SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. )
Chromcraft Revington, Inc.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
171117104
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(CUSIP Number)
Kenneth R. Skarbeck
c/o Aldebaran Capital, L.L.C.
10293 N. Meridian St., Ste. 100
Indianapolis, IN 46290
(317) 818-7827
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 29, 2008
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(Date of Event which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition that is the subject of this Schedule 13D,
and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or
13d-1(g), check the following box [ ].
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The information required on 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 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).
CUSIP No. 171117104
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Aldebaran Capital, L.L.C.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS
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 of America
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
7. SOLE VOTING POWER
0
8. SHARED VOTING POWER
472,943
9. SOLE DISPOSITIVE POWER
0
10. SHARED DISPOSITIVE POWER
472,943
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
472,943
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.7%
14. TYPE OF REPORTING PERSON
IA
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Kenneth R. Skarbeck
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS
AF
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 of America
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
7. SOLE VOTING POWER
0
8. SHARED VOTING POWER
472,943
9. SOLE DISPOSITIVE POWER
0
10. SHARED DISPOSITIVE POWER
472,943
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
472,943
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.7%
14. TYPE OF REPORTING PERSON
IN, HC
CUSIP No. 171117104
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Item 1. Security and Issuer.
The name of the issuer is Chromcraft Revington, Inc. (the "Issuer").
The address of the Issuer's offices is 1330 Win Hentschel Blvd., Suite
250, West Lafayette, Indiana 47906. This Schedule 13D relates to the
Issuer's Common Stock, $.01 par value (the "Shares").
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Item 2. Identity and Background.
(a-c, f) This Schedule 13D is being filed jointly by Aldebaran
Capital, L.L.C., an Indiana limited liability company ("Aldebaran"), and
Kenneth R. Skarbeck, a United States citizen (collectively with
Aldebaran, the "Reporting Persons").
The principal business address of the Reporting Persons is 10293 N.
Meridian St., Suite, 100, Indianapolis, Indiana 46290.
Kenneth R. Skarbeck is the managing member of Aldebaran, an
investment advisory firm that acts as advisor to individuals and
institutions.
(d) None of the Reporting Persons has, during the last five years,
been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) None of the Reporting Persons has, during the last five years,
been a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction and as a result of such proceeding was or is
subject to a judgment, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, Federal or state
securities laws or finding any violation with respect to such laws.
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Item 3. Source and Amount of Funds or Other Consideration.
The funds for the purchase of the Shares came from managed accounts
over which Kenneth R. Skarbeck, through his role at Aldebaran, exercises
investment discretion.
No borrowed funds were used to purchase the Shares, other than any
borrowed funds used for working capital purposes (including certain
leverage arrangements) in the ordinary course of business.
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Item 4. Purpose of Transaction.
The Reporting Persons have acquired their shares in the Issuer for
investment purposes. The Reporting Persons evaluate their investment in
the shares on a continual basis. Except as set forth herein, the
Reporting Persons have no present plans or specific proposals that relate
to or that would result in any of the actions specified in clauses (a)
through (j) of Item 4 of Schedule 13D, other than the suggestion that the
Issuer consider a transaction listed in Item 4(b) as described below and
in Exhibit B. However, the Reporting Persons reserve the right, at any
time in the future and from time to time, to consider various courses of
action that relate to or that would result in any of the actions
specified in clauses (a) through (j) of Item 4 of Schedule 13D. As part
of monitoring their investments, the Reporting Persons may also, from
time to time, seek to meet with and engage in discussions with the
Chromcraft management and directors as well as with other holders of
Common Stock. On October 29, 2008, Aldebaran sent a letter to the
Chairman of the Chromcraft Corporate Governance Committee suggesting that
if business does not improve, that the Board consider the
sale or liquidation of the Issuer, the complete text of which is filed
herewith as Exhibit B and incorporated into this Item 4 in its entirety.
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Item 5. Interest in Securities of the Issuer.
(a-e) As of the date hereof, Aldebaran may be deemed to be the beneficial
owner of 472,943 Shares (7.7%) of the Issuer and Kenneth R. Skarbeck may
be deemed to be the beneficial owner of 472,943 Shares (7.7%)of the
Issuer, based upon the 6,136,209 Shares outstanding as of July 30, 2008,
according to the Issuer.
Aldebaran has the sole power to vote or direct the vote of 0 Shares,
and Kenneth R. Skarbeck has the sole power to vote or direct the vote of
0 Shares to which this filing relates. Aldebaran has the shared power to
vote or direct the vote of 472,943 Shares, and Kenneth R. Skarbeck has
the shared power to vote or direct the vote of 472,943 Shares to which
this filing relates.
Aldebaran has the sole power to dispose or direct the disposition of
0 Shares, and Kenneth R. Skarbeck has the sole power to dispose or direct
the disposition of 0 Shares to which this filing relates. Aldebaran has
the shared power to dispose or direct the disposition of 472,943 Shares,
and Kenneth R. Skarbeck has the shared power to dispose or direct the
disposition of 472,943 Shares to which this filing relates.
The trading dates, number of Shares purchased and the price per
share for all transactions in the Shares during the 60 days prior to
October 29, 2008 by the Reporting Persons are set forth in Exhibit C and
were effected in the open market.
The Reporting Persons specifically disclaim beneficial ownership in
the Shares reported herein except to the extent of their pecuniary
interest therein.
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Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer.
The Reporting Persons do not have any contract, arrangement,
understanding or relationship with any person with respect to the Shares.
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Item 7. Material to be Filed as Exhibits.
Exhibit A An agreement relating to the filing of a joint statement
as required by Rule 13d-1(k) under the Securities Exchange
Act of 1934 is filed herewith as Exhibit A.
Exhibit B A letter to the Issuer suggesting that the Issuer consider
the sale or liquidation of the Issuer if business
conditions do not improve, is filed herewith as Exhibit B.
Exhibit C A description of the transactions in the Shares that were
effected by the Reporting Persons during the 60 days prior
to October 29, 2008 is filed herewith as Exhibit C.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true,
complete and correct.
October 29, 2008
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(Date)
Aldebaran Capital, L.L.C.
By: /s/ Kenneth R. Skarbeck
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Name: Kenneth R. Skarbeck
Title: Managing Member
/s/ Kenneth R. Skarbeck
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Kenneth R. Skarbeck
Exhibit A
AGREEMENT
The undersigned agree that this Schedule 13D dated October 29, 2008
relating to the Common Stock, $.01 par value of Chromcraft Revington,
Inc. shall be filed on behalf of the undersigned.
Aldebaran Capital, L.L.C.
By: /s/ Kenneth R. Skarbeck
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Name: Kenneth R. Skarbeck
Title: Managing Member
/s/ Kenneth R. Skarbeck
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Kenneth R. Skarbeck
October 29, 2008
Exhibit B
October 29, 2008
Chromcraft Revington, Inc.
Attention: Chairman of the Nominating and
Corporate Governance Committee
1330 Win Hentschel Boulevard, Suite 250
West Lafayette, IN 47906
Dear Mr. Chairman:
Aldebaran Capital, LLC is an Indiana limited liability company and
registered investment advisor. As noted in our recent filing, we have
acquired 7.7% of the outstanding shares of Chromcraft Revington, Inc.
We have followed the transformation of the company over the past few
years, as Chromcraft has undergone a major change in its business model.
As security analysts, we recognize the challenges the company has faced
in implementing its plan. In addition, we fully understand that current
economic conditions are causing the task to be even more difficult.
However, the company is nearly three years into restructuring maneuvers
that were begun in 2006. Along the way, Chromcraft has incurred
significant losses and continues to accrue costs attendant with these
changes. As shareholders, we believe that it is time for the company to
demonstrate that these actions are bearing fruit.
In our opinion, if the company is unable to promptly stabilize its
business and rationalize its cost structure, we believe that the Board
should consider either: a) the sale of the company or, b) undertake an
orderly liquidation of the company assets.
We look forward to speaking with you further about Chromcraft.
Sincerely,
Kenneth R. Skarbeck
Managing Member,
Aldebaran Capital, LLC
Exhibit C
Transactions in the Shares -- The Reporting Persons
Aldebaran Capital, L.L.C.
Purchase/Sale Trade Date Number of Shares Price per Share
Purchase 9/5/2008 3,000 $2.70
Purchase 9/5/2008 800 $2.72
Purchase 9/5/2008 1,000 $2.72
Purchase 9/5/2008 600 $2.72
Purchase 9/5/2008 1,000 $2.72
Purchase 9/5/2008 1,800 $2.70
Purchase 9/5/2008 800 $2.72
Purchase 9/25/2008 200 $1.89
Purchase 9/25/2008 300 $1.86
Purchase 9/25/2008 450 $1.83
Purchase 9/25/2008 400 $1.82
Purchase 9/25/2008 300 $1.86
Purchase 9/25/2008 400 $1.82
Purchase 9/25/2008 200 $1.89
Purchase 9/25/2008 350 $1.85
Purchase 9/25/2008 350 $1.85
Purchase 9/25/2008 200 $1.85
Purchase 9/25/2008 150 $1.92
Purchase 9/30/2008 3,000 $1.21
Purchase 9/30/2008 1,000 $1.23
Purchase 9/30/2008 2,500 $1.21
Purchase 9/30/2008 1,500 $1.21
Purchase 9/30/2008 3,865 $1.21
Purchase 9/30/2008 1,000 $1.22
Purchase 9/30/2008 900 $1.23
Purchase 9/30/2008 900 $1.23
Purchase 9/30/2008 1,000 $1.22
Purchase 9/30/2008 900 $1.23
Purchase 9/30/2008 3,000 $1.21
Purchase 9/30/2008 2,000 $1.22
Purchase 9/30/2008 1,000 $1.23
Purchase 9/30/2008 1,000 $1.23
Purchase 9/30/2008 1,000 $1.23
Purchase 10/6/2008 2,000 $0.96
Purchase 10/6/2008 650 $0.98
Purchase 10/6/2008 1,000 $0.97
Purchase 10/6/2008 700 $0.98
Purchase 10/6/2008 1,000 $0.98
Purchase 10/6/2008 1,000 $0.98
Purchase 10/6/2008 1,000 $0.98
Purchase 10/6/2008 650 $0.98
Purchase 10/7/2008 400 $1.05
Purchase 10/7/2008 500 $1.04
Purchase 10/7/2008 1,000 $1.02
Purchase 10/7/2008 250 $1.08
Purchase 10/7/2008 1,200 $1.02
Purchase 10/7/2008 500 $1.04
Purchase 10/7/2008 500 $1.03
Purchase 10/7/2008 550 $1.02
Purchase 10/9/2008 1,000 $0.83
Purchase 10/9/2008 1,000 $0.83
Purchase 10/9/2008 1,000 $0.82
Purchase 10/9/2008 1,000 $0.83
Purchase 10/9/2008 1,000 $0.83
Purchase 10/9/2008 4,000 $0.82
Purchase 10/9/2008 2,000 $0.82
Purchase 10/9/2008 1,000 $0.83
Purchase 10/9/2008 1,000 $0.83
Purchase 10/9/2008 1,000 $0.82
Purchase 10/9/2008 1,000 $0.83
Purchase 10/9/2008 1,000 $0.83
Purchase 10/9/2008 1,000 $0.83
Purchase 10/9/2008 1,000 $0.83
Purchase 10/9/2008 1,000 $0.83
Purchase 10/9/2008 1,000 $0.83
Purchase 10/9/2008 1,000 $0.83
Purchase 10/9/2008 2,000 $0.82
Purchase 10/9/2008 1,500 $0.83
Purchase 10/9/2008 1,000 $0.83
Purchase 10/9/2008 1,000 $0.83
Purchase 10/9/2008 1,000 $0.83
Purchase 10/9/2008 1,000 $0.83
Purchase 10/9/2008 1,000 $0.82
Purchase 10/9/2008 1,000 $0.83
Purchase 10/9/2008 1,500 $0.82
Purchase 10/17/2008 1,200 $0.71
Purchase 10/17/2008 1,000 $0.70
Purchase 10/17/2008 1,000 $0.71
Purchase 10/17/2008 1,500 $0.70
Purchase 10/17/2008 1,000 $0.71
Purchase 10/17/2008 1,000 $0.71
Purchase 10/17/2008 600 $0.72
Purchase 10/17/2008 1,000 $0.70
Purchase 10/17/2008 1,000 $0.71
Purchase 10/17/2008 2,000 $0.69
Purchase 10/17/2008 1,000 $0.70
Purchase 10/17/2008 1,200 $0.71
Purchase 10/17/2008 1,000 $0.70
Purchase 10/17/2008 1,000 $0.71
Purchase 10/17/2008 2,000 $0.70
Purchase 10/17/2008 1,000 $0.70
Purchase 10/17/2008 1,000 $0.70
Purchase 10/17/2008 1,200 $0.70
Purchase 10/17/2008 1,000 $0.71
Purchase 10/17/2008 1,200 $0.70
Purchase 10/17/2008 1,200 $0.70
Purchase 10/17/2008 1,000 $0.71
Purchase 10/17/2008 500 $0.73
Purchase 10/17/2008 800 $0.71
Purchase 10/17/2008 1,000 $0.70
Purchase 10/17/2008 1,000 $0.70
Purchase 10/17/2008 1,000 $0.71
Purchase 10/17/2008 2,000 $0.69
Purchase 10/17/2008 2,000 $0.69
Purchase 10/20/2008 5,000 $0.47
Purchase 10/20/2008 1,500 $0.48
Purchase 10/20/2008 5,000 $0.47
Purchase 10/20/2008 5,000 $0.47
Purchase 10/20/2008 3,000 $0.47
Purchase 10/20/2008 5,000 $0.47
Purchase 10/20/2008 2,000 $0.47
Purchase 10/20/2008 4,500 $0.47
Purchase 10/20/2008 5,000 $0.47
Purchase 10/20/2008 3,000 $0.47
Purchase 10/20/2008 2,000 $0.47
Purchase 10/20/2008 3,000 $0.47
Purchase 10/20/2008 3,000 $0.47
Purchase 10/20/2008 10,000 $0.47
Purchase 10/20/2008 3,500 $0.47
Purchase 10/20/2008 5,000 $0.47
Purchase 10/20/2008 5,000 $0.47
Purchase 10/20/2008 2,000 $0.47
Purchase 10/20/2008 5,000 $0.47
Purchase 10/20/2008 1,500 $0.48
Purchase 10/20/2008 5,000 $0.47
Purchase 10/20/2008 11,159 $0.47
Purchase 10/20/2008 2,000 $0.47
Purchase 10/20/2008 5,000 $0.47
Purchase 10/20/2008 4,000 $0.42
Purchase 10/21/2008 1,570 $0.51
Purchase 10/22/2008 4,000 $0.50
Purchase 10/22/2008 2,200 $0.50
Purchase 10/22/2008 2,000 $0.51
Purchase 10/22/2008 3,000 $0.51
Purchase 10/22/2008 3,000 $0.51
Purchase 10/22/2008 2,000 $0.50
Purchase 10/22/2008 3,000 $0.51
Purchase 10/22/2008 1,500 $0.51
Purchase 10/22/2008 2,000 $0.50
Purchase 10/22/2008 3,000 $0.51
Purchase 10/22/2008 2,000 $0.51
Purchase 10/22/2008 2,000 $0.50
Purchase 10/23/2008 3,900 $0.49
Purchase 10/23/2008 4,000 $0.48
Purchase 10/24/2008 2,000 $0.48
Purchase 10/24/2008 2,000 $0.48
Purchase 10/24/2008 2,000 $0.48
Purchase 10/24/2008 2,000 $0.48
Purchase 10/24/2008 2,000 $0.48
Purchase 10/24/2008 2,000 $0.48
Purchase 10/24/2008 2,000 $0.48
Purchase 10/24/2008 4,000 $0.47
Purchase 10/24/2008 3,000 $0.48
Purchase 10/24/2008 2,000 $0.48
Purchase 10/24/2008 2,000 $0.48
Purchase 10/24/2008 2,000 $0.48
Purchase 10/24/2008 1,000 $0.48
Purchase 10/27/2008 1,000 $0.49
Purchase 10/27/2008 3,000 $0.47
Purchase 10/27/2008 1,000 $0.49
Purchase 10/27/2008 1,000 $0.48
Purchase 10/27/2008 1,000 $0.48
Purchase 10/27/2008 1,000 $0.49
Purchase 10/27/2008 1,000 $0.49
Purchase 10/27/2008 2,000 $0.47
Purchase 10/27/2008 6,000 $0.47
Purchase 10/27/2008 1,000 $0.48
Purchase 10/27/2008 1,000 $0.48
Purchase 10/27/2008 2,000 $0.47
Purchase 10/27/2008 1,000 $0.49
Purchase 10/27/2008 1,000 $0.48
Purchase 10/27/2008 1,000 $0.48
Purchase 10/27/2008 1,000 $0.48
Purchase 10/27/2008 1,000 $0.49
Purchase 10/27/2008 2,000 $0.47
Purchase 10/27/2008 2,000 $0.47
Purchase 10/27/2008 2,000 $0.47