UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

Scott’s Liquid Gold-Inc.

 

(Name of Issuer)

 

Common Stock

 

(Title of Class of Securities)

 

810202101

 

(CUSIP Number)

 

May 3, 2024

 

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

x Rule 13d-1(b)
x Rule 13d-1(c)
o 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).

 

Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 
 
CUSIP No. 810202101 13G Page 2 of 8 Pages

             
1.

names of reporting persons

i.r.s. identification no. of above persons (entities only)

 

PRAETORIAN PR LLC
EIN: 66-0983992

 

2. check the appropriate box if a group*

(a) x

(b) o

3.

sec use only

 

 

4.

citizenship or place of organization

PUERTO RICO

 

number of
shares		 5. sole voting power 734,500
beneficially
owned by		 6. shared voting power 0
each
reporting		 7. sole dispositive power 734,500
person with: 8. shared dispostive power 0
9. aggregate amount beneficially owned by each reporting person 734,500
10. check box if the aggregate amount in row (9) excludes certain shares (See Instructions) o
11. percent of class represented by amount in row (9) 5.65%
12. type of reporting person (See Instructions) IA

 
 

CUSIP No. 810202101 13G Page 3 of 8 Pages

             
1.

names of reporting persons

i.r.s. identification no. of above persons (entities only)

 

HARRIS KUPPERMAN

 

2. check the appropriate box if a group*

(a) x

(b) o

3.

sec use only

 

 

4.

citizenship or place of organization

UNITED STATES OF AMERICA

 

number of
shares		 5. sole voting power 734,500
beneficially
owned by		 6. shared voting power 0
each
reporting		 7. sole dispositive power 734,500
person with: 8. shared dispostive power 0
9. aggregate amount beneficially owned by each reporting person 734,500
10. check box if the aggregate amount in row (9) excludes certain shares (See Instructions) o
11. percent of class represented by amount in row (9) 5.65%
12. type of reporting person (See Instructions) IN

 
 
CUSIP No. 810202101 13G Page 4 of 8 Pages

             
1.

names of reporting persons

i.r.s. identification no. of above persons (entities only)

 

PRAETORIAN CAPITAL FUND LLC
EIN: 83-2673762

 

2. check the appropriate box if a group*

(a) x

(b) o

3.

sec use only

 

 

4.

citizenship or place of organization

DELAWARE

 

number of
shares		 5. sole voting power 0
beneficially
owned by		 6. shared voting power 734,500
each
reporting		 7. sole dispositive power 0
person with: 8. shared dispostive power 734,500
9. aggregate amount beneficially owned by each reporting person 734,500
10. check box if the aggregate amount in row (9) excludes certain shares (See Instructions) o
11. percent of class represented by amount in row (9) 5.65%
12. type of reporting person (See Instructions) OO

 
 

CUSIP No. 810202101 13G Page 5 of 8 Pages

 

Item 1.
(a)  Name of Issuer: Scott’s Liquid Gold-Inc.
(b)  Address of Issuer’s Principal Executive Offices:

8400 E. Crescent Parkway, Suite 450

Greenwood Village, CO 90111

 
Item 2.
(a)  Name of Person Filing:

This Schedule 13G (the “Schedule”) is being filed with respect to shares of Common Stock (as defined below) of Scott’s Liquid Gold-Inc. (the “Issuer”) which are beneficially owned by Praetorian PR LLC (the “Advisor”), Praetorian Capital Fund LLC (the “Fund”), and Harris Kupperman (“Kupperman” and together with the Advisor and the Fund, collectively, the “Reporting Persons”). See Item 4 below.

     
(b)  Address of Principal Business Office or, if none, Residence:

Carr 429

Km 4.1, Bo. Barrero
Rincon, PR 00677

     

 

 (c)  Citizenship: The Advisor is organized in the Commonwealth of Puerto Rico. The Fund is a Delaware limited liability company. Kupperman is a United States Citizen.  
     
(d)  Title of Class of Securities: Common Stock
     
(e)  CUSIP Number: 810202101
           

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
  (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
  (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
  (c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
  (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).
  (e) x An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
  (f) o An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
  (g) o A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
  (h) o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
  (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
  (j) o Group, in accordance with §240.13d-1(b)(1)(ii)(J).

 
 

CUSIP No. 810202101 13G Page 6 of 8 Pages

 

Item 4. Ownership.

 

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

The Information required by Items 4(a) - (c) is set forth in Rows 5-11 of the cover page for each Reporting Person hereto and is incorporated by reference for each Reporting Person. The percentage ownership of the Reporting Persons is based on the 13,006,162 outstanding shares of Common Stock of the Issuer, as disclosed on the Issuer’s Annual Report on Form 10-K, for the period ending December 31, 2023, and the information reported on is current as of March 25, 2024.

 

Item 5.Ownership of Five Percent or Less of a Class.

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: o.

 

Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
 

Not applicable.

 

Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
 

Not applicable.

 
 

CUSIP No. 810202101 13G Page 7 of 8 Pages

   
Item 8. Identification and Classification of Members of the Group.
 

See Exhibit 2.

 

Item 9. Notice of Dissolution of Group.

 

Not applicable.

 

Item 10. Certification.
   
  The following certification shall be included if the statement is filed pursuant to §240.13d-1(b) with respect to Praetorian PR LLC:
   

(a)

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. x

   
  The following certification shall be included if the statement is filed pursuant to §240.13d-1(b) with respect to Praetorian Capital Fund LLC:
   

(b)

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. x

   
  The following certification shall be included if the statement is filed pursuant to §240.13d-1(c) with respect to Harris Kupperman:
   
(c) 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. x

 
 

CUSIP No. 810202101 13G Page 8 of 8 Pages

 

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.

 

  May 13, 2024
  Date
   
  Praetorian PR LLC
  By: /s/ Harris Kupperman
  Name: Harris Kupperman
  Title: Owner
   
  May 13, 2024
   
  Praetorian Capital Fund LLC
  By: Praetorian Capital Management LLC, its manager
  By: /s/ Harris Kupperman
  Name: Harris Kupperman
  Title: Owner
   
  May 13, 2024
   
Harris Kupperman
  By: /s/ Harris Kupperman
  Name: Harris Kupperman

 

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

 

NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties for whom copies are to be sent.

 

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(f) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of this Schedule 13G (including amendments thereto) with respect to the Common Stock of Scott’s Liquid Gold-Inc. and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filing.  In evidence thereof, the undersigned, hereby execute this Agreement this 13th day of May, 2024.

 

  Praetorian PR LLC
  By: /s/ Harris Kupperman
  Name: Harris Kupperman
  Title: Owner
   
  Praetorian Capital Fund LLC
  By: Praetorian Capital Management LLC, its manager
  By: /s/ Harris Kupperman
  Name: Harris Kupperman
  Title: Owner
   
  Harris Kupperman
  By: /s/ Harris Kupperman
  Name: Harris Kupperman
 

 

 

EXHIBIT 2

 

IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

 

PREAETORIAN PR LLC

HARRIS KUPPERMAN

PRAETORIAN CAPITAL FUND LLC

 

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