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Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Glen Capital Partners Focus Fund | 556,553 | 0 | 556,553 | 556,553 | 4.79% | |
| Glen Capital Partners | 556,553 | 556,553 | 556,553 | 4.79% | ||
| Glen Capital Partners GP | 556,553 | 556,553 | 556,553 | 4.79% | ||
| Gregory L. Summe | 610,914 | 610,914 | 610,914 | 5.26% |
Page 1 of 10 – SEC Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of
1934
(Amendment No. )*
Regional
Management Corp.
(Name of Issuer)
Common
Stock, $0.10 par value
(Title of Class of Securities)
75902K106
(CUSIP Number)
May 22,
2017
(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 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).
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Page 2 of 10 – SEC Filing
| CUSIP No. 75902K106 | 13G | Page 2 of 9 Pages | ||
| 1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Glen Capital Partners Focus Fund, L.P. (EIN 46-2135960) | |||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) x (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 556,553 | |||
| 7. | SOLE DISPOSITIVE POWER – 0 – | |||
| 8. | SHARED DISPOSITIVE POWER 556,553 |
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 556,553 | |||
| 10. | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) ¨ | |||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.79% | |||
| 12. | TYPE OF REPORTING PERSON (see instructions) PN | |||
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Page 3 of 10 – SEC Filing
| CUSIP No. 75902K106 | 13G | Page 3 of 9 Pages | ||
| 1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Glen Capital Partners LLC (EIN 46-1943999) | |||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) x (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 556,553 | |||
| 7. | SOLE DISPOSITIVE POWER – 0 – | |||
| 8. | SHARED DISPOSITIVE POWER 556,553 |
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 556,553 | |||
| 10. | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) ¨ | |||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.79% | |||
| 12. | TYPE OF REPORTING PERSON (see instructions) OO | |||
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Page 4 of 10 – SEC Filing
| CUSIP No. 75902K106 | 13G | Page 4 of 9 Pages | ||
| 1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Glen Capital Partners GP LLC (EIN 46-2147160) | |||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) x (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 556,553 | |||
| 7. | SOLE DISPOSITIVE POWER – 0 – | |||
| 8. | SHARED DISPOSITIVE POWER 556,553 |
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 556,553 | |||
| 10. | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) ¨ | |||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.79% | |||
| 12. | TYPE OF REPORTING PERSON (see instructions) OO | |||
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Page 5 of 10 – SEC Filing
| CUSIP No. 75902K106 | 13G | Page 5 of 9 Pages | ||
| 1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Gregory L. Summe | |||
| 2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) x (b) ¨ | |||
| 3. | SEC USE ONLY | |||
| 4. | CITIZENSHIP OR PLACE OF ORGANIZATION USA |
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5. | SOLE VOTING POWER – 0 – | ||
| 6. | SHARED VOTING POWER 610,914 (1) | |||
| 7. | SOLE DISPOSITIVE POWER -0- | |||
| 8. | SHARED DISPOSITIVE POWER 610,914 (1) |
| 9. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 610,914 | |||
| 10. | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) ¨ | |||
| 11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.26% | |||
| 12. | TYPE OF REPORTING PERSON (see instructions) IN | |||
(1) Includes Common Stock held by members of Mr. Summe’s family
where he shares voting and investment control.
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Page 6 of 10 – SEC Filing
| CUSIP No. 75902K106 | 13G | Page 6 of 9 Pages | ||
Item 1.
| (a) | Name of Issuer Regional Management Corp. | |
| (b) | Address of Issuer’s Principal Executive Offices Greer, South Carolina 29651 | |
Item 2.
| (a) | Name of Person(s) Filing Glen Capital Partners LLC Glen Capital Partners GP LLC Gregory L. Summe | |
| (b) | Address of the Principal Office or, if none, residence 800 South St. Suite 160 Waltham, MA 02453 | |
| (c) | Citizenship Glen Capital Partners Focus Fund, L.P. is a Delaware limited partnership Glen Capital Partners LLC is a Delaware limited liability company Glen Capital Partners GP LLC is a Delaware limited liability company Gregory L. Summe is a United States citizen | |
| (d) | Title of Class of Securities Common Stock, $0.10 par value | |
| (e) | CUSIP Number 75902K106 | |
Item 3. If this statement is filed pursuant to
§§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
| (a) | ¨ | Broker or dealer registered 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. 78c). | |
| (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 §240.13d-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 associations 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) | ¨ | A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); | |
| (j) | ¨ | Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), | |
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Page 7 of 10 – SEC Filing
| CUSIP No. 75902K106 | 13G | Page 7 of 9 Pages | ||
Item 4. Ownership.
Provide the following information regarding the aggregate number
and percentage of the class of securities of the issuer identified in Item 1.
| (a) | Amount beneficially owned: Glen Capital Partners Focus Fund, L.P.: 556,553 | |||
| (b) | Percent of class: Glen Capital Partners Focus Fund, L.P.: 4.79% | |||
| (c) | Number of shares as to which the person has: | |||
| (i) | Sole power to vote or to direct the vote: Glen Capital Partners Focus Fund, L.P.: – 0 – | |||
| (ii) | Shared power to vote or to direct the vote: Glen Capital Partners Focus Fund, L.P.: 556,553 | |||
| (iii) | Sole power to dispose or to direct the disposition of: Glen Capital Partners Focus Fund, L.P.: – 0 – | |||
| (iv) | Shared power to dispose or to direct the disposition of: Glen Capital Partners Focus Fund, L.P.: 556,553 | |||
(1)
Includes Common Stock held by members of Mr. Summe’s family where he shares voting and investment control.
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Page 8 of 10 – SEC Filing
| CUSIP No. 75902K106 | 13G | Page 8 of 9 Pages | ||
Item 5. Ownership of Five Percent or 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 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.
| (b) | ||||
| 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, other than activities solely in connection with a nomination under § 240.14a-11. | ||||
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Page 9 of 10 – SEC Filing
| CUSIP No. 75902K106 | 13G | Page 9 of 9 Pages | ||
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.
| 05/31/2017 Date |
| /s/ Gregory Gregory L. Summe, individually, and as the |
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Page 10 of 10 – SEC Filing
Exhibit A
AGREEMENT
Each of the undersigned,
pursuant to Rule 13d-1(k)(l) under the Securities Exchange Act of 1934, as amended, hereby agrees that only one statement
containing the information required by Schedule 13G needs be filed with respect to the ownership by each of the undersigned of
the shares of common stock of Regional Management Corp., and that the Schedule 13G to which this Agreement is appended as Exhibit A is
to be filed with the Securities and Exchange Commission on behalf of each of the undersigned on or about the date hereof.
EXECUTED as a sealed
instrument this 31 day of May 2017.
| /s/ Gregory L. Summe | |
| Gregory L. Summe, individually, and as the sole member of Glen Capital Partners LLC and Glen Capital Partners GP LLC for itself and as the general partner of Glen Capital Partners Focus Fund, L.P. |
