UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
___________________________________________________________________________________________
 

 
SCHEDULE 13D
(Rule 13d-101)
 
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
§ 240.13d-2(a)
 
(Amendment No. 1)1
 
 
 
___________________________________________________________________________________________
 
Wheeler Real Estate Investment Trust, Inc.
(Name of Issuer)
 
Series D Cumulative Convertible Preferred Stock, no par value per share
(Title of Class of Securities)
 
963025606
(CUSIP Number)
 
JAMES C. PAPPAS
JCP INVESTMENT MANAGEMENT, LLC
1177 West Loop South, Suite 1320
Houston, TX 77027
(713) 333-5540
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
 
June 11, 2018
(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 §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  ☐.
 

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 to whom copies are to be sent.

 
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 disclosures provided in a prior cover page.
 
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 (“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).
 

 

 
     
CUSIP NO. 963025606
 
  
 
             
  1 
 
NAME OF REPORTING PERSON
 
JCP Investment Partnership, LP
  2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  ☐        (b)  ☐
 
  3
 
SEC USE ONLY
 
  4
 
SOURCE OF FUNDS
 
WC
  5
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR
2(e)  ☐
 
  6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
TEXAS
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
  
  7 
  
SOLE VOTING POWER
 
224,960
  
  8
  
SHARED VOTING POWER
 
- 0 -
  
  9
  
SOLE DISPOSITIVE POWER
 
224,960
  
10
  
SHARED DISPOSITIVE POWER
 
- 0 -
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
224,960
12
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  ☐
 
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
6.3%
14
 
TYPE OF REPORTING PERSON
 
PN
 

     
CUSIP NO. 963025606
 
  
 
             
  1 
 
NAME OF REPORTING PERSON
 
JCP Investment Partnership II, Master Fund LP
  2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  ☐        (b)  ☐
 
  3
 
SEC USE ONLY
 
  4
 
SOURCE OF FUNDS
 
WC
  5
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR
2(e)  ☐
 
  6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
CAYMAN ISLANDS
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
  
  7 
  
SOLE VOTING POWER
 
33,588
  
  8
  
SHARED VOTING POWER
 
- 0 -
  
  9
  
SOLE DISPOSITIVE POWER
 
33,588
  
10
  
SHARED DISPOSITIVE POWER
 
- 0 -
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
33,588
12
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  ☐
 
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
0.9%
14
 
TYPE OF REPORTING PERSON
 
PN
 
 
     
CUSIP NO. 963025606
 
  
 
             
  1 
 
NAME OF REPORTING PERSON
 
JCP Investment Partners, LP
  2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  ☐        (b)  ☐
 
  3
 
SEC USE ONLY
 
  4
 
SOURCE OF FUNDS
 
AF
  5
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR
2(e)  ☐
 
  6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
TEXAS
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
  
  7 
  
SOLE VOTING POWER
 
258,548
  
  8
  
SHARED VOTING POWER
 
- 0 -
  
  9
  
SOLE DISPOSITIVE POWER
 
258,548
  
10
  
SHARED DISPOSITIVE POWER
 
- 0 -
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
258,548
12
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  ☐
 
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
7.2%
14
 
TYPE OF REPORTING PERSON
 
PN
 
 

 
     
CUSIP NO. 963025606
 
  
 
             
  1 
 
NAME OF REPORTING PERSON
 
JCP Investment Holdings, LLC
  2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  ☐        (b)  ☐
 
  3
 
SEC USE ONLY
 
  4
 
SOURCE OF FUNDS
 
AF
  5
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR
2(e)  ☐
 
  6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
TEXAS
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
  
  7 
  
SOLE VOTING POWER
 
258,548
  
  8
  
SHARED VOTING POWER
 
- 0 -
  
  9
  
SOLE DISPOSITIVE POWER
 
258,548
  
10
  
SHARED DISPOSITIVE POWER
 
- 0 -
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
258,548
12
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  ☐
 
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
7.2%
14
 
TYPE OF REPORTING PERSON
 
OO
 

     
CUSIP NO. 963025606
 
  
 
             
  1 
 
NAME OF REPORTING PERSON
 
JCP Investment Management, LLC
  2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  ☐        (b)  ☐
 
  3
 
SEC USE ONLY
 
  4
 
SOURCE OF FUNDS
 
AF
  5
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR
2(e)  ☐
 
  6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
TEXAS
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
  
  7 
  
SOLE VOTING POWER
 
258,548
  
  8
  
SHARED VOTING POWER
 
- 0 -
  
  9
  
SOLE DISPOSITIVE POWER
 
258,548
  
10
  
SHARED DISPOSITIVE POWER
 
- 0 -
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
258,548
12
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  ☐
 
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
7.2%
14
 
TYPE OF REPORTING PERSON
 
OO
 

     
CUSIP NO. 963025606
 
  
 
             
  1 
 
NAME OF REPORTING PERSON
 
James C. Pappas
  2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)  ☐        (b)  ☐
 
  3
 
SEC USE ONLY
 
  4
 
SOURCE OF FUNDS
 
AF
  5
 
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR
2(e)  ☐
 
  6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
 
  
  7 
  
SOLE VOTING POWER
 
258,548
  
  8
  
SHARED VOTING POWER
 
- 0 -
  
  9
  
SOLE DISPOSITIVE POWER
 
258,548
  
10
  
SHARED DISPOSITIVE POWER
 
- 0 -
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
258,548
12
 
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES  ☐
 
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
7.2%
14
 
TYPE OF REPORTING PERSON
 
IN
 

Amendment No. 1 to Schedule 13D
 
The following constitutes Amendment No. 1 (“Amendment No. 1”) to the Schedule 13D filed with the Securities and Exchange Commission (“SEC”) by JCP Investment Partnership, LP, JCP Investment Partnership II, Master Fund LP, JCP Investment Partners, LP, JCP Investment Holdings, LLC, JCP Investment Management, LLC and James C. Pappas (collectively, the “Reporting Persons”) on May 21, 2018. This Amendment No. 1 amends and supplements the Schedule 13D as specifically set forth herein.
 
All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable.
 
Item 4.
Purpose of Transaction.
 
On June 11, 2018, the Reporting Persons submitted a letter to the Issuer exercising the Reporting Persons’ right to have the Issuer redeem their Shares at a redemption price of $25 per Share due to the Reporting Persons’ belief that the Issuer has failed to maintain the required asset coverage specified in the Asset Coverage Provision and has not cured such failure by the June 8, 2018 date required under the Asset Coverage Provision.
 
Going forward, the Reporting Persons may take further action, including but not limited to pursuing litigation to enforce their rights as holders of Shares if the Issuer fails to redeem their Shares.
 
The Reporting Persons intend to review their investment in the Issuer on a continuing basis and may from time to time and at any time in the future depending on various factors, including, without limitation, the Issuer’s financial position and strategic direction, actions taken by the Issuer’s Board of Directors, price levels of the Issuer’s securities, other investment opportunities available to the Reporting Persons, conditions in the securities market and general economic and industry conditions, take such actions with respect to the investment in the Issuer as they deem appropriate. These actions may include: (i) acquiring additional Shares and/or other equity, debt, notes, other securities, or derivative or other instruments that are based upon or relate to the value of securities of the Issuer (collectively, “Securities”) in the open market or otherwise; (ii) disposing of any or all of their Securities in the open market or otherwise; (iii) engaging in any hedging or similar transactions with respect to the Securities; or (iv) proposing or considering one or more of the actions described in subsections (a) through (j) of Item 4 of Schedule 13D.
 
Except as set forth herein, the Reporting Persons do not have present plans or proposals at this time that relate to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
 
 

 
SIGNATURES
 
After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
 
Dated: June 11, 2018
 
       
 
JCP Investment Partnership, LP
     
 
By:
 
JCP Investment Management, LLC
Investment Manager
     
 
By:
 
/s/ James C. Pappas
 
 
Name:
 
James C. Pappas
 
Title:
 
Managing Member
 
 
       
 
JCP Investment Partnership II, Master Fund LP
     
 
By:
 
JCP Investment Management, LLC
Investment Manager
     
 
By:
 
/s/ James C. Pappas
 
 
Name:
 
James C. Pappas
 
Title:
 
Managing Member
 

 
JCP Investment Partners, LP   
       
  By:    JCP Investment Holding, LLC 
      General Partner
       
 
By:
 
/s/ James C. Pappas
 
 
Name:
 
James C. Pappas
 
Title:
 
Sole Member
   
   
 
JCP Investment Holdings, LLC
     
 
By:
 
/s/ James C. Pappas
 
 
Name:
 
James C. Pappas
 
Title:
 
Sole Member


   JCP Investment Management, LLC  
   
 
By:
 
/s/ James C. Pappas
 
 
Name:
 
James C. Pappas
 
Title:
 
Managing Member
   
 
/s/ James C. Pappas
 
 
James C. Pappas