SC 13D/A 1 fp0017539_sc13da.htm
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 

SCHEDULE 13D/A
(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)

Under the Securities Exchange Act of 1934
(Amendment No. 6)*

Stanley Furniture Company, Inc.
(Name of Issuer)

Common Stock, Par Value $0.02 Per Share
(Title of Class of Securities)

854305208
(CUSIP Number)
 
Steven A. Hale II
Manager
Hale Partnership Capital
Management, LLC
5960 Fairview Road, Suite 432
Charlotte, NC 28210
(704) 970-2012
 
Justyn R. Putnam
Managing Member
TALANTA Investment
Group, LLC
401 N. Tryon Street, 10th Floor
Charlotte, NC 28202
(704) 904-1450
 
with a copy to
Derek D. Bork
Thompson Hine LLP
3900 Key Center
127 Public Square
Cleveland, Ohio 44114
(216) 566-5500

(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)

January 7, 2016
(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), 13d-1(f), or 13d-1(g), check the following box        [   ]

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.
__________________
*
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.                          854305208
13D/A
Page 2

1
NAMES OF REPORTING PERSONS
 
HALE PARTNERSHIP CAPITAL MANAGEMENT, LLC
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [   ]
(b) [   ]
3
SEC USE ONLY
 
  
4
SOURCE OF FUNDS
 
OO; AF
  
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
 
[   ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
STATE OF NORTH CAROLINA, UNITED STATES OF AMERICA
  
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
0 Shares of Common Stock
  
8
SHARED VOTING POWER
 
642,798  Shares of Common Stock
  
9
SOLE DISPOSITIVE POWER
 
0 Shares of Common Stock
  
10
SHARED DISPOSITIVE POWER
 
642,798  Shares of Common Stock
  
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
642,798  Shares of Common Stock
  
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
[   ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
4.3% of the outstanding Common Stock
  
14
TYPE OF REPORTING PERSON
 
OO, IA
  

CUSIP NO.                          854305208
13D/A
Page 3

1
NAMES OF REPORTING PERSONS
 
HALE PARTNERSHIP CAPITAL ADVISORS, LLC
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [   ]
(b) [   ]
3
SEC USE ONLY
 
  
4
SOURCE OF FUNDS
 
OO; AF
  
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
 
[   ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
STATE OF NORTH CAROLINA, UNITED STATES OF AMERICA
  
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
0 Shares of Common Stock
  
8
SHARED VOTING POWER
 
642,798  Shares of Common Stock
  
9
SOLE DISPOSITIVE POWER
 
0 Shares of Common Stock
  
10
SHARED DISPOSITIVE POWER
 
642,798  Shares of Common Stock
  
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
642,798  Shares of Common Stock
  
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
[   ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
4.3% of the outstanding Common Stock
  
14
TYPE OF REPORTING PERSON
 
OO
  
 
CUSIP NO.                          854305208
13D/A
Page 4

1
NAMES OF REPORTING PERSONS
 
HALE PARTNERSHIP FUND, L.P.
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [   ]
(b) [   ]
3
SEC USE ONLY
 
  
4
SOURCE OF FUNDS
 
WC
  
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
 
[   ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
STATE OF DELAWARE, UNITED STATES OF AMERICA
  
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
0 Shares of Common Stock
  
8
SHARED VOTING POWER
 
588,900 Shares of Common Stock
  
9
SOLE DISPOSITIVE POWER
 
0 Shares of Common Stock
  
10
SHARED DISPOSITIVE POWER
 
588,900 Shares of Common Stock
  
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
588,900 Shares of Common Stock
  
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
[   ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
3.9% of the outstanding Common Stock
  
14
TYPE OF REPORTING PERSON
 
PN
  
 
CUSIP NO.                          854305208
13D/A
Page 5

1
NAMES OF REPORTING PERSONS
 
MGEN II – HALE FUND, L.P.
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [   ]
(b) [   ]
3
SEC USE ONLY
 
  
4
SOURCE OF FUNDS
 
WC
  
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
 
[   ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
STATE OF DELAWARE, UNITED STATES OF AMERICA
  
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
0 Shares of Common Stock
  
8
SHARED VOTING POWER
 
53,898 Shares of Common Stock
  
9
SOLE DISPOSITIVE POWER
 
0 Shares of Common Stock
  
10
SHARED DISPOSITIVE POWER
 
53,898 Shares of Common Stock
  
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
53,898 Shares of Common Stock
  
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
[   ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.4% of the outstanding Common Stock
  
14
TYPE OF REPORTING PERSON
 
PN
  
 
CUSIP NO.                          854305208
13D/A
Page 6

1
NAMES OF REPORTING PERSONS
 
STEVEN A. HALE II
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [   ]
(b) [   ]
3
SEC USE ONLY
 
  
4
SOURCE OF FUNDS
 
OO; AF
  
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
 
[   ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
UNITED STATES OF AMERICA
  
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
0 Shares of Common Stock
  
8
SHARED VOTING POWER
 
642,798  Shares of Common Stock
  
9
SOLE DISPOSITIVE POWER
 
0 Shares of Common Stock
  
10
SHARED DISPOSITIVE POWER
 
642,798  Shares of Common Stock
  
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
642,798  Shares of Common Stock
  
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
[   ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
4.3% of the outstanding Common Stock
  
14
TYPE OF REPORTING PERSON
 
IN
  
 
CUSIP NO.                          854305208
13D/A
Page 7

1
NAMES OF REPORTING PERSONS
 
TALANTA INVESTMENT GROUP, LLC
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [   ]
(b) [   ]
3
SEC USE ONLY
 
  
4
SOURCE OF FUNDS
 
OO; AF
  
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
 
[   ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
STATE OF DELAWARE, UNITED STATES OF AMERICA
  
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
0 Shares of Common Stock
  
8
SHARED VOTING POWER
 
693,146 Shares of Common Stock
  
9
SOLE DISPOSITIVE POWER
 
0 Shares of Common Stock
  
10
SHARED DISPOSITIVE POWER
 
693,146 Shares of Common Stock
  
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
693,146 Shares of Common Stock
  
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
[   ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
4.6% of the outstanding Common Stock
  
14
TYPE OF REPORTING PERSON
 
OO
  
 
CUSIP NO.                          854305208
13D/A
Page 8

1
NAMES OF REPORTING PERSONS
 
TALANTA FUND, L.P.
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [   ]
(b) [   ]
3
SEC USE ONLY
 
  
4
SOURCE OF FUNDS
 
WC
  
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
 
[   ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
STATE OF DELAWARE, UNITED STATES OF AMERICA
  
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
0 Shares of Common Stock
  
8
SHARED VOTING POWER
 
693,146 Shares of Common Stock
  
9
SOLE DISPOSITIVE POWER
 
0 Shares of Common Stock
  
10
SHARED DISPOSITIVE POWER
 
693,146 Shares of Common Stock
  
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
693,146 Shares of Common Stock
  
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
[   ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
4.6% of the outstanding Common Stock
  
14
TYPE OF REPORTING PERSON
 
PN
  
 
CUSIP NO.                          854305208
13D/A
Page 9

1
NAMES OF REPORTING PERSONS
 
JUSTYN R. PUTNAM
  
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [   ]
(b) [   ]
3
SEC USE ONLY
 
  
4
SOURCE OF FUNDS
 
OO; AF
  
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
 
[   ]
6
CITIZENSHIP OR PLACE OF ORGANIZATION
 
STATE OF DELAWARE, UNITED STATES OF AMERICA
  
 
 
 
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
7
SOLE VOTING POWER
 
0 Shares of Common Stock
  
8
SHARED VOTING POWER
 
693,146 Shares of Common Stock
  
9
SOLE DISPOSITIVE POWER
 
0 Shares of Common Stock
  
10
SHARED DISPOSITIVE POWER
 
693,146 Shares of Common Stock
  
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
693,146 Shares of Common Stock
  
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
[   ]
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
4.6% of the outstanding Common Stock
  
14
TYPE OF REPORTING PERSON
 
IN
  
 
CUSIP NO.                          854305208
13D/A
Page 10
 
This Amendment No. 6 to Statement of Beneficial Ownership on Schedule 13D (this “Amendment No. 6”) amends the Statement of Beneficial Ownership on Schedule 13D filed by the Reporting Persons on December 22, 2014, as amended (the “Schedule 13D”, and as further amended by this Amendment No. 6, this “Statement”), with respect to the Common Stock, par value $0.02 per share (the “Common Stock”), of Stanley Furniture Company, Inc., a Delaware corporation (the “Company”). Except as amended and supplemented by this Amendment No. 6, the Schedule 13D remains unchanged.

This Statement is filed by (i) Hale Partnership Capital Management, LLC (“Hale Adviser”), (ii) Hale Partnership Capital Advisors, LLC (“Hale GP”), (iii) Hale Partnership Fund, L.P. (“Hale Fund I”), (iv) MGEN II – Hale Fund, L.P. (“Hale Fund II” and collectively with Hale Fund I, the “Hale Funds”), (v) Steven A. Hale II (“Mr. Hale”), (vi) TALANTA Investment Group, LLC (“TALANTA GP”), (vii) TALANTA Fund, L.P. (“TALANTA Fund”), and (viii) Justyn R. Putnam (“Mr. Putnam”) (each, a “Reporting Person” and collectively, the “Reporting Persons”).  The Reporting Persons are filing this Statement jointly.

Item 3. Source and Amount of Funds or Other Consideration

All purchases of the Common Stock have been made by or on behalf of the Funds using the investment capital of the Funds.  The aggregate purchase price of the Common Stock acquired was approximately $3,603,002.71 (excluding brokerage commissions and transaction costs).

Item 4. Purpose of Transaction

On January 7, 2016, the Reporting Persons entered into an agreement with the Company, pursuant to which the Company appointed Justyn R. Putnam to the Board of Directors of the Company (the “Board”) and each of its committees, effective immediately, for a term expiring at the Company’s 2016 Annual Stockholders Meeting (the “2016 Annual Meeting”), and the Reporting Persons withdrew their nominations of two candidates for election to the Board at the 2016 Annual Meeting.  With the addition of Mr. Putnam, the Board has been expanded to seven directors.  Pursuant to the agreement, the Board has also nominated Mr. Putnam for election by the stockholders at the 2016 Annual Meeting for a term that will expire at the Company’s 2019 Annual Meeting of Stockholders (the “2019 Annual Meeting”).  The Board has approved reducing the Board back to six directors effective at the 2016 Annual Meeting when the term of Mr. D. Paul Dascoli expires.

In addition, pursuant to the agreement, the Company agreed to form a special committee consisting of John D. Lapey, Michael P. Haley, Justyn Putnam and Jeffrey S. Gilliam, who was appointed to the Board pursuant to a prior agreement by and among the Company and the Reporting Persons, with Mr. Putnam as chairman, which committee will be authorized and directed to consider potential strategic and capital allocation opportunities that may be available to the Company, including potential acquisition transactions to enhance product offerings and expand distribution channels, leveraging on the strength of the Company’s balance sheet including its net operating loss carry-forwards.

In the event that the Company does not achieve Net Sales growth for the fiscal year ended December 31, 2016 (“fiscal 2016”) of at least 5% from the Net Sales reported by the Company for the fiscal year ended December 31, 2015, as reported in its Annual Report on Form 10-K for fiscal 2016, then the Company agreed to promptly after the filing of such 10-K with the Securities and Exchange Commission (the “SEC”), but not later than March 31, 2017, expand the size of the Board by one member with a term expiring at the 2019 Annual Meeting, and the Reporting Persons would recommend an additional, independent director for expeditious appointment by the Board.
CUSIP NO.                          854305208
13D/A
Page 11

The agreement contains various other terms and provisions, including with respect to standstill and voting commitments entered into by the Reporting Persons.  The agreement is attached hereto as Exhibit 99.1 and is hereby incorporated herein by reference.  The foregoing description is not complete and is qualified in its entirety by reference to the full text of the agreement.

 None of the Reporting Persons has any present plan or proposal that would result in any of the actions described in paragraphs (a) through (j) of Item 4 of Schedule 13D, except as described in this Statement or as may be proposed by the Reporting Persons’ director nominees in their capacities as directors of the Company or by such Board with the participation of such director nominees. The Reporting Persons reserve the right in the future to formulate any such plans or proposals, and to take any actions with respect to their investments in the Company, including any or all of the actions described in paragraphs (a) through (j) of Item 4 of Schedule 13D.

The Reporting Persons may in the future acquire additional shares of common stock of the Company or dispose of some or all of the shares of common stock of the Company held by them in open-market transactions or privately negotiated transactions, on such terms and at such times as the Reporting Persons may deem advisable, subject to applicable law.

Item 5. Interest in Securities of the Issuer

(a)-(b)            The Reporting Persons beneficially own in the aggregate 1,335,944 shares of Common Stock, which represents approximately 9.0% of the Company’s outstanding shares of Common Stock.

Each of the Hale Funds and the TALANTA Fund directly holds the number and percentage of shares of Common Stock disclosed as beneficially owned by it in the applicable table set forth on the cover page to this Statement. None of the other Reporting Persons directly hold any of the shares of Common Stock disclosed in this Statement.

Each percentage ownership of shares of Common Stock set forth in this Statement is based on 14,911,453 shares of Common Stock reported by the Company as outstanding as of October 23, 2015 in its Quarterly Report on Form 10-Q filed with the SEC on October 27, 2015.

Hale Adviser, as the investment manager of the Hale Funds, Hale GP, as the general partner of the Hale Funds, and Mr. Hale, as the sole manager of Hale Adviser and Hale GP, may be deemed to have the shared power to direct the voting and disposition of shares of Common Stock beneficially owned by the Hale Funds, and consequently Hale Adviser, Hale GP and Mr. Hale may be deemed to possess indirect beneficial ownership of such shares.  Hale Adviser, Hale GP and Mr. Hale disclaim beneficial ownership of such shares for all other purposes.

TALANTA GP, as general partner of the TALANTA Fund, and Mr. Putnam, as managing member of TALANTA GP, may be deemed to have the shared power to direct the voting and disposition of shares of Common Stock beneficially owned by the TALANTA Fund, and consequently TALANTA GP and Mr. Putnam may be deemed to possess indirect beneficial ownership of such shares.  TALANTA GP and Mr. Putnam disclaim beneficial ownership of such shares for all other purposes.
CUSIP NO.                          854305208
13D/A
Page 12

(c)            The following table sets forth all transactions with respect to the Common Stock effected by the Reporting Persons since the Reporting Persons filed Amendment No. 5 to the Schedule 13D with the SEC on December 4, 2015.  Each of these transactions was effected through the open market.

Beneficial Ownership
Transaction Date
Number of
Shares Bought/(Sold)
Price per Share
(excluding commission) ($)
HALE PARTNERSHIP FUND, L.P.
2015-12-15
200
2.6
HALE PARTNERSHIP FUND, L.P.
2015-12-15
157
2.6
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
5
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
CUSIP NO.                          854305208
13D/A
Page 13

HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
2,100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
500
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
400
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
700
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
300
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
300
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
75
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
10,575
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
125
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
2,000
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
1,300
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
1,000
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
600
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
400
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
1,200
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
300
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.72
CUSIP NO.                          854305208
13D/A
Page 14

HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
106
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.73
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
200
2.72
HALE PARTNERSHIP FUND, L.P.
2015-12-22
100
2.76
HALE PARTNERSHIP FUND, L.P.
2016-01-07
100
2.61
HALE PARTNERSHIP FUND, L.P.
2016-01-07
100
2.61
HALE PARTNERSHIP FUND, L.P.
2016-01-07
100
2.61
HALE PARTNERSHIP FUND, L.P.
2016-01-07
300
2.61
HALE PARTNERSHIP FUND, L.P.
2016-01-07
200
2.61
HALE PARTNERSHIP FUND, L.P.
2016-01-07
100
2.61
HALE PARTNERSHIP FUND, L.P.
2016-01-07
300
2.61
HALE PARTNERSHIP FUND, L.P.
2016-01-07
300
2.61
HALE PARTNERSHIP FUND, L.P.
2016-01-07
300
2.61
HALE PARTNERSHIP FUND, L.P.
2016-01-07
200
2.61
HALE PARTNERSHIP FUND, L.P.
2016-01-07
300
2.61
HALE PARTNERSHIP FUND, L.P.
2016-01-07
600
2.61
HALE PARTNERSHIP FUND, L.P.
2016-01-07
300
2.61
HALE PARTNERSHIP FUND, L.P.
2016-01-07
640
2.61
HALE PARTNERSHIP FUND, L.P.
2016-01-07
300
2.61
HALE PARTNERSHIP FUND, L.P.
2016-01-07
600
2.61
HALE PARTNERSHIP FUND, L.P.
2016-01-07
300
2.61
HALE PARTNERSHIP FUND, L.P.
2016-01-07
100
2.61
HALE PARTNERSHIP FUND, L.P.
2016-01-07
200
2.61
HALE PARTNERSHIP FUND, L.P.
2016-01-08
180
2.61
HALE PARTNERSHIP FUND, L.P.
2016-01-08
120
2.61
HALE PARTNERSHIP FUND, L.P.
2016-01-08
100
2.61


CUSIP NO.                          854305208
13D/A
Page 15

Beneficial Ownership
Transaction Date
Number of
Shares Bought/(Sold)
Price per Share
(excluding commission)($)
TALANTA FUND, L.P.
2015-12-8
2,201
2.79
TALANTA FUND, L.P.
2015-12-8
1,800
2.80
TALANTA FUND, L.P.
2015-12-9
200
2.79
TALANTA FUND, L.P.
2015-12-10
580
2.79
TALANTA FUND, L.P.
2015-12-11
2,511
2.79
TALANTA FUND, L.P.
2015-12-14
1,702
2.79
TALANTA FUND, L.P.
2015-12-14
4,622
2.80
TALANTA FUND, L.P.
2015-12-14
2,400
2.80
TALANTA FUND, L.P.
2015-12-14
3,624
2.76
TALANTA FUND, L.P.
2015-12-15
3,800
2.73
TALANTA FUND, L.P.
2015-12-16
4,949
2.73
TALANTA FUND, L.P.
2015-12-16
51
2.74
TALANTA FUND, L.P.
2015-12-18
100
2.65

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer

Information set forth under Item 4 hereof is hereby incorporated herein by reference.

Pursuant to Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, the Reporting Persons have entered into an agreement with respect to the joint filing of this Amendment No. 6, which agreement is set forth on the signature page to this Statement.

Item 7.
Material to Be Filed as Exhibits

99.1.            Agreement, dated January 7, 2016, by and among the Company and the Reporting Persons as listed on Exhibit A thereto.
 
CUSIP NO.                          854305208
13D/A
Page 16
 
Signature

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.

In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of this Statement on Schedule 13D with respect to the Common Stock of the Company.
 
  Date: January 12, 2016  
     
HALE PARTNERSHIP CAPITAL MANAGEMENT, LLC
  
         
 
By:
/s/ Steven A. Hale II 
  
 
Name:
Steven A. Hale II
  
 
Title:
Manager 
  
         
 
HALE PARTNERSHIP CAPITAL ADVISORS, LLC
  
         
 
By:
/s/ Steven A. Hale II 
  
 
Name:
Steven A. Hale II 
  
 
Title:
Manager 
  
         
 
HALE PARTNERSHIP FUND, L.P.
  
         
 
By:
Hale Partnership Capital Advisors, LLC, its General Partner
  
         
   
By:
/s/ Steven A. Hale II
  
   
Name:
Steven A. Hale II
  
   
Title:
Manager
  
         
 
MGEN II – HALE FUND, L.P.
  
         
 
By:
Hale Partnership Capital Advisors, LLC, its General Partner
  
         
   
By:
/s/ Steven A. Hale II
  
   
Name:
Steven A. Hale II
  
   
Title:
Manager
  
         
 
/s/ Steven A. Hale II
  
 
STEVEN A. HALE II
  

CUSIP NO.                          854305208
13D/A
Page 17
 
TALANTA INVESTMENT GROUP, LLC  
       
 
By:
/s/ Justyn R. Putnam
  
 
Name:
Justyn R. Putnam
  
 
Title:
Managing Member
  
 
   TALANTA FUND, L.P.   
       
 
By:
TALANTA Investment Group, LLC,
  
   
its General Partner
  
         
   
By:
/s/ Justyn R. Putnam
  
   
Name:
Justyn R. Putnam
  
   
Title:
Managing Member
  
         
 
/s/ Justyn R. Putnam
  
 
JUSTYN R. PUTNAM