1 |
NAME OF REPORTING PERSON
Strategic Value Investors LP
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
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2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
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3 | SEC USE ONLY | ||
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
State of Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 |
SOLE VOTING POWER
0
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6 |
SHARED VOTING POWER
0
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7 |
SOLE DISPOSITIVE POWER
0
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8 |
SHARED DISPOSITIVE POWER
0
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9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
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12 |
TYPE OF REPORTING PERSON
PN
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1 |
NAME OF REPORTING PERSON
Ben Mackovak
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
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2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
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3 | SEC USE ONLY | ||
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 |
SOLE VOTING POWER
0
|
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6 |
SHARED VOTING POWER
0
|
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7 |
SOLE DISPOSITIVE POWER
0
|
||
8 |
SHARED DISPOSITIVE POWER
0
|
||
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
|
||
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
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12 |
TYPE OF REPORTING PERSON
IN
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1 |
NAME OF REPORTING PERSON
Umberto Fedeli
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
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2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
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3 | SEC USE ONLY | ||
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 |
SOLE VOTING POWER
0
|
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6 |
SHARED VOTING POWER
0
|
||
7 |
SOLE DISPOSITIVE POWER
0
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||
8 |
SHARED DISPOSITIVE POWER
0
|
||
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
|
||
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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||
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
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12 |
TYPE OF REPORTING PERSON
IN
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1 |
NAME OF REPORTING PERSON
Marty Adams
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
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2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
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3 | SEC USE ONLY | ||
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 |
SOLE VOTING POWER
0
|
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6 |
SHARED VOTING POWER
0
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7 |
SOLE DISPOSITIVE POWER
0
|
||
8 |
SHARED DISPOSITIVE POWER
0
|
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9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
|
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10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
|
||
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
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12 |
TYPE OF REPORTING PERSON
IN
|
1 |
NAME OF REPORTING PERSON
Strategic Value Bank Partners LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
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2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
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3 | SEC USE ONLY | ||
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
State of Ohio
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 |
SOLE VOTING POWER
0
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6 |
SHARED VOTING POWER
0
|
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7 |
SOLE DISPOSITIVE POWER
0
|
||
8 |
SHARED DISPOSITIVE POWER
0
|
||
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
|
||
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
|
||
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
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12 |
TYPE OF REPORTING PERSON
OO
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ITEM 1(a). |
NAME OF ISSUER:
HCSB FINANCIAL CORPORATION
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ITEM 1(b). |
ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
3640 Ralph Ellis Boulevard,
Loris, South Carolina 29569 |
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ITEM 2(a). |
NAME OF PERSON FILING:
Strategic Value Investors LP
Ben Mackovak Umberto Fedeli Marty Adams Strategic Value Bank Partners LLC |
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ITEM 2(b). |
ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The address of the business office of each of the Reporting
Person is 2000 Auburn Drive, Suite 300, Beachwood, OH 44122 |
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ITEM 2(c). |
CITIZENSHIP:
Strategic Value Investors LP - State of Delaware
Ben Mackovak - United States Umberto Fedeli - United States Marty Adams - United States Strategic Value Bank Partners LLC - State of Ohio |
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ITEM 2(d). |
TITLE OF CLASS OF SECURITIES:
Common Stock, par value $0.01 per share
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ITEM 2(e). |
CUSIP NUMBER:
40413R107
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ITEM 3. | IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-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 (15 U.S.C. 78c); | |
(b)
[ ] |
Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); | |
(c)
[ ] |
Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); | |
(d)
[ ] |
Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); | |
(e)
[X] |
An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); | |
(f)
[ ] |
An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); | |
(g)
[ ] |
A parent holding company or control person in accordance with 240.13d-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 (15 U.S.C. 80a-3); | |
(j)
[ ] |
A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); | |
(k)
[ ] |
Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: | |
ITEM 4. | OWNERSHIP | |
(a) Amount beneficially owned: | ||
0 | ||
(b) Percent of class: | ||
0.0% | ||
(c) Number of shares as to which the person has: | ||
(i) sole power to vote or to direct the vote: | ||
Strategic Value Investors LP - 0 Ben Mackovak - 0 Umberto Fedeli - 0 Marty Adams - 0 Strategic Value Bank Partners LLC - 0 |
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(ii) shared power to vote or to direct the vote: | ||
Strategic Value Investors LP - 0 Ben Mackovak - 0 Umberto Fedeli - 0 Marty Adams - 0 Strategic Value Bank Partners LLC - 0 |
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(iii) sole power to dispose or direct the disposition of: | ||
Strategic Value Investors LP - 0 Ben Mackovak - 0 Umberto Fedeli - 0 Marty Adams - 0 Strategic Value Bank Partners LLC - 0 |
||
(iv) shared power to dispose or to direct the disposition of: | ||
Strategic Value Investors LP - 0 Ben Mackovak - 0 Umberto Fedeli - 0 Marty Adams - 0 Strategic Value Bank Partners LLC - 0 |
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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
[X].
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ITEM 6. |
OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not Applicable.
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ITEM 7. |
IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Not Applicable.
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ITEM 8. |
IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
See Item 2.
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ITEM 9. |
NOTICE OF DISSOLUTION OF GROUP:
Not Applicable.
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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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August 14 2017 |
Strategic Value Investors LP
By:
/s/ Ben Mackovak
Name:
Ben Mackovak
Title:
Managing Member
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August 14 2017 |
Ben Mackovak
By:
/s/ Ben Mackovak
Name:
Ben Mackovak
Title:
Managing Member
|
August 14 2017 |
Umberto Fedeli
By:
/s/Umberto Fedeli
Name:
Umberto Fedeli
Title:
Managing Member
|
August 14 2017 |
Marty Adams
By:
/s/Marty Adams
Name:
Marty Adams
Title:
Managing Member
|
August 14 2017 |
Strategic Value Bank Partners LLC
By:
/s/Ben Mackovak
Name:
Ben Mackovak
Title:
Managing Member
|