SC 13G/A: DIXIE GROUP INC
Ticker: DXYN · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 29332
Sentiment: neutral
Topics: sc-13g-a
AI Summary
SC 13G/A filing by DIXIE GROUP INC.
Risk Assessment
Risk Level: low
Filing Stats: 1,560 words · 6 min read · ~5 pages · Grade level 10.6 · Accepted 2024-02-13 16:39:00
Key Financial Figures
- $3 — Inc. (Name of Issuer) Common Stock, $3 Par Value (Title of Class of Securiti
Filing Documents
- dix213244sc13ga3.htm (SC 13G/A) — 64KB
- 0001214659-24-002476.txt ( ) — 65KB
(a)
Item 1(a). NAME OF ISSUER The name of the issuer is The Dixie Group, Inc. (the “Company”).
(b)
Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES The Company’s principal executive offices are located at 475 Reed Road, Dalton, Georgia 30720.
(a)
Item 2(a). NAME OF PERSON FILING This statement is filed by: (i) Tontine Capital Overseas Master Fund II, L.P. ("TCOM II"), a limited partnership organized under the laws of the State of Delaware, with respect to the 1,391,473 shares of Common Stock directly owned by TCOM II; (ii) Tontine Asset Associates, LLC, a limited liability company organized under the laws of the State of Delaware (“TAA”), which serves as general partner of TCOM II, with respect to the shares of Common Stock directly owned by TCOM II; and (iii) Jeffrey L. Gendell, a United States citizen ("Mr. Gendell"), who serves as the Managing Member of TAA, with respect to the 47,235 shares of Common Stock directly owned by him and the shares of Common Stock directly owned 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.
(b)
Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE The address of the business office of each of the Reporting Persons is 1 Sound Shore Drive, Suite 304, Greenwich, CT 06830-7251.
(c)
Item 2(c). CITIZENSHIP See Item 2(a) above.
(d)
Item 2(d). TITLE OF CLASS OF SECURITIES Common Stock, $3 Par Value (the “Common Stock”).
(e)
Item 2(e). CUSIP NUMBER 255519100 CUSIP No. 255519100 13G/A Page 6 of 9 Pages 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: (a) ¨ Broker or dealer registered under Section 15 of the Act; (b) ¨ Bank as defined in Section 3(a)(6) of the Act; (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act; (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940; (e) ¨ An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) ¨ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) ¨ A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; (i) ¨ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) ¨ A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) ¨ 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. 255519100 13G/A Page 7 of 9 Pages Item 4. A. Tontine Asset Associates, LLC (a) Amount beneficially owned: 1,391,473 (b) Percent of class: 9.65%. The percentages used herein and in the rest of this Schedule 13G/A are calculated based upon the 14,426,034 shares of Common Stock issued and outstanding as of November 3, 2023, as set forth in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023 filed with the Securities and Exchange Commission on November 13, 2023. (c) (i) Sole power to vote or direct the vote: -0- (ii) Shared power to vote or direct the vote: 1,391,473 (iii) Sole
SIGNATURES
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: February 13, 2024 /s/ Jeffrey L. Gendell 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.