Filing Details
- Accession Number:
- 0001023875-18-000009
- Form Type:
- 13G Filing
- Publication Date:
- 2018-02-05 12:19:38
- Filed By:
- Franklin Mutual Advisers Llc
- Company:
- Continental Materials Corp (NYSEMKT:CUO)
- Filing Date:
- 2018-02-05
- SEC Url:
- 13G Filing
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 |
|---|---|---|---|---|---|---|
| Franklin Advisory Services | 108,712 | 6.5% |
CUSIP NO. 211615307 13G Page 1 of 8
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
CONTINENTAL MATERIALS CORPORATION
(Name of Issuer)
Common Stock - $0.25 par value
(Title of Class of Securities)
211615307
(CUSIP Number)
December 31, 2017
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is
filed:
[X] 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 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. 211615307 13G Page 2 of 8
1. NAMES OF REPORTING PERSONS.
Franklin Advisory Services, LLC
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
(b) X
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
(See Item 4)
6. SHARED VOTING POWER
(See Item 4)
7. SOLE DISPOSITIVE POWER
(See Item 4)
8. SHARED DISPOSITIVE POWER
(See Item 4)
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
108,712
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.5%
12. TYPE OF REPORTING PERSON
IA, OO (See Item 4)
CUSIP NO. 211615307 13G Page 3 of 8
Item 1.
(a) Name of Issuer
CONTINENTAL MATERIALS CORPORATION
(b) Address of Issuer's Principal Executive Offices
440 South LaSalle Street, Suite 3100
Chicago, IL 60605
Item 2.
(a) Name of Person Filing
Franklin Advisory Services, LLC
(b) Address of Principal Business Office or, if none, Residence
55 Challenger Road, Suite 501
Ridgefield Park, NJ 07660
(c) Citizenship
Delaware
(d) Title of Class of Securities
Common Stock - $0.25 par value
(e) CUSIP Number
211615307
CUSIP NO. 211615307 13G Page 4 of 8
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. 8o).
(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) [X] 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‑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 associations 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)(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 securities reported herein are beneficially owned by one or more open‑end investment
companies or other managed accounts that are investment management clients of Franklin
Mutual Advisors, LLC ("FMA") and/or Franklin Advisory Services, LLC (“FAS”), each an
indirect wholly owned subsidiary of Franklin Resources, Inc. ("FRI"). When an investment
management contract (including a sub‑advisory agreement) delegates to FMA or FAS
investment discretion or voting power over the securities held in the investment advisory
accounts that are subject to that agreement, FRI treats FMA or FAS as having sole
investment discretion or voting authority, as the case may be, unless the agreement
specifies otherwise. Accordingly, each of FMA and FAS reports on Schedule 13G that it has
sole investment discretion and voting authority over the securities covered by any such
investment management agreement, unless otherwise noted in this Item 4. As a result for
purposes of Rule 13d‑3 under the Act, FMA and/or FAS may be deemed to be the beneficial
owner of the securities reported in this Schedule 13G.
Beneficial ownership by investment management subsidiaries and other affiliates of FRI
is being reported in conformity with the guidelines articulated by the SEC staff in
Release No. 34‑39538 (January 12, 1998) relating to organizations, such as FRI, where
related entities exercise voting and investment powers over the securities being
reported independently from each other. The voting and investment powers held by FMA and
FAS are exercised independently from FRI (FMA’s and FAS’s parent holding company) and from
all other investment management subsidiaries of FRI (FRI, its affiliates and investment
management subsidiaries other than FMA and FAS are, collectively, “FRI affiliates”).
Furthermore, internal policies and procedures of FMA, FAS and FRI establish informational
barriers that prevent the flow between FMA and FAS, on the one hand, and the FRI
affiliates, on the other hand, of information that relates to the voting and investment
powers over the securities owned by their respective investment management clients.
Consequently, FMA and FAS report the securities over which they hold investment and voting
power separately from the FRI affiliates for purposes of Section 13 of the Act.
CUSIP NO. 211615307 13G Page 5 of 8
Charles B. Johnson and Rupert H. Johnson, Jr. (the "Principal Shareholders") each own in
excess of 10% of the outstanding common stock of FRI and are the principal stockholders
of FRI. However, because FMA and FAS exercise voting and investment powers on behalf of
their investment management clients independently of FRI, beneficial ownership of the
securities reported by FMA and FAS is not attributed to the Principal Shareholders. Each
of FMA and FAS disclaims any pecuniary interest in any of the securities reported in this
Schedule 13G. In addition, the filing of this Schedule 13G on behalf of FMA and/or FAS
should not be construed as an admission that it is, and it disclaims that it is, the
beneficial owner, as defined in Rule 13d‑3, of any of such securities.
Furthermore, each of FMA and FAS believes that it is not a "group" with FRI, the Principal
Shareholders, or their respective affiliates within the meaning of Rule 13d‑5 under the
Act and that none of them is otherwise required to attribute to any other the
beneficial ownership of the securities held by such person or by any persons or
entities for whom or for which FMA or the FRI affiliates provide investment management
services.
(a) Amount beneficially owned:
108,712
(b) Percent of class:
6.5%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote
Franklin Advisory Services, LLC: 108,712
(ii) Shared power to vote or to direct the vote
0
(iii) Sole power to dispose or to direct the disposition of
Franklin Advisory Services, LLC: 108,712
(iv) Shared power to dispose or to direct the disposition of
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 [ ].
Item 6. Ownership of More than Five Percent on Behalf of Another Person
The clients of Franklin Advisory Services, LLC, including investment companies
registered under the Investment Company Act of 1940 and other managed accounts,
have the right to receive or power to direct the receipt of dividends from, and
the proceeds from the sale of, the securities reported herein.
Franklin MicroCap Value Fund, a series of Franklin Value Investors Trust, an
investment company registered under the Investment Company Act of 1940, has an
interest in 108,712 shares, or 6.5%, of the class of securities reported herein.
CUSIP NO. 211615307 13G Page 6 of 8
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
CUSIP NO. 211615307 13G Page 7 of 8
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.
Exhibits:
Exhibit A Joint Filing Agreement
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.
Dated: January 29, 2018.
Franklin Advisory Services, LLC
Franklin Value Investors Trust on behalf of
Franklin MicroCap Value Fund
By: /s/STEVEN J. GRAY
‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑
Steven J. Gray
Assistant Secretary of Franklin Advisory Services, LLC
Vice President and Secretary of Franklin Value Investors Trust
CUSIP NO. 211615307 13G Page 8 of 8
EXHIBIT A
JOINT FILING AGREEMENT
In accordance with Rule 13d‑1(k) under the Securities Exchange Act of 1934, as amended,
the undersigned hereby agree to the joint filing with each other of the attached
statement on Schedule 13G and to all amendments to such statement and that such
statement and all amendments to such statement are made on behalf of each of them.
IN WITNESS WHEREOF, the undersigned have executed this agreement on January 29, 2018.
Franklin Advisory Services, LLC
Franklin Value Investors Trust on behalf of
Franklin MicroCap Value Fund
By: /s/STEVEN J. GRAY
‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑
Steven J. Gray
Assistant Secretary of Franklin Advisory Services, LLC
Vice President and Secretary of Franklin Value Investors Trust