UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(AMENDMENT NO. 9)
Under the Securities Exchange Act of 1934
SCOTT'S LIQUID GOLD-INC.
-------------------------------------------------------------------------------
(Name of issuer)
COMMON STOCK
-------------------------------------------------------------------------------
(Title of class of securities)
810-202101
--------------------------------------------------------
(CUSIP number)
TIMOTHY J. STABOSZ, 1307 MONROE STREET, LAPORTE, IN 46350 (219) 324-5087
-------------------------------------------------------------------------------
(Name, address and telephone number of person authorized to receive notices and
communications)
JUNE 3, 2014
--------------------------------------------------------
(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 which 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. [_]
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. 810-202101
--------------------------------------------------------------------------------
1. Name of Reporting Person
TIMOTHY JOHN STABOSZ
--------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [_]
NOT APPLICABLE (b) [_]
--------------------------------------------------------------------------------
3. SEC Use Only
--------------------------------------------------------------------------------
4. Source of Funds (See Instructions) PF
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
Number of (7) Sole Voting Power 20
Shares ____________________________________________
Beneficially (8) Shared Voting Power 0
Owned by ____________________________________________
Each (9) Sole Dispositive Power 20
Reporting ____________________________________________
Person With (10) Shared Dispositive Power 0
--------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned 20
by each Reporting Person
--------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes [_]
Certain Shares
--------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 0%
--------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) IN
--------------------------------------------------------------------------------
ITEM 1. Security and Issuer
Common stock of Scott's Liquid Gold-Inc. ("the company"), 4880 Havana
Street, Denver, CO 80239.
ITEM 2. Identity and Background
The reporting person, Timothy J. Stabosz, 1307 Monroe Street, LaPorte, IN
46350, a natural person and United States citizen, is engaged as a private
investor. He has not been convicted in a criminal proceeding (excluding
traffic violations or other similar misdemeanors) in the last 5 years, and has
not been a party to any proceedings, or subject to any judgements, enjoinments,
decrees, et al., related to violations of state or federal securities laws, in
his lifetime.
ITEM 3. Source and Amount of Funds or Other Consideration
The reporting person retains a de minimus position of 20 shares at a
nominal cost.
ITEM 4. Purpose of Transaction
The reporting person effectively sold out of his position in the company,
as indicated below, and maintains a de minimus position of 20 shares.
The sale of the shares terminates the reporting person's obligations under
Regulation 13D of the Act.
Among other reasons, including the company's increased stock price, the
reporting person's personal liquidity needs, and the opportunity cost of con-
tinuing to hold SLGD shares, specific to the company itself, the reporting
person sold his shares, because:
1) Goldstein's board refuses to buy back shares or pay a dividend.
2) Goldstein's board continues to recklessly allow Goldstein to take out
roughly $450K out of the company, each and every year, pillaging the
company, expropriating outside shareholders' capital, and crushing the spirit
of the outside shareholder base...while refusing to take the company private.
3) Goldstein's board refuses to put an outside shareholder representative
on it, leaving the board without a bonafide witness to stop Goldstein's
history of corruptly operating the company for his own personal gain.
4) Goldstein's board is likely to use the company's cash to buy something,
with highly uncertain results.
5) The SLGD scion, Mark Goldstein, despite having virtually destroyed
the company's namesake brand, and having evidenced astonishing incom-
petence and managerial failure that is generation-long, epic, legendary,
and will likely go down in the annals of business...continues to corruptly
maintain a "stacked" board, whose PRIMARY obligation is to HIM, and to ful-
fill Mark Goldstein's personal financial needs, and his unquestioned
"right" to continue as chairman and CEO of the company.
6) Goldstein & Co. have failed in their efforts to materially increase sales
of the core namesake product line.
7) The future of licensed product revenue involves a high degree of risk.
The reporting person believes the company is too small to continue to
operate on its own, and that shareholder value should be maximized through
a sale and/or breakup up the company. This, however, will not happen,
as the CEO appears to have no other source of the kind of income he, with
wanton licentiousness, continues to suck out of Scott's Liquid Gold, with
a denuded board blessing this disturbing arrangement, solely out of "pity"
for Mr. Goldstein, and the fear that if they "speak up," and seek to replace
him with a REAL manager, Goldstein would not support their reappointment
to the board. Such has been the dysfunctional corporate governance at the
company for a generation, perpetrated shamelessly, and in "broad daylight,"
despite a number of independent outside shareholders clamoring for deeper,
broader, and more fundamental change.
ITEM 5. Interest in Securities of the Issuer
As of the close of business on June 3, 2014, the reporting person has
sole voting and dispositive power over 20 shares of Scott's Liquid Gold,
Inc.'s common stock. Transactions effected by the reporting person, in the
previous 60 days, were performed in ordinary brokerage transactions, and
are indicated as follows:
05/19/14 sold 126 shares at .8495
06/03/14 sold 36,300 shares at .67
06/03/14 sold 542,500 shares at .65
ITEM 6. Contracts, Arrangements, Understandings or Relationships
with Respect to Securities of the Issuer
None
ITEM 7. Material to be Filed as Exhibits
None
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 06/06/14
Signature Timothy J. Stabosz
Name/Title Timothy J. Stabosz, Private Investor