCENT LIMITED PARTNERSHIP By: KDI Capital Partners, LLC, General Partner By: /s/ Sheldon M. Fox Name: Sheldon M. Fox Title: Managing Member OUTSTANDING BUSINESSES LIMITED PARTNERSHIP By: KDI Capital Partners, LLC, General Partner By: /s/ Sheldon M. Fox Name: Sheldon M. Fox Title: Managing Member FINANCIAL ASCENT TE LIMITED PARTNERSHIP By: KDI Capital Partners, LLC, General Partner By: /s/ Sheldon M. Fox Name: Sheldon M. Fox Title: Managing Member /s/ John M. Day John M. Day /s/ Sheldon M. Fox Sheldon M. Fox EXHIBIT 1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Common Stock of Stock Building Supply Holdings, Inc., and further agree that this Joint Filing Agreement shall be Included as an Exhibit to such joint filings. 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. This Joint Filing Agreement may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument. IN WITNESS WHEREOF, each of the undersigned has executed this Agreement as of February 11, 2016 KDI CAPITAL PARTNERS, LLC By: /s/ Sheldon M. Fox Name: Sheldon M. Fox Title: Managing Member A FEW VALUABLE BUSINESSES PARTNERSHIP By: KDI Capital Partners, LLC, General Partner By: /s/ Sheldon M. Fox Name: Sheldon M. Fox Title: Managing Member CAPITAL PARTNER INVESTMENTS LIMITED PARTNERSHIP By: KDI Capital Partners, LLC, General Partner By: /s/ Sheldon M. Fox Name: Sheldon M. Fox Title: Managing Member WORTHY COMPANIES LIMITED PARTNERSHIP By: KDI Capital Partners, LLC, General Partner By: /s/ Sheldon M. Fox Name: Sheldon M. Fox Title: Managing Member FINANCIAL ASCENT LIMITED PARTNERSHIP By: KDI Capital Partners, LLC, General Partner By: /s/ Sheldon M. Fox Name: Sheldon M. Fox Title: Managing Member OUTSTANDING BUSINESSES LIMITED PARTNERSHIP By: KDI Capital Partners, LLC, General Partner By: /s/ Sheldon M. Fox Name: Sheldon M. Fox Title: Managing Member FINANCIAL ASCENT TE LIMITED PARTNERSHIP By: KDI Capital Partners, LLC, General Partner By: /s/ Sheldon M. Fox Name: Sheldon M. Fox Title: Managing Member /s/ John M. Day John M. Day /s/ Sheldon M. Fox Sheldon M. Fox 1 1 US2000 13092063 2 US2000 13092063 2 US2000 13092063 2 ATLLIB01 1417186.1