Filing Details

Accession Number:
0001062993-20-004138
Form Type:
13G Filing
Publication Date:
2020-08-21 18:54:58
Filed By:
Osmium Partners
Company:
Kirkland's Inc (NASDAQ:KIRK)
Filing Date:
2020-08-24
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
John H. Lewis 1,017,042 1,122,573 8.0%
Osmium Partners 1,017,042 1,017,042 7.3%
Osmium Capital 532,010 532,010 3.8%
Osmium Capital II 234,810 234,810 1.7%
Osmium Spartan 250,222 250,222 1.8%
Filing


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. )*

KIRKLAND'S, INC.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

497498105
(CUSIP Number)

June 19, 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)

[X] Rule13d-1(c)

[   ] Rule 13d-1(d)

*

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 the disclosures provided in a prior cover page.

The information required in 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).

CUSIP No. 497498105

1.

Names of Reporting Persons.

John H. Lewis

2.

Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ] (b) [X]

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization

 

United States

 

5.

Sole Voting Power

Number of

 

105,531

Shares

6.

Shared Voting Power

Beneficially

 

1,017,042

Each

7.

Sole Dispositive Power

Reporting

 

105,531

With:

8.

Shared Dispositive Power

 

 

1,017,042

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,122,573

10.

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

[ ]

11.

Percent of Class Represented by Amount in Row (9)

 

8.0%

12.

Type of Reporting Person (See Instructions)

 

IN


CUSIP No. 497498105

1.

Names of Reporting Persons.

Osmium Partners, LLC

2.

Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ] (b) [X]

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization

 

Delaware

 

5.

Sole Voting Power

Number of

 

0

Shares

6.

Shared Voting Power

Beneficially

 

1,017,042

Each

7.

Sole Dispositive Power

Reporting

 

0

With:

8.

Shared Dispositive Power

 

 

1,017,042

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,017,042

10.

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

[ ]

11.

Percent of Class Represented by Amount in Row (9)

 

7.3%

12.

Type of Reporting Person (See Instructions)

 

IA, OO


CUSIP No. 497498105

1.

Names of Reporting Persons.

Osmium Capital, LP

2.

Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ] (b) [X]

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization

 

Delaware

 

5.

Sole Voting Power

Number of

 

0

Shares

6.

Shared Voting Power

Beneficially

 

532,010

Each

7.

Sole Dispositive Power

Reporting .

 

0

With:

8.

Shared Dispositive Power

 

 

532,010

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

532,010

10.

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

[ ]

11.

Percent of Class Represented by Amount in Row (9)

 

3.8%

12.

Type of Reporting Person (See Instructions)

 

PN


CUSIP No. 497498105

1.

Names of Reporting Persons.

Osmium Capital II, LP

2.

Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ] (b) [X]

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization

 

Delaware

 

5.

Sole Voting Power

Number of

 

0

Shares

6.

Shared Voting Power

Beneficially

 

234,810

Each

7.

Sole Dispositive Power

Reporting

 

0

With:

8.

Shared Dispositive Power

 

 

234,810

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

234,810

10.

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

[ ]

11.

Percent of Class Represented by Amount in Row (9)

 

1.7%

12.

Type of Reporting Person (See Instructions)

 

PN


CUSIP No. 497498105

1.

Names of Reporting Persons.

Osmium Spartan, LP

2.

Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ] (b) [X]

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization

 

Delaware

 

5.

Sole Voting Power

Number of

 

0

Shares

6.

Shared Voting Power

Beneficially

 

250,222

Each

7.

Sole Dispositive Power

Reporting

 

0

With:

8.

Shared Dispositive Power

 

 

250,222

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

250,222

10.

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

[ ]

11.

Percent of Class Represented by Amount in Row (9)

 

1.8%

12.

Type of Reporting Person (See Instructions)

 

PN


Item 1.

(a)

The name of the issuer is Kirkland's, Inc. (the "Issuer").

 

 

(b)

The principal executive office of the Issuer is located at 5310 Maryland Way, Brentwood, TN 37027.

Item 2.

(a)

This statement (this "Statement") is being filed by John H. Lewis, the controlling member of Osmium Partners, LLC, a Delaware limited liability company ("Osmium Partners"), which serves as the general partner of Osmium Capital, LP, a Delaware limited partnership (the "Fund"), Osmium Capital II, LP, a Delaware limited partnership ("Fund II"), and Osmium Spartan, LP, a Delaware limited partnership ("Fund III") (all of the foregoing, collectively, the "Filers"). The Fund, Fund II and Fund III are private investment vehicles formed for the purpose of investing and trading in a wide variety of securities and financial instruments. The Fund, Fund II and Fund III directly own the common shares reported in this Statement (other than the 105,531 shares owned directly by Mr. Lewis). Mr. Lewis and Osmium Partners may be deemed to share with the Fund, Fund II and Fund III (and not with any third party) voting and dispositive power with respect to such shares. Each Filer disclaims beneficial ownership with respect to any shares other than the shares owned directly by such Filer.

 

 

(b)

The Principal Business Office of the Filers is 300 Drakes Landing Road, Suite 172, Greenbrae, CA 94904.

 

 

(c)

For citizenship information see Item 4 of the cover sheet of each Filer.

 

 

(d)

This Statement relates to the Common Stock of the Issuer.

 

 

(e)

The CUSIP Number of the Common Stock of the Issuer is 497498105.

Item 3.

Not applicable.

Item 4. Ownership

See Items 5-9 and 11 on the cover page for each Filer, and Item 2. The percentage ownership of each Filer is based on 14,014,503 shares of Common Stock outstanding as of May 29, 2020, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended May 2, 2020 as filed with the SEC on June 4, 2020.

Item 5. Ownership of Five Percent or Less of a Class

Not applicable.

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.

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. Certification

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, the undersigned certify that the information set forth in this statement is true, complete and correct.

Dated: August 21, 2020

 

John H. Lewis

Osmium Partners, LLC

Osmium Capital, LP

Osmium Capital II, LP

Osmium Spartan, LP

 

By: /s/ John H. Lewis

John H. Lewis, for himself and as

Managing Member of Osmium

Partners, LLC, for itself and as

General Partner of Osmium

Capital, LP, Osmium Capital II,

LP and Osmium Spartan, LP


Exhibit 1

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) 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 a statement on Schedule 13G (including amendments thereto) with respect to the Common Stock of Kirkland's, Inc., and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filing. In evidence thereof, the undersigned hereby execute this Agreement.

Dated: August 21, 2020

 

 

 

 

 

John H. Lewis

 

Osmium Partners, LLC

 

Osmium Capital, LP

 

Osmium Capital II, LP

 

Osmium Spartan, LP

 

 

 

 

By:

 

/s/ John H. Lewis

 

John H. Lewis, for himself and as

Managing Member of Osmium Partners,

LLC, for itself and as General Partner of

Osmium Capital, LP, Osmium Capital II, LP and Osmium Spartan, LP