UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G
(Rule
13d-102)
INFORMATION
TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO
RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT
TO RULE 13d-2(b)
(Amendment
No. 4)1
Volt
Information Sciences, Inc.
|
(Name of Issuer)
|
Common
Stock, $.10 par value
|
(Title of Class of
Securities)
|
December
31, 2019
|
(Date of Event Which
Requires Filing of this Statement)
|
Check
the appropriate box to designate the rule pursuant to which this Schedule is filed:
|
1
|
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).
1
|
NAME
OF REPORTING PERSON
Glacier
Peak U.S. Value Fund, L.P.
|
2
|
CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP
|
(a) [ ]
(b) [ ]
|
3
|
SEC
USE ONLY
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Washington
|
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE
VOTING POWER
0
|
6
|
SHARED
VOTING POWER
1,927,798
|
7
|
SOLE
DISPOSITIVE POWER
0
|
8
|
SHARED
DISPOSITIVE POWER
1,927,798
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,927,798
|
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
[ ]
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.0%
|
12
|
TYPE
OF REPORTING PERSON
PN
|
|
|
|
|
1
|
NAME
OF REPORTING PERSON
Glacier
Peak Capital LLC
|
2
|
CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP
|
(a) [ ]
(b) [ ]
|
3
|
SEC
USE ONLY
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Washington
|
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE
VOTING POWER
0
|
6
|
SHARED
VOTING POWER
1,998,648
|
7
|
SOLE
DISPOSITIVE POWER
0
|
8
|
SHARED
DISPOSITIVE POWER
1,998,648
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,998,648
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
[ ]
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.3%
|
12
|
TYPE
OF REPORTING PERSON
OO
|
|
|
|
|
1
|
NAME
OF REPORTING PERSON
Fortis
Capital Management LLC
|
2
|
CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP
|
(a) [ ]
(b) [ ]
|
3
|
SEC
USE ONLY
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Washington
|
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE
VOTING POWER
0
|
6
|
SHARED
VOTING POWER
2,031,408
|
7
|
SOLE
DISPOSITIVE POWER
0
|
8
|
SHARED
DISPOSITIVE POWER
2,031,408
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,031,408
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
[ ]
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.5%
|
12
|
TYPE
OF REPORTING PERSON
IA
|
|
|
|
|
1
|
NAME
OF REPORTING PERSON
Fortis
Holdings LLC
|
2
|
CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP
|
(a) [ ]
(b) [ ]
|
3
|
SEC
USE ONLY
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
Washington
|
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE
VOTING POWER
0
|
6
|
SHARED
VOTING POWER
2,102,258
|
7
|
SOLE
DISPOSITIVE POWER
0
|
8
|
SHARED
DISPOSITIVE POWER
2,102,258
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,102,258
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
[ ]
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.8%
|
12
|
TYPE
OF REPORTING PERSON
HC
|
|
|
|
|
1
|
NAME
OF REPORTING PERSON
Mike
Boroughs
|
2
|
CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP
|
(a) [ ]
(b) [ ]
|
3
|
SEC
USE ONLY
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
USA
|
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE
VOTING POWER
0
|
6
|
SHARED
VOTING POWER
2,102,258
|
7
|
SOLE
DISPOSITIVE POWER
0
|
8
|
SHARED
DISPOSITIVE POWER
2,102,258
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,102,258
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
[ ]
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.8%
|
12
|
TYPE
OF REPORTING PERSON
IN
|
|
|
|
|
1
|
NAME
OF REPORTING PERSON
Paul
Misleh
|
2
|
CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP
|
(a) [ ]
(b) [ ]
|
3
|
SEC
USE ONLY
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
USA
|
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE
VOTING POWER
0
|
6
|
SHARED
VOTING POWER
2,102,258
|
7
|
SOLE
DISPOSITIVE POWER
0
|
8
|
SHARED
DISPOSITIVE POWER
2,102,258
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,102,258
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
[ ]
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.8%
|
12
|
TYPE
OF REPORTING PERSON
IN
|
|
|
|
|
1
|
NAME
OF REPORTING PERSON
James
Rudolf
|
2
|
CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP
|
(a) [ ]
(b) [ ]
|
3
|
SEC
USE ONLY
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
USA
|
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE
VOTING POWER
0
|
6
|
SHARED
VOTING POWER
2,102,258
|
7
|
SOLE
DISPOSITIVE POWER
0
|
8
|
SHARED
DISPOSITIVE POWER
2,102,258
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,102,258
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
[ ]
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.8%
|
12
|
TYPE
OF REPORTING PERSON
IN
|
|
|
|
|
Item 1(a).
|
Name of Issuer:
|
|
|
|
Volt Information Sciences, Inc., a New
York corporation (the “Issuer”).
|
|
|
Item 1(b).
|
Address of Issuer’s
Principal Executive Offices:
|
|
|
|
50 Charles Lindbergh Boulevard, Uniondale,
NY 11553
|
|
|
Item 2(a).
|
Name of Person Filing
|
|
|
|
This Schedule 13G is
being jointly filed by:
|
|
|
|
Glacier
Peak Capital LLC (“GPC”), a Washington limited liability company, Glacier Peak U.S. Value Fund, L.P. (the “Fund”),
a Washington limited partnership, Fortis Capital Management LLC (“FCM”), a Washington limited liability company,
Fortis Holdings LLC (“Fortis Holdings”), a Washington limited liability company, Mike Boroughs, a citizen of the
United States of America, Paul Misleh, a citizen of the United States of America and James Rudolf, a citizen of the United
States of America. Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting
Persons.”
|
|
|
|
GPC,
as the investment manager of certain managed accounts (the “Managed Accounts”), may be deemed to beneficially
own the securities beneficially owned by the Managed Accounts and as the general partner of the Fund, may be deemed to beneficially
own the securities beneficially owned by the Fund. In addition to the securities it beneficially owns directly, FCM, as the
investment advisor to the Fund, may also be deemed to beneficially own the securities beneficially owned by the Fund. Each
of GPC and FCM are directly owned by Fortis Holdings and therefore Fortis Holdings may be deemed to beneficially own the securities
beneficially owned by GPC and FCM. Messrs. Boroughs, Misleh and Rudolf, as Managing Partners of both GPC and FCM, may be deemed
to share voting and dispositive power over the securities beneficially owned by GPC and FCM.
|
|
|
Item 2(b).
|
Address of Principal
Business Office or, if None, Residence
|
|
|
|
The principal business
office of each of the Reporting Persons is 1300 114th Ave SE, Ste 220 Bellevue,
WA 98004.
|
|
|
Item 2(c).
|
Citizenship
|
|
|
|
Each of GPC, the
Fund, FCM and Fortis Holdings is organized under the laws of Washington. Messrs. Boroughs, Misleh and Rudolf are citizens
of the United States of America.
|
|
|
Item 2(d).
|
Title of Class of
Securities:
|
|
|
|
Common Stock, $.10 par value (the “Shares”)
|
|
|
Item 2(e).
|
CUSIP Number:
|
|
|
|
928703107
|
Item 3.
|
If This Statement
Is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing Is a:
|
|
|
[ ]
|
Not applicable.
|
|
|
|
|
|
(a)
|
[ ]
|
Broker or dealer registered under Section
15 of the Exchange Act.
|
|
|
|
|
|
(b)
|
[ ]
|
Bank as defined in Section 3(a)(6) of
the Exchange Act.
|
|
|
|
|
|
(c)
|
[ ]
|
Insurance company as defined in Section
3(a)(19) of the Exchange Act.
|
|
|
|
|
|
(d)
|
[ ]
|
Investment company registered under Section
8 of the Investment Company Act.
|
|
|
|
|
|
(e)
|
[X]
|
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)
|
[ ]
|
Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
|
|
|
|
|
|
(k)
|
[ ]
|
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
____
|
All
ownership information reported in this Item 4 is as of the close of business on December 31, 2019:
The
Fund
|
(a)
|
Amount
beneficially owned:
|
The
Fund beneficially owns directly 1,927,798.
9.0%
(based upon 21,408,659 Shares outstanding, which is the total number of Shares outstanding as of January 10, 2020 as reported
in the Issuer’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on January 16, 2020).
|
(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
|
1,927,798
|
(iii)
|
Sole
power to dispose or to direct the disposition of
|
0
|
(iv)
|
Shared
power to dispose or to direct the disposition of
|
1,927,798
GPC
|
(a)
|
Amount
beneficially owned:
|
GPC,
as the investment manager for the Managed Accounts, may be deemed to beneficially own the 70,850 Shares held in the Managed Accounts
and as the general partner of the Fund, may be deemed the beneficial owner of the 1,927,798 Shares that may be deemed to be beneficially
owned by the Fund.
9.3%
(based upon 21,408,659 Shares outstanding, which is the total number of Shares outstanding as of January 10, 2020 as reported
in the Issuer’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on January 16, 2020).
|
(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
|
1,998,648
|
(iii)
|
Sole
power to dispose or to direct the disposition of
|
0
|
(iv)
|
Shared
power to dispose or to direct the disposition of
|
1,998,648
FCM
|
(a)
|
Amount
beneficially owned:
|
FCM
directly beneficially owns 103,610 Shares and as the investment advisor to the Fund, may be deemed the beneficial owner of the
1,927,798 Shares that may be deemed to be beneficially owned by the Fund.
9.5%
(based upon 21,408,659 Shares outstanding, which is the total number of Shares outstanding as of January 10, 2020 as reported
in the Issuer’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on January 16, 2020).
|
(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
|
2,031,408
|
(iii)
|
Sole
power to dispose or to direct the disposition of
|
0
|
(iv)
|
Shared
power to dispose or to direct the disposition of
|
2,031,408
Fortis
Holdings
|
(a)
|
Amount
beneficially owned:
|
Fortis Holdings, as the owner of
each of GPC and FCM, may be deemed the beneficial owner of the (i) 70,850 Shares held in the Managed Accounts, (ii) 1,927,798
Shares that may be deemed to be beneficially owned by the Fund and (iii) the 103,610 Shares that may be deemed to be beneficially
owned by FCM.
9.8%
(based upon 21,408,659 Shares outstanding, which is the total number of Shares outstanding as of January 10, 2020 as reported
in the Issuer’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on January 16, 2020).
|
(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
|
2,102,258
|
(iii)
|
Sole
power to dispose or to direct the disposition of
|
0
|
(iv)
|
Shared
power to dispose or to direct the disposition of
|
2,102,258
Mr.
Boroughs
|
(a)
|
Amount
beneficially owned:
|
Mr. Boroughs, as a Managing Partner
of GPC and FCM, may be deemed the beneficial owner of the (i) 70,850 Shares held in the Managed Accounts, (ii) 1,927,798 Shares
that may be deemed to be beneficially owned by the Fund and (iii) the 103,610 Shares that may be deemed to be beneficially owned
by FCM.
9.8%
(based upon 21,408,659 Shares outstanding, which is the total number of Shares outstanding as of January 10, 2020 as reported
in the Issuer’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on January 16, 2020).
|
(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
|
2,102,258
|
(iii)
|
Sole
power to dispose or to direct the disposition of
|
0
|
(iv)
|
Shared
power to dispose or to direct the disposition of
|
2,102,258
Mr.
Misleh
|
(a)
|
Amount
beneficially owned:
|
Mr. Misleh, as a Managing Partner
of GPC and FCM, may be deemed the beneficial owner of the (i) 70,850 Shares held in the Managed Accounts, (ii) 1,927,798 Shares
that may be deemed to be beneficially owned by the Fund and (iii) the 103,610 Shares that may be deemed to be beneficially owned
by FCM.
9.8%
(based upon 21,408,659 Shares outstanding, which is the total number of Shares outstanding as of January 10, 2020 as reported
in the Issuer’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on January 16, 2020).
|
(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
|
2,102,258
|
(iii)
|
Sole
power to dispose or to direct the disposition of
|
0
|
(iv)
|
Shared
power to dispose or to direct the disposition of
|
2,102,258
Mr.
Rudolf
|
(a)
|
Amount
beneficially owned:
|
Mr.
Rudolf, as a Managing Partner of GPC and FCM, may be deemed the beneficial owner of the (i) 70,850 Shares held in the Managed
Accounts, (ii) 1,927,798 Shares that may be deemed to be beneficially owned by the Fund and (iii) the 103,610 Shares that may
be deemed to be beneficially owned by FCM.
9.8%
(based upon 21,408,659 Shares outstanding, which is the total number of Shares outstanding as of January 10, 2020 as reported
in the Issuer’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on January 16, 2020).
|
(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
|
2,102,258
|
(iii)
|
Sole
power to dispose or to direct the disposition of
|
0
|
(iv)
|
Shared
power to dispose or to direct the disposition of
|
2,102,258
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.
Item 5.
|
Ownership of Five
Percent or Less of a Class.
|
|
|
|
Not applicable
|
|
|
Item 6.
|
Ownership of More
than Five Percent on Behalf of Another Person.
|
|
|
|
All of the Shares
set forth in Item 4 are owned by entities, client accounts or affiliate accounts managed and controlled by Fortis Holdings.
Fortis Holdings controls all voting and dispositive power of the Shares reported herein, which are beneficially owned directly
by the Fund, GPC and FCM. GPC, as the general partner of the Fund, may be deemed to share voting and dispositive power of
the Shares reported owned herein by the Fund. Each of GPC and FCM are directly owned by Fortis Holdings and therefore Fortis
Holdings is deemed to beneficially own the reported shares.
|
|
|
|
Messrs. Boroughs,
Misleh and Rudolf, as Managing Partners of GPC and FCM, may be deemed to share voting and dispositive power over the reported
shares.
|
|
|
Item 7.
|
Identification and
Classification of the Subsidiary That Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
|
|
|
|
Not applicable
|
|
|
Item 8.
|
Identification and
Classification of Members of the Group.
|
|
|
|
See Exhibit 99.1
|
|
|
Item 9.
|
Notice of Dissolution
of Group.
|
|
|
|
Not applicable
|
|
|
Item 10.
|
Certifications.
|
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.
SIGNATURE
After
reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated:
February 13, 2020
|
Glacier Peak U.S. Value Fund, L.P.
|
|
|
|
|
|
By:
|
Glacier Peak Capital LLC
|
|
|
|
|
|
By:
|
/s/ Mike Boroughs
|
|
|
|
Name:
|
Mike Boroughs
|
|
|
|
Title:
|
Chief Compliance Officer
|
|
|
Glacier Peak Capital LLC
|
|
|
|
|
|
By:
|
/s/ Mike Boroughs
|
|
|
|
Name:
|
Mike Boroughs
|
|
|
|
Title:
|
Chief Compliance Officer
|
|
|
Fortis Capital Management LLC
|
|
|
|
|
|
By:
|
Fortis Holdings LLC
|
|
|
|
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By:
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/s/ Mike Boroughs
|
|
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Name:
|
Mike Boroughs
|
|
|
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Title:
|
Authorized Signatory
|
|
|
Fortis Holdings LLC
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|
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By:
|
/s/ Mike Boroughs
|
|
|
|
Name:
|
Mike Boroughs
|
|
|
|
Title:
|
Authorized Signatory
|
|
|
/s/ Mike Boroughs
|
|
|
Mike Boroughs
|
|
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/s/
Paul Misleh
|
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Paul Misleh
|
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/s/
James Rudolf
|
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James Rudolf
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