Filing Details

Accession Number:
0000919574-18-008054
Form Type:
13D Filing
Publication Date:
2018-12-18 17:15:34
Filed By:
Harbert Discovery Fund, Lp
Company:
Ecology & Environment Inc (NASDAQ:EEI)
Filing Date:
2018-12-18
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
Harbert Discovery Fund 0 278,009 0 278,009 278,009 9.2%
Harbert Discovery Fund GP 0 278,009 0 278,009 278,009 9.2%
Harbert Fund Advisors, Inc 0 278,009 0 278,009 278,009 9.2%
Harbert Management Corporation 0 278,009 0 278,009 278,009 9.2%
Jack Bryant 0 278,009 0 278,009 278,009 9.2%
Kenan Lucas 0 278,009 0 278,009 278,009 9.2%
Raymond Harbert 0 278,009 0 278,009 278,009 9.2%
Filing

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

SCHEDULE 13D

THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)*

 

 

Ecology and Environment, Inc.
(Name of Issuer)

 

 

Class A Common Stock, $0.01 par value
(Title of Class of Securities)

 

 

278878103
(CUSIP Number)

 

 

Kevin A. McGovern, Esq.

c/o Harbert Discovery Fund, LP

2100 Third Avenue North

Suite 600

Birmingham, AL 35203

Telephone Number 205-987-5500

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

Notices and Communications)

 

 

December 13, 2018
(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 ss.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 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 disclosures provided in a prior cover page.
 

 

CUSIP No. 278878103    

 

1. NAME OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
     
  Harbert Discovery Fund, LP  

  

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)   [_]
    (b)   [_]

  

3. SEC USE ONLY  
     
     

 

4. SOURCE OF FUNDS  
     
  WC  

 

5. CHECK BOX 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

 

7. SOLE VOTING POWER  
     
  0  

 

8. SHARED VOTING POWER  
     
  278,009  

 

9. SOLE DISPOSITIVE POWER
     
  0  

 

10. SHARED DISPOSITIVE POWER  
     
  278,009  

 

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
     
  278,009  

 

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  [_]

 

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
     
  9.2%  

 

14. TYPE OF REPORTING PERSON  
     
  PN  

 

 

 

CUSIP No. 278878103    

 

1. NAME OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
     
  Harbert Discovery Fund GP, LLC  

 

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)   [_]
    (b)   [_]

  

3. SEC USE ONLY  
     
     

 

4. SOURCE OF FUNDS  
     
  AF  

 

5. CHECK BOX 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

 

7. SOLE VOTING POWER  
     
  0  

 

8. SHARED VOTING POWER  
     
  278,009  

 

9. SOLE DISPOSITIVE POWER
     
  0  

 

10. SHARED DISPOSITIVE POWER  
     
  278,009  

 

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
     
  278,009  

 

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  [_]

 

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
     
  9.2%  

 

14. TYPE OF REPORTING PERSON  
     
  OO  

 

 

 

CUSIP No. 278878103    

 

1. NAME OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
     
  Harbert Fund Advisors, Inc.  

 

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)   [_]
    (b)   [_]

 

3. SEC USE ONLY  
     
     

 

4. SOURCE OF FUNDS  
     
  AF  

 

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_]

 

6. CITIZENSHIP OR PLACE OF ORGANIZATION  
     
  Alabama  

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

7. SOLE VOTING POWER  
     
  0  

 

8. SHARED VOTING POWER  
     
  278,009  

 

9. SOLE DISPOSITIVE POWER
     
  0  

 

10. SHARED DISPOSITIVE POWER  
     
  278,009  

 

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
     
  278,009  

 

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  [_]

 

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
     
  9.2%  

 

14. TYPE OF REPORTING PERSON  
     
  IA, CO  

 

 

 

CUSIP No. 278878103    

 

1. NAME OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
     
  Harbert Management Corporation  

 

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)   [_]
    (b)   [_]

 

3. SEC USE ONLY  
     
     

 

4. SOURCE OF FUNDS  
     
  AF  

 

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_]

 

6. CITIZENSHIP OR PLACE OF ORGANIZATION  
     
  Alabama  

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

7. SOLE VOTING POWER  
     
  0  

 

8. SHARED VOTING POWER  
     
  278,009  

 

9. SOLE DISPOSITIVE POWER
     
  0  

 

10. SHARED DISPOSITIVE POWER  
     
  278,009  

 

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
     
  278,009  

 

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  [_]

 

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
     
  9.2%  

 

14. TYPE OF REPORTING PERSON  
     
  CO  

 

 

  

CUSIP No. 278878103    

 

1. NAME OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
     
  Jack Bryant  

 

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)   [_]
    (b)   [_]

  

3. SEC USE ONLY  
     
     

 

4. SOURCE OF FUNDS  
     
  AF  

 

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_]

 

6. CITIZENSHIP OR PLACE OF ORGANIZATION  
     
  United States of America  

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

7. SOLE VOTING POWER  
     
  0  

 

8. SHARED VOTING POWER  
     
  278,009  

 

9. SOLE DISPOSITIVE POWER
     
  0  

 

10. SHARED DISPOSITIVE POWER  
     
  278,009  

 

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
     
  278,009  

 

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  [_]

 

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
     
  9.2%  

 

14. TYPE OF REPORTING PERSON  
     
  IN  

 

 

 

CUSIP No. 278878103    

 

1. NAME OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
     
  Kenan Lucas  

 

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)   [_]
    (b)   [_]

  

3. SEC USE ONLY  
     
     

 

4. SOURCE OF FUNDS  
     
  AF  

 

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_]

 

6. CITIZENSHIP OR PLACE OF ORGANIZATION  
     
  United States of America  

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

7. SOLE VOTING POWER  
     
  0  

 

8. SHARED VOTING POWER  
     
  278,009  

 

9. SOLE DISPOSITIVE POWER
     
  0  

 

10. SHARED DISPOSITIVE POWER  
     
  278,009  

 

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
     
  278,009  

 

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  [_]

 

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
     
  9.2%  

 

14. TYPE OF REPORTING PERSON  
     
  IN  

 

 

 

CUSIP No. 278878103    

 

1. NAME OF REPORTING PERSONS  
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)  
     
  Raymond Harbert  

 

2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)   [_]
    (b)   [_]

  

3. SEC USE ONLY  
     
     

 

4. SOURCE OF FUNDS  
     
  AF  

 

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_]

 

6. CITIZENSHIP OR PLACE OF ORGANIZATION  
     
  United States of America  

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

7. SOLE VOTING POWER  
     
  0  

 

8. SHARED VOTING POWER  
     
  278,009  

 

9. SOLE DISPOSITIVE POWER
     
  0  

 

10. SHARED DISPOSITIVE POWER  
     
  278,009  

 

11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
     
  278,009  

 

12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  [_]

 

13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
     
  9.2%  

 

14. TYPE OF REPORTING PERSON  
     
  IN  

 

 

 

CUSIP No. 278878103    

 

Item 1. Security and Issuer.  
     
  The name of the issuer is Ecology and Environment, Inc., a New York corporation (the "Issuer").  The address of the Issuer's principal executive offices is 368 Pleasant View Drive, Lancaster, New York 14086, United States of America.  This Schedule 13D relates to the Issuer's Class A Common Stock, $0.01 par value (the "Shares").  
     
     
Item 2. Identity and Background.  
     
  (a), (f) This Schedule 13D is being filed jointly by (i) Harbert Discovery Fund, LP, a Delaware limited partnership (the “Fund”), (ii) Harbert Discovery Fund GP, LLC, a Delaware limited liability company (the “Fund GP”), (iii) Harbert Fund Advisors, Inc., an Alabama corporation (“HFA”), (iv) Harbert Management Corporation, an Alabama corporation (“HMC”), (v) Jack Bryant, a United States citizen, (vi) Kenan Lucas, a United States citizen, and (vii) Raymond Harbert, a United States citizen (collectively, the "Reporting Persons").    
       
  (b) The principal business address for each of the Reporting Persons is 2100 Third Avenue North, Suite 600, Birmingham, Alabama 35203.  
       
  (c) Jack Bryant and Kenan Lucas, are directors and co-portfolio managers of the Fund GP, which serves as general partner of the Fund.  Raymond Harbert is the controlling shareholder, Chairman and Chief Executive Officer of HMC, an alternative asset investment management firm that is the managing member of the Fund GP.  Mr. Harbert also serves as the Chairman, Chief Executive Officer and Director of HFA, an indirect, wholly owned subsidiary of HMC, which provides the Fund with certain operational and administrative services.  The principal business of the Fund is purchasing, holding and selling securities for investment purposes.    
       
  (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) None 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 were or are  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 by the Fund came from the working capital of the Fund, over which HFA, HMC, the Fund GP, Jack Bryant, Kenan Lucas and Raymond Harbert, through their roles described above in Item 2(c), exercise investment discretion.  No borrowed funds were used to purchase the Shares, other than borrowed funds used for working capital purposes in the ordinary course of business.  The total costs of the Shares directly owned by Harbert Discovery Fund, LP is approximately $3,162,657.    
         
 

 

Item 4. Purpose of Transaction.  
     
  No amendments to the Item 4 of the Schedule 13D filed on April 27, 2018.    
     
Item 5. Interest in Securities of the Issuer.  
     
  (a) - (e)

As of the date hereof, (i) HFA, HMC, the Fund GP, the Fund, Jack Bryant, Kenan Lucas and Raymond Harbert may be deemed to be the beneficial owners of 278,009 Shares, constituting 9.2% of the Shares, based upon *3,025,226 Shares outstanding.

 

HFA has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 278,009 Shares; has the sole power to dispose or direct the disposition of 0 Shares; and has the shared power to dispose or direct the disposition of 278,009 Shares.

 

HMC has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 278,009 Shares; has the sole power to dispose or direct the disposition of 0 Shares; and has the shared power to dispose or direct the disposition of 278,009 Shares.

 

The Fund GP has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 278,009 Shares; has the sole power to dispose or direct the disposition of 0 Shares; and has the shared power to dispose or direct the disposition of 278,009 Shares.

 

The Fund has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 278,009 Shares; has the sole power to dispose or direct the disposition of 0 Shares; and has the shared power to dispose or direct the disposition of 278,009 Shares.

 

Jack Bryant has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 278,009 Shares; has the sole power to dispose or direct the disposition of 0 Shares; and has the shared power to dispose or direct the disposition of 278,009 Shares.

 

Kenan Lucas has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 278,009 Shares; has the sole power to dispose or direct the disposition of 0 Shares; and has the shared power to dispose or direct the disposition of 278,009 Shares.

 

Raymond Harbert has the sole power to vote or direct the vote of 0 Shares; has the shared power to vote or direct the vote of 278,009 Shares; has the sole power to dispose or direct the disposition of 0 Shares; and has the shared power to dispose or direct the disposition of 278,009 Shares.

 

The transactions by the Reporting Persons in the securities of the Issuer during the past sixty days are set forth in Exhibit B. All such transactions were carried out in open market transactions.

 

*This outstanding Shares figure reflects the number of outstanding Shares at May 31, 2018, as reported in the Issuer's Form 10-Q, filed on June 12, 2018.

 
       
 

 

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.  
     
  Not Applicable.  
     
     
Item 7. Material to be Filed as Exhibits.  
   
 

Exhibit A: Joint Filing Agreement

Exhibit B: Schedule of Transactions in Shares

     

 

 

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.

 

 

    December 18, 2018  
    (Date)  

 

 

  Harbert Discovery Fund, LP  
     
  By: Harbert Discovery Fund GP, LLC,  
    its General Partner  
       
  By: Harbert Management Corporation,  
    its Managing Member  
       
  By:

/s/ John McCullough

 
   

Executive Vice President and

General Counsel

 
       
  Harbert Discovery Fund GP, LLC*  
     
  By: Harbert Management Corporation, its Managing Member  
       
  By:

/s/ John McCullough

 
    Executive Vice President and
General Counsel
 
       
  Harbert Fund Advisors, Inc.*  
     
  By:

/s/ John McCullough

 
    Executive Vice President and
General Counsel
 
       
  Harbert Management Corporation*  
     
  By:

/s/ John McCullough

 
    Executive Vice President and
General Counsel
 
       
   

/s/ Jack Bryant *

 
    Jack Bryant  
       
   

/s/ Kenan Lucas*

 
    Kenan Lucas  
       
   

/s/ Raymond Harbert*

 
    Raymond Harbert  
       

  

* This reporting person disclaims beneficial ownership of these reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that any such person is the beneficial owner of these securities for purposes of Section 16 of the U.S. Securities Exchange Act of 1934, as amended, or for any other purpose.

 

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).

 

 

Exhibit A

 

AGREEMENT

 

 

The undersigned agree that this Schedule 13D, Amendment 1, dated December 18, 2018, relating to the Class A Common Stock, $0.01 par value of Ecology and Environment, Inc. shall be filed on behalf of the undersigned.

 

 

    December 18, 2018  
    (Date)  

 

 

  Harbert Discovery Fund, LP  
     
  By: Harbert Discovery Fund GP, LLC,  
    its General Partner  
       
  By: Harbert Management Corporation,  
    its Managing Member  
       
  By:

/s/ John McCullough

 
   

Executive Vice President and

General Counsel

 
       
  Harbert Discovery Fund GP, LLC  
     
  By: Harbert Management Corporation, its Managing Member  
       
  By:

/s/ John McCullough

 
    Executive Vice President and
General Counsel
 
       
  Harbert Fund Advisors, Inc.  
     
  By:

/s/ John McCullough

 
    Executive Vice President and
General Counsel
 
       
  Harbert Management Corporation  
     
  By:

/s/ John McCullough

 
    Executive Vice President and
General Counsel
 
       
   

/s/ Jack Bryant

 
    Jack Bryant  
       
   

/s/ Kenan Lucas

 
    Kenan Lucas  
       
   

/s/ Raymond Harbert

 
    Raymond Harbert  
       

 

 

Exhibit B

 

 

Schedule of Transactions in Shares

 

Date of Transaction   Title of Class   Number of Shares Acquired   Number of Shares Disposed   Price Per Share
                 
10/22/2018   Class A Common Stock, $0.01 par value   2,265        12.9469
10/23/2018   Class A Common Stock, $0.01 par value   1,517        12.9988
10/24/2018   Class A Common Stock, $0.01 par value   1,275        13.0078
11/9/2018   Class A Common Stock, $0.01 par value   306        12.2827
11/12/2018   Class A Common Stock, $0.01 par value   2,038        12.1967
11/14/2018   Class A Common Stock, $0.01 par value   2,400        11.9226
11/20/2018   Class A Common Stock, $0.01 par value   2,210        10.4134
11/21/2018   Class A Common Stock, $0.01 par value   200        10.5000
11/23/2018   Class A Common Stock, $0.01 par value   225        10.5000
11/26/2018   Class A Common Stock, $0.01 par value   3,400        10.8021
11/27/2018   Class A Common Stock, $0.01 par value   2,941        10.7060
11/29/2018   Class A Common Stock, $0.01 par value   800        10.7300
12/4/2018   Class A Common Stock, $0.01 par value   1,372        10.4441
12/7/2018   Class A Common Stock, $0.01 par value   195        10.6500
12/10/2018   Class A Common Stock, $0.01 par value   1,600        10.2121
12/11/2018   Class A Common Stock, $0.01 par value   200        10.3050
12/13/2018   Class A Common Stock, $0.01 par value   9,321        11.4639
12/13/2018   Class A Common Stock, $0.01 par value   5,700        11.2925
12/14/2018   Class A Common Stock, $0.01 par value   769        11.4961
12/17/2018   Class A Common Stock, $0.01 par value   1,034        11.4912