Page 8 of 10 – SEC Filing
Item 1. Security and Issuer
This Schedule 13D relates to the Series A Common Stock, $0.01 par value (Series A Common Stock), of A. H. Belo Corporation, a Delaware corporation
(the Issuer). The address of the principal executive offices of the Issuer is P.O. Box 224866, Dallas, TX 75222-4866.
Item 2. Identity and Background
(a) The names
of the persons filing this Schedule 13D are LKCM Private Discipline Master Fund SPC, a Cayman Islands segregated portfolio company (PDP), LKCM Micro-Cap Partnership, L.P., a Delaware limited
partnership (Micro), LKCM Core Discipline, L.P., a Delaware limited partnership (Core), Luther King Capital Management Corporation, a Delaware corporation (LKCM), J. Luther King, Jr. and J. Bryan King. PDP, Micro,
Core, LKCM, J. Luther King, Jr. and J. Bryan King are collectively referred to herein as the Reporting Persons.
(b) The principal business
address of PDP is c/o Five Continents Partners Limited, 4th Floor, Anderson Square, 64 Shedden Road, P.O. Box 10324, Grand Cayman KY1-1003, Cayman Islands,
and the principal business address of the other Reporting Persons is 301 Commerce Street, Suite 1600, Fort Worth, Texas 76102.
(c) LKCM Private Discipline
Management, L.P., a Delaware limited partnership (PDP GP), is the sole holder of the management shares of PDP, and LKCM Alternative Management, LLC, a Delaware limited liability company (PDP Management) is the general partner
of PDP GP. LKCM Micro-Cap Management, L.P., a Delaware limited partnership (Micro GP), is the general partner of Micro-Cap, and PDP Management is the general
partner of Micro GP. LKCM Core Discipline Management, L.P., a Delaware limited partnership (Core GP), is the general partner of Core, and PDP Management is the general partner of Core GP. LKCM serves as the investment manager for PDP,
Micro, and Core. J. Luther King, Jr. is a controlling shareholder of LKCM. J. Luther King, Jr. and J. Bryan King are controlling members of PDP Management. The principal business of PDP, Micro, and Core is purchasing, holding and selling securities
for investment purposes, and the principal business of the other Reporting Persons is investment management.
(d) and (e) During the past five years,
none of the Reporting Persons has been convicted in a criminal proceeding or been a party to a civil proceeding, in either case of the type specified in Items 2(d) or (e) of Schedule 13D.
(f) PDP is organized under the laws of the Cayman Islands. Micro, Core and LKCM are organized under the laws of Delaware. J. Luther King, Jr. and J. Bryan King
are citizens of the United States.
Item 3. Source and Amount of Funds or Other Consideration
PDP acquired 934,777 shares of Series A Common Stock in open market transactions for an aggregate purchase price of approximately $4,880,000 using working
capital. Micro acquired 44,666 shares of Series A Common Stock in open market transactions for an aggregate purchase price of approximately $250,000 using working capital. Core acquired 14,402 shares of Series A Common Stock in open market
transactions for an aggregate purchase price of approximately $73,000 using working capital. A separately managed portfolio for which LKCM provides investment management services acquired 3,600 shares of Series A Common Stock in open market
transactions for an aggregate purchase price of approximately $16,000 using working capital.
Item 4. Purpose of Transaction
The Reporting Persons have acquired the shares of Series A Common Stock for investment purposes. The Reporting Persons from time to time intend to review their
investment in the Issuer on the basis of various factors, including the Issuers business, financial condition, results of operations and prospects, general economic and industry conditions, the securities markets in general and those for the
Issuers securities in general, as well as other developments and other investment opportunities. Based upon such review, the Reporting Persons intend to take such actions in the future as they deem appropriate in light of the circumstances
existing from time to time, which may include further acquisitions of Series A Common Stock or disposal of all of the shares of Series A Common Stock currently owned by the Reporting Persons or otherwise acquired by the Reporting Persons, either in
the open market or privately negotiated transactions, with or without prior notice.
