Schedule 13D Amendment No. 8

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 8)*

 

 

 

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)

 

September 21, 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 9

 

  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

 

487,723

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

487,723

   10.   

Shared Dispositive Power

 

0

  11. 

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

487,723

  12. 

 

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

 

  13. 

 

Percent of Class Represented by Amount in Row (11)

 

7.9%

  14. 

 

Type of Reporting Person (See Instructions)

 

OO

 


CUSIP No. 074014101   Page 3 of 9

 

  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

 

118,203

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

118,203

   10.   

Shared Dispositive Power

 

0

  11. 

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

118,203

  12. 

 

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

 

  13. 

 

Percent of Class Represented by Amount in Row (11)

 

1.9%

  14. 

 

Type of Reporting Person (See Instructions)

 

PN

 


CUSIP No. 074014101   Page 4 of 9

 

  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

 

605,926

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

605,926

   10.   

Shared Dispositive Power

 

0

  11. 

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

605,926

  12. 

 

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

 

  13. 

 

Percent of Class Represented by Amount in Row (11)

 

9.9%

  14. 

 

Type of Reporting Person (See Instructions)

 

IA, CO

 


CUSIP No. 074014101   Page 5 of 9

 

  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

 

605,926

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

605,926

   10.   

Shared Dispositive Power

 

0

  11. 

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

605,926

  12. 

 

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

 

  13. 

 

Percent of Class Represented by Amount in Row (11)

 

9.9%

  14. 

 

Type of Reporting Person (See Instructions)

 

IN

 


CUSIP No. 074014101   Page 6 of 9

 

  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

 

487,723

     8.   

Shared Voting Power

 

0

     9.   

Sole Dispositive Power

 

487,723

   10.   

Shared Dispositive Power

 

0

  11. 

 

Aggregate Amount Beneficially Owned by Each Reporting Person

 

487,723

  12. 

 

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

 

  13. 

 

Percent of Class Represented by Amount in Row (11)

 

7.9%

  14. 

 

Type of Reporting Person (See Instructions)

 

IN

 


This Amendment No. 8 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 September 21, 2012, the Reporting Persons may be deemed to beneficially own 605,926 shares of Common Stock (which represents approximately 9.9% of the outstanding Common Stock based upon information contained in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2012).

(b)

 

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

LKCM Private Discipline Master Fund, SPC

     487,723         0         487,723         0   

LKCM Investment Partnership, L.P.

     118,203         0         118,203         0   

Luther King Capital Management Corporation

     605,926         0         605,926         0   

J. Luther King, Jr.

     605,926         0         605,926         0   

J. Bryan King

     487,723         0         487,723         0   

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

 

Name

   Date      Shares
Sold
     Price  

LIP

     7/2/2012         257       $ 6.0037   

LIP

     7/2/2012         55       $ 6.0500   

PDP

     7/2/2012         685       $ 6.0037   

PDP

     7/2/2012         145       $ 6.0500   

LIP

     7/3/2012         400       $ 6.0040   

PDP

     7/3/2012         1,065       $ 6.0040   

LIP

     7/5/2012         1,304       $ 6.0129   

LIP

     7/5/2012         2,035       $ 6.0071   

PDP

     7/5/2012         3,470       $ 6.0129   

PDP

     7/5/2012         5,415       $ 6.0071   

LIP

     7/6/2012         61       $ 6.0220   

LIP

     7/6/2012         28       $ 6.0000   

PDP

     7/6/2012         161       $ 6.0220   

PDP

     7/6/2012         73       $ 6.0000   

LIP

     7/9/2012         80       $ 6.0000   

PDP

     7/9/2012         220       $ 6.0000   

LIP

     7/10/2012         1,110       $ 6.0064   

LIP

     7/10/2012         55       $ 6.0050   

PDP

     7/10/2012         2,955       $ 6.0064   

PDP

     7/10/2012         145       $ 6.0050   

LIP

     7/11/2012         118       $ 6.0000   

LIP

     7/11/2012         27       $ 6.0000   

PDP

     7/11/2012         313       $ 6.0000   

PDP

     7/11/2012         73       $ 6.0000   

LIP

     7/12/2012         1,065       $ 6.0018   

LIP

     7/12/2012         1,911       $ 6.0000   


Name

   Date      Shares
Sold
     Price  

LIP

     7/12/2012         603       $ 6.0019   

PDP

     7/12/2012         2,835       $ 6.0018   

PDP

     7/12/2012         5,086       $ 6.0000   

PDP

     7/12/2012         1,606       $ 6.0019   

LIP

     7/13/2012         680       $ 6.0000   

LIP

     7/13/2012         110       $ 6.0000   

PDP

     7/13/2012         1,811       $ 6.0000   

PDP

     7/13/2012         294       $ 6.0000   

LIP

     7/16/2012         119       $ 6.0000   

PDP

     7/16/2012         315       $ 6.0000   

LIP

     7/17/2012         109       $ 6.0188   

PDP

     7/17/2012         291       $ 6.0188   

LIP

     8/15/2012         245       $ 6.0000   

PDP

     8/15/2012         655       $ 6.0000   

LIP

     9/17/2012         8,000       $ 5.4100   

LIP

     9/17/2012         1,300       $ 5.4058   

LIP

     9/18/2012         1,100       $ 5.4000   

LIP

     9/20/2012         2,000       $ 5.3650   

LIP

     9/21/2012         6,129       $ 5.0018   

LIP

     9/21/2012         15,936       $ 5.0142   

(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: September 24, 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.