13G Filing: MFP Investors LLC and FSB Bancorp, Inc. (FSBC)

FSB Bancorp, Inc. (NASDAQ:FSBC): Michael Price’s MFP Investors filed an amended 13D.

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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
MFP Partners 141,286 141,286 141,286 7.3%
MFP Investors 141,286 141,286 141,286 7.3%
Michael F. Price 141,286 141,286 141,286 7.3%

Page 1 of 7 – SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No.  1)*
FSB Bancorp, Inc.
(Name of Issuer)
Common Stock, par value $0.01
(Title of Class of Securities)
30289C102
(CUSIP Number)
August 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-l(b)

T Rule 13d-l(c)
          £ Rule 13d-l(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).

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Page 2 of 7 – SEC Filing

CUSIP No. 30289C102
1.
Names of Reporting Persons
MFP Partners, L.P.(1)
c/o MFP Investors LLC
909 Third Avenue, 33rd Floor
New York, NY 10022
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
£  (a)
£  (b)
3.
SEC Use Only
4.
Citizenship or Place of Organization       Delaware
5.
Sole Voting Power
Number of
Shares
6.
Shared Voting Power       141,286
Beneficially
Owned by Each
Reporting Person
7.
Sole Dispositive Power
With:
8.
Shared Dispositive Power       141,286
9.
Aggregate Amount Beneficially Owned by Each Reporting Person       141,286
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
11.
Percent of Class Represented by Amount in Row (9)       7.3%(2)
12.
Type of Reporting Person (See Instructions)
PN
(1) MFP Investors LLC is the general partner of MFP Partners, L.P.  Michael F. Price is the managing partner of MFP Partners, L.P. and the managing member and controlling person of MFP Investors LLC.
(2) Calculation based on 1,940,588 shares of Common Stock of the issuer outstanding pursuant to the issuer’s most recent Form 10-Q.  Due to their respective relationships with each other, each of the Reporting Persons (as defined herein) may be deemed to share voting and dispositive power with respect to the shares of Common Stock reported herein.

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Page 3 of 7 – SEC Filing

CUSIP No. 30289C102
1.
Names of Reporting Persons
MFP Investors LLC(1)
909 Third Avenue, 33rd Floor
New York, NY 10022
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
£  (a)
£  (b)
3.
SEC Use Only
4.
Citizenship or Place of Organization       Delaware
5.
Sole Voting Power
Number of
Shares
6.
Shared Voting Power       141,286
Beneficially
Owned by Each
Reporting Person
7.
Sole Dispositive Power
With:
8.
Shared Dispositive Power       141,286
9.
Aggregate Amount Beneficially Owned by Each Reporting Person       141,286
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
11.
Percent of Class Represented by Amount in Row (9)       7.3%(2)
12.
Type of Reporting Person (See Instructions)
OO
(1) MFP Investors LLC is the general partner of MFP Partners, L.P.  Michael F. Price is the managing partner of MFP Partners, L.P. and managing member and controlling person of MFP Investors LLC.
(2) Calculation based on 1,940,588 shares of Common Stock of the issuer outstanding pursuant to the issuer’s most recent Form 10-Q.  Due to their respective relationships with each other, each of the Reporting Persons (as defined herein) may be deemed to share voting and dispositive power with respect to the shares of Common Stock reported herein.

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Page 4 of 7 – SEC Filing

CUSIP No. 30289C102
1.
Names of Reporting Persons
Michael F. Price(1)
c/o MFP Investors LLC
909 Third Avenue, 33rd Floor
New York, NY 10022
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
£  (a)
£  (b)
3.
SEC Use Only
4.
Citizenship or Place of Organization       United States of America
5.
Sole Voting Power
Number of
Shares
6.
Shared Voting Power       141,286
Beneficially
Owned by Each
Reporting Person
7.
Sole Dispositive Power
With:
8.
Shared Dispositive Power       141,286
9.
Aggregate Amount Beneficially Owned by Each Reporting Person       141,286
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
11.
Percent of Class Represented by Amount in Row (9)       7.3%(2)
12.
Type of Reporting Person (See Instructions)
IN
(1) MFP Investors LLC is the general partner of MFP Partners, L.P.  Michael F. Price is the managing partner of MFP Partners, L.P. and managing member and controlling person of MFP Investors LLC.
(2) Calculation based on 1,940,588 shares of Common Stock of the issuer outstanding pursuant to the issuer’s most recent Form 10-Q.  Due to their respective relationships with each other, each of the Reporting Persons (as defined herein) may be deemed to share voting and dispositive power with respect to the shares of Common Stock reported herein.

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Page 5 of 7 – SEC Filing

CUSIP No. 30289C102
Item 1.
(a)
Name of Issuer
FSB Bancorp, Inc.
(b)
Address of Issuer’s Principal Executive Offices
45 South Main Street
Fairport, NY 14450
USA
Item 2.
(a)
Name of Person Filing
MFP Partners, L.P.
MFP Investors LLC
Michael F. Price
(b)
Address of Principal Business Office or, if none, Residence
909 Third Avenue, 33rd Floor
New York, NY 10022
(c)
Citizenship
MFP Partners, L.P. and MFP Investors LLC are each organized under the laws of the state of Delaware.  Michael F. Price is a citizen of the United States of America.
(d)
Title of Class of Securities
Common Stock, par value $0.01 per share
(e)
CUSIP Number
30289C102
Item 3.
If this statement is filed pursuant to §§240.13d-l(b) or 240.13d-2(b) or (c), check whether the person filing is a:
Not applicable.
Item 4.
Ownership.
MFP Partners, L.P. directly owns 141,286 shares of Common Stock, representing 7.3% of the total number of shares of Common Stock outstanding.  As the investment advisor to MFP Partners, L.P., MFP Investors LLC is deemed to have shared power to vote 141,286 shares of Common Stock, representing 7.3% of the total number of shares of Common Stock outstandingAs Managing Member and controlling person of MFP Investors LLC, Michael F. Price is deemed to have shared power to vote 141,286 shares of Common Stock, representing 7.3% of the total number of shares of Common Stock outstanding.
The ownership percentages set forth above are based on 1,940,588 shares of Common Stock of the issuer outstanding pursuant to the issuer’s most recent Form 10-Q filed by the issuer with the Securities and Exchange Commission.

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Page 6 of 7 – SEC Filing

CUSIP No. 30289C102
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
MFP Investors LLC manages investments for MFP Partners, L.P. which beneficially owns more than 5% of the shares of Common Stock.
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
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.
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 as of September 1, 2017.
MFP Partners, L.P.
/s/ Michael F. Price
Signature
Name:
Michael F. Price
Title:
Managing Partner
MFP Investors LLC
/s/ Michael F. Price
Signature
Name:
Michael F. Price
Title:
Managing Member
MICHAEL F. PRICE
/s/ Michael F. Price
Signature
Name:
Michael F. Price

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Page 7 of 7 – SEC Filing

CUSIP No. 30289C102
EXHIBITS
Exhibit
Number
Title
1
Joint Filing Agreement dated July 31, 2017 among the Reporting Persons (filed as Exhibit 1 to the Schedule 13G filed by the Reporting Persons on July 31, 2017)
Page 7 of 7 pages

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