There may be some debate as to whether activist shareholders are good for the long-term health of companies, but there is no debating their results. In 2012, 2013, and 2014, activist investment strategies returned 9.3%, 19.2%, and 8.5% respectively per year. While new activist positions may not be moving the needle quite as much as they once were, the market still values activist involvement in companies. In this article, we reveal one of the latest activist filings, issued by Attiva Capital Partners, Ltd., disclosing the latest information regarding the activist’s position in Spanish Broadcasting System Inc (NASDAQ:SBSA), which reveals that the firm owns no shares of the company. The filing is embedded in its entirety below and on the following pages.
You can access the original SEC filing by clicking here.
Page 1 of 5 SEC Filing
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
INFORMATION TP 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
| SPANISH BROADCASTING SYSTEMS, INC. |
| (Name of Issuer) |
| Class A Class A Common Stock, Par Value $0.0001 per share |
| (Title of Class of Securities) |
| 846425833 |
| (CUSIP Number) |
| Attiva Capital Partners Ltd. |
| Vanterpool Plaza, 2nd Floor, Wickhams Cay I, Road Town, Tortola, British Virgin Islands. |
| (Name, Address and Telephone Number of Person |
| Authorized to Receive Notices and Communications) |
| January 19, 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 Rule 13d-1(e), 13d-1(f) or 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 Rule 13d-7(b) 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).
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Page 2 of 5 SEC Filing
| CUSIP NO. 846425882 | SCHEDULE 13D | |||||
| 1 | NAME OF REPORTING PERSON | |||||
| S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | ||||||
| ATTIVA CAPITAL PARTNERS LTD | ||||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ☒ | ||||
| (b) ☐ | ||||||
| 3 | SEC USE ONLY | |||||
| 4 | SOURCE OF FUNDS | |||||
| WC | ||||||
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) | ☐ | ||||
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | |||||
| BRITISH VIRGIN ISLANDS (BVI) | ||||||
| 7 | SOLE VOTING POWER | |||||
| NUMBER OF | 0 shares | |||||
| SHARES | ||||||
| BENEFICIALLY | 8 | SHARED VOTING POWER | ||||
| OWNED | ||||||
| BY EACH | 0 SHARES | |||||
| REPORTING | ||||||
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER | ||||
| 0 Shares | ||||||
| 10 | SHARED DISPOSITIVE POWER | |||||
| 0 SHARES | ||||||
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |||||
| 0 Shares | ||||||
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ☐ | ||||
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 | |||||
| 0 | ||||||
| 14 | TYPE OF REPORTING PERSON | |||||
| PN | ||||||
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Page 3 of 5 SEC Filing
United States
Securities and Exchange Commission
Schedule 13D
Item 1. Security and Issuer
This statement relates to the Class A Class A Common Stock, with $.0001 par value per share (the “Class A Class A Common Stock”), issued by Spanish Broadcasting Systems, Inc. (the “Company”), whose principal executive offices are located at 7007 NW 77th Avenue, Miami, Florida 33166
Item 2. Identity and Background
Attiva Capital Partners LTD (hereinafter referred to as the “Attiva Reporting Person”)
The purpose of business of Attiva Reporting Person is Financial Investing. The Attiva Reporting Person is a Limited Partnership incorporated under the laws of the British Virgin Island. David Tomasello is the Managing Partner of the Attiva Reporting Person
The address(es) of of the Attiva Reporting Person is:
Vanterpool Plaza, 2nd Floor, Wickhams Cay I, Road Town, Tortola, British Virgin Islands.
None
None
Organized in BVI
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Page 4 of 5 SEC Filing
Item 3. Source and Amount of Funds or Other Consideration
WC
Item 4. Purpose of Transaction
N/A
Item 5. Interest in Securities of the Issuer
| (a) | As indicated in the Form 10Q , filed by the Company with the Securities and Exchange Commission As of November 12, 2015, there were 4,166,991 shares of Class A common stock. |
| (b) | As of the date of this Schedule 13D: The Attiva Reporting person owns 0 Shares of Class A Common Stock. |
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
There are no contracts, arrangements, understandings or relationships (legal or otherwise) between or among any of the Reporting Persons and any other person with respect to any securities of the Issuer, other than those disclosed in the present filing.
Item 7. Material to Be Filed as Exhibits.
None
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Page 5 of 5 SEC Filing
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 19, 2016
| /s/ David Tomasello | |
| David Tomasello, as managing partner of Attiva Capital Partners LTD |
5
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