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SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549 |
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SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Global Power Equipment Group Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
37941P306
(CUSIP Number)
October 3, 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:
o |
Rule 13d-1(b) |
x |
Rule 13d-1(c) |
o |
Rule 13d-1(d) |
(Page 1 of 7 Pages)
*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. 37941P306 |
13G/A |
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1 |
Name of Reporting Person | |||||
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2 |
Check the Appropriate Box if a Member of a Group | |||||
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(a) |
o | ||||
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(b) |
o | ||||
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3 |
SEC Use Only | |||||
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4 |
Citizenship or Place of Organization | |||||
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Number of |
5 |
Sole Voting Power | |||||
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6 |
Shared Voting Power | ||||||
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7 |
Sole Dispositive Power | ||||||
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8 |
Shared Dispositive Power | ||||||
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9 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
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10 |
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o | |||||
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11 |
Percent of Class Represented by Amount in Row (9) | |||||
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12 |
Type of Reporting Person | |||||
CUSIP No. 37941P306 |
13G/A |
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1 |
Name of Reporting Person | |||||
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2 |
Check the Appropriate Box if a Member of a Group | |||||
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(a) |
o | ||||
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(b) |
o | ||||
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3 |
SEC Use Only | |||||
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4 |
Citizenship or Place of Organization | |||||
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Number of |
5 |
Sole Voting Power | |||||
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6 |
Shared Voting Power | ||||||
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7 |
Sole Dispositive Power | ||||||
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8 |
Shared Dispositive Power | ||||||
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9 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
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10 |
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o | |||||
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11 |
Percent of Class Represented by Amount in Row (9) | |||||
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12 |
Type of Reporting Person | |||||
CUSIP No. 37941P306 |
13G/A |
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Item 1(a). |
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Name of Issuer | ||
Item 1(b). |
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Address of Issuers Principal Executive Offices | ||
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Item 2(a). |
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Name of Person Filing This statement is filed by:
(i) Tontine Asset Associates, LLC, a limited liability company organized under the laws of the State of Delaware (TAA), which serves as general partner of Tontine Capital Overseas Master Fund II, L.P. (TCOM II), with respect to the shares of Common Stock directly owned by TCOM II; and (ii) Jeffrey L. Gendell, a United States citizen (Mr. Gendell), with respect to the shares of Common Stock owned directly by TCOM II.
The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons. Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. | ||
Item 2(b). |
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Address of Principal Business Office or, if none, Residence | ||
Item 2(c). |
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Citizenship | ||
Item 2(d). |
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Title of Class of Securities | ||
Item 2(e). |
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CUSIP Number | ||
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Item 3. |
If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: | |||
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(a) |
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Broker or dealer registered under Section 15 of the Act; | |
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(b) |
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Bank as defined in Section 3(a)(6) of the Act; | |
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(c) |
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Insurance company as defined in Section 3(a)(19) of the Act; | |
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(d) |
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Investment company registered under Section 8 of the Investment Company Act of 1940; | |
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(e) |
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An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); | |
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(f) |
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An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); | |
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(g) |
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A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); | |
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(h) |
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A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; | |
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(i) |
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A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; | |
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(j) |
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A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); | |
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(k) |
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Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:____________________________ Not applicable. | |
CUSIP No. 37941P306 |
13G/A |
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Item 4. |
Ownership | ||
A. |
Tontine Asset Associates, LLC | ||
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(a) |
Amount beneficially owned: 2,145,882 | |
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(b) |
Percent of class: 12.07%. The percentages used herein and in the rest of Item 4 are calculated based upon the 17,778,885 shares of Common Stock issued and outstanding as of September 5, 2017, as set forth in the Companys Form 10-K for the annual period ended December 31, 2016 filed on September 12, 2017. | |
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(c) |
(i) |
Sole power to vote or direct the vote: -0- |
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(ii) |
Shared power to vote or direct the vote: 2,145,882 |
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(iii) |
Sole power to dispose or direct the disposition: -0- |
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(iv) |
Shared power to dispose or direct the disposition of: 2,145,882 |
B. |
Jeffrey L. Gendell | ||
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(a) |
Amount beneficially owned: 2,145,882 | |
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(b) |
Percent of class: 12.07% | |
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(c) |
(i) |
Sole power to vote or direct the vote: -0- |
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(ii) |
Shared power to vote or direct the vote: 2,145,882 |
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(iii) |
Sole power to dispose or direct the disposition: -0- |
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(iv) |
Shared power to dispose or direct the disposition: 2,145,882 |
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Item 5. |
Ownership of Five Percent or Less of a Class | ||
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Not applicable. | ||
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Item 6. |
Ownership of More than Five Percent on Behalf of Another Person | ||
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TAA, the general partner of TCOM II, has the power to direct the affairs of TCOM II, including directing the receipt of dividends from or the proceeds from the sale of such shares. Mr. Gendell is the Managing Member of TAA and in that capacity directs its operations. | ||
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Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person | ||
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Not applicable. | ||
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Item 8. |
Identification and Classification of Members of the Group | ||
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Not applicable. | ||
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Item 9. |
Notice of Dissolution of Group | ||
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Not applicable. |
CUSIP No. 37941P306 |
13G/A |
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Item 10. |
Certification |
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Each of the Reporting Persons hereby makes the following certification: By signing below each Reporting Person certifies that, to the best of his or its 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. |
SIGNATURES
After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
DATE: October 13, 2017
/s/ JEFFREY L. GENDELL |
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Jeffrey L. Gendell, individually, and as managing member of Tontine Asset Associates, LLC, for itself and as the general partner of Tontine Capital Overseas Master Fund II, L.P. |
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