SC 13G/A 1 v400772_sc13g-a.htm SC 13G/A

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

(Rule 13d-102)

 

Under the Securities Exchange Act of 1934

 

(Amendment No. 1)*

 

Kelso Technologies Inc.

Name of Issuer

 

Common Shares

(Title of Class of Securities)

 

48826D201

(CUSIP Number)

 

December 31, 2014

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this schedule is filed:

¨Rule 13d-1(b)
xRule 13d-1(c)
¨Rule 13d-1(d)

 

*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 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).

 

 
 

 

 

1.   NAME OF REPORTING PERSON  
  I.R.S. Identification Nos. of above persons (entities only).  
     
  Cadinha & Co. LLC  
 
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ¨
    (b)  x
3.    SEC USE ONLY  
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION Delaware

 

NUMBER OF SHARES 5. SOLE VOTING POWER 2,504,510 shares
BENEFICIALLY OWNED      
BY 6. SHARED VOTING POWER None
EACH REPORTING      
PERSON WITH: 7. SOLE DISPOSITIVE POWER 2,504,510 shares
       
  8. SHARED DISPOSITIVE POWER None

 

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,504,510 shares
     
  2,504,510 shares which consist of (i) 1,713,810 shares held by Cadinha & Co. LLC (“Cadinha”); (ii) 748,800 shares held by Harlan J. Cadinha; (iii) 11,600 shares held by Neil Rose; (iv) 9,300 shares held by Harold Henderson; (v) 1,000 shares held by Arthur Mallet; and (vi) 20,000 shares held by Robyn Macy, all of which Cadinha may be deemed to beneficially own by virtue of the fact that Harlan J. Cadinha is the Chairman and Chief Investment Strategist of Cadinha; Neil Rose is Executive Vice President and Chief Investment Officer of Cadinha; Harold Henderson is an employee of Cadinha; Arthur Mallet is a Managing Director of Cadinha; and Robyn Macy is a Vice President of Cadinha.
     
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨
     
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.6%*
     
12. TYPE OF REPORTING PERSON IA

 

*Based on 45,096,752 shares outstanding as of November 6, 2014, as reported in the Issuer’s Interim Financial Statements and Management Discussion and Analysis filed on Form 6-K with the Securities and Exchange Commission on November 7, 2014.

 

 
 

 

1.   NAME OF REPORTING PERSON  
  I.R.S. Identification Nos. of above persons (entities only).  
     
  Harlan J. Cadinha  
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ¨
    (b)  x
3.    SEC USE ONLY  
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION United States

 

NUMBER OF SHARES 5. SOLE VOTING POWER 748,800 shares
BENEFICIALLY OWNED      
BY 6. SHARED VOTING POWER None
EACH REPORTING      
PERSON WITH: 7. SOLE DISPOSITIVE POWER 748,800 shares
       
  8. SHARED DISPOSITIVE POWER None

 

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 748,800 shares
   
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN  SHARES ¨
     
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.7%*
     
12. TYPE OF REPORTING PERSON HC

 

*Based on 45,096,752 shares outstanding as of November 6, 2014, as reported in the Issuer’s Interim Financial Statements and Management Discussion & Analysis filed on Form 6-K with the Securities and Exchange Commission on November 7, 2014.

 

 
 

 

1.   NAME OF REPORTING PERSON  
  I.R.S. Identification Nos. of above persons (entities only).  
     
  Neil Rose  
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ¨
    (b)  x
3.    SEC USE ONLY  
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION United States

 

NUMBER OF SHARES 5. SOLE VOTING POWER 11,600 shares
BENEFICIALLY OWNED      
BY 6. SHARED VOTING POWER None
EACH REPORTING      
PERSON WITH: 7. SOLE DISPOSITIVE POWER 11,600 shares
       
  8. SHARED DISPOSITIVE POWER None

 

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,600 shares
   
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%*
     
12. TYPE OF REPORTING PERSON IN

 

*Based on 45,096,752 shares outstanding as of November 6, 2014, as reported in the Issuer’s Interim Financial Statements and Management Discussion & Analysis filed on Form 6-K with the Securities and Exchange Commission on November 7, 2014.

 

 
 

 

1.   NAME OF REPORTING PERSON  
  I.R.S. Identification Nos. of above persons (entities only).  
     
  Harold Henderson  
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ¨
    (b)  x
3.    SEC USE ONLY  
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION United States

 

NUMBER OF SHARES 5. SOLE VOTING POWER 9,300 shares
BENEFICIALLY OWNED      
BY 6. SHARED VOTING POWER None
EACH REPORTING      
PERSON WITH: 7. SOLE DISPOSITIVE POWER 9,300 shares
       
  8. SHARED DISPOSITIVE POWER None

 

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,300 shares
   
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%*
     
12. TYPE OF REPORTING PERSON IN

 

*Based on 45,096,752 shares outstanding as of November 6, 2014, as reported in the Issuer’s Interim Financial Statements and Management Discussion & Analysis filed on Form 6-K with the Securities and Exchange Commission on November 7, 2014.

 

 
 

 

1.   NAME OF REPORTING PERSON  
  I.R.S. Identification Nos. of above persons (entities only).  
     
  Arthur Mallet  
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ¨
    (b)  x
3.    SEC USE ONLY  
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION United States

 

NUMBER OF SHARES 5. SOLE VOTING POWER 1,000 shares
BENEFICIALLY OWNED      
BY 6. SHARED VOTING POWER None
EACH REPORTING      
PERSON WITH: 7. SOLE DISPOSITIVE POWER 1,000 shares
       
  8. SHARED DISPOSITIVE POWER None

 

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,000 shares
   
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%*
     
12. TYPE OF REPORTING PERSON IN

 

*Based on 45,096,752 shares outstanding as of November 6, 2014, as reported in the Issuer’s Interim Financial Statements and Management Discussion & Analysis filed on Form 6-K with the Securities and Exchange Commission on November 7, 2014.

 

 
 

 

1.   NAME OF REPORTING PERSON  
  I.R.S. Identification Nos. of above persons (entities only).  
     
  Robyn Macy  
     
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)  ¨
    (b)  x
3.    SEC USE ONLY  
     
4.   CITIZENSHIP OR PLACE OF ORGANIZATION United States

 

NUMBER OF SHARES 5. SOLE VOTING POWER 20,000 shares
BENEFICIALLY OWNED      
BY 6. SHARED VOTING POWER None
EACH REPORTING      
PERSON WITH: 7. SOLE DISPOSITIVE POWER 20,000 shares
       
  8. SHARED DISPOSITIVE POWER None

 

9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 20,000 shares
   
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%*
     
12. TYPE OF REPORTING PERSON IN

 

*Based on 45,096,752 shares outstanding as of November 6, 2014, as reported in the Issuer’s Interim Financial Statements and Management Discussion & Analysis filed on Form 6-K with the Securities and Exchange Commission on November 7, 2014.

 

 
 

 

Item 1Name of Issuer

(a).

The name of the issuer to which this filing on Schedule 13G relates is Kelso Technologies Inc. (the “Company”).

 

Item 1Address of Issuer’s Principal Executive Offices

(b).

The principal executive offices of the Company are located at 7773-118A Street, North Delta, British Columbia V4C 6V1.

 

Item 2Name of Person Filing

(a).

This statement is being filed jointly by the following (each, a “Reporting Person,” and collectively, the “Reporting Persons”):

 

(i)Cadinha & Co. LLC (“Cadinha”)
(ii)Harlan J. Cadinha
(iii)Neil Rose
(iv)Harold Henderson
(v)Arthur Mallet
(vi)Robyn Macy

 

Item 2Address or Principal Business Office or, if none, Residence:

(b).

900 Fort Street Mall, Ste. 1450

Honolulu, HI 96813

 

Item 2Citizenship

(c).

Cadinha & Co. LLC is organized under the laws of Delaware; All individuals are citizens of the United States.

 

Item 2Title of Class of Securities

(d).

The class of equity securities of the Company to which this filing of Schedule 13G relates is Common Shares (“Common Shares”).

 

Item 2CUSIP Number:

(e).

48826D201

 

 
 

 

Item 3If this statement is filed pursuant to §§ 240.13d-19(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a)[  ] Broker or dealer under section 15 of the Act (15 U.S.C. 78o)
(b)[  ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 73c)
(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)[  ] An investment adviser in accordance with §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 association 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)[  ] Group, in accordance with §240.13d-1(b)(1)(ii)(J).

 

Item 4Ownership

 

The information set forth in Rows 5 through 11 of the cover pages to this Schedule 13G is incorporated herein by reference. Cadinha is a registered investment adviser. Mr. Harlan J. Cadinha serves as Chairman and Chief Investment Strategist of Cadinha. Mr. Neil Rose serves as Executive Vice President and Chief Investment Officer of Cadinha. Mr. Harold Henderson is an employee of Cadinha. Mr. Arthur Mallet serves as a Managing Director of Cadinha. Ms. Robyn Macy is a Vice President of Cadinha.

 

The filing of this statement shall not be construed as an admission that the Reporting Persons are a group, or have agreed to act as a group.

 

Item 5Ownership of Five Percent of 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 [  ].

 

Item 6Ownership of More than Five Percent on Behalf of Another Person

 

Not Applicable

 

Item 7Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

 

Not Applicable

 

Item 8Identification and Classification of Members of the Group

 

Not Applicable

 

 
 

 

Item 9Notice of Dissolution of Group

 

Not Applicable

 

Item 10Certification

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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.

 

 
 

 

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: February 9, 2015

 

 

CADINHA & CO. LLC

 

By: /s/ Harlan J. Cadinha

Name: Harlan J. Cadinha

Title: Chairman and Chief Investment Strategist

 

HARLAN J. CADINHA

 

By: /s/ Harlan J. Cadinha

Name: Harlan J. Cadinha

 

NEIL ROSE

 

By: /s/ Neil Rose

Name: Neil Rose

 

HAROLD HENDERSON

 

By: /s/ Harold Henderson

Name: Harold Henderson

 

ARTHUR MALLET

 

By: /s/ Arthur Mallet

Name: Arthur Mallet

 

ROBYN MACY

 

By: /s/ Robyn Macy

Name: Robyn Macy

 

 
 

 

Exhibit A

 

JOINT FILING AGREEMENT

 

In accordance with Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the common stock of Kelso Technologies Inc., and further agree that this Joint Filing Agreement shall be included as an Exhibit to such joint filing. In evidence thereof, the undersigned, being duly authorized, hereby execute this Joint Filing Agreement as of February 9, 2015.

 

 

 

CADINHA & CO. LLC

 

By: /s/ Harlan J. Cadinha

Name: Harlan J. Cadinha

Title: Chairman and Chief Investment Strategist

 

HARLAN J. CADINHA

 

By: /s/ Harlan J. Cadinha

Name: Harlan J. Cadinha

 

NEIL ROSE

 

By: /s/ Neil Rose

Name: Neil Rose

 

HAROLD HENDERSON

 

By: /s/ Harold Henderson

Name: Harold Henderson

 

ARTHUR MALLET

 

By: /s/ Arthur Mallet

Name: Arthur Mallet

 

ROBYN MACY

 

By: /s/ Robyn Macy

Name: Robyn Macy