UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment No. 1)*
Under the Securities Exchange Act of 1934
ROCKY BRANDS, INC.
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(Name of Issuer)
Common Stock, no par value
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(Title of Class of Securities)
774515100
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(CUSIP Number)
December 31, 2006
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
13G is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 the
disclosures provided in a prior cover page.
The information required in 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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CUSIP No. 774515100
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY).
WS Capital, L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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5 SOLE VOTING POWER
251,600
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NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 251,600
WITH -----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
251,600
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.7%*
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12 TYPE OF REPORTING PERSON
HC/OO
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* Based on 5,405,218 shares issued and outstanding as of November 2, 2006, as
reported by the issuer in its Quarterly Report on Form 10-Q for the quarterly
period ended on September 30, 2006.
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CUSIP No. 774515100
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY).
WS Capital Management, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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5 SOLE VOTING POWER
251,600
-----------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 251,600
WITH -----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
251,600
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.7%*
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12 TYPE OF REPORTING PERSON
IA/PN
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* Based on 5,405,218 shares issued and outstanding as of November 2, 2006, as
reported by the issuer in its Quarterly Report on Form 10-Q for the quarterly
period ended on September 30, 2006.
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CUSIP No. 774515100
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY).
WSV Management, L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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5 SOLE VOTING POWER
114,090
-----------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 114,090
WITH -----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
114,090
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.1%*
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12 TYPE OF REPORTING PERSON
IA/OO
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* Based on 5,405,218 shares issued and outstanding as of November 2, 2006, as
reported by the issuer in its Quarterly Report on Form 10-Q for the quarterly
period ended on September 30, 2006.
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CUSIP No. 774515100
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY).
WS Ventures Management, L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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5 SOLE VOTING POWER
114,090
-----------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 114,090
WITH -----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
114,090
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.1%*
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
HC/PN
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* Based on 5,405,218 shares issued and outstanding as of November 2, 2006, as
reported by the issuer in its Quarterly Report on Form 10-Q for the quarterly
period ended on September 30, 2006.
--------------------------------------------------------------------------------
CUSIP No. 774515100
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY).
Reid S. Walker
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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5 SOLE VOTING POWER
365,690
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NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 365,690
WITH -----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
365,690
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.8%*
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12 TYPE OF REPORTING PERSON
HC/IN
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* Based on 5,405,218 shares issued and outstanding as of November 2, 2006, as
reported by the issuer in its Quarterly Report on Form 10-Q for the quarterly
period ended on September 30, 2006.
--------------------------------------------------------------------------------
CUSIP No. 774515100
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY).
G. Stacy Smith
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
365,690
-----------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 365,690
WITH -----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
365,690
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.8%*
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12 TYPE OF REPORTING PERSON
HC/IN
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* Based on 5,405,218 shares issued and outstanding as of November 2, 2006, as
reported by the issuer in its Quarterly Report on Form 10-Q for the quarterly
period ended on September 30, 2006.
--------------------------------------------------------------------------------
CUSIP No. 774515100
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY).
Patrick P. Walker
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |X|
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
114,090
-----------------------------------------------------------------
NUMBER OF 6 SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY -----------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 114,090
WITH -----------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
114,090
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.1%*
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
HC/IN
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* Based on 5,405,218 shares issued and outstanding as of November 2, 2006, as
reported by the issuer in its Quarterly Report on Form 10-Q for the quarterly
period ended on September 30, 2006.
This Schedule 13G relates to the common stock ("Common Stock") of ROCKY
BRANDS, INC. acquired by (i) WS Capital, L.L.C., a Texas limited liability
company ("WS Capital"), for the account of (1) Walker Smith Capital, L.P.,
a Texas limited partnership ("WSC"), (2) Walker Smith Capital (Q.P.),
L.P., a Texas limited partnership ("WSCQP"), (3) Walker Smith
International Fund, Ltd., a British Virgin Islands exempted company ("WS
International"), and (4) HHMI Investments, L.P., a Delaware limited
partnership ("HHMI"), and (ii) WSV Management, L.L.C., a Texas limited
liability company ("WSV"), for the account of (1) WS Opportunity Fund,
L.P., a Texas limited partnership ("WSO"), (2) WS Opportunity Fund (Q.P.),
L.P., a Texas limited partnership ("WSOQP"), and (3) WS Opportunity Fund
International, Ltd., a Cayman Islands exempted company ("WSO
International"). WS Capital is the general partner of WS Capital
Management, L.P., a Texas limited partnership ("WSC Management"), which is
the general partner of WSC and WSCQP and the investment manager for WS
International and HHMI. WSV is the general partner of WS Ventures
Management, L.P., a Texas limited partnership ("WSVM"), which is the
general partner of WSO and WSOQP and the agent and attorney-in-fact for
WSO International. Reid S. Walker and G. Stacy Smith are principals of WS
Capital and WSV, and Patrick P. Walker is a principal of WSV. Each of the
reporting persons hereby expressly disclaims membership in a "group" under
Section 13(d) of the Securities Exchange Act of 1934 and the rules and
regulations thereunder with respect to the shares of Common Stock reported
herein, and this Schedule 13G shall not be deemed to be an admission that
any such reporting person is a member of such a group.
Item 1(a). Name of Issuer: ROCKY BRANDS, INC.
Item 1(b). Address of Issuer's Principal Executive Offices:
39 East Canal Street
Nelsonville, Ohio 45764
Item 2(a). Name of Person Filing:
See Item 1 of each cover page.
Item 2(b). Address of Principal Business Office or if none, Residence:
300 Crescent Court, Suite 1111
Dallas, Texas 75201
Item 2(c). Citizenship: See Item 4 of each cover page.
Item 2(d). Title of Class of Securities: Common stock, no par value
Item 2(e). CUSIP Number: 774515100
Item 3. Not Applicable
Item 4. Ownership:
(a) Amount Beneficially Owned:
Reid S. Walker and G. Stacy Smith are the beneficial owners of
365,690 shares of Common Stock, which includes (i) 251,600
shares beneficially owned by WS Capital and WSC Management for
the accounts of WSC, WSCQP and WS International and HHMI and
(ii) 114, 090 shares beneficially owned by WSV and WSVM for
the accounts of WSO, WSOQP, WSO International.
Patrick P. Walker is the beneficial owner of 114, 090 shares
of Common Stock, reflecting 114, 090 shares beneficially owned
by WSV and WSVM for the accounts of WSO, WSOQP and WSO
International.
WS Capital and WSC Management are the beneficial owners of
251,600 shares of Common Stock for the accounts of WSC, WSCQP,
WS International and HHMI.
WSV and WSVM are the beneficial owners of 114, 090 shares of
Common Stock for the accounts of WSO, WSOQP and WSO
International.
(b) Percent of Class: See Item 11 of each cover page.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: See Item 5 of
each cover page.
(ii) shared power to vote or to direct the vote: See Item 6
of each cover page.
(iii) sole power to dispose or to direct the disposition of:
See Item 7 of each cover page.
(iv) shared power to dispose or to direct the disposition of:
See Item 8 of each cover page.
Item 5. Ownership of Five Percent or Less of a Class: Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person: Not applicable.
Item 7. Identification and Classification of Subsidiary Which Acquired
the Securities:
WSC Management is an investment adviser registered with the
Securities and Exchange Commission and, as such, has
beneficial ownership of the securities held by its clients,
WSC, WSCQP, WS International and HHMI. WS Capital is the
general partner of WSC Management. Reid S. Walker and G. Stacy
Smith are the sole principals of WS Capital, and therefore
exercise investment discretion and control with respect to the
shares of Common Stock beneficially owned by WSC Management's
clients.
WSV is an investment adviser registered with the Securities
and Exchange Commission and is the general partner of WSVM
and, as such, has beneficial ownership of the securities held
by its clients, WSO, WSOQP and WSO International. Reid S.
Walker, G. Stacy Smith and Patrick P. Walker are the sole
principals of WSV, and therefore exercise investment
discretion and control with respect to the shares of Common
Stock beneficially owned by WSV's clients.
Item 8. Identification and Classification of Members of the Group:
Not applicable.
Item 9. Notice of Dissolution of Group: Not applicable.
Item 10. Certification:
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing the control of
the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose or
effect.
SIGNATURE
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.
February 9, 2007
WS CAPITAL, L.L.C.
By: /s/ Reid S. Walker
-------------------------------------------
Reid S. Walker, Member
WS CAPITAL MANAGEMENT, L.P.
By: WS Capital, L.L.C., its general partner
By: /s/ Reid S. Walker
-------------------------------------------
Reid S. Walker, Member
WSV MANAGEMENT, L.L.C.
By: /s/ Reid S. Walker
-------------------------------------------
Reid S. Walker, Member
WS VENTURES MANAGEMENT, L.P.
By: WSV Management, L.L.C., its general partner
By: /s/ Reid S. Walker
-------------------------------------------
Reid S. Walker, Member
/s/ Reid S. Walker
-----------------------------------------------
REID S. WALKER
/s/ G. Stacy Smith
-----------------------------------------------
G. STACY SMITH
/s/ Patrick P. Walker
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PATRICK P. WALKER
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001)
EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act
of 1934, as amended, the persons named below agree to the joint filing on behalf
of each of them a Statement on Schedule 13G (including amendments thereto) with
regard to the common stock of ROCKY BRANDS, INC. and further agree that this
Joint Filing Agreement be included as an Exhibit to such joint filings. In
evidence thereof, the undersigned, being duly authorized, hereby execute this
Joint Filing Agreement as of February 9, 2007.
WS CAPITAL, L.L.C.
By: /s/ Reid S. Walker
-------------------------------------------
Reid S. Walker, Member
WS CAPITAL MANAGEMENT, L.P.
By: WS Capital, L.L.C., its general partner
By: /s/ Reid S. Walker
-------------------------------------------
Reid S. Walker, Member
WSV MANAGEMENT, L.L.C.
By: /s/ Reid S. Walker
-------------------------------------------
Reid S. Walker, Member
WS VENTURES MANAGEMENT, L.P.
By: WSV Management, L.L.C., its general partner
By: /s/ Reid S. Walker
-------------------------------------------
Reid S. Walker, Member
/s/ Reid S. Walker
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REID S. WALKER
/s/ G. Stacy Smith
-----------------------------------------------
G. STACY SMITH
/s/ Patrick P. Walker
-----------------------------------------------
PATRICK P. WALKER