3600 Horizon Boulevard, Trevose, Pennsylvania 19053
| Item 2(a). | Name of Person Filing |
This Schedule 13G is being jointly filed by (1) The Mangrove Partners Master Fund, Ltd. (the “Master Fund”), (2) Mangrove Partners, and (3) Nathaniel August. Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.”
The shares of common stock of the Issuer which are the subject of this Schedule 13G (the “Shares”) are held by the Master Fund. Beneficial ownership of the Shares is also claimed by (i) Mangrove Partners which serves as the investment manager of the Master Fund, and (ii) Nathaniel August who is the principal of Mangrove Partners.
| Item 2(b). | Address of Principal Business Office or, if None, Residence: |
The principal business office of Nathaniel August is 645 Madison Avenue, 14th Floor, New York, New York 10022.
The principal business address of the Master Fund and Mangrove Partners is c/o Maples Corporate Services, Ltd., PO Box 309, Ugland House, South Church Street, George Town, Grand Cayman, Cayman Islands KY1-1104.
Each of the Master Fund and Mangrove Partners is organized as a limited liability exempted company under the laws of the Cayman Islands. Nathaniel August is a citizen of the United States.
| Item 2(d). | Title of Class of Securities: |
Common Stock, par value $0.01 per Share
86184W106
| 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: |
This Item 3 is not applicable.
| CUSIP No. 86184W106 | Page 6 of 9 Pages
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Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
| | |
| (a) | Amount Beneficially Owned: | 10,294,832
|
| (b) | Percent of Class: | 10.9% |
| (c) | Number of shares as to which such person has: |
| | (i) | sole power to vote or to direct the vote: | 0
|
| | (ii) | shared power to vote or to direct the vote: | 10,294,832 |
| | (iii) | sole power to dispose or to direct the disposition of: | 0 |
| | (iv) | shared power to dispose or to direct the disposition of: | 10,294,832 |
As the investment manager of the Master Fund, Mangrove Partners may be deemed the beneficial owner of the Shares owned by the Master Fund. Mr. August, as the principal of Mangrove Partners, may be deemed the beneficial owner of the Shares owned by the Master Fund
The filing of this Schedule 13G shall not be construed as an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any of the Shares reported herein. Each of the Reporting Persons specifically disclaims beneficial ownership of the Shares reported herein that are not directly owned by such Reporting Person.
The foregoing beneficial ownership percentage is based upon 94,447,356 Shares outstanding as of as of December 31, 2019, according to the information from the Issuer.
| Item 5. | Ownership of Five Percent or Less of a Class: |
This Item 5 is not applicable.
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person: |
This Item 6 is not applicable.
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person: |
This Item 7 is not applicable.
| Item 8. | Identification and Classification of Members of the Group: |
See disclosures in Item 2 and Exhibit A.
| Item 9. | Notice of Dissolution of Group: |
This Item 9 is not applicable.
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, other than activities solely in connection with a nomination under §240.14a-11.
