SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
(Amendment No. 6)
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(a)
Multimedia Games, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
625-453-10-5
--------------------------------------------------------------
(CUSIP Number)
Emanuel R. Pearlman
Liberation Investment Group, LLC
900 Third Avenue, Suite 1000
New York, NY 10022
(212) 832-5100
-------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
With a copy to:
Dennis J. Block, Esq.
Cadwalader, Wickersham & Taft LLP
One World Financial Center
New York, NY 10281
(212) 504-5555
January 13, 2009
--------------------------------------------------------------
(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), Rule 13d-1(f) or Rule 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).
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Liberation Investments L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 11
BENEFICIALLY
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
11
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 0.1%*
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
PN
--------------------------------------------------------------------------------
* This percentage is calculated based on the 26,628,571 shares of Common Stock
outstanding as of December 8, 2008, as reported in the Company's Form 10-K,
filed on December 15, 2008
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Liberation Investments Ltd.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 2
BENEFICIALLY
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 0.1%*
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
CO
--------------------------------------------------------------------------------
* This percentage is calculated based on the 26,628,571 shares of Common Stock
outstanding as of December 8, 2008, as reported in the Company's Form 10-K,
filed on December 15, 2008.
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Liberation Investment Group LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)|_|
(See Instructions) (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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 3,931
BENEFICIALLY
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,931
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,931
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 0.1%*
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
OO,IA
--------------------------------------------------------------------------------
* This percentage is calculated based on the 26,628,571 shares of Common Stock
outstanding as of December 8, 2008, as reported in the Company's Form 10-K,
filed on December 15, 2008.
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Emanuel R. Pearlman
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
20,000
--------------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 23,891[1]
BENEFICIALLY
OWNED BY --------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 20,000
PERSON
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
23,891[2]
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
43,891
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions) |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 0.1%*
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN, HC
--------------------------------------------------------------------------------
* This percentage is calculated based on the 26,628,571 shares of Common Stock
outstanding as of December 8, 2008, as reported in the Company's Form 10-K,
filed on December 15, 2008.
[1] See Item 5.
[2] See Item 5.
INTRODUCTION
This Amendment No. 6 (this "Amendment") relates to the Schedule 13D filed on
behalf of (i) Liberation Investments, L.P., a Delaware limited partnership
("LILP"); (ii) Liberation Investments, Ltd., a private offshore investment
corporation ("LILtd"); (iii) Liberation Investment Group, LLC, a Delaware
limited liability company and general partner of LILP and discretionary
investment adviser to LILtd ("LIGLLC"); and (iv) Emanuel R. Pearlman, as Chief
Executive Officer and majority member of LIGLLC (collectively, the "Reporting
Persons"), with the Securities and Exchange Commission (the "SEC") on May 30,
2006, as amended by Amendment No. 1 filed with the SEC on June 30, 2006,
Amendment No. 2 filed with the SEC on August 7, 2006, Amendment No. 3 filed with
the SEC on August 30, 2006, Amendment No. 4 filed with the SEC on October 24,
2006 and Amendment No. 5 filed with the SEC on December 24, 2008 (the "Schedule
13D"), relating to shares of common stock, $0.01 par value per share ("Common
Stock"), of Multimedia Games, Inc., a Texas corporation (the "Company").
Items 5 of the Schedule 13D is hereby amended to add the following:
Item 5. Interest in Securities of the Issuer.
(1) As of the date hereof, the Reporting Persons have the following
interests in the securities of the Company:
(i) LILP beneficially owns 11 shares of Common Stock and is the
beneficial owner of less than 0.1% of the Common Stock.
(ii) LILtd beneficially owns 2 shares of Common Stock and is the
beneficial owner of less than 0.1% of the Common Stock.
(iii) LIGLLC, as the sole general partner of LILP and the sole investment
advisor to LILtd, beneficially owns 3,931 shares of Common Stock and
is the beneficial owner of less than 0.1% of the Common Stock.
(iv) Mr. Pearlman, as the Chief Executive Officer and majority member of
LIGLLC, beneficially owns 43,891 shares of Common Stock and is the
beneficial owner of less than 0.1% of the Common Stock. Of these
shares, 19,960 shares are owned by Beach Lane Opportunity LLC, of
which Emanuel R. Pearlman is managing member.
The Reporting Persons in the aggregate may be deemed to beneficially own
an aggregate of 43,891 shares of Common Stock, which represents less than 0.1%
of the Common Stock.
(2) Mr. Pearlman holds stock options issued to him by the Company, which
are currently exercisable for 20,000 shares of Common Stock. Upon exercise of
the stock options, Mr. Pearlman would have the sole power to vote or direct the
vote and the sole power to dispose or direct the disposition of the 20,000
shares of Common Stock underlying such options.
(3) Except as set forth below, during the past 60 days, none of the
Reporting Persons has effected any transaction in the Common Stock:
On January 13, 2009, LILP and LILtd distributed to their investors
the proportionate share of the Common Stock owned by LILP and LILtd, which
resulted in the distribution of an aggregate of 2,311,114 shares of Common
Stock.
(4) No person other than each respective owner referred to herein of
Common Stock is known to have the right to receive or the power to direct the
receipt of dividends from or the proceeds from the sale of such Common Stock.
(5) The Reporting Persons ceased to be the beneficial owners of more than
five percent of the Common Stock on January 13, 2009.
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.
Dated: January 14, 2009
LIBERATION INVESTMENTS, L.P.
By: Liberation Investment Group LLC, general partner
By: /s/ Emanuel R. Pearlman
-----------------------
Emanuel R. Pearlman
Chief Executive Officer
LIBERATION INVESTMENTS LTD.
By: /s/ Emanuel R. Pearlman
-----------------------
Emanuel R. Pearlman
Director
LIBERATION INVESTMENT GROUP LLC
By: /s/ Emanuel R. Pearlman
-----------------------
Emanuel R. Pearlman
Chief Executive Officer
Emanuel R. Pearlman
/s/ Emanuel R. Pearlman
-----------------------