0001193125-12-229943.txt : 20120514 0001193125-12-229943.hdr.sgml : 20120514 20120514094316 ACCESSION NUMBER: 0001193125-12-229943 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120514 DATE AS OF CHANGE: 20120514 GROUP MEMBERS: J. BRYAN KING GROUP MEMBERS: J. LUTHER KING, JR. GROUP MEMBERS: LKCM INVESTMENT PARTNERSHIP, L.P. GROUP MEMBERS: LKCM PRIVATE DISCIPLINE MASTER FUND, SPC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BEASLEY BROADCAST GROUP INC CENTRAL INDEX KEY: 0001099160 STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832] IRS NUMBER: 650960915 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-60309 FILM NUMBER: 12836762 BUSINESS ADDRESS: STREET 1: 3033 RIVIERA DRIVE STREET 2: SUITE 200 CITY: NAPLES STATE: FL ZIP: 34103 BUSINESS PHONE: 9412635000 MAIL ADDRESS: STREET 1: 3033 RIVIERA DRIVE STREET 2: SUITE 200 CITY: NAPLES STATE: FL ZIP: 34103 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KING LUTHER CAPITAL MANAGEMENT CORP CENTRAL INDEX KEY: 0000310051 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 75163030 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 301 COMMERCE SUITE 1600 CITY: FORT WORTH STATE: TX ZIP: 76102 BUSINESS PHONE: 8173323235 MAIL ADDRESS: STREET 1: 301 COMMERCE SUITE 1600 CITY: FORT WORTH STATE: TX ZIP: 76102 SC 13D/A 1 d352371dsc13da.htm AMENDMENT NO. 6 TO SCHEDULE 13D AMENDMENT NO. 6 TO SCHEDULE 13D

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 6)*

 

 

Beasley Broadcast Group, Inc.

(Name of Issuer)

 

 

Class A Common Stock, par value $0.001

(Title of Class of Securities)

074014101

(CUSIP Number)

Jacob D. Smith

General Counsel

Luther King Capital Management Corporation

301 Commerce Street, Suite 1600

Fort Worth, Texas 76102

(817) 332-3235

(Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications)

May 11, 2012

(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 that 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.  ¨

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 13d-7 for other parties to whom copies are to be sent.

 

 

 

* 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 disclosures provided in a prior cover page.

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).

Persons who 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. 074014101   Page 2 of 8

 

  (1)   

Name of Reporting Persons

I.R.S. Identification Nos. of above persons (entities only).

 

LKCM Private Discipline Master Fund, SPC

  (2)  

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)  ¨

 

(b)  x

  (3)  

SEC Use Only

 

  (4)  

Source of Funds (See Instructions)

 

WC

  (5)  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e):

 

¨

  (6)  

Citizenship or Place of Organization

 

Cayman Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

      (7)    

Sole Voting Power

 

558,985

     (8)   

Shared Voting Power

 

0

     (9)   

Sole Dispositive Power

 

558,985

   (10)   

Shared Dispositive Power

 

0

(11)

  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

558,985

(12)

  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):

 

¨

(13)

  

Percent of Class Represented by Amount in Row (11)

 

9.1%

(14)

  

Type of Reporting Person (See Instructions)

 

OO

 

CUSIP No. 074014101   Page 3 of 8

 

  (1)   

Name of Reporting Persons

I.R.S. Identification Nos. of above persons (entities only).

 

LKCM Investment Partnership, L.P.

  (2)  

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)  ¨

 

(b)  x

  (3)  

SEC Use Only

 

  (4)  

Source of Funds (See Instructions)

 

WC

  (5)  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e):

 

¨

  (6)  

Citizenship or Place of Organization

 

Texas

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

      (7)    

Sole Voting Power

 

180,000

     (8)   

Shared Voting Power

 

0

     (9)   

Sole Dispositive Power

 

180,000

   (10)   

Shared Dispositive Power

 

0

(11)

  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

180,000

(12)

  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):

 

¨

(13)

  

Percent of Class Represented by Amount in Row (11)

 

2.9%

(14)

  

Type of Reporting Person (See Instructions)

 

PN

 

CUSIP No. 074014101   Page 4 of 8

 

  (1)   

Name of Reporting Persons

I.R.S. Identification Nos. of above persons (entities only).

 

Luther King Capital Management Corporation

  (2)  

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)  ¨

 

(b)  x

  (3)  

SEC Use Only

 

  (4)  

Source of Funds (See Instructions)

 

N/A

  (5)  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e):

 

¨

  (6)  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

      (7)    

Sole Voting Power

 

738,985

     (8)   

Shared Voting Power

 

0

     (9)   

Sole Dispositive Power

 

738,985

   (10)   

Shared Dispositive Power

 

0

(11)

  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

738,985

(12)

  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):

 

¨

(13)

  

Percent of Class Represented by Amount in Row (11)

 

12.0%

(14)

  

Type of Reporting Person (See Instructions)

 

IA, CO

 

CUSIP No. 074014101   Page 5 of 8

 

  (1)   

Name of Reporting Persons

I.R.S. Identification Nos. of above persons (entities only).

 

J. Luther King, Jr.

  (2)  

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)  ¨

 

(b)  x

  (3)  

SEC Use Only

 

  (4)  

Source of Funds (See Instructions)

 

N/A

  (5)  

Check 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

Shares

Beneficially

Owned by

Each

Reporting

Person

With

      (7)    

Sole Voting Power

 

738,985

     (8)   

Shared Voting Power

 

0

     (9)   

Sole Dispositive Power

 

738,985

   (10)   

Shared Dispositive Power

 

0

(11)

  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

738,985

(12)

  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):

 

    ¨

(13)

  

Percent of Class Represented by Amount in Row (11)

 

12.0%

(14)

  

Type of Reporting Person (See Instructions)

 

IN

 

CUSIP No. 074014101   Page 6 of 8

 

  (1)   

Name of Reporting Persons

I.R.S. Identification Nos. of above persons (entities only).

 

J. Bryan King

  (2)  

Check the Appropriate Box if a Member of a Group (See Instructions)

 

(a)  ¨

 

(b)  x

  (3)  

SEC Use Only

 

  (4)  

Source of Funds (See Instructions)

 

N/A

  (5)  

Check 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

Shares

Beneficially

Owned by

Each

Reporting

Person

With

      (7)    

Sole Voting Power

 

558,985

     (8)   

Shared Voting Power

 

0

     (9)   

Sole Dispositive Power

 

558,985

   (10)   

Shared Dispositive Power

 

0

(11)

  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

558,985

(12)

  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):

 

  ¨

(13)

  

Percent of Class Represented by Amount in Row (11)

 

9.1%

(14)

  

Type of Reporting Person (See Instructions)

 

IN

 

This Amendment No. 6 to Schedule 13D amends and supplements the Schedule 13D filed by the Reporting Persons with respect to the Class A Common Stock, par value $0.001 (“Common Stock”), of Beasley Broadcast Group, Inc. (the “Issuer”). Except as set forth below, all previous Items remain unchanged. Capitalized terms used herein but not defined herein shall have the meanings given to them in the Schedule 13D, as amended, filed with the Securities and Exchange Commission. Each of the Reporting Persons hereby expressly disclaims membership in a “group” under the Securities Exchange Act of 1934 with respect to the securities reported herein, and this Schedule 13D shall not be deemed to be an admission that any such Reporting Person is a member of such a group. Each of the Reporting Persons hereby expressly disclaims beneficial ownership of the securities reported herein, other than to the extent of its pecuniary interest therein, and this Schedule 13D shall not be deemed to be an admission that any such Reporting Person is the beneficial owner of the securities reported herein for purposes of the Securities Exchange Act of 1934 or for any other purpose.

Item 5. Interest in Securities of the Issuer

Item 5 is hereby amended and restated in its entirety as follows:

(a) As of May 11, 2012, the Reporting Persons may be deemed to beneficially own 738,985 shares of Common Stock (which represents approximately 12.0% of the outstanding Common Stock based upon information contained in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2012).

 

(b)

 

     Sole
Voting
Power		      Shared
Voting
Power		      Sole
Dispositive
Power		      Shared
Dispositive
Power		  

LKCM Private Discipline Master Fund, SPC

      558,985         0         558,985         0   

LKCM Investment Partnership, L.P.

      180,000         0         180,000         0   

Luther King Capital Management Corporation

      738,985         0         738,985         0   

J. Luther King, Jr.

      738,985         0         738,985         0   

J. Bryan King

      558,985         0         558,985         0   

(c) During the past sixty days, the Reporting Persons sold the following shares of Common Stock in open market transactions

 

Name

    Date      Shares Sold      Price  

LIP

      3/14/2012         500       $ 3.88   

LIP

      3/15/2012         400       $ 3.88   

LIP

      3/16/2012         500       $ 3.88   

LIP

      3/19/2012         4,718       $ 4.2557   

LIP

      3/20/2012         2,377       $ 4.1677   

LIP

      3/21/2012         100       $ 4.21   

LIP

      3/22/2012         2,805       $ 4.11   

PDP

      5/7/2012         4,600       $ 6.1   

PDP

      5/7/2012         5,347       $ 6.0127   

PDP

      5/8/2012         3,417       $ 6   

PDP

      5/9/2012         12,000       $ 6.006   

PDP

      5/9/2012         10,110       $ 6.0126   

PDP

      5/10/2012         4,000       $ 6.0001   

PDP

      5/10/2012         3,248       $ 6.0012   

PDP

      5/11/2012         4,064       $ 6   

 

(d) Not applicable.

 

(e) Not applicable.

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.

Date: May 11, 2012

 

LKCM Private Discipline Master Fund SPC

By:   LKCM Private Discipline Management, L.P., as holder of its management shares

By:   LKCM Alternative Management, LLC, its general partner

By:   LKCM Capital Group, LLC, its sole member

By:  

/s/ J. Bryan King

  J. Bryan King, President
LKCM Investment Partnership, L.P.

By:   LKCM Investment Partnership GP, LLC, its general partner

By:  

/s/ J. Luther King, Jr.

  J. Luther King, Jr., President
Luther King Capital Management Corporation
By:  

/s/ J. Luther King, Jr.

  J. Luther King, Jr., President

/s/ J. Bryan King

J. Bryan King

/s/ J. Luther King, Jr.

J. Luther King, Jr.