0001214659-21-007911.txt : 20210728 0001214659-21-007911.hdr.sgml : 20210728 20210728172007 ACCESSION NUMBER: 0001214659-21-007911 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20210728 DATE AS OF CHANGE: 20210728 GROUP MEMBERS: TONTINE FINANCIAL PARTNERS, L.P. GROUP MEMBERS: TONTINE MANAGEMENT, L.L.C. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HMN FINANCIAL INC CENTRAL INDEX KEY: 0000921183 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 411777397 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-46195 FILM NUMBER: 211123720 BUSINESS ADDRESS: STREET 1: 1016 CIVIC CENTER DRIVE NORTHWEST CITY: ROCHESTER STATE: MN ZIP: 55901 BUSINESS PHONE: 5075351200 MAIL ADDRESS: STREET 1: 1016 CIVIC CENTER DRIVE NW CITY: ROCHESTER STATE: MN ZIP: 55901 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GENDELL JEFFREY L ET AL CENTRAL INDEX KEY: 0000948904 FILING VALUES: FORM TYPE: SC 13D/A MAIL ADDRESS: STREET 2: 200 PARK AVENUE SUITE 3900 CITY: NEW YORK STATE: NY ZIP: 10166 SC 13D/A 1 s728211sc13da7.htm AMENDMENT NO. 7

 

 

SECURITIES AND EXCHANGE COMMISSION  
Washington, D.C. 20549  
   
SCHEDULE 13D/A
 
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
 
HMN Financial, Inc.
(Name of Issuer)
 
Common Stock
(Title of Class of Securities)
 
40424G108
(CUSIP Number)
 
 
Jeffrey L. Gendell
1 Sound Shore Drive, Suite 304, Greenwich, Connecticut 06830
(203) 769-2000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
 
July 21, 2021
(Date of Event Which Requires Filing of This Statement)
 

  

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. ¨

______________________________

 

(Page 1 of 6 Pages)

 

* 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 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 ("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. 40424G108SCHEDULE 13D/APage 2 of 6 Pages

 

1

NAME OF REPORTING PERSON

Tontine Financial Partners, L.P.

 

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) o

(b) o

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

314,748

 

9

SOLE DISPOSITIVE POWER

-0-

 

10

SHARED DISPOSITIVE POWER

314,748

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

314,748

 

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

6.78%

 

14

TYPE OF REPORTING PERSON

PN

 

         

  
CUSIP No. 40424G108SCHEDULE 13D/APage 3 of 6 Pages

 

1

NAME OF REPORTING PERSON

Tontine Management, L.L.C.

 

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) o

(b) o

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

314,748

 

9

SOLE DISPOSITIVE POWER

-0-

 

10

SHARED DISPOSITIVE POWER

314,748

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

314,748

 

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

6.78%

 

14

TYPE OF REPORTING PERSON

00

 

         

  
CUSIP No. 40424G108SCHEDULE 13D/APage 4 of 6 Pages

 

1

NAME OF REPORTING PERSON

Jeffrey L. Gendell

 

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) o

(b) o

3 SEC USE ONLY
4

SOURCE OF FUNDS

00

 

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

314,748

 

9

SOLE DISPOSITIVE POWER

-0-

 

10

SHARED DISPOSITIVE POWER

314,748

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

314,748

 

12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

6.78%

 

14

TYPE OF REPORTING PERSON

IN

 

         

  
CUSIP No. 40424G108SCHEDULE 13D/APage 5 of 6 Pages

 

Item 1. SECURITY AND ISSUER
   
 

This Schedule 13D/A (this "Amendment No. 7") amends the Schedule 13D originally filed with the Securities and Exchange Commission (the "SEC") on May 12, 2003 (the "Original Schedule 13D"), relating to the shares of common stock, $0.01 par value (the "Common Stock"), of HMN Financial, Inc. (the "Company"), as amended by Amendment No. 1, filed with the SEC on May 30, 2003, Amendment No. 2, filed with the SEC on July 1, 2011, Amendment No. 3, filed with the SEC on May 11, 2012, Amendment No. 4, filed with the SEC on September 8, 2015, Amendment No. 5, filed with the SEC on February 16, 2018, and Amendment No. 6, filed with the SEC on January 18, 2019. The Company's principal executive offices are located at 1016 Civic Center Drive NW, Rochester, Minnesota 55901. The Original Schedule 13D, as amended by Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6 and this Amendment No. 7, is hereinafter referred to as this "Schedule 13D". Capitalized terms used herein and not otherwise defined in this Amendment No. 7 have the meanings set forth in the Original Schedule 13D, Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5 or Amendment No. 6. This Amendment No. 7 amends Item 5(a)-(c) of the Schedule 13D as set forth below.

 

Item 5.

INTEREST IN SECURITIES OF THE ISSUER

 

Item 5(a)-(c) is hereby amended and restated as follows:

 

  (a) Tontine Financial Partners, L.P.
    (a)

Aggregate number of shares beneficially owned: 314,748

Percentage: 6.78%. The percentages used in this Schedule 13D are calculated based on 4,644,575 shares of Common Stock issued and outstanding, which is calculated based on the number of shares of Common Stock issued at June 30, 2021, less the number of shares of treasury stock at June 30, 2021, as reported in the Company’s Current Report on Form 8-K filed with the SEC on July 21, 2021.

    (b) 1. Sole power to vote or direct vote: -0-
      2. Shared power to vote or direct vote: 314,748
      3. Sole power to dispose or direct the disposition: -0-
      4. Shared power to dispose or direct the disposition: 314,748
    (c) Not applicable.

 

  (b) Tontine Management, L.L.C.
    (a) Aggregate number of shares beneficially owned: 314,748
      Percentage: 6.78%
    (b) 1. Sole power to vote or direct vote: -0-
      2. Shared power to vote or direct vote: 314,748
      3. Sole power to dispose or direct the disposition: -0-
      4. Shared power to dispose or direct the disposition: 314,748
    (c) Not applicable.

 

  (c) Jeffrey L. Gendell
    (a) Aggregate number of shares beneficially owned: 314,748
      Percentage: 6.78%
    (b) 1. Sole power to vote or direct vote: -0-
      2. Shared power to vote or direct vote: 314,748
      3. Sole power to dispose or direct the disposition: -0-
      4. Shared power to dispose or direct the disposition: 314,748
    (c) Not applicable.

 

  
CUSIP No. 40424G108SCHEDULE 13D/APage 6 of 6 Pages

 

SIGNATURES

 

After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Date: July 28, 2021

 

JEFFREY L. GENDELL    
     
     
/s/ Jeffrey L. Gendell      
     
     
TONTINE MANAGEMENT, L.L.C.    
By: Jeffrey L. Gendell, its managing member    
     
/s/ Jeffrey L. Gendell      
     
     
TONTINE FINANCIAL PARTNERS, L.P.    
By:  Tontine Management, L.L.C., its general partner    
By:  Jeffrey L. Gendell, its managing member    
     
/s/ Jeffrey L. Gendell