Sec Form 13G Filing - GENDELL JEFFREY L filing for BLUELINX HLDGS INC (BXC) - 2020-02-13

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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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13G/A
 
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
 

BlueLinx Holdings Inc.

(Name of Issuer)
 

Common Stock

(Title of Class of Securities)
 

09624H208

(CUSIP Number)
 

December 31, 2019

(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)
 
(Page 1 of 8 Pages)

 

______________________________

*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).

 

CUSIP No. 09624H20813G/APage 2 of 8

 

 

 

1

NAME OF REPORTING PERSON

Tontine Asset Associates, LLC

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

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

670,102

7

SOLE DISPOSITIVE POWER

-0-

8

SHARED DISPOSITIVE POWER

670,102

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

670,102

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

7.16%

12

TYPE OF REPORTING PERSON

OO

         

 

 

CUSIP No. 09624H20813G/APage 3 of 8

 

1

NAME OF REPORTING PERSON

TTR Associates, LLC

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

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

167,448

7

SOLE DISPOSITIVE POWER

-0-

8

SHARED DISPOSITIVE POWER

167,448

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

167,448

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

1.79%

12

TYPE OF REPORTING PERSON

OO

         

 

 

CUSIP No. 09624H20813G/APage 4 of 8

 

1

NAME OF REPORTING PERSON

Jeffrey L. Gendell

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(b) ¨

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

837,550

7

SOLE DISPOSITIVE POWER

-0-

8

SHARED DISPOSITIVE POWER

837,550

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

837,550

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

8.94%

12

TYPE OF REPORTING PERSON

IN

         

 

CUSIP No. 09624H20813G/APage 5 of 8

 

Item 1(a). NAME OF ISSUER
  The name of the issuer is BlueLinx Holdings Inc. (the "Company").  
   

 

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
  The Company's principal executive offices are located at 1950 Spectrum Circle, Suite 300, Marietta, GA 30067.
   

 

Item 2(a). NAME OF PERSON FILING
   
  This statement is filed by:
  (i) Tontine Asset Associates, LLC, a limited liability company organized under the laws of the State of Delaware ("TAA"), which serves as general partner of Tontine Capital Overseas Master Fund II, LP ("TCOM II"), with respect to the shares of Common Stock directly owned by TCOM II;
  (ii) TTR Associates, LLC, a limited liability company organized under the laws of the State of Delaware ("TTRA"), which serves as the investment adviser to certain managed accounts, with respect to shares held by certain managed accounts managed by it;
  (iii) Jeffrey L. Gendell, a United States citizen ("Mr. Gendell"), with respect to the shares of Common Stock owned directly by TCOM II and certain managed accounts managed by TTRA.
  The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons."  Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.

 

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
  The address of the business office of each of the Reporting Persons is 1 Sound Shore Drive, Suite 304, Greenwich, CT 06830-7251.
   

 

Item 2(c). CITIZENSHIP
  See Item 2(a) above.
   

 

Item 2(d). TITLE OF CLASS OF SECURITIES
  Common Stock, $0.01 par value (the "Common Stock").
   

 

Item 2(e). CUSIP NUMBER
  09624H208
   

 

 

CUSIP No. 09624H20813G/APage 6 of 8

 

Item 3. IF THIS STATEMENT IS FILED PURSUANT TO Rules 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;
  (b) ¨ Bank as defined in Section 3(a)(6) of the Act;
  (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act;
  (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940;
  (e) ¨ An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
  (f) ¨

An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

 

  (g) ¨ A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
  (h) ¨

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;

 

  (i) ¨

A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;

 

  (j) ¨ A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);
  (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K).

 

 

If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please

specify the type of institution:    Not applicable                                          .

 

Item 4. OWNERSHIP
  A. Tontine Asset Associates, LLC
    (a) Amount beneficially owned:  670,102
    (b) Percent of class: 7.16%.  The percentages used herein and in the rest of this Schedule 13G are calculated based upon the 9,364,959 shares of Common Stock issued and outstanding as of November 4, 2019, as set forth in the Company's Quarterly Report Form 10-Q for the quarterly period ended September 28, 2019 filed with the Securities and Exchange Commission on November  6, 2019.
    (c) (i) Sole power to vote or direct the vote:  -0-
      (ii) Shared power to vote or direct the vote:  670,102
      (iii) Sole power to dispose or direct the disposition of:  -0-
      (iv) Shared power to dispose or direct the disposition of:  670,102
         
  B. TTR Associates, LLC
    (a) Amount beneficially owned:  167,448
    (b) Percent of class:  1.79%
    (c) (i) Sole power to vote or direct the vote:  -0-

 

CUSIP No. 09624H20813G/APage 7 of 8

 

      (ii) Shared power to vote or direct the vote:  167,448
      (iii) Sole power to dispose or direct the disposition of:  -0-
      (iv) Shared power to dispose or direct the disposition of:  167,448
         
  C. Jeffrey L. Gendell
    (a) Amount beneficially owned:  837,550
    (b) Percent of class:  8.94%
      (i) Sole power to vote or direct the vote:  -0-
      (ii) Shared power to vote or direct the vote:  837,550
      (iii) Sole power to dispose or direct the disposition of:  -0-
      (iv) Shared power to dispose or direct the disposition of:  837,550
 

 

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
  TAA, the general partner of TCOM II, has the power to direct the affairs of TCOM II, including directing the receipt of dividends from or the proceeds from the sale of such shares.  TTRA has the power to direct the affairs of certain managed accounts managed by it, including directing the receipt of dividends from or the proceeds from the sale of such shares. Mr. Gendell is the Managing Member of TAA and TTRA and in that capacity directs their operations.
   

 

Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON
  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

 

  Each of the Reporting Persons hereby makes the following certification:
   
  By signing below each Reporting Person certifies that, to the best of his or its 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.

 

 

CUSIP No. 09624H20813G/APage 8 of 8

SIGNATURES

After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

DATE: February 13, 2020

 

 

/s/ JEFFREY L. GENDELL  
Jeffrey L. Gendell, individually, and as managing member of Tontine Asset Associates, LLC and as managing member of TTR Associates, LLC