UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities and Exchange Act of 1934
(Amendment No. )
THE COAST DISTRIBUTION SYSTEM, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
190345108
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(CUSIP Number)
Kenneth R. Skarbeck
Aldebaran Capital, LLC
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)
Kenneth R. Skarbeck
Aldebaran Capital, LLC
10293 N. Meridian St., Ste. 100
Indianapolis, IN 46290
(317) 818-7827
August 13, 2014
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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 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 Rule
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'sinitial 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.
This 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).
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SCHEDULE 13D
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CUSIP NO. 190345108 Page 1 of 5
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE
PERSON (entities only)
Kenneth R. Skarbeck
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(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 BOX 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
United States of America
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7. SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY 332,546
OWNED BY EACH ----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER
0
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10. SHARED DISPOSITIVE POWER
332,546
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
332,546
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.26%
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14. TYPE OF REPORTING PERSON
IA, HC
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*See Item 3
**See Item 2 and 5
SCHEDULE 13D
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CUSIP NO. 190345108 Page 2 of 5
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. INDENTIFICATION NO. OF ABOVE
PERSON (entities only)
Aldebaran Capital, LLC / 352064865
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
00
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5. CHECK BOX 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
United States of America
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7. SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY 332,546
OWNED BY EACH ----------------------------------------------------------
PERSON WITH 9. SOLE DISPOSITIVE POWER
0
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10. SHARED DISPOSITIVE POWER
332,546
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
332,546
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.26%
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14. TYPE OF REPORTING PERSON
IA, HC
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CUSIP NO. 92343E102 Page 3 of 5
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Item 1. Security and Issuer
The name of the issuer is The Coast Distribution System, Inc. (the
"Issuer"). The address of the Issuer's offices is 350 Woodview Avenue,
Ste., 100, Morgan Hill, CA 95037. This schedule 13D relates to the Issuer's
Common Stock, $.001 par value (the "Shares").
Item 2. Identity and Background
(a-c, f) This Schedule 13D is being filed jointly by Aldebaran Capital,
LLC, 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, IN 46290.
Kenneth R. Skarbeck is the managing member of Aldebaran, an investment
advisory firm that acts as advisor to individuals and institutions.
(d) and (e) None of the Reporting persons has, during the last five
years, been convicted in a criminal proceeding (excluding traffic violations
or similar misdemeanors). 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,
orprohibiting or mandating activities subject to, Federal or state securities
laws or finding any violation with respect to such laws.
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CUSIP NO. 190345108 Page 4 of 5
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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
overwhich Kenneth R. Skarbeck, through his role at Aldebaran, exercises
investment discretion. No borrowed funds were used to purchase the Shares.
Item 4.
The Shares of the Issuer's Common Stock were acquired for investment
purposes by the Reporting Persons in the course of their business of making
portfolio investments for their advisory clients. The Reporting Persons intend
to monitor their investments in accordance with market and general economic
conditions, as well as the Issuer's operating results, financial condition and
conditions in the Issuer's industry.
At the present time, the Reporting Persons have no plans or 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. 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 Issuer's
management and directors as well as with other holders of Common Stock.
Item 5. Interest in Securities of the Issuer
(a-e) As of the date hereof, Mr. Skarbeck and Aldebaran Capital may be
deemed to be the beneficial owner of 332,546 shares which constitute 6.26% of
the Issuer's stock, based upon the 5,315,852 shares outstanding according to the
Issuer's Proxy Statement dated July 21, 2014.
Mr. Skarbeck and Aldebaran Capital have the sole power to vote or direct
the vote of 0 shares to which this filing relates. Mr. Skarbeck and Aldebaran
Capital have the shared power to vote or direct the vote of 332,546 shares to
which this filing relates.
Mr. Skarbeck and Aldebaran Capital have the sole power to dispose or
direct the disposition of 0 shares to which this filing relates. Mr. Skarbeck
and Aldebaran Capital have the shared power to dispose or direct the disposition
of 332,546 shares to which this filing relates.
The trading dates, number of shares purchased or sold, and the price per
share for all transactions in the shares during the 60 days prior to August 13,
2014, transacted by the Reporting Persons, are set forth in Exhibit B (see Item
7) 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.
Item 6. Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of the Issuer
The Reporting Persons have no understandings, arrangements,
relationships or contracts relating to the Issuer's Common Stock which are
required to be described hereunder.
Item 7. Material to Be Filed as Exhibits
Exhibit A: Joint Filing Agreement required by Rule 13d-1(k)(1)
Exhibit B: A list of all transactions in the Issuer's Common Stock
during the past sixty days
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CUSIP NO. 190345108 Page 5 of 5
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SIGNATURE
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.
After reasonable inquiry and to the best of
myknowledge and belief, I certify that the information set forth in this
statement is true, complete and correct.
KENNETH R. SKARBECK
/s/ Kenneth R. Skarbeck
______________________________________________________________________
ALDEBARAN CAPITAL, LLC
By: /s/ Kenneth R. Skarbeck
Name: Kenneth R. Skarbeck
Title: Managing Member
Exhibit A
Agreement to File Schedule 13D Jointly
(as required by Item 7 of Schedule 13D)
The undersigned persons hereby agree that this Schedule 13D relating
to the Common Stock, par value $.001 of The Coast Distribution System Inc., and
any amendments thereto, may be filed in a single statement on behalf of all such
persons.
Dated: August 13, 2014
KENNETH R. SKARBECK
/s/ Kenneth R. Skarbeck
____________________________________________________________________
ALDEBARAN CAPITAL, LLC
By: /s/ Kenneth R. Skarbeck
Name: Kenneth R. Skarbeck
Title: Managing Member
Exhibit B
A list of all transactions in the Issuer's Common Stock during the past sixty
days.
(as noted in Item 5 above)
Number of Shares
Purchase or Sale Date of Common Stock Price per Share
Purchase 6/17/2014 46 $3.08
Purchase 6/17/2014 400 $3.22
Purchase 6/18/2014 963 $3.08
Purchase 6/19/2014 519 $3.08
Purchase 6/19/2014 3,000 $3.10
Purchase 6/20/2014 117 $3.07
Purchase 6/20/2014 383 $3.04
Purchase 6/23/2014 122 $3.07
Purchase 6/23/2014 500 $3.11
Purchase 6/24/2014 751 $3.07
Purchase 6/24/2014 1,780 $3.09
Purchase 6/24/2014 1,720 $3.10
Purchase 6/25/2014 158 $3.07
Purchase 6/25/2014 1,500 $3.09
Purchase 6/25/2014 900 $3.10
Purchase 6/26/2014 91 $3.07
Purchase 6/26/2014 1,400 $3.09
Purchase 6/26/2014 3,509 $3.10
Purchase 7/03/2014 76 $3.07
Purchase 8/01/2014 50 $2.97
Purchase 8/04/2014 20 $2.96
Purchase 8/04/2014 1,000 $3.03
Purchase 8/04/2014 41,000 $3.30
Purchase 8/05/2014 5,583 $3.30
Purchase 8/05/2014 400 $3.32
Purchase 8/05/2014 500 $3.33
Purchase 8/05/2014 1,900 $3.34
Purchase 8/05/2014 300 $3.35
Purchase 8/06/2014 150 $3.23
Purchase 8/06/2014 751 $3.30
Sale 8/06/2014 500 $3.30
Purchase 8/06/2014 700 $3.30
Purchase 8/06/2014 400 $3.37
Purchase 8/07/2014 1,490 $3.15
Purchase 8/07/2014 100 $3.24
Purchase 8/07/2014 3,852 $3.25
Purchase 8/07/2014 300 $3.29
Purchase 8/07/2014 5,648 $3.30
Purchase 8/07/2014 6,754 $3.31
Purchase 8/07/2014 900 $3.32