SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Information to be Included in Statements Filed Pursuant to Section 240.13d-1(a)
and Amendments Thereto Filed Pursuant to Section 240.13d-2(a)
(Amendment No. ___)*
FutureFuel Corp.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
U36297 106
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(CUSIP Number)
Douglas D. Hommert, Executive Vice President
FutureFuel Corp.
8235 Forsyth Boulevard, 4th Floor
Clayton, Missouri 63105
(314) 854-8520
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
April 15, 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 Sections 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
Section 240.13d-7 for other parties to whom copies are to be sent.
*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 on 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).
Page 1 of 8
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CUSIP NO. U36297 106 13D PAGE 2 OF 8 PAGES
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1. Names of Reporting Persons
Paul A. Novelly
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2. Check the Appropriate Box if a Member of a Group (a) | |
(See Instructions) (b) | |
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3. SEC Use Only
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4. Source of Funds (See Instructions)
AF
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) | |
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6. Citizenship or Place of Organization
USA
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Number of Shares Beneficially 7. Sole Voting Power 8,306,350
Owned by Each Reporting
Person With --------------------------------------------
8. Shared Voting Power 625,000
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9. Sole Dispositive Power 8,306,350
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10. Shared Dispositive Power 625,000
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
8,931,350
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares | |
(See Instructions)
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13. Percent of Class Represented by Amount in Row (11)
33.5%
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14. Type of Reporting Person (See Instructions)
IN
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CUSIP NO. U36297 106 13D PAGE 3 OF 8 PAGES
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15. Names of Reporting Persons
St. Albans Global Management, Limited Partnership, LLLP
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16. Check the Appropriate Box if a Member of a Group (a) | |
(See Instructions) (b) | |
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17. SEC Use Only
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18. Source of Funds (See Instructions)
WC
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19. Check if Disclosure of Legal Proceedings Is Required Pursuant to
Items 2(d) or 2(e) | |
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20. Citizenship or Place of Organization
Delaware
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Number of Shares Beneficially 21. Sole Voting Power 8,306,350
Owned by Each Reporting
Person With --------------------------------------------
22. Shared Voting Power 0
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23. Sole Dispositive Power 8,306,350
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24. Shared Dispositive Power 0
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25. Aggregate Amount Beneficially Owned by Each Reporting Person
8,306,350
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26. Check if the Aggregate Amount in Row (11) Excludes Certain Shares | |
(See Instructions)
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27. Percent of Class Represented by Amount in Row (11)
31.1%
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28. Type of Reporting Person (See Instructions)
PN
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SCHEDULE 13D
ITEM 1. SECURITY AND ISSUER
This Report on Schedule 13D relates to shares of common stock,
$0.0001 par value (the "Common Stock"), of FutureFuel Corp. (the "Company"),
whose principal executive offices are located at 8235 Forsyth Boulevard, 4th
Floor, Clayton, Missouri 63105.
ITEM 2. IDENTITY AND BACKGROUND
This Report is jointly filed by Paul A. Novelly ("Novelly") and St.
Albans Global Management, Limited Partnership, LLLP ("Global").
The business address for both Novelly and Global is 8235 Forsyth
Boulevard, 4th Floor, Clayton, Missouri 63105. Mr. Novelly is a citizen of the
United States of America and is the Chairman of the Board of Directors of
FutureFuel Corp. Mr. Novelly also serves as the Chairman and Chief Executive
Officer of (i) Apex Oil Company, Inc. ("Apex Oil"), a privately-held Missouri
corporation engaged in the trading, storage, marketing and transportation of
petroleum products, including liquid terminal facilities in the Midwest and
Eastern United States, and towboat and barge operations on the inland waterway
system, and (ii) Apex Holding Co. ("Apex Holding"), also a privately-held
Missouri corporation, which is the direct corporate parent of Apex Oil. The
business address of both Apex Oil and Apex Holding is 8235 Forsyth Boulevard,
4th Floor, Clayton, Missouri 63105.
Novelly also is the chief executive officer of Global. Global is a
limited liability limited partnership organized under the laws of the state of
Delaware and its principal business is providing corporate management
services.
The following named persons are executive officers of Apex Holding
and may be deemed to share with Novelly the power to vote and power to dispose
of the shares of Common Stock held by Apex Holding. Each officer has a
business address of 8235 Forsyth Boulevard, 4th Floor, Clayton, Missouri 63105
and each is principally engaged as an officer of Apex Oil:
Name of Apex Holding Officer Position
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Douglas D. Hommert President
John L. Hank, Jr. Vice President
Karon M. Burns Secretary
None of Novelly, Global or any named officer of Apex Holding has been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) during the past five years, nor has any such individual been a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction during the past five years that resulted in a judgment, decree or
final order enjoining the named person from future violations of, or
prohibiting or mandating activities subject to, U.S. federal or state
securities laws or finding of any violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
On April 15, 2008, Global purchased 1,525,100 shares of the Common
Stock of the Company for $4.00 per share and purchased 1,525,100 warrants to
acquire shares of the Common Stock of the Company for $0.80 per warrant in a
private transaction arranged through the Company's U.S. placement agent. The
total consideration of $7,320,480 was paid out of Global's working capital. No
borrowed funds were used to effect the purchase.
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ITEM 4. PURPOSE OF TRANSACTION.
Novelly is the Chairman of the Board of the Company and is
substantially involved in management of the Company. Global acquired the
securities referred to above in Item 3 for investment purposes and not with a
view to, or for resale in connection with, any distribution thereof. Global
may acquire additional securities of the Company from time to time in the open
market or in private transactions. Global has no present intention of altering
its investment purpose, but from time to time, Global may consider the
feasibility and advisability of various alternative courses of action with
respect to its investment in the Company.
At the date of this Statement, except as set forth in this Statement,
Global has no specific plans or proposals that would result in:
(a) the acquisition by any person of additional securities of the
Company, or the disposition of securities of the Company;
(b) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Company or any of its
subsidiaries;
(c) a sale or transfer of a material amount of assets of the Company
or any of its subsidiaries;
(d) any change in the present board of directors or management of the
Company, including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board;
(e) any material change in the present capitalization or dividend
policy of the Company;
(f) any other material change in the Company's business or corporate
structure;
(g) changes in the Company's charter, bylaws or instruments
corresponding thereto or other actions which may impede the acquisition of
control of the Company by any person;
(h) causing a class of securities of the Company to be delisted from
or cease to be quoted or traded on any securities exchange, market or
quotation system;
(i) a class of equity securities of the Company becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act; or
(j) any action similar to any of those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of April 15, 2008, Novelly is deemed to beneficially own
8,931,350 shares of the Common Stock of the Company, which represents
approximately 33.5% of the outstanding shares of the Common Stock (based upon
26,700,000 shares of Common Stock outstanding). Such deemed beneficial
ownership derives from 8,306,350 shares owned by Global and 625,000 shares
owned by Apex Holding. Novelly disclaims beneficial ownership of all shares
owned by Global and Holding except to the extent of a minor pecuniary
interest.
Each of the Company's warrants represents the right to purchase one
share of the Company's Common Stock at the price of $6.00, exercisable before
July 12, 2010. 6,168,850 of the
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Company's warrants are held by Global and 625,000 are held by Apex Holding,
together totaling 6,793,850 and representing 30.2% of the outstanding
warrants. Novelly disclaims beneficial ownership of all warrants owned by
Global and Holding except to the extent of a minor pecuniary interest.
The aggregate shares of Common Stock and warrants held by Global and
Apex Holding, and deemed beneficially owned by Novelly, can be summarized by
the following table. The "fully diluted" column in the table assumes exercise
of all outstanding warrants by all warrant holders, not just exercise of its
warrants by Global and Apex Holding.
COMMON STOCK WARRANTS FULLY DILUTED
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PERCENT OF
AMOUNT OF PERCENT OF AMOUNT OF AMOUNT OF COMMON
BENEFICIAL COMMON BENEFICIAL PERCENT OF BENEFICIAL STOCK AND
OWNERSHIP STOCK OWNERSHIP WARRANTS OWNERSHIP WARRANTS
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8,931,350 33.5% 6,793,850 30.2% 15,725,200 32.0%
(b) Global has sole voting and dispositive power with respect to the
8,306,350 shares of Common Stock it owns. As Global's chief executive officer,
Novelly also is deemed to have sole voting and dispositive power with respect
to such shares. Novelly is deemed to share the voting and dispositive power
over Apex Holding's 625,000 shares of the Common Stock with the other
executive officers of Apex Holding referenced in Item 2 above.
(c) See Item 3 above.
(d) Not applicable.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Joint Filing Agreement (Exhibit I).
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SIGNATURES
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.
Date: April 25, 2008 PAUL A. NOVELLY
/s/ Paul A. Novelly
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Paul A. Novelly
Date: April 25, 2008 ST. ALBANS GLOBAL MANAGEMENT,
LIMITED PARTNERSHIP, LLLP
By: /s/ Paul A. Novelly
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Paul A. Novelly, Chief Executive Officer
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EXHIBIT I
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JOINT FILING AGREEMENT
The undersigned each hereby agree that Schedule 13D filed herewith,
relating to the Common Stock of FutureFuel Corp., is filed on behalf of each
of the undersigned.
Date: April 25, 2008 PAUL A. NOVELLY
/s/ Paul A. Novelly
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Paul A. Novelly
Date: April 25, 2008 ST. ALBANS GLOBAL MANAGEMENT,
LIMITED PARTNERSHIP, LLLP
By: /s/ Paul A. Novelly
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Paul A. Novelly, Chief Executive Officer
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