0001104659-20-069565.txt : 20200603
0001104659-20-069565.hdr.sgml : 20200603
20200603201231
ACCESSION NUMBER: 0001104659-20-069565
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200601
FILED AS OF DATE: 20200603
DATE AS OF CHANGE: 20200603
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Fundamental Global Investors, LLC
CENTRAL INDEX KEY: 0001591508
STATE OF INCORPORATION: NC
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13906
FILM NUMBER: 20941656
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
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Cerminara Kyle
CENTRAL INDEX KEY: 0001619991
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13906
FILM NUMBER: 20941657
MAIL ADDRESS:
STREET 1: C/O FUNDAMENTAL GLOBAL INVESTORS, LLC
STREET 2: 4201 CONGRESS STREET, SUITE 140
CITY: CHARLOTTE
STATE: NC
ZIP: 28209
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Johnson Lewis M
CENTRAL INDEX KEY: 0001619951
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13906
FILM NUMBER: 20941658
MAIL ADDRESS:
STREET 1: C/O FUNDAMENTAL GLOBAL INVESTORS, LLC
STREET 2: 4201 CONGRESS STREET, SUITE 140
CITY: CHARLOTTE
STATE: NC
ZIP: 28209
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MOGLIA JOSEPH H
CENTRAL INDEX KEY: 0001187586
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13906
FILM NUMBER: 20941659
MAIL ADDRESS:
STREET 1: AMERITRADE HOLDING CORP
STREET 2: 4211 S 102ND ST
CITY: OMAHA
STATE: NE
ZIP: 68127
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: BALLANTYNE STRONG, INC.
CENTRAL INDEX KEY: 0000946454
STANDARD INDUSTRIAL CLASSIFICATION: PHOTOGRAPHIC EQUIPMENT & SUPPLIES [3861]
IRS NUMBER: 470587703
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 4201 CONGRESS STREET
STREET 2: SUITE 175
CITY: CHARLOTTE
STATE: NC
ZIP: 28209
BUSINESS PHONE: (704) 994-8279
MAIL ADDRESS:
STREET 1: 4201 CONGRESS STREET
STREET 2: SUITE 175
CITY: CHARLOTTE
STATE: NC
ZIP: 28209
FORMER COMPANY:
FORMER CONFORMED NAME: BALLANTYNE OF OMAHA INC
DATE OF NAME CHANGE: 19950608
4
1
tm2021776d1_4.xml
OWNERSHIP DOCUMENT
X0306
4
2020-06-01
0
0000946454
BALLANTYNE STRONG, INC.
BTN
0001591508
Fundamental Global Investors, LLC
4201 CONGRESS STREET, SUITE 140
CHARLOTTE
NC
28209
1
0
1
0
0001619991
Cerminara Kyle
C/O FUNDAMENTAL GLOBAL INVESTORS, LLC
4201 CONGRESS STREET, SUITE 140
CHARLOTTE
NC
28209
1
0
1
0
0001619951
Johnson Lewis M
C/O FUNDAMENTAL GLOBAL INVESTORS, LLC
4201 CONGRESS STREET, SUITE 140
CHARLOTTE
NC
28209
1
0
1
0
0001187586
MOGLIA JOSEPH H
C/O FUNDAMENTAL GLOBAL INVESTORS, LLC
4201 CONGRESS STREET, SUITE 140
CHARLOTTE
NC
28209
0
0
1
0
Common Stock, par value $0.01 per share
2020-06-01
4
P
0
13638
1.6957
A
1776391
I
Fundamental Activist Fund I, LP
Common Stock, par value $0.01 per share
2020-06-01
4
P
0
13638
1.6957
A
1791472
I
Fundamental Global Partners Master Fund, LP
Common Stock, par value $0.01 per share
2020-06-02
4
P
0
17200
1.757
A
1793591
I
Fundamental Activist Fund I, LP
Common Stock, par value $0.01 per share
2020-06-02
4
P
0
17200
1.757
A
1808672
I
Fundamental Global Partners Master Fund, LP
Common Stock, par value $0.01 per share
2020-06-03
4
P
0
12015
1.8138
A
77754
I
FGI Global Asset Allocation Master Fund, LP
Common Stock, par value $0.01 per share
2020-06-03
4
P
0
22314
1.8138
A
1830986
I
Fundamental Global Partners Master Fund, LP
Common Stock, par value $0.01 per share
853619
I
Fundamental Global Holdings, LP
Common Stock, par value $0.01 per share
34911
I
FGI Global Asset Allocation Fund, Ltd.
The funds managed by Fundamental Global Investors, LLC beneficially own in the aggregate 4,590,861 shares of Common Stock, which represents approximately 31.3% of the Company's outstanding shares of Common Stock. Fundamental Global Investors, LLC may be deemed to be a beneficial owner of the shares of Common Stock that are directly owned by Fundamental Global Partners Master Fund, LP ("FGPM"), Fundamental Global Holdings, LP ("FGHP"), FGI Global Asset Allocation Fund, Ltd. ("FGAA"), FGI Global Asset Allocation Master Fund, LP ("FGGM"), and Fundamental Activist Fund I, LP ("FAFI").
In addition, CWA Asset Management Group, LLC, of which 50% is owned by Fundamental Global Investors, LLC, holds 711,386 shares of Common Stock (excluding Messrs. Cerminara's, Johnson's and Moglia's shares held in CWA accounts) for the accounts of individual investors, which represents approximately 4.9% of the Company's outstanding shares of Common Stock. Mr. Moglia holds 636,291 shares of Common Stock directly and through the Moglia Family Foundation and trusts. Messrs. Cerminara and Johnson also hold additional shares of Common Stock.
Due to their positions with Fundamental Global Investors, LLC and affiliated entities, Messrs. D. Kyle Cerminara, Lewis M. Johnson and Joseph H. Moglia may be deemed to be beneficial owners of the shares of Common Stock disclosed as directly owned by FGPM, FGHP, FGAA, FGGM and FAFI. Each Reporting Person disclaims beneficial ownership of the shares referred to herein except to the extent of his or its pecuniary interest therein.
Shares purchased pursuant to a Rule 10b5-1 trading plan entered into by Fundamental Global Investors, LLC on behalf of the funds managed by it.
The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.62 and $1.72 per share. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.
The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.65 and $1.81 per share. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.
The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.73 and $1.84 per share. The Reporting Persons undertake to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.
FUNDAMENTAL GLOBAL INVESTORS, LLC /s/ D. Kyle Cerminara, Chief Executive Officer, Partner and Manager
2020-06-03
/s/ D. Kyle Cerminara
2020-06-03
/s/ Lewis M. Johnson
2020-06-03
/s/ Joseph H. Moglia
2020-06-03