Filing Details
- Accession Number:
- 0001315863-20-000085
- Form Type:
- 13G Filing
- Publication Date:
- 2020-01-21 15:35:15
- Filed By:
- Prescott Group Capital Management
- Company:
- Francesca's Holdings Corp (NASDAQ:FRAN)
- Filing Date:
- 2020-01-21
- 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 |
|---|---|---|---|---|---|---|
| Prescott Group Capital Management | 0 | 0 | 0 | 0 | 10 | 0% |
| Prescott Group Aggressive Small Cap | 0 | 0 | 0 | 0 | 0 | 0% |
| Prescott Group Aggressive Small Cap II | 0 | 0 | 0 | 0 | 0 | 0% |
| Prescott Group Aggressive Small Cap Master Fund, G.P | 0 | 0 | 0 | 0 | 0 | 0% |
| Phil Frohlich | 0 | 0 | 0 | 0 | 0 | 0% |
Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Amendment No. 1)
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
Francesca’s Holdings Corporation
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
351793203
(CUSIP Number)
December 31, 2019
(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)
| CUSIP No. 351793203 | | | |
| 1 | | NAME OF REPORTING PERSONS Prescott Group Capital Management, L.L.C. | ||||
| 2 | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ☐ (b) ☐ | ||||
| 3 | | SEC USE ONLY | ||||
| 4 | | CITIZENSHIP OR PLACE OF ORGANIZATION State of Oklahoma | ||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | | 5 | | SOLE VOTING POWER 0 | ||
| | 6 | | SHARED VOTING POWER 0 | |||
| | 7 | | SOLE DISPOSITIVE POWER 0 | |||
| | 8 | | SHARED DISPOSITIVE POWER 0 | |||
| 9 | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
| 10 | | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ☐ | ||||
| 11 | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0%** | ||||
| 12 | | TYPE OF REPORTING PERSON* IA | ||||
| * | SEE INSTRUCTIONS BEFORE FILLING OUT |
| ** | SEE ITEM 4. |
| CUSIP No. 351793203 | | | | |
| 1 | | NAME OF REPORTING PERSONS Prescott Group Aggressive Small Cap, L.P. | ||||
| 2 | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ☐ (b) ☐ | ||||
| 3 | | SEC USE ONLY | ||||
| 4 | | CITIZENSHIP OR PLACE OF ORGANIZATION State of Oklahoma | ||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | | 5 | | SOLE VOTING POWER 0 | ||
| | 6 | | SHARED VOTING POWER 0 | |||
| | 7 | | SOLE DISPOSITIVE POWER 0 | |||
| | 8 | | SHARED DISPOSITIVE POWER 0 | |||
| 9 | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 | ||||
| 10 | | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ☐ | ||||
| 11 | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0%** | ||||
| 12 | | TYPE OF REPORTING PERSON* PN | ||||
| | |
| * | SEE INSTRUCTIONS BEFORE FILLING OUT |
| ** | SEE ITEM 4. |
| CUSIP No. 351793203 | | | | |
| 1 | | NAME OF REPORTING PERSONS Prescott Group Aggressive Small Cap II, L.P. | ||||
| 2 | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ☐ (b) ☐ | ||||
| 3 | | SEC USE ONLY | ||||
| 4 | | CITIZENSHIP OR PLACE OF ORGANIZATION State of Oklahoma | ||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | | 5 | | SOLE VOTING POWER 0 | ||
| | 6 | | SHARED VOTING POWER 0 | |||
| | 7 | | SOLE DISPOSITIVE POWER 0 | |||
| | 8 | | SHARED DISPOSITIVE POWER 0 | |||
| 9 | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 | ||||
| 10 | | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ☐ | ||||
| 11 | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0%** | ||||
| 12 | | TYPE OF REPORTING PERSON* PN | ||||
| * | SEE INSTRUCTIONS BEFORE FILLING OUT |
| ** | SEE ITEM 4. |
| CUSIP No. 351793203 | | | | |
| 1 | | NAME OF REPORTING PERSONS Prescott Group Aggressive Small Cap Master Fund, G.P. | ||||
| 2 | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ☐ (b) ☐ | ||||
| 3 | | SEC USE ONLY | ||||
| 4 | | CITIZENSHIP OR PLACE OF ORGANIZATION State of Oklahoma | ||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | | 5 | | SOLE VOTING POWER 0 | ||
| | 6 | | SHARED VOTING POWER 0 | |||
| | 7 | | SOLE DISPOSITIVE POWER 0 | |||
| | 8 | | SHARED DISPOSITIVE POWER 0 | |||
| 9 | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 | ||||
| 10 | | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ☐ | ||||
| 11 | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0%** | ||||
| 12 | | TYPE OF REPORTING PERSON* PN | ||||
| | |
| * | SEE INSTRUCTIONS BEFORE FILLING OUT |
| ** | SEE ITEM 4. |
| CUSIP No. 351793203 | | | | |
| 1 | | NAME OF REPORTING PERSONS Phil Frohlich | ||||
| 2 | | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ☐ (b) ☐ | ||||
| 3 | | SEC USE ONLY | ||||
| 4 | | CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen | ||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | | 5 | | SOLE VOTING POWER 0 | ||
| | 6 | | SHARED VOTING POWER 0 | |||
| | 7 | | SOLE DISPOSITIVE POWER 0 | |||
| | 8 | | SHARED DISPOSITIVE POWER 0 | |||
| 9 | | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 | ||||
| 10 | | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ☐ | ||||
| 11 | | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0%** | ||||
| 12 | | TYPE OF REPORTING PERSON* IN, HC | ||||
| * | SEE INSTRUCTIONS BEFORE FILLING OUT |
| ** | SEE ITEM 4. |
AMENDMENT NO. 1 TO SCHEDULE 13G
This Amendment No. 1 (this “Amendment”) to the Schedule 13G (the “Schedule 13G”) is being filed on behalf of Prescott Group Capital Management, L.L.C., an Oklahoma limited liability company (“Prescott Capital”), Prescott
Group Aggressive Small Cap, L.P., an Oklahoma limited partnership (“Prescott Small Cap”), Prescott Group Aggressive Small Cap II, L.P., an Oklahoma limited partnership (“Prescott Small Cap II”, and, together with Prescott Small Cap, the “Small Cap
Funds”), Prescott Group Aggressive Small Cap Master Fund, G.P., an Oklahoma general partnership (“Master Fund”) and Mr. Phil Frohlich, the principal of Prescott Capital, relating to Common Stock, par value $.01 per share (the “Common Stock”), of
Francesca’s Holdings Corporation, a Delaware corporation (the “Issuer”).
This Amendment relates to shares of Common Stock of the Issuer that were held in the account of the Master Fund, of which the Small Cap Funds are general partners. Prescott Capital serves as the general partner and
investment manager of the Small Cap Funds and may direct the Small Cap Funds, the general partners of the Master Fund, to direct the vote and disposition of shares of Common Stock held by the Master Fund. As the principal of Prescott Capital,
Mr. Frohlich may direct the vote and disposition of shares of Common Stock held by the Master Fund. As of December 31, 2019, there were no longer any shares of Common Stock of the Issuer held in the account of the Master Fund.
This Amendment amends and restates the Schedule 13G as follows.
| Item 1(a) | Name of Issuer. |
Francesca’s Holdings Corporation (the “Issuer”)
| Item 1(b) | Address of Issuer’s Principal Executive Offices. |
8760 Clay Road
Houston, Texas 77080
| Item 2(a) | Name of Person Filing. |
Prescott Group Capital Management, L.L.C. (“Prescott Capital”), Prescott Group Aggressive Small Cap, L.P. (“Prescott Small Cap”), Prescott Group Aggressive Small Cap II, L.P. (“Prescott Small Cap II” and, together with
Prescott Small Cap, the “Small Cap Funds”), Prescott Group Aggressive Small Cap Master Fund, G.P. (“Master Fund”) and Mr. Phil Frohlich.
| Item 2(b) | Address of Principal Business Office, or, if none, Residence. |
1924 South Utica, Suite 1120
Tulsa, Oklahoma 74104
| Item 2(c) | Citizenship or Place of Organization. |
Prescott Capital is an Oklahoma limited liability company. The Small Cap Funds are Oklahoma limited partnerships. The Master Fund is an Oklahoma general partnership. Mr. Phil Frohlich is the principal of Prescott Capital and is a U.S. citizen.
| Item 2(d) | Title of Class of Securities. |
Common Stock, par value $.01 per share (the “Common Stock”).
| Item 2(e) | CUSIP Number. |
351793203
| Item 3 | Reporting Person. |
If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), 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). | | |||
| | | | | | ||||||
| | | (d) | | ☐ | | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). | | |||
| | | | | | ||||||
| | | (e) | | ☒ | | An investment advisor in accordance with §240.13d-1(b)(1)(ii)(E). | | |||
| | | | | | ||||||
| | | (f) | | ☐ | | An employee benefit plan or endowment fund in accordance with §240.13d-1(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-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the
type of institution: ____. | | |||
| Item 4 | Ownership. |
The Reporting Persons no longer beneficially own any shares of Common Stock of the Issuer.
| 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 Persons have ceased to be the beneficial owners of more than five percent of the class of securities, check the following ☒.
| Item 6 | Ownership of More Than Five Percent on Behalf of Another Person. |
Inapplicable.
| Item 7 | Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company. |
Inapplicable.
| Item 8 | Identification and Classification of Members of the Group. |
Inapplicable.
| Item 9 | Notice of Dissolution of Group. |
Inapplicable.
| Item 10 | Certification. |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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.
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.
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.
Date: January 21, 2020
| | | |
| Prescott Group Capital Management, L.L.C. | ||
| | | |
| By: | | /s/ Phil Frohlich |
| | | PHIL FROHLICH, Managing Member |
| Prescott Group Aggressive Small Cap, L.P. | ||
| | | |
| By: | | Prescott Group Capital Management, L.L.C., its general partner |
| | | |
| By: | | /s/ Phil Frohlich |
| | | PHIL FROHLICH, Managing Member |
| Prescott Group Aggressive Small Cap II, L.P. | ||
| | | |
| By: | | Prescott Group Capital Management, L.L.C., its general partner |
| | | |
| By: | | /s/ Phil Frohlich |
| PHIL FROHLICH, Managing Member | ||
| Prescott Group Aggressive Small Cap Master Fund, G.P. | ||
| | | |
| By: | | Prescott Group Aggressive Small Cap, L.P., general partner |
| | | |
| By: | | Prescott Group Aggressive Small Cap II, L.P., general partner |
| | | |
| By: | Prescott Group Capital Management, L.L.C., general partner | |
| By: | /s/ Phil Frohlich | |
| PHIL FROHLICH, Managing Member | ||
| /s/ Phil Frohlich | ||
| Phil Frohlich | ||
EXHIBIT INDEX
| 99.1 | Joint Filing Agreement, dated as of January 21, 2020, by and among Prescott Group Capital Management, L.L.C., Prescott Group Aggressive Small Cap, L.P., Prescott Group Aggressive Small Cap II, L.P., Prescott Group Aggressive Small Cap
Master Fund, G.P. and Mr. Phil Frohlich. |
Exhibit 99.1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of this Schedule 13G (including additional amendments thereto) with respect to
the shares of Common Stock, par value $.01 per share, of Francesca’s Holdings Corporation. This Joint Filing Agreement shall be filed as an Exhibit to such Statement. The undersigned acknowledge that each shall be responsible for the timely filing of
any amendments to such joint filing and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the others.
Date: January 21, 2020
| Prescott Group Capital Management, L.L.C. | ||
| | | |
| By: | | /s/ Phil Frohlich |
| | | PHIL FROHLICH, Managing Member |
| Prescott Group Aggressive Small Cap, L.P. | ||
| | | |
| By: | | Prescott Group Capital Management, L.L.C., its general partner |
| | | |
| By: | | /s/ Phil Frohlich |
| | | PHIL FROHLICH, Managing Member |
| Prescott Group Aggressive Small Cap II, L.P. | ||
| | | |
| By: | | Prescott Group Capital Management, L.L.C., its general partner |
| | | |
| By: | | /s/ Phil Frohlich |
| PHIL FROHLICH, Managing Member | ||
| Prescott Group Aggressive Small Cap Master Fund, G.P. | ||
| | | |
| By: | | Prescott Group Aggressive Small Cap, L.P., general partner |
| | | |
| By: | | Prescott Group Aggressive Small Cap II, L.P., general partner |
| | | |
| By: | Prescott Group Capital Management, L.L.C., general partner | |
| By: | /s/ Phil Frohlich | |
| PHIL FROHLICH, Managing Member | ||
| /s/ Phil Frohlich | ||
| Phil Frohlich | ||