SC 13D/A 1 d127534dsc13da.htm SC 13D/A SC 13D/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)*

 

 

Inventure Foods, Inc.

(Name of Issuer)

Common Stock, $0.0001 par value

(Title of Class of Securities)

461212102

(CUSIP Number)

Jacob D. Smith

Principal, General Counsel & CCO

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)

January 20, 2016

(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 response 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. 461212102       Page 2 of 12

 

  1.   

Name of Reporting Persons.

 

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

 

1,178,000

     8.   

Shared Voting Power

 

0

     9.    

Sole Dispositive Power

 

1,178,000

   10.    

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,178,000

12.  

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

 

¨

13.  

Percent of Class Represented by Amount in Row (11)

 

6.0%

14.  

Type of Reporting Person (See Instructions)

 

OO

CUSIP No. 461212102       Page 3 of 12

 

  1.   

Name of Reporting Persons.

 

LKCM Micro-Cap 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

 

Delaware

Number of

Shares

Beneficially 

Owned by

Each

Reporting

Person

With

 

      7.    

Sole Voting Power

 

43,389

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

43,389

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

43,389

12.  

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

 

¨

13.  

Percent of Class Represented by Amount in Row (11)

 

0.2%

14.  

Type of Reporting Person (See Instructions)

 

PN

CUSIP No. 461212102       Page 4 of 12

 

  1.   

Name of Reporting Persons.

 

LKCM Core Discipline, 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

 

Delaware

Number of

Shares

Beneficially 

Owned by

Each

Reporting

Person

With

 

      7.    

Sole Voting Power

 

14,922

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

14,922

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

14,922

12.  

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

 

¨

13.  

Percent of Class Represented by Amount in Row (11)

 

0.1%

14.  

Type of Reporting Person (See Instructions)

 

PN

CUSIP No. 461212102       Page 5 of 12

 

  1.   

Name of Reporting Persons.

 

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

 

700,000

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

700,000

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

700,000

12.  

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

 

¨

13.  

Percent of Class Represented by Amount in Row (11)

 

3.6%

14.  

Type of Reporting Person (See Instructions)

 

PN

CUSIP No. 461212102       Page 6 of 12

 

  1.   

Name of Reporting Persons.

 

LKCM Investment Partnership II, 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

 

25,315

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

25,315

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

25,315

12.  

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

 

¨

13.  

Percent of Class Represented by Amount in Row (11)

 

0.1%

14.  

Type of Reporting Person (See Instructions)

 

PN

CUSIP No. 461212102       Page 7 of 12

 

  1.   

Name of Reporting Persons.

 

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

 

1,961,626

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

1,961,626

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,961,626

12.  

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

 

¨

13.  

Percent of Class Represented by Amount in Row (11)

 

10.0%

14.  

Type of Reporting Person (See Instructions)

 

IA, CO

CUSIP No. 461212102       Page 8 of 12

 

  1.   

Name of Reporting Persons.

 

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

 

1,969,981

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

1,969,981

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,969,981

12.  

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

 

¨

13.  

Percent of Class Represented by Amount in Row (11)

 

10.0%

14.  

Type of Reporting Person (See Instructions)

 

IN

CUSIP No. 461212102       Page 9 of 12

 

  1.   

Name of Reporting Persons.

 

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

 

1,236,311

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

1,236,311

   10.   

Shared Dispositive Power

 

0

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,236,311

12.  

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

 

¨

13.  

Percent of Class Represented by Amount in Row (11)

 

6.3%

14.  

Type of Reporting Person (See Instructions)

 

IN

This Amendment No. 4 to Schedule 13D amends and supplements the Schedule 13D filed by the Reporting Persons with respect to the Common Stock, par value $0.0001 per share (“Common Stock”), of Inventure Foods, Inc., a Delaware corporation (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 3. Source and Amount of Funds or Other Consideration

Item 3 is hereby supplemented as follows:

PDP acquired an additional 150,000 shares of Common Stock in open market transactions for an aggregate purchase price of approximately $827,000 using working capital. Micro acquired an additional 6,839 shares of Common Stock in open market transactions for an aggregate purchase price of approximately $39,000 using working capital. Core acquired an additional 3,375 shares of Common Stock in open market transactions for an aggregate purchase price of approximately $19,000 using working capital. LIP acquired 50,000 shares of Common Stock in open market transactions for an aggregate purchase price of approximately $361,000 using working capital. LIP2 acquired 1,740 shares of Common Stock in open market transactions for an aggregate purchase price of approximately $13,000 using working capital. J. Luther King, Jr. acquired 3,500 shares of Common Stock in open market transactions for an aggregate purchase price of approximately $25,000 using personal funds.

Item 5. Interest in Securities of the Issuer

Item 5 is hereby amended and restated as follows:

(a) As of January 20, 2016, the Reporting Persons may be deemed to beneficially own 1,969,981shares of Common Stock (which represents approximately 10.0% of the outstanding Common Stock based upon information contained in the Issuer’s Form 10-Q for the period ended September 26, 2015).

 

(b)

 

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

PDP

      1,178,000         0         1,178,000         0   

Micro

      43,389         0         43,389         0   

Core

      14,922         0         14,922         0   

LIP

      700,000         0         700,000         0   

LIP2

      25,315         0         25,315         0   

LKCM

      1,961,626         0         1,961,626         0   

J. Luther King, Jr.

      1,969,981         0         1,969,981         0   

J. Bryan King

      1,236,311         0         1,236,311         0   

(c) Since the most recent filing of Schedule 13D, the Reporting Persons purchased the following shares of Common Stock in open market transactions.

 

Date

    Reporting Person    Shares Purchased      Price  

12/15/2015

    LIP      50,000       $ 7.185   

12/15/2015

    LIP2      1,740       $ 7.185   

12/15/2015

    L King      3,500       $ 7.150   

01/19/2016

    PDP      61,487       $ 5.521   

01/20/2016

    PDP      88,513       $ 5.463   

01/20/2016

    Micro      6,839       $ 5.663   

01/20/2016

    Core      3,375       $ 5.663   

(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: January 21, 2016

 

LKCM Private Discipline Master Fund, SPC
By:   LKCM Private Discipline Management, L.P., sole holder of its management shares
By:   LKCM Alternative Management, LLC, its general partner
By:  

/s/ J. Bryan King

  J. Bryan King, President
LKCM Micro-Cap Partnership, L.P.
By:   LKCM Micro-Cap Management, L.P., its general partner
By:   LKCM Alternative Management, LLC, its general partner
By:  

/s/ J. Bryan King

  J. Bryan King, President
LKCM Core Discipline, L.P.
By:   LKCM Core Discipline Management, L.P., its general partner
By:   LKCM Alternative Management, LLC, its general partner
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.
LKCM Investment Partnership II, L.P.
By:   LKCM Investment Partnership GP, LLC, its general partner
By:  

/s/ J. Luther King, Jr.

  J. Luther King, Jr.

Luther King Capital Management Corporation
By:  

/s/ J. Bryan King

  J. Bryan King, Principal and Vice President

/s/ J. Bryan King

J. Bryan King

/s/ J. Luther King, Jr.

J. Luther King, Jr.