Steel Willing to Backstop BW Rights Offering

Purpose of Transaction.

Item 4 is hereby amended to add the following:

On March 20, 2018, Steel Holdings entered into a confidentiality agreement with the Issuer with respect to a possible negotiated business combination or other strategic or financial transaction.

The Reporting Persons intend to fully exercise their rights pursuant to the Issuer’s rights offering commenced on March 19, 2018, and, as discussed with members of the Board and Vintage Capital Management LLC, are also willing to backstop the rights offering in an aggregate amount of up to $75 million.

Link: https://www.sec.gov/Archives/edgar/data/1630805/000092189518001033/0000921895-18-001033-index.htm


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