13D Filing: King Luther Capital Management Corp and Lawson Products Incw (NASDAQ:LAWS)

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
LKCM Private Discipline Master Fund, SPC PDLP Lawson 1,689,358 0 1,689,358 011 1,689,358 19.2%
LKCM Investment Partnership 250,000 0 250,000 011 250,000 2.8%
LKCM Micro-Cap Partnership 26,102 0 26,102 011 26,102 0.3%
LKCM Core Discipline 10,128 0 10,128 011 10,128 0.1%
LKCM Headwater Investments II 232,616 0 232,616 011 232,616 2.6%
Luther King Capital Management Corporation 2,210,704 0 2,210,704 011 2,210,704 25.1%
J. Luther King, Jr 2,210,704 0 2,210,704 011 2,210,704 25.1%
J. Bryan King 1,958,204 0 1,958,204 011 1,958,204 22.3%

Page 1 of 12 – SEC Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 13)*

Lawson
Products, Inc.

(Name of Issuer)

Common Stock, $1.00 par value

(Title of Class of Securities)

520776105

(CUSIP Number)

Jacob D. Smith

Principal, General Counsel & CCO

Luther King Capital Management Corporation

301 Commerce Street, Suite 1600

Fort Worth, Texas 76102

(817) 332-3235

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

March 20, 2017

(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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-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 Section 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 persons 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).

Persons who response to the collection of information contained in this form are not required to respond unless the form
displays a currently valid OMB control number.

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Page 2 of 12 – SEC Filing


CUSIP No. 520776105 Page
2
of 12
  1.

Name of
Reporting Persons.

LKCM Private Discipline Master Fund, SPC / PDLP Lawson,
LLC

  2.

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

(a)  ☐        (b)  ☒

  3.

SEC Use Only

  4.

Source of Funds (See Instructions)

WC

  5.

Check if Disclosure of Legal
Proceedings Is Required Pursuant to Items 2(d) or 2(e):

  6.

Citizenship or Place of
Organization

Cayman Islands / Texas

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

  7.

Sole Voting Power

1,689,358

  8.

Shared Voting Power

0

  9.

Sole Dispositive Power

1,689,358

10.

Shared Dispositive Power

0

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

1,689,358

12.

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

13.

Percent of Class Represented by Amount
in Row (11)

19.2%

14.

Type of Reporting Person (See
Instructions)

OO

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Page 3 of 12 – SEC Filing


CUSIP No. 520776105 Page
3
of 12
  1.

Name of
Reporting Persons.

LKCM Investment Partnership, L.P.

  2.

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

(a)  ☐        (b)  ☒

  3.

SEC Use Only

  4.

Source of Funds (See Instructions)

WC

  5.

Check if Disclosure of Legal
Proceedings Is Required Pursuant to Items 2(d) or 2(e):

  6.

Citizenship or Place of
Organization

Texas

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

  7.

Sole Voting Power

250,000

  8.

Shared Voting Power

0

  9.

Sole Dispositive Power

250,000

10.

Shared Dispositive Power

0

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

250,000

12.

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

13.

Percent of Class Represented by Amount
in Row (11)

2.8%

14.

Type of Reporting Person (See
Instructions)

PN

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Page 4 of 12 – SEC Filing


CUSIP No. 520776105 Page
4
of 12
  1.

Name of
Reporting Persons.

LKCM Micro-Cap Partnership, L.P.

  2.

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

(a)  ☐        (b)  ☒

  3.

SEC Use Only

  4.

Source of Funds (See Instructions)

WC

  5.

Check if Disclosure of Legal
Proceedings Is Required Pursuant to Items 2(d) or 2(e):

  6.

Citizenship or Place of
Organization

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

  7.

Sole Voting Power

26,102

  8.

Shared Voting Power

0

  9.

Sole Dispositive Power

26,102

10.

Shared Dispositive Power

0

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

26,102

12.

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

13.

Percent of Class Represented by Amount
in Row (11)

0.3%

14.

Type of Reporting Person (See
Instructions)

PN

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Page 5 of 12 – SEC Filing


CUSIP No. 520776105 Page
5
of 12
  1.

Name of
Reporting Persons.

LKCM Core Discipline, L.P.

  2.

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

(a)  ☐        (b)  ☒

  3.

SEC Use Only

  4.

Source of Funds (See Instructions)

WC

  5.

Check if Disclosure of Legal
Proceedings Is Required Pursuant to Items 2(d) or 2(e):

  6.

Citizenship or Place of
Organization

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

  7.

Sole Voting Power

10,128

  8.

Shared Voting Power

0

  9.

Sole Dispositive Power

10,128

10.

Shared Dispositive Power

0

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

10,128

12.

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

13.

Percent of Class Represented by Amount
in Row (11)

0.1%

14.

Type of Reporting Person (See
Instructions)

PN

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Page 6 of 12 – SEC Filing


CUSIP No. 520776105 Page
6
of 12
  1.

Name of
Reporting Persons.

LKCM Headwater Investments II, L.P.

  2.

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

(a)  ☐        (b)  ☒

  3.

SEC Use Only

  4.

Source of Funds (See Instructions)

WC

  5.

Check if Disclosure of Legal
Proceedings Is Required Pursuant to Items 2(d) or 2(e):

  6.

Citizenship or Place of
Organization

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

  7.

Sole Voting Power

232,616

  8.

Shared Voting Power

0

  9.

Sole Dispositive Power

232,616

10.

Shared Dispositive Power

0

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

232,616

12.

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

13.

Percent of Class Represented by Amount
in Row (11)

2.6%

14.

Type of Reporting Person (See
Instructions)

PN

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Page 7 of 12 – SEC Filing


CUSIP No. 520776105 Page
7
of 12
  1.

Name of
Reporting Persons.

Luther King Capital Management Corporation

  2.

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

(a)  ☐        (b)  ☒

  3.

SEC Use Only

  4.

Source of Funds (See Instructions)

N/A

  5.

Check if Disclosure of Legal
Proceedings Is Required Pursuant to Items 2(d) or 2(e):

  6.

Citizenship or Place of
Organization

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

  7.

Sole Voting Power

2,210,704

  8.

Shared Voting Power

0

  9.

Sole Dispositive Power

2,210,704

10.

Shared Dispositive Power

0

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

2,210,704

12.

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

13.

Percent of Class Represented by Amount
in Row (11)

25.1%

14.

Type of Reporting Person (See
Instructions)

IA, CO

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Page 8 of 12 – SEC Filing


CUSIP No. 520776105 Page
8
of 12
  1.

Name of
Reporting Persons.

J. Luther King, Jr.

  2.

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

(a)  ☐        (b)  ☒

  3.

SEC Use Only

  4.

Source of Funds (See Instructions)

N/A

  5.

Check if Disclosure of Legal
Proceedings Is Required Pursuant to Items 2(d) or 2(e):

  6.

Citizenship or Place of
Organization

United States

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

  7.

Sole Voting Power

2,210,704

  8.

Shared Voting Power

0

  9.

Sole Dispositive Power

2,210,704

10.

Shared Dispositive Power

0

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

2,210,704

12.

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

13.

Percent of Class Represented by Amount
in Row (11)

25.1%

14.

Type of Reporting Person (See
Instructions)

IN

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Page 9 of 12 – SEC Filing


CUSIP No. 520776105 Page
9
of 12
  1.

Name of
Reporting Persons.

J. Bryan King

  2.

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

(a)  ☐        (b)  ☒

  3.

SEC Use Only

  4.

Source of Funds (See Instructions)

N/A

  5.

Check if Disclosure of Legal
Proceedings Is Required Pursuant to Items 2(d) or 2(e):

  6.

Citizenship or Place of
Organization

United States

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

  7.

Sole Voting Power

1,958,204

  8.

Shared Voting Power

0

  9.

Sole Dispositive Power

1,958,204

10.

Shared Dispositive Power

0

11.

Aggregate Amount Beneficially Owned by Each Reporting Person

1,958,204

12.

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

13.

Percent of Class Represented by Amount
in Row (11)

22.3%

14.

Type of Reporting Person (See
Instructions)

IN

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Page 10 of 12 – SEC Filing


This Amendment No. 13 to Schedule 13D amends and supplements the Schedule 13D filed by the Reporting Persons
with respect to the Common Stock, par value $1.00 per share (Common Stock), of Lawson Products, Inc. (the Issuer). Except as set forth below, all previous Items remain unchanged. Capitalized terms used herein but not defined
herein shall have the meanings given to them in the Schedule 13D, as amended, filed with the Securities and Exchange Commission. Each of the Reporting Persons hereby expressly disclaims membership in a group under the Securities Exchange
Act of 1934 with respect to the securities reported herein, and this Schedule 13D shall not be deemed to be an admission that any such Reporting Person is a member of such a group. Each of the Reporting Persons hereby expressly disclaims beneficial
ownership of the securities reported herein, other than to the extent of its pecuniary interest therein, and this Schedule 13D shall not be deemed to be an admission that any such Reporting Person is the beneficial owner of the securities reported
herein for purposes of the Securities Exchange Act of 1934 or for any other purpose.

Item 4. Purpose of Transaction

Item 4 is hereby supplemented as follows:

Effective
March 20, 2017, J. Bryan King was appointed to fill a vacant seat on the Issuers board of directors. Mr. King has also been nominated by the Issuers board of directors for election at the Issuers annual shareholders
meeting on May 16, 2017 to serve an additional three-year term. Mr. King intends to engage in communications with directors and officers of the Issuer, including discussions regarding the Issuers operations and strategic direction,
that could result in, among other things, any of the matters identified in Item 4(a)-(j) of Schedule 13D.

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

Item 6 is hereby supplemented as follows:

Information regarding Mr. Kings appointment to the Issuers board of directors appears in response to Item 4 and is incorporated by
reference herein.

Item 7. Material to Be Filed as Exhibits

Item 7 is hereby supplemented as follows:

Exhibit
2
     Confidentiality Agreement, dated March 20, 2017, by and between LKCM and the Issuer.

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Page 11 of 12 – SEC Filing


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.

Date: March 20, 2017

LKCM Private Discipline Master Fund, SPC
By: LKCM Private Discipline Management, L.P., sole holder of its management shares
By: LKCM Alternative Management, LLC, its general partner
By:

/s/ J. Bryan King

J. Bryan King, President
PDLP Lawson, LLC
By:

/s/ J. Bryan King

J. Bryan King, President
LKCM Investment Partnership, L.P.
By: LKCM Investment Partnership GP, LLC, its general partner
By:

/s/ J. Luther King, Jr.

J. Luther King, Jr., President
LKCM Headwater Investments II, L.P.
By: LKCM Headwater Investments II GP, L.P., its general partner
By:

/s/ J. Bryan King

J. Bryan King, President
LKCM Micro-Cap Partnership, L.P.
By: LKCM Micro-Cap Management, L.P., its general partner
By: LKCM Alternative Management, LLC, its general partner
By:

/s/ J. Bryan King

J. Bryan King, President

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Page 12 of 12 – SEC Filing


LKCM Core Discipline, L.P.
By: LKCM Core Discipline Management, L.P., its general partner
By: LKCM Alternative Management, LLC, its general partner
By:

/s/ J. Bryan King

J. Bryan King, President
Luther King Capital Management Corporation
By:

/s/ J. Bryan King

J. Bryan King, Principal and Vice President

/s/ J. Bryan King

J. Bryan King

/s/ J. Luther King, Jr.

J. Luther King, Jr.

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