Sec Form 13G Filing - Osmium Partners LLC filing for Diversicare Healthcare Services Inc. (DVCR) - 2020-10-23

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

Diversicare Healthcare Services, Inc.

(Name of Issuer)

 

Common Stock, par value $0.10

(Title of Class of Securities)

 

255104101

(CUSIP Number)

 

 

October 16, 2020

(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)

 

x Rule 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 the 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 
 

 

CUSIP No. 255104101    

 

1.  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

John H. Lewis

2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ¨ (b) x

 

3.  

SEC Use Only

 

4.  

Citizenship or Place of Organization

 

United States

Number of

Shares

Beneficially

owned by

Each

Reporting

Person

With:

  5.  

Sole Voting Power

 

0

  6.  

Shared Voting Power

 

719,962

  7.  

Sole Dispositive Power

 

0

  8.  

Shared Dispositive Power

 

719,962

9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

719,962

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

¨

11.  

Percent of Class Represented by Amount in Row (9)

 

10.5%

12.  

Type of Reporting Person (See Instructions)

 

IN

                   

 2 
 

 

CUSIP No. 255104101    

 

1.  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

Osmium Partners, LLC

2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ¨ (b) x

 

3.  

SEC Use Only

 

4.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

owned by

Each

Reporting

Person

With:

  5.  

Sole Voting Power

 

0

  6.  

Shared Voting Power

 

719,962

  7.  

Sole Dispositive Power

 

0

  8.  

Shared Dispositive Power

 

719,962

9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

719,962

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

¨

11.  

Percent of Class Represented by Amount in Row (9)

 

10.5%

12.  

Type of Reporting Person (See Instructions)

 

IA, OO

                   

 3 
 

     
CUSIP No. 255104101    

 

1.  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

Osmium Capital, LP

2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ¨ (b) x

 

3.  

SEC Use Only

 

4.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

owned by

Each

Reporting

Person

With:

  5.  

Sole Voting Power

 

0

  6.  

Shared Voting Power

 

373,192

  7.  

Sole Dispositive Power

 

0

  8.  

Shared Dispositive Power

 

373,192

9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

373,192

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

¨

11.  

Percent of Class Represented by Amount in Row (9)

 

5.5%

12.  

Type of Reporting Person (See Instructions)

 

PN

                   

 4 
 

     
CUSIP No. 255104101    

 

1.  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

Osmium Capital II, LP

2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ¨ (b) x

 

3.  

SEC Use Only

 

4.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

owned by

Each

Reporting

Person

With:

  5.  

Sole Voting Power

 

0

  6.  

Shared Voting Power

 

162,890

  7.  

Sole Dispositive Power

 

0

  8.  

Shared Dispositive Power

 

162,890

9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

162,890

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

¨

11.  

Percent of Class Represented by Amount in Row (9)

 

2.4%

12.  

Type of Reporting Person (See Instructions)

 

PN

                   

 5 
 

     
CUSIP No. 255104101    

 

1.  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

Osmium Spartan, LP

2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ¨ (b) x

 

3.  

SEC Use Only

 

4.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

owned by

Each

Reporting

Person

With:

  5.  

Sole Voting Power

 

0

  6.  

Shared Voting Power

 

183,880

  7.  

Sole Dispositive Power

 

0

  8.  

Shared Dispositive Power

 

183,880

9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

183,880

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

¨

11.  

Percent of Class Represented by Amount in Row (9)

 

2.7%

12.  

Type of Reporting Person (See Instructions)

 

PN

                   

 6 
 

 

Item 1.

 

(a) The name of the issuer is Diversicare Healthcare Services, Inc. (the “Issuer”).

 

(b) The principal executive offices of the Issuer are located at 1621 Galleria Boulevard, Brentwood, TN 37027-2926.

 

Item 2.

 

(a) This statement (this “Statement”) is being filed by John H. Lewis, the controlling member of Osmium Partners, LLC, a Delaware limited liability company (“Osmium Partners”), which serves as the general partner of Osmium Capital, LP, a Delaware limited partnership (the “Fund”) and Osmium Capital II, LP, a Delaware limited partnership (“Fund II”) and Osmium Spartan, LP, a Delaware limited partnership (“Fund III”) (all of the foregoing, collectively, the “Filers”). The Fund, Fund II and Fund III are private investment vehicles formed for the purpose of investing and trading in a wide variety of securities and financial instruments. Mr. Lewis and Osmium Partners may be deemed to share with the Fund, Fund II and Fund III (and not with any third party) voting and dispositive power with respect to such shares. Each Filer disclaims beneficial ownership with respect to any shares other than the shares owned directly by such Filer.

 

(b) The Principal Business Office of the Filers is 300 Drakes Landing Road, Suite 172, Greenbrae, CA 94904.

 

(c) For citizenship information see Item 4 of the cover sheet of each Filer.

 

(d) This Statement relates to the Common Stock of the Issuer.

 

(e)

The CUSIP Number of the Common Stock of the Issuer is 255104101.

 

Item 3.

 

Not applicable.

 

Item 4. Ownership.

 

See Items 5-9 and 11 on the cover page for each Filer, and Item 2. The percentage ownership of each Filer is based on 6,842,738 Shares of Common Stock of the Issuer.

 

Item 5. Ownership of Five Percent or Less of a Class

 

Not applicable.

 

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

 

Not applicable.

 

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

 

Not applicable.

 

Item 8. Identification and Classification of Members of the Group

 

Not applicable.

 

Item 9. Notice of Dissolution of Group

 

Not applicable.

 

Item 10. Certification

 

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.

 

 7 
 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

 

Dated: October 22, 2020

 

     
John H. Lewis
Osmium Partners, LLC
Osmium Capital, LP
Osmium Capital II, LP
Osmium Spartan, LP
   
By:  

/s/ John H. Lewis

John H. Lewis, for himself and as
Managing Member of Osmium
Partners, LLC, for itself and as
General Partner of Osmium
Capital, LP, Osmium Capital II,
LP and Osmium Spartan, LP

 

 8 
 

 

EXHIBIT INDEX

 

Exhibit 1 Joint Filing Agreement (Previously Filed)

 

 

9