Filing Details

Accession Number:
0001193125-20-137539
Form Type:
13D Filing
Publication Date:
2020-05-08 16:05:59
Filed By:
Coliseum Capital
Company:
Bmc Stock Holdings Inc. (NASDAQ:BMCH)
Filing Date:
2020-05-08
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Coliseum Capital Management 0 5,723,483 0 5,723,483 5,723,483 8.5%
Coliseum Capital 0 4,368,962 0 4,368,962 4,368,962 6.5%
Coliseum Capital Partners 0 4,368,962 0 4,368,962 4,368,962 6.5%
Adam Gray 0 5,723,483 0 5,723,483 5,723,483 8.5%
Christopher Shackelton 0 5,723,483 0 5,723,483 5,723,483 8.5%
Filing

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

 

BMC Stock Holdings, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

05591B109

(CUSIP Number)

Christopher Shackelton/Adam Gray

105 Rowayton Avenue

Rowayton, CT 06853

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

May 6, 2020

(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 §240.13d-1(e), §240.13d-1(f) or §240.13d-1(g), check the following box.   ☐

 

*

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).

 

 

 


CUSIP No. 05591B109    13D/A No. 2    Page 2 of 9

 

  1.   

Names of reporting persons.

 

Coliseum Capital Management, 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)

 

AF

  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

 

0

     8.   

Shared voting power

 

5,723,483

     9.   

Sole dispositive power

 

0

   10.   

Shared dispositive power

 

5,723,483

11.  

Aggregate amount beneficially owned by each reporting person

 

5,723,483

12.  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13.  

Percent of class represented by amount in Row (11)

 

8.5%

14.  

Type of reporting person (see instructions)

 

IA


CUSIP No. 05591B109    13D/A No. 2    Page 3 of 9

 

  1.   

Names of reporting persons.

 

Coliseum Capital, 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)

 

AF

  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

 

0

     8.   

Shared voting power

 

4,368,962

     9.   

Sole dispositive power

 

0

   10.   

Shared dispositive power

 

4,368,962

11.  

Aggregate amount beneficially owned by each reporting person

 

4,368,962

12.  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13.  

Percent of class represented by amount in Row (11)

 

6.5%

14.  

Type of reporting person (see instructions)

 

OO


CUSIP No. 05591B109    13D/A No. 2    Page 4 of 9

 

  1.   

Names of reporting persons.

 

Coliseum Capital Partners, 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

 

0

     8.   

Shared voting power

 

4,368,962

     9.   

Sole dispositive power

 

0

   10.   

Shared dispositive power

 

4,368,962

11.  

Aggregate amount beneficially owned by each reporting person

 

4,368,962

12.  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13.  

Percent of class represented by amount in Row (11)

 

6.5%

14.  

Type of reporting person (see instructions)

 

PN


CUSIP No. 05591B109    13D/A No. 2    Page 5 of 9

 

  1.   

Names of reporting persons.

 

Adam Gray

  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)

 

AF

  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

 

0

     8.   

Shared voting power

 

5,723,483

     9.   

Sole dispositive power

 

0

   10.   

Shared dispositive power

 

5,723,483

11.  

Aggregate amount beneficially owned by each reporting person

 

5,723,483

12.  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13.  

Percent of class represented by amount in Row (11)

 

8.5%

14.  

Type of reporting person (see instructions)

 

IN


CUSIP No. 05591B109    13D/A No. 2    Page 6 of 9

 

  1.   

Names of reporting persons.

 

Christopher Shackelton

  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)

 

AF

  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

 

0

     8.   

Shared voting power

 

5,723,483

     9.   

Sole dispositive power

 

0

   10.   

Shared dispositive power

 

5,723,483

11.  

Aggregate amount beneficially owned by each reporting person

 

5,723,483

12.  

Check if the aggregate amount in Row (11) excludes certain shares (see instructions)

 

13.  

Percent of class represented by amount in Row (11)

 

8.5%

14.  

Type of reporting person (see instructions)

 

IN


CUSIP No. 05591B109    13D/A No. 2    Page 7 of 9

 

Explanatory Note: This Amendment No. 2 (this Amendment) to the Schedule 13D (the Initial 13D) relating to BMC Stock Holdings, Inc. (the Issuer), filed by the Reporting Persons with the Securities and Exchange Commission on November 14, 2019, as amended and supplemented by Amendment No. 1 to the Initial 13D filed on March 25, 2020, amends and supplements certain of the items set forth therein.

As used in this Amendment, the term Reporting Persons collectively refers to:

 

   

Coliseum Capital Management, LLC, a Delaware limited liability company (CCM);

 

   

Coliseum Capital, LLC, a Delaware limited liability company (CC);

 

   

Coliseum Capital Partners, L.P., a Delaware limited partnership (CCP);

 

   

Adam Gray (Gray); and

 

   

Christopher Shackelton (Shackelton).

Item 3. Source and Amount of Funds or Other Consideration.

Item 3 is hereby supplemented as follows:

The source and amount of funds used in purchasing the Common Stock by the Reporting Persons and a separate account investment advisory client of CCM (the Separate Account) were as follows:

 

Purchaser

   Source of Funds    Amount  

CCP

   Working Capital    $ 13,777,129.27  

Separate Account

   Working Capital    $ 2,314,137.27  

Item 5. Interest in Securities of the Issuer.

Item 5 is hereby amended and supplemented as follows:

(a) (b) The information relating to the beneficial ownership of Common Stock by each of the Reporting Persons set forth in Rows 7 through 13 of the cover pages hereto is incorporated by reference herein. The percentages set forth in Row 13 of all the cover pages filed herewith are calculated based upon 66,984,183 shares of Common Stock outstanding as of May 4, 2020, as reported in the Issuers Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 5, 2020.

 

(c)

The Reporting Persons effected the following transactions in the Common Stock on the dates indicated and such transactions are the only transactions in the Common Stock by the Reporting Persons in the sixty (60) days preceding the date of this Amendment, or since the most recent filing of Schedule 13D by the Reporting Persons, whichever is less.

 


Name

  

Purchase or Sale

   Date    Number of
Shares
     Weighted
Average Price
Per Share
     Range of Prices  

CCP

  

Open Market Purchase

   4/1/2020      76,843      $ 16.7754        $16.570 - $16.960    

Separate Account

  

Open Market Purchase

   4/1/2020      23,157      $ 16.7754        $16.570 - $16.960    

CCP

  

Open Market Purchase

   4/2/2020      19,233      $ 16.4461        $16.290 - $16.500    

Separate Account

  

Open Market Purchase

   4/2/2020      5,767      $ 16.4461        $16.290 - $16.500    

CCP

  

Open Market Purchase

   4/15/2020      44,721      $ 17.0703        $16.890 - $17.180    

Separate Account

  

Open Market Purchase

   4/15/2020      13,497      $ 17.0703        $16.890 - $17.180    

CCP

  

Open Market Purchase

   4/16/2020      79,734      $ 16.2456        $16.095 - $16.390    

Separate Account

  

Open Market Purchase

   4/16/2020      23,845      $ 16.2456        $16.095 - $16.390    

CUSIP No. 05591B109    13D/A No. 2    Page 8 of 9

 

CCP

  

Open Market Purchase

   4/20/2020      38,395      $ 17.2519        $16.980 - $17.440    

Separate Account

  

Open Market Purchase

   4/20/2020      11,605      $ 17.2519        $16.980 - $17.440    

CCP

  

Open Market Purchase

   4/21/2020      60,451      $ 16.8542        $16.700 - $16.960    

Separate Account

  

Open Market Purchase

   4/21/2020      18,254      $ 16.8542        $16.700 - $16.960    

CCP

  

Open Market Purchase

   4/22/2020      41,089      $ 16.8287        $16.740 - $16.900    

Separate Account

  

Open Market Purchase

   4/22/2020      3,911      $ 16.8287        $16.740 - $16.900    

CCP

  

Open Market Purchase

   4/28/2020      23,027      $ 20.0640        $19.665 - $20.370    

Separate Account

  

Open Market Purchase

   4/28/2020      6,973      $ 20.0640        $19.665 - $20.370    

CCP

  

Open Market Purchase

   4/29/2020      38,296      $ 22.1928        $21.790 - $22.710    

Separate Account

  

Open Market Purchase

   4/29/2020      11,704      $ 22.1928        $21.790 - $22.710    

CCP

  

Open Market Purchase

   4/30/2020      34,430      $ 21.3308        $21.235 - $21.500    

Separate Account

  

Open Market Purchase

   4/30/2020      10,570      $ 21.3308        $21.235 - $21.500    

CCP

  

Open Market Purchase

   5/1/2020      2,346      $ 20.0733        $19.965 - $20.150    

Separate Account

  

Open Market Purchase

   5/1/2020      710      $ 20.0733        $19.965 - $20.150    

CCP

  

Open Market Purchase

   5/5/2020      75,000      $ 21.7871        $21.450 - $21.950    

CCP

  

Open Market Purchase

   5/6/2020      190,000      $ 21.1203        $20.080 - $21.400    

 

(d)

Except as set forth in Item 6 hereof, no person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock reported herein.

The information in Item 6 hereof is incorporated by reference herein.

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

Item 6 is hereby amended and supplemented as follows:

CCM is an investment adviser whose clients, including CCP and the Separate Account, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock. CC is the general partner of CCP. Gray and Shackelton are the managers of CC and CCM.


CUSIP No. 05591B109    13D/A No. 2    Page 9 of 9

 

SIGNATURES

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.

DATED: May 8, 2020

 

COLISEUM CAPITAL MANAGEMENT, LLC     CHRISTOPHER SHACKELTON
By:   /s/ Chivonne Cassar     By:   /s/ Chivonne Cassar
  Chivonne Cassar, Attorney-in-fact       Chivonne Cassar, Attorney-in-fact
COLISEUM CAPITAL, LLC     ADAM GRAY
By:   /s/ Chivonne Cassar     By:   /s/ Chivonne Cassar
  Chivonne Cassar, Attorney-in-fact       Chivonne Cassar, Attorney-in-fact
COLISEUM CAPITAL PARTNERS, L.P.    
By:   Coliseum Capital, LLC, General Partner      
By:   /s/ Chivonne Cassar      
  Chivonne Cassar, Attorney-in-fact