Aep Industries Inc (AEPI): KSA Capital Management Decreases Stake

CUSIP No.

001031103

Item 1.

Security and Issuer.

The name of the issuer is AEP Industries Inc., a Delaware corporation (the “Issuer”).  The address of the Issuer’s principal executive offices is 95 Chestnut Ridge Road, Montvale, New Jersey 07645.  This is Amendment No. 9 to Schedule 13D relates to the Issuer’s Common Stock, $0.01 par value per share (the “Shares”).

Item 2.

Identity and Background.

(a), (f)

The persons filing this statement are KSA Capital Management, LLC, a Delaware limited liability company (“KSA Capital Management”), and Daniel Khoshaba, a citizen of the United States of America (“Mr. Khoshaba” and, together with KSA Capital Management, the “Reporting Persons”).

(b)

The principal business address for KSA Capital Management and Mr. Khoshaba is 67 East Park Place, 8^th Floor, Suite 800, Morristown, New Jersey 079604.

(c)

Mr. Khoshaba is the Managing Member of KSA Capital Management, an investment adviser that serves as investment manager to certain private investment vehicles.

(d)

None of the Reporting Persons have, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e)

Neither of the Reporting Persons have, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

Item 3.

Source and Amount of Funds or Other Consideration.

The funds for the purchase of the Shares beneficially owned by the Reporting Persons came from working capital of certain private investment vehicles managed by KSA Capital Management.  Those private investment vehicles are the direct owners of the Shares.  The net investment costs (including commissions, if any) of the Shares beneficially owned by the Reporting Persons is approximately $14,988,708.  No borrowed funds were used to purchase the Shares, other than any borrowed funds used for working capital purposes (including certain leverage arrangements) in the ordinary course of business.