UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

 

(AMENDMENT NO. _)*

  

U.S. Concrete, Inc.

(Name of issuer)

  

Common Stock, $0.001 par value

(Title of class of securities)

  

90333L201

(CUSIP number)

  

February 27, 2015--This Schedule 13G is filed pursuant to Rule 13d-1(h) and constitutes

an amendment to our previously filed Schedule 13D pursuant to Rule 13d-2(a)

(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)

 

* 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 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).

 

Page 1 of 10 pages
 

 

CUSIP No. 90333L201  13G  Page 2 of 10 Pages

 

1

NAME OF REPORTING PERSON:

Whippoorwill Associates, Inc.

   
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)*

(a) ¨

(b) ¨

   
3 SEC USE ONLY
   
   
4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

   
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5

SOLE VOTING POWER

 0

6

SHARED VOTING POWER

1,390,445 (see Item 4(c))

7

SOLE DISPOSITIVE POWER

 0

8

SHARED DISPOSITIVE POWER

1,390,445 (see Item 4(c))

   
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,390,445 (see Item 4(a))

   
10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

o (See Instructions)

   
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

9.9%* (see Item 4(b))

   
12

TYPE OF REPORTING PERSON  (See Instructions)

CO; IA

       

* Based on 13,979,794 Common Shares outstanding as of November 5, 2014 reported in the Form 10-Q filed by U.S. Concrete with the Securities and Exchange Commission on November 6, 2014.

 

 
 

 

CUSIP No. 90333L201  13G  Page 3 of 10 Pages

 

1

NAME OF REPORTING PERSON

Shelley F. Greenhaus

   
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)*

(a) o

(b) ¨

   
3 SEC USE ONLY
   
   
4

CITIZENSHIP OR PLACE OF ORGANIZATION

United States

   
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5

SOLE VOTING POWER

 0

6

SHARED VOTING POWER

1,390,445 (see Item 4(c))

7

SOLE DISPOSITIVE POWER

 0

8

SHARED DISPOSITIVE POWER

1,390,445 (see Item 4(c))

   
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,390,445 (see Item 4(a))

   
10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

o (See Instructions)

   
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

9.9%* (see Item 4(b))

   
12

TYPE OF REPORTING PERSON  (See Instructions)

IN; HC

       

* Based on 13,979,794 Common Shares outstanding as of November 5, 2014 reported in the Form 10-Q filed by U.S. Concrete with the Securities and Exchange Commission on November 6, 2014.

 

 
 

 

CUSIP No. 90333 L201  13G  Page 4 of 10 Pages

 

1

NAME OF REPORTING PERSON

Steven K. Gendal

   
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)*

(a) o

(b) ¨

   
3 SEC USE ONLY
   
   
4

CITIZENSHIP OR PLACE OF ORGANIZATION

United States

   
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
5

SOLE VOTING POWER

 0

6

SHARED VOTING POWER

1,390,445 (see Item 4(c))

7

SOLE DISPOSITIVE POWER

 0

8

SHARED DISPOSITIVE POWER

1,390,445 (see Item 4(c))

   
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,390,445 (see Item 4(a))

   
10

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

o (See Instructions)

   
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

9.9%* (see Item 4(b))

   
12

TYPE OF REPORTING PERSON  (See Instructions)

IN; HC

       

* Based on 13,979,794 Common Shares outstanding as of November 5, 2014 reported in the Form 10-Q filed by U.S. Concrete with the Securities and Exchange Commission on November 6, 2014.

 

 
 

 

CUSIP No. 90333 L201  13G  Page 5 of 10 Pages

 

This statement on Schedule 13G (this "Statement") is being filed by Whippoorwill Associates, Inc. ("Whippoorwill"), Shelley F. Greenhaus and Steven K. Gendal, and relates to the shares of common stock, par value $0.001 per share ("Common Shares") of U.S. Concrete, Inc. ("U.S. Concrete"), a Delaware corporation.

 

 Item 1 (a) Name of Issuer:  
    U.S. Concrete, Inc.  
       
  (b) Address Of Issuer's Principal Executive Offices:  
    331 N. Main Street  
    Euless, Texas 76039  
       
 Item 2 (a) Name of Person Filing:  
    Whippoorwill Associates, Inc.  
    Shelley F. Greenhaus, as President and Principal of Whippoorwill  
    Steve K. Gendal, as Principal of Whippoorwill  
       
  (b) Address of Principal Business Office, or, if none, Residence:  
   

The principal business address of Whippoorwill is 11 Martine Avenue, White Plains, New York 10606.

 

The principal business address of Messrs. Greenhaus and Gendal is c/o Whippoorwill Associates, Inc., 11 Martine Avenue, White Plains, New York 10606

 
       
  (c) Citizenship:  
    Whippoorwill – Delaware  
    Mr. Greenhaus – United States  
    Mr. Gendal – United States  
       
  (d) Title of Class of Securities:  
    Common Stock, par value $0.001 per share  
       
  (e) CUSIP Number:  
    90333L201  
       
 
 

 

CUSIP No. 90333 L201  13G  Page 6 of 10 Pages

 

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:  
       
  (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).  
  (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).  
  (c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).  
  (d) o Investment company registered under section 8 of the Investment Company Act (15 U.S.C. 80a-8).  
  (e) o An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).  
  (f) o An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(ii)(F).  
  (g) o A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).  
  (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).  
  (i)

o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the

        Investment Company Act of 1940 (15 U.S.C. 80a-3);

 
  (j) o A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);  
  (k) o Group in accordance with §240.13d-1(b)(ii)(K).  

 

If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Not applicable.

 

 
 

 


CUSIP No. 90333 L201
 13G  Page 7 of 10 Pages

 

Item 4 Ownership

 

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:
 

As of March 2, 2015, Whippoorwill may be deemed to be the beneficial owner of an aggregate of 1,390,445 Common Shares, representing 9.9% of the Common Shares.

 

The Common Shares disclosed herein as beneficially owned by Whippoorwill are held for the account of various funds and third party accounts for which Whippoorwill has discretionary authority and acts as general partner or investment manager.

 

As of March 2, 2015, Messrs. Greenhaus and Gendal may each be deemed the beneficial owner of 1,390,445 Common Shares deemed to be beneficially owned by Whippoorwill, as described above. Mr. Greenhaus is the President and a Principal of Whippoorwill. Mr. Gendal is a Principal of Whippoorwill.

 

  (b) Percent of class:
  9.9% (based on 13,979,794 Common Shares outstanding as of November 5, 2014, as reported in the Quarterly Report on Form 10-Q filed by U.S. Concrete with the Securities and Exchange Commission on November 6, 2014).

 

  (c) Number of shares as to which the person has:

 

  (i) Sole power to vote or to direct the vote
  0

 

  (ii) Shared power to vote or to direct the vote
  1,390,445 (see Item 4(a))

 

  (iii) Sole power to dispose or to direct the disposition of
  0

 

  (iv) Shared power to dispose or to direct the disposition of
  1,390,445 (see Item 4(a))

 

 
 

 

CUSIP No. 90333 L201  13G  Page 8 of 10 Pages

 

Item 5 Ownership of Five Percent or Less of a Class

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following o.

  

Item 6  Ownership of More Than Five Percent on Behalf Of Another Person

  

Clients of Whippoorwill have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Shares reported as beneficially owned by Whippoorwill and Messrs. Greenhaus and Gendal. None of the client accounts, limited partnerships or funds over which Whippoorwill, Mr. Greenhaus or Mr. Gendal have discretionary authority holds more than 5% of the Common Shares.

 

Item 7  Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

 

See Item 4(a) regarding Messrs. Greenhaus and Gendal.

 

Item 8 Identification and Classification of Members of the Group

 

  Not applicable.

 

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 acquired and are held in the ordinary course of business and 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.

 

 
 

 

CUSIP No. 90333 L201  13G  Page 9 of 10 Pages

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify as of March 2, 2015 that the information set forth in this statement is true, complete and correct.

 

 

 WHIPPOORWILL ASSOCIATES, INC.

   
 By: /s/  Shelley F. Greenhaus
 Name: Shelley F. Greenhaus
 Title: President
   

 

 Shelley F. Greenhaus

   
 By: /s/  Shelley F. Greenhaus
 Name: Shelley F. Greenhaus
   

 

Steven K. Gendal

   
 By: /s/  Steven K. Gendal
 Name: Steven K. Gendal

 

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative.  If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

 

NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties for whom copies are to be sent.

 

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

  

 
 

 

CUSIP No. 90333 L201  13G  Page 10 of 10 Pages

 

EXHIBIT A

  

SCHEDULE 13G JOINT FILING AGREEMENT

 

The undersigned and each other person executing this joint filing agreement (this "Agreement") agree as follows:

 

(i) The undersigned and each other person executing this Agreement are individually eligible to use the Schedule 13G to which this Exhibit is attached and such Schedule 13G is filed on behalf of the undersigned and each other person executing this Agreement; and

 

(ii) The undersigned and each other person executing this Agreement are responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of the undersigned or any other person executing this Agreement is responsible for the completeness or accuracy of the information statement concerning any other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.

 

This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which, taken together, shall constitute one and the same instrument.

 

Date: March 2, 2015

 

 

 WHIPPOORWILL ASSOCIATES, INC.

   
 By: /s/  Shelley F. Greenhaus
 Name: Shelley F. Greenhaus
 Title: President
   

 

 Shelley F. Greenhaus

   
 By: /s/  Shelley F. Greenhaus
 Name: Shelley F. Greenhaus
   

 

Steven K. Gendal

   
 By: /s/  Steven K. Gendal
 Name: Steven K. Gendal