Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Ranger Energy Services, Inc.
(Name of Issuer)
Class A Common Stock, $0.01 par value per share
(Title of Class of Securities)
75282U104
(CUSIP Number)
September 19, 2022
(Date of Event Which Requires Filing of this statement)
Check the appropriate box to designate the rule pursuant to which this Schedule 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).
| Page 1 of 9 Pages |
CUSIP No. 75282U104
| 1. | Names of Reporting Persons |
Dialectic Capital Management LP
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) |
(a) ¨
(b) x
| 3. | SEC Use Only |
| 4. | Citizenship or Place of Organization |
Delaware
|
NUMBER OF
|
5. SOLE VOTING POWER | 407,857 |
| 6. SHARED VOTING POWER | 0 | |
| 7. SOLE DISPOSITIVE POWER | 407,857 | |
| 8. SHARED DISPOSITIVE POWER | 0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person |
407,857
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨ |
| 11. | Percent of Class Represented by Amount in Row (9) |
1.6%
| 12. | Type of Reporting Person (See Instructions) |
PN
| Page 2 of 9 Pages |
CUSIP No. 75282U104
| 1. | Names of Reporting Persons |
Dialectic Partners, LLC
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) |
(a) ¨
(b) x
| 3. | SEC Use Only |
| 4. | Citizenship or Place of Organization |
Delaware
|
NUMBER OF
|
5. SOLE VOTING POWER | 407,857 |
| 6. SHARED VOTING POWER | 0 | |
| 7. SOLE DISPOSITIVE POWER | 407,857 | |
| 8. SHARED DISPOSITIVE POWER | 0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person |
407,857
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨ |
| 11. | Percent of Class Represented by Amount in Row (9) |
1.6%
| 12. | Type of Reporting Person (See Instructions) |
OO
| Page 3 of 9 Pages |
CUSIP No. 75282U104
| 1. | Names of Reporting Persons |
Dialectic Geronimo SPV LLC
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) |
(a) ¨
(b) x
| 3. | SEC Use Only |
| 4. | Citizenship or Place of Organization |
Delaware
|
NUMBER OF
|
5. SOLE VOTING POWER | 407,857 |
| 6. SHARED VOTING POWER | 0 | |
| 7. SOLE DISPOSITIVE POWER | 407,857 | |
| 8. SHARED DISPOSITIVE POWER | 0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person |
407,857
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨ |
| 11. | Percent of Class Represented by Amount in Row (9) |
1.6%
| 12. | Type of Reporting Person (See Instructions) |
OO
| Page 4 of 9 Pages |
CUSIP No. 75282U104
| 1. | Names of Reporting Persons |
Dialectic Geronimo Manager LLC
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) |
(a) ¨
(b) x
| 3. | SEC Use Only |
| 4. | Citizenship or Place of Organization |
Delaware
|
NUMBER OF
|
5. SOLE VOTING POWER | 407,857 |
| 6. SHARED VOTING POWER | 0 | |
| 7. SOLE DISPOSITIVE POWER | 407,857 | |
| 8. SHARED DISPOSITIVE POWER | 0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person |
407,857
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨ |
| 11. | Percent of Class Represented by Amount in Row (9) |
1.6%
| 12. | Type of Reporting Person (See Instructions) |
OO
| Page 5 of 9 Pages |
CUSIP No. 75282U104
| 1. | Names of Reporting Persons |
John Fichthorn
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions) |
(a) ¨
(b) x
| 3. | SEC Use Only |
| 4. | Citizenship or Place of Organization |
United States of America
|
NUMBER OF
|
5. SOLE VOTING POWER | 581,940 |
| 6. SHARED VOTING POWER | 0 | |
| 7. SOLE DISPOSITIVE POWER | 581,940 | |
| 8. SHARED DISPOSITIVE POWER | 0 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person |
581,940
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨ |
| 11. | Percent of Class Represented by Amount in Row (9) |
2.3%
| 12. | Type of Reporting Person (See Instructions) |
IN
| Page 6 of 9 Pages |
Item 1.
| (a) | The name of the issuer is Ranger Energy Services, Inc. (the “Issuer”). |
| (b) | The principal executive offices of the Issuer are located at 10350 Richmond, Suite 550, Houston, TX 77042. |
Item 2.
| (a) | This Schedule 13G is filed by the following (the “Reporting Persons”): Dialectic Capital Management LP (the “Adviser”), Dialectic Partners, LLC (the “Adviser GP”), Dialectic Geronimo SPV LLC (“Geronimo”), Dialectic Geronimo Manager LLC (the “Geronimo MM”) and John Fichthorn. Geronimo is a private investment vehicle. The Adviser is the investment adviser for Geronimo. The Adviser GP is the general partner of the Adviser. The Geronimo MM is the managing member of Geronimo. John Fichthorn is the controlling person of the Adviser GP and the Geronimo MM. |
Geronimo directly owns the Common Stock (as defined below) reported herein, other than 174,083 shares owned directly by John Fichthorn.
The Adviser, the Adviser GP, the Geronimo MM and John Fichthorn may be deemed to beneficially own the Common Stock directly owned by Geronimo.
Each Reporting Person disclaims beneficial ownership of any Common Stock other than any Common Stock owned directly by such Reporting
Person.
| (b) | The principal business office of the Reporting Persons is 119 Rowayton Avenue, 2nd Floor, Norwalk, CT 06853. |
| (c) | For citizenship information see Item 4 of the cover page of each Reporting Person. |
| (d) | This statement relates to the Class A Common Stock, $0.01 par value per share, of the Issuer (the “Common Stock”). |
| (e) | The CUSIP Number of the Common Stock is 75282U104. |
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) | o | 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 | A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J); |
| (k) | o | Group, in accordance with §240.13d-1(b)(1)(ii)(K). |
| Page 7 of 9 Pages |
If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: ___________________
Item 4. Ownership.
See Items 5-9 and 11 on the cover page for each Reporting Person and Item 2, which information is given as of the close of business on the Event Date of September 19, 2022.
The percentage ownership of each Reporting Person is based on 24,817,028 shares of Common Stock outstanding as of July 31, 2022, as reported by the Issuer in its Form 10-Q filed with the Securities and Exchange Commission on August 3, 2022.
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: x
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.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
(a) Not applicable.
(b) Not applicable.
| (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, other than activities solely in connection with a nomination under §240.14a-11. |
| Page 8 of 9 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.
Dated: October 4, 2022
Dialectic Capital Management LP
Dialectic Partners, LLC
Dialectic Geronimo SPV LLC
Dialectic Geronimo Manager LLC
John Fichthorn
| By: | /s/ John Fichthorn |
Name: John Fichthorn
Title: Authorized Signatory
| Page 9 of 9 Pages |