1slgd13d-golconda-nov2014.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (AMENDMENT NO. 2) Under the Securities Exchange Act of 1934 SCOTT'S LIQUID GOLD-INC. ------------------------------------------------------------------------------- (Name of issuer) COMMON STOCK, $0.10 par value ------------------------------------------------------------------------------- (Title of class of securities) 810202101 -------------------------------------------------------- (CUSIP number) WILLIAM D. SUMMITT, 14839 CHANCEY STREET, ADDISON, TX 75001 (214) 364-9661 ------------------------------------------------------------------------------- (Name, address and telephone number of person authorized to receive notices and communications) NOVEMBER 11, 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. 810202101 -------------------------------------------------------------------------------- 1. Name of Reporting Person GOLCONDA CAPITAL PORTFOLIO, LP -------------------------------------------------------------------------------- 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) WC -------------------------------------------------------------------------------- 5. Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_] -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization TEXAS, UNITED STATES -------------------------------------------------------------------------------- Number of (7) Sole Voting Power 546,341 Shares ____________________________________________ Beneficially (8) Shared Voting Power -0- Owned by ____________________________________________ Each (9) Sole Dispositive Power 546,341 Reporting ____________________________________________ Person With (10) Shared Dispositive Power -0- -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned 546,341 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) 4.7% -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) PN -------------------------------------------------------------------------------- CUSIP No. 810202101 -------------------------------------------------------------------------------- 1. Name of Reporting Person GOLCONDA CAPITAL MANAGEMENT, LLC -------------------------------------------------------------------------------- 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) NA -------------------------------------------------------------------------------- 5. Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [_] -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization TEXAS, UNITED STATES -------------------------------------------------------------------------------- Number of (7) Sole Voting Power 546,341 Shares ____________________________________________ Beneficially (8) Shared Voting Power -0- Owned by ____________________________________________ Each (9) Sole Dispositive Power 546,341 Reporting ____________________________________________ Person With (10) Shared Dispositive Power -0- -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned 546,341 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) 4.7% -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) OO (Limited Liability Company) -------------------------------------------------------------------------------- CUSIP No. 810202101 -------------------------------------------------------------------------------- 1. Name of Reporting Person WILLIAM D. SUMMITT -------------------------------------------------------------------------------- 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 546,341 Shares ____________________________________________ Beneficially (8) Shared Voting Power -0- Owned by ____________________________________________ Each (9) Sole Dispositive Power 546,341 Reporting ____________________________________________ Person With (10) Shared Dispositive Power -0- -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned 546,341 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) 4.7% -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) IN -------------------------------------------------------------------------------- ITEM 1. Security and Issuer a) Name of Issuer: Scott's Liquid Gold-Inc. b) Address of Issuer's Principal Executive Offices: 4880 Havana Street Denver, CO 80239 ITEM 2. Identity and Background The reporting person, William D. Summitt, 14839 Chancey Street, Addison, TX 75001, a natural person and United States citizen, is the sole portfolio manager of Golconda Capital Portfolio, LP and is the sole managing member of Golconda Capital Management, LLC (collectively "Golconda"). The principal business of Golconda is investing in securities. The principal business address of Golconda is 14839 Chancey Street, Addison, TX 75001. Golconda is organized under the laws of the state of Texas. None of the entities or persons identified in this Item 2 has, during the past five years, been convicted of any criminal proceeding (excluding traffic violations or similar misdemeanors), nor 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, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. ITEM 3. Source and Amount of Funds or Other Consideration The source of funds for the purchases of the securities for Golconda was the working capital of Golconda. The source of funds for the purchases of the securities for the personal account of Mr. Summitt were Mr. Summitt's personal funds. Total funds in the amount of $248,860 were used to effect these purchases. No part of the purchase price represents borrowed funds. ITEM 4. Purpose of Transaction The reporting person has acquired the shares for investment purposes. The reporting person has engaged in discussions with company management and the Board of Directors regarding various aspects of the business, including operations, corporate governance, and capital structure. The reporting person intends to review his investment in the company on a continual basis and engage in discussions with management and the Board of Directors concerning the governance, business, operations, and future plans of the company. Depending on various factors, including, without limitation, the company's financial position and investment strategy, the price levels of the common stock, conditions in the securities markets, and general economic and industry conditions, the reporting person may, in the future, take such actions with respect to his investment in the company as he deems appropriate including, without limitation, communicating with other stockholders, seeking Board representation, making proposals to the company concerning the capitalization and operations of the issuer, purchasing additional shares of common stock or selling some or all of his shares, or changing his intention with respect to any and all matters referred to in Item 4. ITEM 5. Interest in Securities of the Issuer As of November 13, 2014, the Issuer had 11,544,789 shares of Common Stock outstanding, based on the information contained in the Issuer's Form 10-Q for the quarter ended September 30, 2014 and filed November 14, 2014. As of the date hereof, Mr. Summitt and Golconda directly beneficially own 546,341 shares (4.7%) of the Issuer's Common Stock. Mr. Summitt and Golconda have sole direct voting and dispositive power over these shares. Mr. Summitt directly beneficially owns 16,600 shares of the Issuer's Common Stock. As the sole owner and managing member of Golconda Capital Management, LLC, which is the general partner of Golconda Capital Portfolio, LP, Mr. Summitt has sole indirect voting and dispositive power over the shares of Common Stock directly owned by Golconda. The transactions in the shares of Common Stock effected by Golconda and Mr. Summitt corresponding to this filing and completed in the past 60 days were ordinary brokerage transactions made in the open market and are indicated as follows: Golconda transactions: 11/14/14 sold 17,000 shares @ $0.84 11/13/14 sold 5,000 shares @ $0.81 11/11/14 sold 10,000 shares @ $0.81 10/30/14 sold 8,913 shares @ $0.83 10/28/14 sold 5,000 shares @ $0.82 10/15/14 sold 25,000 shares @ $0.75 Mr. Summitt's private account transactions: 11/13/14 bought 12,000 shares @ $0.83 11/10/14 bought 4,400 shares @ $0.81 11/04/14 bought 200 shares @ $0.78 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: November 21, 2014 GOLCONDA CAPITAL PORTFOLIO, LP /s/ William D. Summitt ------------------------- Name: William D. Summitt Title: Portfolio Manager, Golconda Capital Portfolio, LP GOLCONDA CAPITAL MANAGEMENT, LLC /s/ William D. Summitt ------------------------- Name: William D. Summitt Title: Managing Member, Golconda Capital Management, LLC WILLIAM D. SUMMITT ------------------------- /s/ WILLIAM D. SUMMITT Name: William D. Summitt