Filing Details

Accession Number:
0001193125-20-008977
Form Type:
13G Filing
Publication Date:
2020-01-16 16:15:34
Filed By:
Henry Partners L P
Company:
Css Industries Inc (NYSE:CSS)
Filing Date:
2020-01-16
SEC Url:
13G 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
Henry Partners 250,000 250,000 457,000 2.8%
Matthew Partners 205,000 205,000 2.3%
Henry Investment Trust 455,000 455,000 5.1%
David W. Wright 457,000 457,000 5.1%
Filing

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

 

CSS Industries, Inc.

(Name of Issuer)

Common Stock, par value $0.10 per share

(Title of Class of Securities)

125906107

(CUSIP Number)

January 10, 2020

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

 

*

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).

 

 

 


Schedule 13G   Page 2 of 11 Pages

CUSIP NO. 125906107

 

  1.   

Names of Reporting Persons

 

Henry Partners, L.P.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☒        (b)  ☐

 

  3.  

SEC USE ONLY

 

  4.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

   5.    

Sole Voting Power

 

250,000 shares

   6.   

Shared Voting Power

 

None

   7.   

Sole Dispositive Power

 

250,000 shares

   8.   

Shared Dispositive Power

 

None

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

Henry Partners, L.P. 250,000 shares

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.  

Percent of Class Represented by Amount in Row (9)*

 

2.8% for Henry Partners, L.P.

12.  

Type of Reporting Person (See Instructions)

 

PN

 

*

Henry Investment Trust, L.P. is the sole general partner of each of Henry Partners, L.P. and Matthew Partners, L.P.    Reference is made to Item 4 of this Schedule 13G.


Schedule 13G   Page 3 of 11 Pages

CUSIP NO. 125906107

 

  1.   

Names of Reporting Persons

 

Matthew Partners, L.P.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☒        (b)  ☐

 

  3.  

SEC USE ONLY

 

  4.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

   5.    

Sole Voting Power

 

205,000 shares

   6.   

Shared Voting Power

 

None

   7.   

Sole Dispositive Power

 

205,000 shares

   8.   

Shared Dispositive Power

 

None

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

Matthew Partners, L.P. 205,000 shares;

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.  

Percent of Class Represented by Amount in Row (9)*

 

2.3% for Matthew Partners, L.P.

12.  

Type of Reporting Person (See Instructions)

 

PN

 

*

Henry Investment Trust, L.P. is the sole general partner of each of Henry Partners, L.P. and Matthew Partners, L.P. Reference is made to Item 4 of this Schedule 13G.


Schedule 13G   Page 4 of 11 Pages

CUSIP NO. 125906107

 

  1.   

Names of Reporting Persons

 

Henry Investment Trust, L.P.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☒*        (b)  ☐

 

  3.  

SEC USE ONLY

 

  4.  

Citizenship or Place of Organization

 

Pennsylvania

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

   5.    

Sole Voting Power

 

455,000 shares

   6.   

Shared Voting Power

 

None

   7.   

Sole Dispositive Power

 

455,000 shares

   8.   

Shared Dispositive Power

 

None

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person*

 

Henry Investment Trust, L.P. 455,000 shares

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.  

Percent of Class Represented by Amount in Row (9)

 

5.1% for Henry Investment Trust, L.P.

12.  

Type of Reporting Person (See Instructions)

 

PN

 

*

Henry Investment Trust, L.P. is the sole general partner of each of Henry Partners, L.P. and Matthew Partners, L.P. Reference is made to Item 4 of this Schedule 13G.


Schedule 13G   Page 5 of 11 Pages

CUSIP NO. 125906107

 

  1.   

Names of Reporting Persons

 

David W. Wright

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☒*        (b)  ☐

 

  3.  

SEC USE ONLY

 

  4.  

Citizenship or Place of Organization

 

Pennsylvania

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

   5.    

Sole Voting Power

 

457,000 shares (including 2,000 shares held individually by Mr. Wright)*

   6.   

Shared Voting Power

 

None

   7.   

Sole Dispositive Power

 

457,000 shares (including 2,000 shares held individually by Mr. Wright)*

   8.   

Shared Dispositive Power

 

None

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person*

 

457,000 shares (including 2,000 shares held individually by Mr. Wright)*

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.  

Percent of Class Represented by Amount in Row (9)

 

5.1% for David W. Wright (including 0.02% owned individually by Mr. Wright)

12.  

Type of Reporting Person (See Instructions)

 

PN

*

David W. Wright is the President of Canine Partners, LLC, which is the sole general partner of Henry Investment Trust, L.P. Henry Investment Trust, L.P. is the sole general partner of each of Henry Partners, L.P. and Matthew Partners, L.P. Reference is made to Item 4 of this Schedule 13G.


Schedule 13G   Page 6 of 11 Pages

CUSIP NO. 125906107

 

Item 1.(a)

Name of Issuer:

CSS Industries, Inc.

 

Item 1.(b)

Address of Issuers Principal Executive Offices:

450 Plymouth Road, Suite 300,

Plymouth Meeting, PA

 

Item 2.(a)

Name of Person Filing:

 

  (1)

Henry Partners, L.P.

 

  (2)

Matthew Partners, L.P.

 

  (3)

Henry Investment Trust, L.P.

 

  (4)

David W. Wright

 

Item 2.(b)

Address of Principal Business Office or, if none, Residence:

 

  (1)

255 South 17th Street, Suite 1102

Philadelphia, PA 19103

 

  (2)

255 South 17th Street, Suite 1102

Philadelphia, PA 19103

 

  (3)

255 South 17th Street, Suite 1102

Philadelphia, PA 19103

 

  (4)

255 South 17th Street, Suite 1102

Philadelphia, PA 19103

 

Item 2.(c)

Citizenship:

 

  (1)

Delaware

 

  (2)

Delaware

 

  (3)

Pennsylvania

 

  (4)

Pennsylvania

 

Item 2.(d)

Title of Class of Securities:

Common Stock, par value $0.10 per share

 

Item 2.(e)

CUSIP Number:

125906107

 

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

  (a)  ☐

Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).

 

  (b)  ☐

Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).

 

  (c)  ☐

Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).


Schedule 13G   Page 7 of 11 Pages

CUSIP NO. 125906107

 

  (d)  ☐

Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

 

  (e)  ☐

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).

 

  (f)  ☐

An employee benefit plan or endowment fund in accordance with §240.13d-(b)(1)(ii)(F).

 

  (g)  ☐

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).

 

  (h)  ☐

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

 

  (i)  ☐

A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

 

  (j)  ☐

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J).

 

  (k)  ☐

Group, in accordance with §240.13d-(b)(1)(ii)(K).

Not applicable.

 

Item 4.

Ownership.

The percentage of ownership reported in this Schedule 13G is based upon 8,880,297 shares of common stock of the issuer outstanding as of November 11, 2019, as reported in the issuers Form 10-Q quarterly report for the quarter ended September 30, 2019. Henry Partners, L.P., Matthew Partners, L.P. and Henry Investment Trust, L.P. are beneficial holders, in the aggregate, of 455,000 shares of common stock of the issuer, or approximately 5.1% of the total number of outstanding shares of common stock of the issuer, and David W. Wright is the beneficial owner of 2,000 shares of common stock of the issuer, or approximately 0.02%, for a total aggregate percentage of 5.1%.

Henry Investment Trust, L.P. is the general partner of each of Henry Partners, L.P. and Matthew Partners, L.P. David W. Wright is the investment manager of each of Henry Partners, L.P. and Matthew Partners, L.P. and is the President of Canine Partners, LLC, the general partner of Henry Investment Trust, L.P. Investment decisions made on behalf of Henry Partners, L.P. and Matthew Partners, L.P. are made primarily through their general partner and David W. Wright.

 

  (a)

Amount beneficially owned:

 

  (1)

250,000 shares

 

  (2)

205,000 shares

 

  (3)

455,000 shares (Henry Investment Trust, L.P. may be deemed a beneficial owner of the shares held by Henry Partners, L.P. and Matthew Partners, L.P. solely because Henry Investment Trust, L.P. is the general partner of those partnerships)

 

  (4)

457,000 shares (including 2,000 shares held individually by Mr. Wright).


Schedule 13G   Page 8 of 11 Pages

CUSIP NO. 125906107

 

  (b)

Percent of Class:

 

  (1)

2.8%

 

  (2)

2.3%

 

  (3)

5.1%

 

  (4)

5.1% (including 0.02% held individually by Mr. Wright)

 

  (c)

Number of Shares as to which the person has:

 

  i.

Sole power to vote or to direct the vote:

 

  (1)

250,000 shares

 

  (2)

205,000 shares

 

  (3)

455,000 shares (Henry Investment Trust, L.P. may be deemed a beneficial owner of the shares held by Henry Partners, L.P. and Matthew Partners, L.P. solely because Henry Investment Trust, L.P. is the general partner of those partnerships)

 

  (4)

457,000 shares (including 2,000 shares held individually by Mr. Wright).

 

  ii.

Shared power to vote or to direct the vote:

 

  (1)

-0-

 

  (2)

-0-

 

  (3)

-0-

 

  (4)

-0-

 

  iii.

Sole power to dispose or to direct the disposition of:

 

  (1)

250,000 shares

 

  (2)

205,000 shares

 

  (3)

455,000 shares (Henry Investment Trust, L.P. may be deemed a beneficial owner of the shares held by Henry Partners, L.P. and Matthew Partners, L.P. solely because Henry Investment Trust, L.P. is the general partner of those partnerships)

 

  (4)

457,000 shares (including 2,000 shares held individually by Mr. Wright).

 

  iv.

Shared power to dispose or to direct the disposition of:

 

  (1)

-0-

 

  (2)

-0-

 

  (3)

-0-

 

  (4)

-0-

 

Item 5.

Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. ☐


Schedule 13G   Page 9 of 11 Pages

CUSIP NO. 125906107

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not applicable.

 

Item 8.

Identification and Classification of Members of the Group.

Not applicable.

 

Item 9.

Notice of Dissolution of Group.

Not applicable.

 

Item 10.

Certifications.

By signing below I certify that, to the best of my 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, other than activities solely in connection with a nomination under § 240.14a-11.


Schedule 13G   Page 10 of 11 Pages

CUSIP NO. 125906107

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.

 

    HENRY PARTNERS, L.P. by its General Partner,
      HENRY INVESTMENT TRUST, L.P., by its
      General Partner, CANINE PARTNERS, LLC
Date: January 16, 2020     By:   /s/ David W. Wright
      David W. Wright,
      President
    MATTHEW PARTNERS, L.P. by its General Partner,
      HENRY INVESTMENT TRUST, L.P., by its
      General Partner, CANINE PARTNERS, LLC
Date: January 16, 2020     By:   /s/ David W. Wright
      David W. Wright,
      President
    HENRY INVESTMENT TRUST, L.P., by its
      General Partner, CANINE PARTNERS, LLC
Date: January 16, 2020     By:   /s/ David W. Wright
      David W. Wright,
      President
Date: January 16, 2020       /s/ David W. Wright
      David W. Wright

Schedule 13G   Page 11 of 11 Pages

CUSIP NO. 125906107

JOINT FILING AGREEMENT

The undersigned, the Reporting Persons named in this Schedule 13G (the Schedule 13G), hereby agree that the Schedule 13G is filed on behalf of each of them and that each Reporting Person is responsible for the timely filing of any amendments to the Schedule 13G. Each Reporting Person further agrees that each of them is responsible for the completeness and accuracy of the information concerning such Reporting Person, respectively, contained in the Schedule 13G and that each of them is not responsible for the completeness or accuracy of the information concerning the other Reporting Persons.

IN WITNESS WHEREOF, the undersigned have executed this Joint Filing Agreement as of the 16th day of January, 2020.

 

HENRY PARTNERS, L.P., by its General Partner,
  HENRY INVESTMENT TRUST, L.P., by its
  General Partner, CANINE PARTNERS, LLC
By:   /s/ David W. Wright
  David W. Wright,
  President
MATTHEW PARTNERS, L.P., by its General Partner,
  HENRY INVESTMENT TRUST, L.P., by its
  General Partner, CANINE PARTNERS, LLC
By:   /s/ David W. Wright
  David W. Wright,
  President
HENRY INVESTMENT TRUST, L.P., by its
  General Partner, CANINE PARTNERS, LLC
By:   /s/ David W. Wright
  David W. Wright,
  President
  /s/ David W. Wright
  David W. Wright