Filing Details

1

Names of Reporting Persons
Steven Tannenbaum

 

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
United States

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

 

5

Sole Voting Power
506,890

 

6

Shared Voting Power
0

 

7

Sole Dispositive Power
506,890

 

8

Shared Dispositive Power
0

 

9

Aggregate Amount Beneficially Owned by Each Reporting Person
506,890

 

10

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

 

11

Percent of Class Represented by Amount in Row (9)
15.9%¹

 

12

Type of Reporting Person (See Instructions)
IN, HC

 

(a)

Name of Issuer:
Telos Corporation

 

(b)

Address of the Issuer's Principal Executive Offices:
19886 Ashburn Road, Ashburn, Virginia

 

Item 2. 

(a)

Name of Person Filing:
This statement on Schedule 13G is being filed by Steven Tannenbaum. Mr. Tannenbaum is the President of Greenwood Investments, Inc. (the "General Partner"), which is the sole general partner of Greenwood Capital Limited Partnership ("Capital") and Shawkemo Hills LP ("Shawkemo"). Mr. Tannenbaum is the manager and sole member of ST Partners LLC ("ST Partners") (together with Capital and Shawkemo, the "Greenwood Entities"). Effective upon the death of Seth W. Hamot, the sole member and manager of Roark, Rearden & Hamot, LLC, which is the general partner of Costa Brava Partnership III L.P. ("Costa Brava"), Mr. Tannenbaum became the liquidator of Costa Brava.

 

(b)

Address of Principal Business Office:
Mr. Tannenbaum's principal business office with respect to the shares reported herein is 15 North Pasture Lane, Nantucket, MA 02554.

 

(c)

Citizenship:
Mr. Tannenbaum is a U.S. citizen.

 

(d)

 

(e)

CUSIP Number:
87969B200

 

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:

N/A

 

Item 4.

 

Ownership:

 

Item 4(b)

Percent of Class:

As of March 22, 2018, Mr. Tannenbaum may be deemed the beneficial owner of approximately 15.9% of the shares of the Public Preferred Stock outstanding. (Percentage calculated based on 3,185,586 shares of the Public Preferred Stock outstanding as of December 31, 2017, as reported in the Issuer's quarterly report on Form 10-Q, filed May 15, 2018.)

 

Item 4(c)

Number of Shares as to which such person has:

(i)

Sole power to vote or direct the vote:

 

506,890

(ii)

Shared power to vote or direct the vote:

 

0

(iii)

Sole power to dispose or direct the disposition of:

 

506,890

(iv)

Shared power to dispose or 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:

 

See disclosures in Items 2 and 4 herein. The Greenwood Entities and Costa Brava have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of the Public Preferred Stock covered by this statement that may be deemed to be beneficially owned by Mr. Tannenbaum. Such interest of Costa Brava relates to more than 5 percent of the shares of the Public Preferred Stock outstanding.

 

Item 7.

 

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

 

See disclosure in Item 2 herein.

Item 8.

 

Identification and Classification of Members of the Group:

 

N/A.

 

Item 9.

 

Notice of Dissolution of Group:

 

N/A.

 

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.