Item 1(a). Name of Issuer:
STR Holdings, Inc., a Delaware corporation (the “Issuer”).
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Item 1(b).
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Address of Issuer’s Principal Executive Offices:
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18 Craftsman Road
East Windsor, CT 06088
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Item 2(a).
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Name of Person Filing:
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Riley Investment Partners, L.P., a Delaware limited partnership (“RIP”)
Riley Investment Management, LLC, a Delaware limited liability company (“RIM”)
B. Riley & Co., LLC, a Delaware limited liability company (“BRC”)
B. Riley & Co., LLC 401(k) Profit Sharing Plan (“BRC Profit Sharing Plan”)
Bryant R. Riley (“Mr. Riley”)
Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.”
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Item 2(b).
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Address of Principal Business Office or, if None, Residence:
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The principal business address of each of RIP, RIM, BRC, BRC Profit Sharing Plan and Mr. Riley is:
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11100 Santa Monica Blvd., Suite 800
Los Angeles, CA 90025
Each of RIP, RIM and BRC is organized under the laws of the State of Delaware. Mr. Riley is a citizen of the United States of America.
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Item 2(d).
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Title of Class of Securities:
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Common Stock, par value $0.01 (the “Common Stock”)
78478V100
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Item 3.
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If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:
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(a)
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Broker or dealer registered under Section 15 of the Exchange Act.
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(b)
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Bank as defined in Section 3(a)(6) of the Exchange Act.
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(c)
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Insurance company as defined in Section 3(a)(19) of the Exchange Act.
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(d)
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Investment company registered under Section 8 of the Investment Company Act.
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(e)
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An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).
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(f)
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An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).
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(g)
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A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G).
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(h)
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A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.
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(i)
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A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act.
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(j)
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A non-U.S. institution in accordance with Section 13d-1(b)(1)(ii)(J).
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(k)
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Group, in accordance with Section 13d-1(b)(1)(ii)(K).
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(a)
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Amount beneficially owned:
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As of the close of business on the date hereof, RIP owned directly 407,202 shares of Common Stock. RIM, as the investment advisor and general partner of RIP, may be deemed to beneficially own the 407,202 shares of Common Stock owned directly by RIP. Mr. Riley, as the Managing Member of RIP, may be deemed to beneficially own the 407,202 shares of Common Stock owned directly by RIP.
As of the close of business on the date hereof, BRC owned directly 487,400 shares of Common Stock. Mr. Riley, as the Chairman of BRC, may be deemed to beneficially own the 487,400 shares of Common Stock owned directly by BRC.
As of the close of business on the date hereof, BRC Profit Sharing Plan owned directly 100,000 shares of Common Stock. Mr. Riley, as the Trustee of BRC Profit Sharing Plan, may be deemed to beneficially own the 100,000 shares of Common Stock owned directly by BRC Profit Sharing Plan.
As of the close of business on the date hereof, Mr. Riley beneficially owned 989,540 shares of Common Stock held jointly with his wife, 188,000 shares of Common Stock held in custodial accounts for the benefit of his family members of which he is the custodian and 5,128 shares of restricted Common Stock he received in his capacity as a director of the Issuer.
The foregoing should not be construed as an admission by any Reporting Person as to beneficial ownership of any shares of Common Stock owned by another Reporting Person. Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock that are not directly owned by such Reporting Person.
The aggregate percentage of shares reported owned by each Reporting Person is based upon 26,548,520 shares outstanding as of July 31, 2014, which is the total number of shares outstanding as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on August 12, 2014.
As of the close of business on the date hereof, RIP owned directly approximately 1.5% of the outstanding shares of Common Stock. By virtue of their relationships with RIP described above in Item 4(a), each of RIM and Mr. Riley may be deemed to beneficially own the approximately 1.5% of the outstanding shares of Common Stock owned directly by RIP.
As of the close of business on the date hereof, BRC owned directly approximately 1.8% of the outstanding shares of Common Stock. By virtue of his relationship with BRC described above in Item 4(a), Mr. Riley may be deemed to beneficially own the approximately 1.8% of the outstanding shares of Common Stock owned directly by BRC.
As of the close of business on the date hereof, BRC Profit Sharing Plan owned directly approximately 0.4% of the outstanding shares of Common Stock. By virtue of his relationship with BRC Profit Sharing Plan described above in Item 4(a), Mr. Riley may be deemed to beneficially own the approximately 0.4% of the outstanding shares of Common Stock owned directly by BRC Profit Sharing Plan.
As of the close of business on the date hereof, Mr. Riley beneficially owned the approximately 3.7% of the outstanding shares of Common Stock held jointly with his wife, the approximately 0.7% of the outstanding shares of Common Stock held in custodial accounts for the benefit of his family members, and the approximately 0.02% of the outstanding shares of Common Stock he received in his capacity as a director of the Issuer, which, together with the approximately 3.4% of the outstanding shares of Common Stock collectively owned by RIP, BRC and BRC Profit Sharing Plan that Mr. Riley may also be deemed to beneficially own, constitutes approximately 8.2% of the outstanding shares of Common Stock.
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(c)
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Number of shares as to which such person has:
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(i)
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Sole power to vote or to direct the vote
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See Cover Pages Items 5-9.
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(ii)
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Shared power to vote or to direct the vote
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See Cover Pages Items 5-9.
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(iii)
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Sole power to dispose or to direct the disposition of
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See Cover Pages Items 5-9.
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(iv)
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Shared power to dispose or to direct the disposition of
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See Cover Pages Items 5-9.
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Item 5.
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Ownership of Five Percent or Less of a Class.
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Not Applicable.
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Item 6.
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Ownership of More than Five Percent on Behalf of Another Person.
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Not Applicable.
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Item 7.
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Identification and Classification of the Subsidiary That Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
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Not Applicable.
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Item 8.
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Identification and Classification of Members of the Group.
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See Exhibit 99.1.
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Item 9.
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Notice of Dissolution of Group.
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Not Applicable.
By signing below each of the undersigned certifies that, to the best of its 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.
SIGNATURE
After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
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Dated: August 28, 2014
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RILEY INVESTMENT PARTNERS, L.P.
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By:
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Riley Investment Management, LLC,
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its General Partner
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By:
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/s/ Bryant R. Riley
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Name:
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Bryant R. Riley
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Title:
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Managing Member
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RILEY INVESTMENT MANAGEMENT, LLC
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By:
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Name:
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Bryant R. Riley
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Title:
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Managing Member
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B. RILEY & CO., LLC
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By:
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Name:
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Bryant R. Riley
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Title:
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Chairman
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B. RILEY & CO., LLC
401(K) PROFIT SHARING PLAN
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By:
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Name:
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Bryant R. Riley
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Title:
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Trustee
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BRYANT RILEY
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By:
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Name:
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Bryant R. Riley
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