0001193125-20-025427.txt : 20200205 0001193125-20-025427.hdr.sgml : 20200205 20200205163502 ACCESSION NUMBER: 0001193125-20-025427 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200205 DATE AS OF CHANGE: 20200205 GROUP MEMBERS: FUNDAMENTAL CAPITAL, LLC GROUP MEMBERS: FUNKO INTERNATIONAL, LLC GROUP MEMBERS: KEVIN G. KEENLEY GROUP MEMBERS: RICHARD L. MCNALLY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Funko, Inc. CENTRAL INDEX KEY: 0001704711 STANDARD INDUSTRIAL CLASSIFICATION: GAMES, TOYS & CHILDREN'S VEHICLES (NO DOLLS & BICYCLES) [3944] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90343 FILM NUMBER: 20579253 BUSINESS ADDRESS: STREET 1: 2802 WETMORE AVE CITY: EVERETT STATE: WA ZIP: 98201 BUSINESS PHONE: 425-783-3616 MAIL ADDRESS: STREET 1: 2802 WETMORE AVE CITY: EVERETT STATE: WA ZIP: 98201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Fundamental Capital Partners, LLC CENTRAL INDEX KEY: 0001720908 IRS NUMBER: 264338095 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 4 EMBARCADERO CENTER STREET 2: SUITE 1400 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: (415) 782-0000 MAIL ADDRESS: STREET 1: 4 EMBARCADERO CENTER STREET 2: SUITE 1400 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 SC 13G/A 1 d875248dsc13ga.htm AMENDMENT NO. 1 TO SCHEDULE 13G Amendment No. 1 to Schedule 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

Funko, Inc.

(Name of Issuer)

Class A Common Stock, par value, $0.0001 per share

(Title of Class of Securities)

361008105

(CUSIP Number)

December 31, 2019

(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)

☐ 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).

 

 

 

CUSIP No. 361008105

    SCHEDULE 13G    PAGE 1 OF 7

 

  (1)   

Names of reporting persons:

 

Fundamental Capital, LLC

  (2)  

Check the appropriate box if a member of a group

(see instructions)

(a)  ☐        (b)  ☐

 

  (3)  

SEC use only

 

  (4)  

Citizenship or place of organization:

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

    (5)    

Sole voting power:

 

0

   (6)   

Shared voting power:

 

433,138

   (7)   

Sole dispositive power:

 

0

   (8)   

Shared dispositive power:

 

433,138

  (9)  

Aggregate amount beneficially owned by each reporting person:

 

433,138

(10)  

Check if the aggregate amount in row (9) excludes certain shares (see instructions):

 

☐

(11)  

Percent of class represented by amount in row (9):

 

1.2%

(12)  

Type of reporting person (see instructions):

 

OO

 

CUSIP No. 361008105    SCHEDULE 13G    PAGE 2 OF 7

 

  (1)   

Names of reporting persons:

 

Funko International, LLC

  (2)  

Check the appropriate box if a member of a group

(see instructions)

(a)  ☐        (b)  ☐

 

  (3)  

SEC use only

 

  (4)  

Citizenship or place of organization:

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

    (5)    

Sole voting power:

 

0

   (6)   

Shared voting power:

 

1,996,538

   (7)   

Sole dispositive power:

 

0

   (8)   

Shared dispositive power:

 

1,996,538

  (9)  

Aggregate amount beneficially owned by each reporting person:

 

1,996,538

(10)  

Check if the aggregate amount in row (9) excludes certain shares (see instructions):

 

☐

(11)  

Percent of class represented by amount in row (9):

 

5.4%

(12)  

Type of reporting person (see instructions):

 

OO

 

CUSIP No. 361008105    SCHEDULE 13G    PAGE 3 OF 7

 

  (1)   

Names of reporting persons:

 

Fundamental Capital Partners, LLC

  (2)  

Check the appropriate box if a member of a group

(see instructions)

(a)  ☐        (b)  ☐

 

  (3)  

SEC use only

 

  (4)  

Citizenship or place of organization:

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

    (5)    

Sole voting power:

 

0

   (6)   

Shared voting power:

 

2,429,676

   (7)   

Sole dispositive power:

 

0

   (8)   

Shared dispositive power:

 

2,429,676

  (9)  

Aggregate amount beneficially owned by each reporting person:

 

2,429,676

(10)  

Check if the aggregate amount in row (9) excludes certain shares (see instructions):

 

☐

(11)  

Percent of class represented by amount in row (9):

 

6.5%

(12)  

Type of reporting person (see instructions):

 

OO

 

CUSIP No. 361008105    SCHEDULE 13G    PAGE 4 OF 7

 

  (1)   

Names of reporting persons:

 

Kevin G. Keenley

  (2)  

Check the appropriate box if a member of a group

(see instructions)

(a)  ☐        (b)  ☐

 

  (3)  

SEC use only

 

  (4)  

Citizenship or place of organization:

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

    (5)    

Sole voting power:

 

0

   (6)   

Shared voting power:

 

2,429,676

   (7)   

Sole dispositive power:

 

0

   (8)   

Shared dispositive power:

 

2,429,676

  (9)  

Aggregate amount beneficially owned by each reporting person:

 

2,429,676

(10)  

Check if the aggregate amount in row (9) excludes certain shares (see instructions):

 

☐

(11)  

Percent of class represented by amount in row (9):

 

6.5%

(12)  

Type of reporting person (see instructions):

 

IN

 

CUSIP No. 361008105    SCHEDULE 13G    PAGE 5 OF 7

 

  (1)   

Names of reporting persons:

 

Richard L. McNally

  (2)  

Check the appropriate box if a member of a group

(see instructions)

(a)  ☐        (b)  ☐

 

  (3)  

SEC use only

 

  (4)  

Citizenship or place of organization:

 

Delaware

Number of

shares

beneficially

owned by

each

reporting

person

with

    (5)    

Sole voting power:

 

0

   (6)   

Shared voting power:

 

2,429,676

   (7)   

Sole dispositive power:

 

0

   (8)   

Shared dispositive power:

 

2,429,676

  (9)  

Aggregate amount beneficially owned by each reporting person:

 

2,429,676

(10)  

Check if the aggregate amount in row (9) excludes certain shares (see instructions):

 

☐

(11)  

Percent of class represented by amount in row (9):

 

6.5%

(12)  

Type of reporting person (see instructions):

 

IN

CUSIP No. 361008105    SCHEDULE 13G    PAGE 6 OF 7

 

Item 1(a).    Name of issuer:
  

Funko, Inc. (the “Issuer”)

Item 1(b).    Address of issuer’s principal executive offices:
  

2802 Wetmore Avenue

Everett, Washington 98201

Item 2(a).    Name of person filing:
  

This Amendment No. 1 to Schedule 13G is being filed by: (i) Fundamental Capital, LLC a Delaware limited liability company (“Fundamental Capital”), (ii) Funko International, LLC, a Delaware limited liability company (“Funko International”), (iii) Fundamental Capital Partners, LLC, a Delaware limited liability company (“FCP”), (iv) Kevin G. Keenley, and (v) Richard L. McNally (all of the foregoing, collectively, the “Reporting Persons”).

  

Fundamental Capital is the Manager of Funko International, and FCP is the Manager of Fundamental Capital. Richard McNally and Kevin Keenley are the sole members of and hold voting membership interests in FCP.

Item 2(b).    Address of principal business office or, if none, residence:
  

The principal business office of the Reporting Persons is:

 

4 Embarcadero Center

Suite 1400

San Francisco, CA 94111

Item 2(c).   

Citizenship:

  

Fundamental Capital, Funko International, and FCP are limited liability companies organized in Delaware.

 

Kevin G. Keenley and Richard L. McNally are citizens of the United States.

Item 2(d).   

Title of Class of Securities:

  

Class A Common Stock, par value $0.0001 per share (“Class A Common Stock”)

Item 2(e).   

CUSIP No.:

  

361008105

Item 3.   

Not Applicable.

Item 4.   

Ownership

  

The ownership information below represents beneficial ownership by the Reporting Persons of Class A Common Stock of the Issuer as of December 31, 2019, based upon 34,900,625 shares of Class A Common Stock outstanding as of October 29, 2019, as reported by the Issuer in its Quarterly Report on Form 10-Q for the period ended September 30, 2019 filed with the Securities and Exchange Commission on October 31, 2019, and assumes the conversion of Common Units (“Common Units”) of Funko Acquisition Holdings, L.L.C. beneficially owned by the respective Reporting Persons into shares of Class A Common Stock on a one-for-one basis.

CUSIP No. 361008105    SCHEDULE 13G    PAGE 7 OF 7

 

Reporting Person

    Amount
beneficially
owned:		      Percent
of class:		     Sole
power
to vote
or to
direct
the vote:		      Shared
power to
vote or to
direct the
vote:		      Sole
power to
dispose or
to direct
the
disposition
of:		      Shared
power to
dispose or
to direct
the
disposition
of:		  

Fundamental Capital

      433,138        1.2 %      0        433,138        0        433,138  

Funko International

      1,996,538        5.4 %      0        1,996,538        0        1,996,538  

FCP

      2,429,676        6.5 %      0        2,429,676        0        2,429,676  

Kevin G. Keenley

      2,429,676        6.5 %      0        2,429,676        0        2,429,676  

Richard L. McNally

      2,429,676        6.5 %      0        2,429,676        0        2,429,676  

 

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

Fundamental Capital has ceased to be the beneficial owner of more than five percent of the Class A Common Stock of the Issuer.

  

Funko International, FCP, Kevin G. Keenley, and Richard L. McNally each remain the beneficial owner of more than five percent of Class A Common Stock of the Issuer.

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.

Item 8.    Identification and Classification of Members of the Group
  

Not Applicable.

Item 9.    Notice of Dissolution of Group
  

Not Applicable.

Item 10.    Certification
  

Not Applicable.

EXHIBIT INDEX

 

Exhibit No.

   

Document

99.1    Joint Filing Agreement, dated February 12, 2018, among the Reporting Persons (incorporated by reference to Exhibit 99.1 to the Reporting Persons’ Schedule 13G filed on February 12, 2018)

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.

 

  Fundamental Capital, LLC
February 4, 2020   By:  

/s/ Kevin G. Keenley

  Name:   Kevin G. Keenley
  Title:  

Member, Fundamental Capital Partners,

LLC

  Funko International, LLC
February 4, 2020   By:  

/s/ Kevin G. Keenley

  Name:   Kevin G. Keenley
  Title:  

Member, Fundamental Capital Partners,

LLC

  Fundamental Capital Partners, LLC
February 4, 2020   By:  

/s/ Kevin G. Keenley

  Name:   Kevin G. Keenley
  Title:  

Member, Fundamental Capital Partners,

LLC

February 4, 2020   By:  

/s/ Kevin G. Keenley

  Name:   Kevin G. Keenley
February 4, 2020   By:  

/s/ Richard L. McNally

  Name:   Richard L. McNally

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)