13D Filing: Huber Capital Management and Teekay Tankers Ltd (TNK)

Item 1.

Security and Issuer.

This Amendment No. 1 (“Amendment
No. 1”) is being filed to amend the Statement on Schedule 13D filed on June 19, 2017 regarding the shares
of Class A common stock (the “Class A Shares”) of Teekay Tankers Ltd., a corporation organized under the laws
of the Republic of the Marshall Islands (the “Issuer”), with principal executive offices at 4th Floor, Belvedere
Building, 69 Pitts Bay Road, Hamilton HM 08, Bermuda.

Item 2.

Identity and Background.

 

a.

This statement is filed by:

(i)

Huber Capital Management, LLC, a Delaware limited liability company (“HCM”) with respect to the direct voting and dispositive power over the Class A Shares held by HCM’s clients, as a result of causing HCM’s clients to acquire such Class A Shares pursuant to HCM’s discretionary authority to manage the assets of such clients. Joseph R. Huber is an indirect owner and Chief Executive Officer of HCM.

(ii)

Joseph R. Huber with respect to the direct and indirect voting and dispositive power over Class A Shares, in part as a result of his capacity as managing member and Chief Executive Officer of HCM.

The foregoing persons are hereinafter collectively
referred to as the “Reporting Persons.”

b.

The Reporting Persons’ business address is 2321 Rosecrans Ave., Suite 3245, El Segundo, CA 90245.

c.

The principal occupation of Mr. Huber is his employment as the Chief Executive Officer and Chief Investment Officer of HCM.

d.

During the last five years, the Reporting Persons have not been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors).

e.

During the last five years, the Reporting Persons were not a party to a civil proceeding of a judicial or administrative body of competent jurisdiction making the Reporting Persons 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.

f.

Mr. Huber is a citizen of the United States.

Item 3.

Source and Amount of Funds or Other Consideration.

HCM caused HCM’s clients to acquire the Class A Shares
held in such client’s accounts using client funds. Mr. Huber acquired his Class A Shares with personal funds.