0001144204-14-074471.txt : 20141217 0001144204-14-074471.hdr.sgml : 20141217 20141217161759 ACCESSION NUMBER: 0001144204-14-074471 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20141217 DATE AS OF CHANGE: 20141217 GROUP MEMBERS: FG PARTNERS GP, LLC GROUP MEMBERS: FUNDAMENTAL GLOBAL INVESTORS, LLC GROUP MEMBERS: FUNDAMENTAL GLOBAL PARTNERS GP, LLC GROUP MEMBERS: FUNDAMENTAL GLOBAL PARTNERS MASTER FUND, LP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RELM WIRELESS CORP CENTRAL INDEX KEY: 0000002186 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 593486297 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-10240 FILM NUMBER: 141292712 BUSINESS ADDRESS: STREET 1: 7100 TECHNOLOGY DRIVE CITY: WEST MELBOURNE STATE: FL ZIP: 32904 BUSINESS PHONE: 321-984-1414 MAIL ADDRESS: STREET 1: 7100 TECHNOLOGY DRIVE CITY: WEST MELBOURNE STATE: FL ZIP: 32904 FORMER COMPANY: FORMER CONFORMED NAME: ADAGE INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FUNDAMENTAL GLOBAL PARTNERS CENTRAL INDEX KEY: 0001557178 IRS NUMBER: 300734987 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 4201 CONGRESS STREET, SUITE 140 CITY: CHARLOTTE STATE: NC ZIP: 28209 BUSINESS PHONE: 704-323-6851 MAIL ADDRESS: STREET 1: 4201 CONGRESS STREET, SUITE 140 CITY: CHARLOTTE STATE: NC ZIP: 28209 SC 13D/A 1 v396676_sc13da.htm SC 13D/A

 

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

 

SCHEDULE 13D

(Rule 13d-101)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)

 

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

RELM WIRELESS CORPORATION
(Name of Issuer)
 
Common Stock, par value $0.60 per share
(Title of Class of Securities)
 
759525108
(CUSIP Number)
 

D. Kyle Cerminara

Fundamental Global Investors, LLC

4201 Congress Street, Suite 140

Charlotte, North Carolina 28209

(704) 323-6851

 

With a copy to:

 

Derek D. Bork

Thompson Hine LLP

3900 Key Center

127 Public Square

Cleveland, Ohio 44114

(216) 566-5500

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

 
October 23, 2014
(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 §§ 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 § 240.13d-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).

 

 
 

 

CUSIP No. 759525108 13D Page 2 of 8 Pages

  

1

NAME OF REPORTING PERSON

 

Fundamental Global Partners, LP

  
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 (a) ¨
(b) ¨
3

SEC USE ONLY

 

  
4

SOURCE OF FUNDS

 

WC

  
5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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

 

0

  8

SHARED VOTING POWER

 

536,465

  9

SOLE DISPOSITIVE POWER

 

0

 10

SHARED DISPOSITIVE POWER

 

536,465

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON

 

536,465

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

3.9%

  
14

TYPE OF REPORTING PERSON

 

PN

  

 

 
 

  

CUSIP No. 759525108 13D Page 3 of 8 Pages

 

1

NAME OF REPORTING PERSON

 

Fundamental Global Partners Master Fund, LP

  
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 (a) ¨
(b) ¨
3

SEC USE ONLY

 

  
4

SOURCE OF FUNDS

 

WC

  
5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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

 

0

  8

SHARED VOTING POWER

 

936,404

  9

SOLE DISPOSITIVE POWER

 

0

 10

SHARED DISPOSITIVE POWER

 

936,404

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON

 

936,404

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

6.9%

  
14

TYPE OF REPORTING PERSON

 

PN

  

 

 
 

  

CUSIP No. 759525108 13D Page 4 of 8 Pages

 

1

NAME OF REPORTING PERSON

 

Fundamental Global Partners GP, LLC

  
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 (a) ¨
(b) ¨
3

SEC USE ONLY

 

  
4

SOURCE OF FUNDS

 

AF

  
5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

 ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

North Carolina

  

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH		   7

SOLE VOTING POWER

 

0

  8

SHARED VOTING POWER

 

536,465

  9

SOLE DISPOSITIVE POWER

 

0

 10

SHARED DISPOSITIVE POWER

 

536,465

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON

 

536,465

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

3.9%

  
14

TYPE OF REPORTING PERSON

 

OO

  

 

 
 

  

CUSIP No. 759525108 13D Page 5 of 8 Pages

 

1

NAME OF REPORTING PERSON

 

FG Partners GP, LLC

  
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 (a) ¨
(b) ¨
3

SEC USE ONLY

 

  
4

SOURCE OF FUNDS

 

AF

  
5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

 ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Florida

  

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH		   7

SOLE VOTING POWER

 

0

  8

SHARED VOTING POWER

 

936,404

  9

SOLE DISPOSITIVE POWER

 

0

 10

SHARED DISPOSITIVE POWER

 

936,404

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON

 

936,404

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

6.9%

  
14

TYPE OF REPORTING PERSON

 

OO

  

 

 
 

  

CUSIP No. 759525108 13D Page 6 of 8 Pages

 

1

NAME OF REPORTING PERSON

 

Fundamental Global Investors, LLC

  
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 (a) ¨
(b) ¨
3

SEC USE ONLY

 

  
4

SOURCE OF FUNDS

 

AF

  
5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

 ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

North Carolina

  

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH		   7

SOLE VOTING POWER

 

0

  8

SHARED VOTING POWER

 

1,472,869

  9

SOLE DISPOSITIVE POWER

 

0

 10

SHARED DISPOSITIVE POWER

 

1,472,869

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON

 

1,472,869

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

 ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

10.8%

  
14

TYPE OF REPORTING PERSON

 

OO

  

 

 
 

  

CUSIP No. 759525108 13D Page 7 of 8 Pages

 

This Amendment No. 2 to Statement of Beneficial Ownership on Schedule 13D (this “Amendment No. 2”) amends the Statement of Beneficial Ownership on Schedule 13D filed by the Reporting Persons on September 3, 2014, as amended (as amended, the “Schedule 13D” or this “Statement”), with respect to the Common Stock, par value $0.60 per share (the “Common Stock”), of RELM Wireless Corporation, a Nevada corporation (the “Company”). Capitalized terms used but not defined in this Amendment No. 2 shall have the meanings set forth in the Schedule 13D. Except as amended and supplemented by this Amendment No. 2, the Schedule 13D remains unchanged.

 

Item 3. Source and Amount of Funds or Other Consideration.

 

The total cost for purchasing the Common Stock reported as owned by Fundamental Global Partners, LP and Fundamental Global Partners Master Fund, LP in this Statement, including brokerage commissions, was approximately $6,344,229.

 

Item 5. Interest in Securities of the Issuer.

(a)         The Reporting Persons beneficially own in the aggregate 1,472,869 shares of Common Stock, which represents approximately 10.8% of the Company’s outstanding shares of Common Stock.

 

Each of Fundamental Global Partners, LP and Fundamental Global Partners Master Fund, LP directly holds the number and percentage of shares of Common Stock disclosed as beneficially owned by it in the applicable table set forth on the cover page to this Statement. None of the other Reporting Persons directly hold any of the shares of Common Stock disclosed in this Statement.

 

In addition, CWA Asset Management Group, LLC (doing business as “Capital Wealth Advisors”) holds 15,125 shares of Common Stock for the accounts of individual investors, which represents approximately 0.1% of the Company’s outstanding shares of Common Stock. CWA Asset Management Group, LLC provides wealth management, estate planning and family office services to individual investors. The Investment Manager owns 50% of CWA Asset Management Group, LLC.

 

Each percentage ownership of shares of Common Stock set forth in this Statement is based on the 13,665,087 shares of Common Stock reported by the Company as outstanding as of October 27, 2014 in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 12, 2014.

  

(c)         The transactions effected by each of the Reporting Persons in the Common Stock between October 16, 2014 and December 14, 2014 are set forth on Schedule A to this Statement. Each of these transactions was effected through the open market.

 

(d)         Not applicable.

 

(e)         Not applicable.

 

 
 

 

CUSIP No. 759525108 13D Page 8 of 8 Pages

 

SIGNATURE

 

After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this Statement is true, complete and correct.

 

In accordance with Rule 13d-1(k)(1)(iii) 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 Statement on Schedule 13D with respect to the Common Stock of the Company.

 

Dated: December 17, 2014

 

FUNDAMENTAL GLOBAL PARTNERS, LP,
by Fundamental Global Partners GP, LLC, its general partner
 
/s/  D. Kyle Cerminara  
D. Kyle Cerminara  
Partner and Manager  
   
FUNDAMENTAL GLOBAL PARTNERS MASTER FUND, LP,
by FG Partners GP, LLC, its general partner
 
/s/  D. Kyle Cerminara  
D. Kyle Cerminara  
Manager  
 
FUNDAMENTAL GLOBAL PARTNERS GP, LLC
   
/s/  D. Kyle Cerminara  
D. Kyle Cerminara  
Partner and Manager  
 
FG PARTNERS GP, LLC
 
/s/  D. Kyle Cerminara  
D. Kyle Cerminara  
Manager  
 
FUNDAMENTAL GLOBAL INVESTORS, LLC
 
/s/  D. Kyle Cerminara  
D. Kyle Cerminara  
Chief Executive Officer, Partner and Manager
   
/s/  D. Kyle Cerminara  
D. Kyle Cerminara  
   
/s/  Lewis M. Johnson  
Lewis M. Johnson  
   
/s/  Joseph H. Moglia  
Joseph H. Moglia  

  

 
 

 

Schedule A

 

Transactions by Fundamental Global Partners, LP and Fundamental Global Partners Master Fund, LP

in the Common Stock between October 16, 2014 and December 14, 2014:

 

Fundamental Global Partners, LP:

 

Transaction Date  Number of Shares
Bought/(Sold)		  Price Per
Share ($)		 
10/17/2014  6,555   4.637409 
10/20/2014  1,381   4.671962 
10/21/2014  4,560   4.888684 
10/16/2014  3,600   4.354300 
10/22/2014  120   4.833333 
10/27/2014  1,320   5.358155 
10/28/2014  442   5.386200 
11/07/2014  99   4.956700 
11/13/2014  40   4.350000 
11/14/2014  (132)   4.580000 
11/20/2014  66   4.840000 
11/17/2014  2,200   4.442700 
12/11/2014  33   4.700000 
12/11/2014  (231)   4.638600 

 

Fundamental Global Partners Master Fund, LP:

 

Transaction Date  Number of Shares
Bought/(Sold)		  Price Per
Share ($)		 
10/17/2014  9,833   4.637407 
10/20/2014  13,991   4.605424 
10/21/2014  20,009   4.789173 
10/16/2014  5,900   4.354300 
10/22/2014  3,780   4.968640 
10/23/2014  7,900   5.089751 
10/24/2014  9,000   5.161424 
10/27/2014  12,062   5.227864 
10/28/2014  10,439   5.376462 
10/29/2014  32,800   5.515728 
10/30/2014  4,800   5.461298 
10/31/2014  15,900   5.425619 
11/03/2014  5,200   5.234048 
11/04/2014  200   5.320000 
11/05/2014  3,200   5.085576 
11/06/2014  18,000   4.951081 
11/07/2014  1,101   4.917617 
11/10/2014  200   4.935000 
11/11/2014  200   4.775000 
11/12/2014  100   4.600000 
11/13/2014  2,160   4.362542 
11/14/2014  (268)   4.580000 
11/14/2014  1,800   4.453333 
11/17/2014  2,200   4.442728 
11/18/2014  2,900   4.539910 
11/20/2014  4,407   4.752134 
11/21/2014  5,700   4.722737 
11/24/2014  6,700   4.794012 
11/25/2014  7,300   4.650415 
11/26/2014  14,800   4.823577 
11/28/2014  9,200   4.942176 
12/01/2014  100   4.920000 
12/02/2014  2,400   4.868746 
12/03/2014  600   4.925000 
12/08/2014  1,100   4.787273 
12/09/2014  1,100   4.774545 
12/10/2014  800   4.720000 
12/11/2014  (469)   4.638600 
12/11/2014  1,067   4.624086 
12/12/2014  600   4.645000