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SC 13D Filing
Unifi (UFI) SC 13DUnifi Inc
Filed: 14 Feb 20, 9:02am
Unifi, Inc. |
(Name of Issuer) |
Common Stock, par value $0.10 per share |
(Title of Class of Securities) |
904677200 |
(CUSIP Number) |
Thomas Sullivan Impala Asset Management LLC 107 Cherry St. New Canaan, CT 06840 203-972-4155 |
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
February 14, 2020 |
(Date of Event Which Requires Filing of this Statement) |
CUSIP No. 904677200 | SCHEDULE 13D |
1 | NAME OF REPORTING PERSON Impala Asset Management LLC | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☒ (b) ☐ | ||
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS (See Instructions) OO | ||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐ | ||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 0 | |
8 | SHARED VOTING POWER 1,621,740 | ||
9 | SOLE DISPOSITIVE POWER 0 | ||
10 | SHARED DISPOSITIVE POWER 1,621,740 | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,621,740 | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) ☐ | ||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.76%* | ||
14 | TYPE OF REPORTING PERSON (See Instructions) IA |
CUSIP No. 904677200 | SCHEDULE 13D |
CUSIP No. 904677200 | SCHEDULE 13D |
1 | NAME OF REPORTING PERSON Impala Asset Advisors LLC | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☒ (b) ☐ | ||
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS (See Instructions) OO | ||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐ | ||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 0 | |
8 | SHARED VOTING POWER 1,621,740 | ||
9 | SOLE DISPOSITIVE POWER 0 | ||
10 | SHARED DISPOSITIVE POWER 1,621,740 | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,621,740 | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) ☐ | ||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.76%* | ||
14 | TYPE OF REPORTING PERSON (See Instructions) OO |
CUSIP No. 904677200 | SCHEDULE 13D |
1 | NAME OF REPORTING PERSON Impala Master Fund Ltd. | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☒ (b) ☐ | ||
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS (See Instructions) WC | ||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐ | ||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 0 | |
8 | SHARED VOTING POWER 1,228,021 | ||
9 | SOLE DISPOSITIVE POWER 0 | ||
10 | SHARED DISPOSITIVE POWER 1,228,021 | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,228,021 | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) ☐ | ||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.64%* | ||
14 | TYPE OF REPORTING PERSON (See Instructions) CO |
CUSIP No. 904677200 | SCHEDULE 13D |
1 | NAME OF REPORTING PERSON Impala Alpha Master Fund Ltd. | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☒ (b) ☐ | ||
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS (See Instructions) WC | ||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐ | ||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 0 | |
8 | SHARED VOTING POWER 56,532 | ||
9 | SOLE DISPOSITIVE POWER 0 | ||
10 | SHARED DISPOSITIVE POWER 56,532 | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 56,532 | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) ☐ | ||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.31%* | ||
14 | TYPE OF REPORTING PERSON (See Instructions) CO |
CUSIP No. 904677200 | SCHEDULE 13D |
1 | NAME OF REPORTING PERSON Waterbuck Master Fund Ltd. | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☒ (b) ☐ | ||
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS (See Instructions) WC | ||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐ | ||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 0 | |
8 | SHARED VOTING POWER 113,667 | ||
9 | SOLE DISPOSITIVE POWER 0 | ||
10 | SHARED DISPOSITIVE POWER 113,667 | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 113,667 | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) ☐ | ||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.61%* | ||
14 | TYPE OF REPORTING PERSON (See Instructions) CO |
CUSIP No. 904677200 | SCHEDULE 13D |
1 | NAME OF REPORTING PERSON Impala Bluebuck LP | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☒ (b) ☐ | ||
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS (See Instructions) WC | ||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐ | ||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 0 | |
8 | SHARED VOTING POWER 223,520 | ||
9 | SOLE DISPOSITIVE POWER 0 | ||
10 | SHARED DISPOSITIVE POWER 223,520 | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 223,520 | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) ☐ | ||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.21%* | ||
14 | TYPE OF REPORTING PERSON (See Instructions) PN |
CUSIP No. 904677200 | SCHEDULE 13D |
1 | NAME OF REPORTING PERSON Robert J. Bishop | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) ☒ (b) ☐ | ||
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS (See Instructions) OO | ||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ☐ | ||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION United States | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 20,417* | |
8 | SHARED VOTING POWER 1,621,740 | ||
9 | SOLE DISPOSITIVE POWER 20,417* | ||
10 | SHARED DISPOSITIVE POWER 1,621,740 | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,642,157 | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) ☐ | ||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.87%** | ||
14 | TYPE OF REPORTING PERSON (See Instructions) IN |
CUSIP No. 904677200 | SCHEDULE 13D |
CUSIP No. 904677200 | SCHEDULE 13D |
(i) | Impala Asset Management has shared power to vote or direct the vote, and to dispose or direct the disposition of, the 1,621,740 shares of Common Stock it beneficially owns. Impala Asset Management does not have sole power to vote or direct the vote of, or dispose or direct the disposition of, any shares of Common Stock. |
(ii) | Impala Asset Advisors has shared power to vote or direct the vote, and to dispose or direct the disposition of, the 1,621,740 shares of Common Stock it beneficially owns. Impala Asset Advisors does not have sole power to vote or direct the vote of, or dispose or direct the disposition of, any shares of Common Stock. |
(iii) | Impala Master Fund has shared power to vote or direct the vote, and to dispose or direct the disposition of, the 1,228,021 shares of Common Stock it beneficially owns. Impala Master Fund does not have sole power to vote or direct the vote of, or dispose or direct the disposition of, any shares of Common Stock. |
(iv) | Impala Alpha Master Fund has shared power to vote or direct the vote, and to dispose or direct the disposition of, the 56,532 shares of Common Stock it beneficially owns. Impala Alpha Master Fund does not have sole power to vote or direct the vote of, or dispose or direct the disposition of, any shares of Common Stock. |
(v) | Waterbuck Master Fund has shared power to vote or direct the vote, and to dispose or direct the disposition of, the 113,667 shares of Common Stock it beneficially owns. Waterbuck Master Fund does not have sole power to vote or direct the vote of, or dispose or direct the disposition of, any shares of Common Stock. |
CUSIP No. 904677200 | SCHEDULE 13D |
(vi) | Impala Bluebuck has shared power to vote or direct the vote, and to dispose or direct the disposition of, the 223,520 shares of Common Stock it beneficially owns. Impala Bluebuck does not have sole power to vote or direct the vote of, or dispose or direct the disposition of, any shares of Common Stock. |
(vii) | Mr. Bishop has shared power to vote or direct the vote, and to dispose or direct the disposition of, the 1,621,740 shares of Common Stock he beneficially owns and sole power to vote or direct the vote, and to dispose or direct the disposition of 20,417 shares of Common Stock he beneficially owns. |
Exhibit 1 | Joint Filing Agreement, dated February 14, 2020, among the Reporting Persons. |
CUSIP No. 904677200 | SCHEDULE 13D |
IMPALA ASSET MANAGEMENT LLC | |||
By: Thomas Sullivan, CFO | |||
IMPALA ASSET ADVISORS LLC | |||
By: Thomas Sullivan, CFO | |||
IMPALA MASTER FUND LTD. | |||
/s/ Thomas Sullivan | |||
By: Thomas Sullivan, CFO | |||
IMPALA ALPHA MASTER FUND LTD. | |||
/s/ Thomas Sullivan | |||
By: Thomas Sullivan, CFO | |||
WATERBUCK MASTER FUND LTD. | |||
/s/ Thomas Sullivan | |||
By: Thomas Sullivan, CFO | |||
IMPALA BLUEBUCK LP | |||
By: Impala Asset Advisors LLC, its general partner | |||
/s/ Thomas Sullivan | |||
By: Thomas Sullivan, CFO | |||
ROBERT J. BISHOP | |||
/s/ Robert J. Bishop | |||
Name | Principal Occupation | Citizenship |
Robert J. Bishop | Chief Investment Officer | United States |
Tom Sullivan | Chief Financial Officer | United States |
Perri Brenner | Chief Operating Officer | United States |
Alfred Preci | Chief Technology Officer | United States |
Diana Stemm | Chief Compliance Officer | United States |
Bruce Levitt | Fund Manager | United States |
Richard Davidson | Retired CEO Union Pacific Corporation | United States |
Anita Rosenberg | Private Investor | United States |
Name | Principal Occupation | Citizenship |
Robert J. Bishop | Chief Investment Officer | United States |
Bruce Levitt | Fund Manager | United States |
Richard Davidson | Retired CEO Union Pacific Corporation | United States |
Anita Rosenberg | Private Investor | United States |
Name | Principal Occupation | Citizenship |
Robert J. Bishop | Chief Investment Officer | United States |
Bruce Levitt | Fund Manager | United States |
Richard Davidson | Retired CEO Union Pacific Corporation | United States |
Anita Rosenberg | Private Investor | United States |
Name | Principal Occupation | Citizenship |
Robert J. Bishop | Chief Investment Officer | United States |
Bruce Levitt | Fund Manager | United States |
Richard Davidson | Retired CEO Union Pacific Corporation | United States |
Anita Rosenberg | Private Investor | United States |
Name | Principal Occupation | Citizenship |
Robert J. Bishop | Chief Investment Officer | United States |
Bruce Levitt | Fund Manager | United States |
Richard Davidson | Retired CEO Union Pacific Corporation | United States |
Anita Rosenberg | Private Investor | United States |
IMPALA ASSET MANAGEMENT LLC | |||
/s/ Thomas Sullivan | |||
By: Thomas Sullivan, CFO | |||
IMPALA ASSET ADVISORS LLC | |||
/s/ Thomas Sullivan | |||
By: Thomas Sullivan, CFO | |||
IMPALA MASTER FUND LTD. | |||
/s/ Thomas Sullivan | |||
By: Thomas Sullivan, CFO | |||
IMPALA ALPHA MASTER FUND LTD. | |||
/s/ Thomas Sullivan | |||
By: Thomas Sullivan, CFO | |||
WATERBUCK MASTER FUND LTD. | |||
/s/ Thomas Sullivan | |||
By: Thomas Sullivan, CFO | |||
IMPALA BLUEBUCK LP | |||
By: Impala Asset Advisors LLC, its general partner | |||
/s/ Thomas Sullivan | |||
By: Thomas Sullivan, CFO | |||
ROBERT J. BISHOP | |||
/s/ Robert J. Bishop | |||