0000807249-16-000298.txt : 20160126 0000807249-16-000298.hdr.sgml : 20160126 20160126131025 ACCESSION NUMBER: 0000807249-16-000298 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20160126 DATE AS OF CHANGE: 20160126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SEVCON, INC. CENTRAL INDEX KEY: 0000825411 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] IRS NUMBER: 042985631 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-39399 FILM NUMBER: 161360770 BUSINESS ADDRESS: STREET 1: 155 NORTHBORO ROAD CITY: SOUTHBOROUGH STATE: MA ZIP: 01772 BUSINESS PHONE: 5082815510 MAIL ADDRESS: STREET 1: 155 NORTHBORO ROAD CITY: SOUTHBOROUGH STATE: MA ZIP: 01772 FORMER COMPANY: FORMER CONFORMED NAME: TECH OPS SEVCON INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GABELLI EQUITY SERIES FUNDS INC CENTRAL INDEX KEY: 0000877670 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: ONE CORPORATE CENTER CITY: RYE STATE: NY ZIP: 10580 BUSINESS PHONE: 2123098448 MAIL ADDRESS: STREET 1: ONE CORPORATE CENTER CITY: RYE STATE: NY ZIP: 10580 SC 13G/A 1 sev13g_04.htm  


 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 
SCHEDULE 13G

 
Under the Securities Exchange Act of 1934
 
(Amendment No. 4)*

 
Sevcon, Inc.
(Name of Issuer)


 
Common Stock
(Title of Class of Securities)


 
81783K108
(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:

[X] Rule 13d-1(b)
[   ] Rule 13d-1(c)
[   ] Rule 13d-1(d)



*The remainder of this cover page shall be filled out for the 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).



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CUSIP No. 81783K108
1
Names of reporting persons
I.R.S. identification nos. of above persons (entities only)
Gabelli Equity Series Funds, Inc. - The Gabelli Small Cap Growth Fund       I.D. No.  13-3626993
 
2
Check the appropriate box if a member of a group (SEE INSTRUCTIONS)                                                                                                                                                                                        (a)  
 
 
(b)  X
 
3
Sec use only
 
4
Citizenship or place of organization
   Maryland
 
Number Of
 
Shares
 
Beneficially
 
Owned
 
By Each
 
Reporting
 
Person
 
With
: 5
:
:
:
Sole voting power
 
480,294
: 6
:
:
:
Shared voting power
 
None
: 7
:
:
:
Sole dispositive power
 
0
:8
:
:
:
Shared dispositive power
 
None
9
 
 
 
Aggregate amount beneficially owned by each reporting person
 
480,294
10
 
 
 
Check box if the aggregate amount in row (9) excludes certain shares
(SEE INSTRUCTIONS)
11
 
 
 
Percent of class represented by amount in row (9)
 
12.39%
12
 
 
 
Type of reporting person (SEE INSTRUCTIONS)                                                                                                                              
    IV
2

Item 1(a).    Name of Issuer
 
Sevcon, Inc. (the "Issuer")
 
Item 1(b).    Address of Issuer's Principal Executive Offices
 

155 Northboro Road
Southborough, Massachusetts 01772
 
Item 2(a).    Name of Person Filing
         
                Gabelli Equity Series Funds, Inc. - The Gabelli Small Cap Growth Fund (the "Reporting Person")
 
Item 2(b).    Address of Principal Business Offices
 
One Corporate Center, Rye, N.Y. 10580
 
Item 2(c).    Citizenship
 
Maryland
 
Item 2(d).    Title of Class of Securities
 
Common Stock
 
Item 2(e).    CUSIP No.
 
                81783K108
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 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.
[X] Investment company registered under Section 8 of the Investment Company Act of 1940;
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 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;
j.
[  ] A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);
k.
[  ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____
 
Item 4.    Ownership

The aggregate number of Securities to which this Schedule 13G relates is 480,294 shares, representing 12.39% of the 3,875,166 shares outstanding. This latter number of shares is arrived by adding the number of shares reported as being outstanding in the Issuer's most recent Form 10-K for the fiscal year ended September 30, 2015 (3,694,872) to the number of shares (180,294 shares) which would be receivable to the Reporting Persons if they were to convert all of the Issuer's Series A Convertible Preferred Stock held by them into common shares. The 3,875,166 shares outstanding used to calculate the Reporting Person's 12.39% ownership assumes no other shareholder converts their preferred stock to common.

 In accordance with the policies and procedures of the Reporting Person, the proxy voting committee of the Reporting Person exercises in its sole discretion the entire voting power with respect to all shares of the Issuer held and to be held by the Reporting Person until such committee otherwise determines. Accordingly, the investment adviser to the Reporting Person has no voting authority but continues to have sole dispositive power over such shares.
 
Item 5.    Ownership of Five Percent or Less of a Class
 
Not applicable.

Item 6.    Ownership of More than 5 Percent on Behalf of Another Person

As indicated in the response to Item 4, the investment adviser, Gabelli Funds, LLC, has sole dispositive power over all shares of the Issuer held by the Reporting Person.

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 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.
 
 
 
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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:             January 26, 2016








GABELLI EQUITY SERIES FUNDS, INC. -
THE GABELLI SMALL CAP GROWTH FUND



By: /s/ Bruce N. Alpert____
   Bruce N. Alpert
   President




















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