0000919574-20-004273.txt : 20200623
0000919574-20-004273.hdr.sgml : 20200623
20200623213705
ACCESSION NUMBER: 0000919574-20-004273
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200619
FILED AS OF DATE: 20200623
DATE AS OF CHANGE: 20200623
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Solas Capital Management, LLC
CENTRAL INDEX KEY: 0001604867
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34964
FILM NUMBER: 20983672
BUSINESS ADDRESS:
STREET 1: 1063 POST ROAD
STREET 2: 2ND FLOOR
CITY: DARIEN
STATE: CT
ZIP: 06820
BUSINESS PHONE: 203-625-1300
MAIL ADDRESS:
STREET 1: 1063 POST ROAD
STREET 2: 2ND FLOOR
CITY: DARIEN
STATE: CT
ZIP: 06820
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: FREDERICK TUCKER GOLDEN
CENTRAL INDEX KEY: 0001609578
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34964
FILM NUMBER: 20983673
BUSINESS ADDRESS:
STREET 1: C/O SOLAS CAPITAL MANAGEMENT, LLC
STREET 2: 405 PARK AVENUE, 6TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: 212-415-6659
MAIL ADDRESS:
STREET 1: C/O SOLAS CAPITAL MANAGEMENT, LLC
STREET 2: 405 PARK AVENUE, 6TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10022
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: HG Holdings, Inc.
CENTRAL INDEX KEY: 0000797465
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 541272589
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2115 E. 7TH STREET, SUITE 101
CITY: CHARLOTTE
STATE: NC
ZIP: 28211
BUSINESS PHONE: 252-355-4610
MAIL ADDRESS:
STREET 1: 2115 E. 7TH STREET, SUITE 101
CITY: CHARLOTTE
STATE: NC
ZIP: 28211
FORMER COMPANY:
FORMER CONFORMED NAME: STANLEY FURNITURE CO INC.
DATE OF NAME CHANGE: 20060315
FORMER COMPANY:
FORMER CONFORMED NAME: STANLEY FURNITURE CO INC/
DATE OF NAME CHANGE: 19930908
FORMER COMPANY:
FORMER CONFORMED NAME: STANLEY FURNITURE CO INC
DATE OF NAME CHANGE: 19930908
4
1
ownership.xml
X0306
4
2020-06-19
0
0000797465
HG Holdings, Inc.
STLY
0001604867
Solas Capital Management, LLC
1063 POST ROAD
2ND FLOOR
DARIEN
CT
06820
0
0
1
0
0001609578
FREDERICK TUCKER GOLDEN
C/O SOLAS CAPITAL MANAGEMENT, LLC
1063 POST ROAD, 2ND FLOOR
DARIEN
CT
06820
0
0
1
0
Common Stock, par value $0.02 per share
2020-06-19
4
C
0
5488897
0.65
A
9696163
I
See footnote
Subscription Rights (right to buy)
0.65
2020-06-19
4
C
0
4207266
0
D
2020-05-18
2020-06-19
Common Stock, par value $0.02 per share
5488897
0
I
See footnote
Represents shares of the issuer's common stock purchased by the Reporting Persons from the exercise of their basic subscription rights under the issuer's rights offering that expired June 19, 2020. Rights holders who fully exercised their basic subscription privilege were entitled to an over-subscription privilege in which they could subscribe for additional shares of common stock, subject to reduction in certain circumstances.
The Reporting Persons elected to exercise their over-subscription privilege. However, because the over-subscription requests exceeded the number of shares of common stock available for sale in the rights offering, the issuer will allocate the available shares of common stock pro rata among each rights holder properly exercising their over-subscription privilege in proportion to the number of shares of common stock such person subscribed for under the basic subscription privilege. Consequently, the Reporting Persons will receive additional shares of common stock to the extent that its over-subscription privilege is fulfilled, but the actual number of additional shares of common stock will not be known until the proration process has been completed. Such additional shares of common stock (once determined) will be reported on an amendment to this Form 4 or on a subsequent Form 4.
The securities reported herein are held in multiple accounts. Solas Capital Management, LLC may be deemed to be a beneficial owner of such securities by virtue of its role as the investment manager of such accounts. Frederick Tucker Golden may be deemed to be a beneficial owner of such securities by virtue of his role as the portfolio manager of Solas Capital Management, LLC. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
SOLAS CAPITAL MANAGEMENT, LLC By: /s/ Frederick Tucker Golden Frederick Tucker Golden, Managing Member
2020-06-23
Frederick Tucker Golden /s/ Frederick Tucker Golden
2020-06-23