SECURITIES AND EXCHANGE COMMISSIONWASHINGTON, 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) | |
| | | |
| | 846425882 | |
| | (CUSIP Number) | |
| | | |
| | David Tomasello | |
| | Attiva Capital Partners LTD | |
| | 275 Madison Avenue, 4th Floor | |
| | New York, New York, 10016 | |
| | Telephone: (212) 201-7448 | |
| | (Name, Address and Telephone Number of Person | |
| | Authorized to Receive Notices and Communications) | |
| | | |
| | June 13, 2011 | |
| | (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 o.
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).
| CUSIP NO. 846425882 | SCHEDULE 13D | |
| 1 | NAME OF REPORTING PERSON | |
| | S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | |
| | | |
| | COMPLEJO METALURGICO DE CUMANA – VENEZUELA (“COMMETASA”) | |
| | | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) x |
| | | (b) o |
| | | |
| 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) | o |
| | | |
| | | |
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | |
| | | |
| | VENEZUELA | |
| | | |
| | 7 | SOLE VOTING POWER |
| | | |
| NUMBER OF | | 32,700 (equal to 0.06646% of the share capital) |
| SHARES | | |
| BENEFICIALLY | 8 | SHARED VOTING POWER |
| OWNED | | |
| BY EACH | | 0 |
| REPORTING | | |
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER |
| | | |
| | | 32,700 (equal to 0.06646% of the share capital) |
| | | |
| | 10 | SHARED DISPOSITIVE POWER |
| | | |
| | | 0 |
| | | |
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
| | | |
| | 32,700 shares out of 3,690,735 aggregate shares collectively owned by all the Reporting Persons (as hereafter defined). | |
| | | |
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o |
| | | |
| | | |
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 | |
| | | |
| | 0.06646% of the aggregate 7.502% interest collectively held by the Reporting Persons. | |
| | | |
| 14 | TYPE OF REPORTING PERSON | |
| | | |
| | CO | |
| | | |
| 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) x |
| | | (b) o |
| | | |
| 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) | o |
| | | |
| | | |
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | |
| | | |
| | BVI | |
| | | |
| | 7 | SOLE VOTING POWER |
| | | |
| NUMBER OF | | 33,400 shares (equal to 0.06789% of the share capital) |
| SHARES | | |
| BENEFICIALLY | 8 | SHARED VOTING POWER |
| OWNED | | |
| BY EACH | | 0 SHARES |
| REPORTING | | |
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER |
| | | |
| | | 33,400 shares (equal to 0.06789% of the share capital) |
| | | |
| | 10 | SHARED DISPOSITIVE POWER |
| | | |
| | | 0 SHARES |
| | | |
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
| | | |
| | 33,400 shares out of 3,690,735aggregate shares collectively owned by all the Reporting Persons. | |
| | | |
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o |
| | | |
| | | |
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 | |
| | | |
| | 0.06789 % of the aggregate 7.502% interest collectively held by the Reporting Persons. | |
| | | |
| 14 | TYPE OF REPORTING PERSON | |
| | | |
| | PN | |
| | | |
| CUSIP NO. 846425882 | SCHEDULE 13D | |
| 1 | NAME OF REPORTING PERSON | |
| | S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | |
| | | |
| | ANTONIO TOMASELLO | |
| | | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) x |
| | | (b) o |
| | | |
| 3 | SEC USE ONLY | |
| | | |
| | | |
| 4 | SOURCE OF FUNDS | |
| | | |
| | PF | |
| | | |
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) | o |
| | | |
| | | |
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | |
| | | |
| | ITALY | |
| | | |
| | 7 | SOLE VOTING POWER |
| | | |
| NUMBER OF | | 3,538,067 shares (equal to 7.1917% of the share capital) |
| SHARES | | |
| BENEFICIALLY | 8 | SHARED VOTING POWER |
| OWNED | | |
| BY EACH | | 0 |
| REPORTING | | |
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER |
| | | |
| | | 3,538,067 shares (equal to 7.1917% of the share capital) |
| | | |
| | 10 | SHARED DISPOSITIVE POWER |
| | | |
| | | 0 |
| | | |
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
| | | |
| | 3,538,067 shares out of 3,690,735 aggregate shares collectively owned by all the Reporting Persons | |
| | | |
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o |
| | | |
| | | |
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 | |
| | | |
| | 7.1917% of the aggregate 7.502% interest collectively held by the Reporting Persons. | |
| | | |
| 14 | TYPE OF REPORTING PERSON | |
| | | |
| | IN | |
| | | |
| CUSIP NO. 846425882 | SCHEDULE 13D | |
| 1 | NAME OF REPORTING PERSON | |
| | S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON | |
| | | |
| | DAVID TOMASELLO | |
| | | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) x |
| | | (b) o |
| | | |
| 3 | SEC USE ONLY | |
| | | |
| | | |
| 4 | SOURCE OF FUNDS | |
| | | |
| | PF | |
| | | |
| 5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) | o |
| | | |
| | | |
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION | |
| | | |
| | VENEZUELA | |
| | | |
| | 7 | SOLE VOTING POWER |
| | | |
| NUMBER OF | | 86,568 (equal to 0.17596% of the share capital) |
| SHARES | | |
| BENEFICIALLY | 8 | SHARED VOTING POWER |
| OWNED | | |
| BY EACH | | 0 |
| REPORTING | | |
| PERSON WITH | 9 | SOLE DISPOSITIVE POWER |
| | | |
| | | 86,568 (equal to 0.17596% of the share capital) |
| | | |
| | 10 | SHARED DISPOSITIVE POWER |
| | | |
| | | 0 |
| | | |
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |
| | | |
| | 86,568 shares out of 3,690,735 aggregate shares collectively owned by all the Reporting Persons | |
| | | |
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o |
| | | |
| | | |
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 | |
| | | |
| | 0.17596% of the aggregate 7.502% interest collectively held by the Reporting Persons. | |
| | | |
| 14 | TYPE OF REPORTING PERSON | |
| | | |
| | IN | |
| | | |
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 2601 South Bayshore Drive, PH II, Coconut Grove, Florida 33133
Item 2. Identity and Background
| Commetasa (“Commetasa Reporting Person”) | | Attiva Capital Partners LTD (hereinafter referred to as the “Attiva Reporting Person”) | | Antonio Tomasello (“Antonio Tomasello Reporting Person”) | | David Tomasello (“David Tomasello Reporting Person”) and together with the Attiva Reporting Person, The Commetasa Reporting Person, the Antonio Tomasello Reporting Person, the “Reporting Persons” |
| The purpose of business of Commetasa Reporting Person is carrying out heavy metal work in Venezuela. The Commetasa Reporting person is a privately held corporation, incorporated under the law of Venezuela. | | 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. The members of the Attiva Reporting Person are David Tomasello and Gonzalo Mendoza. David Tomasello is the managing partner of the Attiva Reporting Person | | Avenida Cristobal Colon Residencias Vista Azul, Penthouse A, Cumana, Estado Sucre 6101 Venezuela | | Avenida Cristobal Colon, Edificio Flavesa, Cumana — Estado Sucre, Venezuela |
| The address(es) of principal business and principal offices of business of the Commetasa Reporting Person is: Zona Industrial el Peсon Av. Principal, Cumana, Edo. Sucre, Venezuela | | The address(es) of principal business and principal offices of business of the Attiva Reporting Person is: 275 Madison Avenue, 4th Floor, New York, NY 10016 | | President, Metalinvest, S.A., Avenida Cristobal Colon Edificio Vista Azul PH — D, Cumana, Estado Sucre 6101, Venezuela | | Chairman of the Commetasa Reporting Person, Managing Partner of the Attiva Reporting Person. |
| | | | | | | |
| | | | | | | |
| | | | | Citizen of Italy, father of David Tomasello | | Citizen of Venezuela, son of Antonio Tomasello |
Item 3. Source and Amount of Funds or Other Consideration
The Attiva Reporting Person and the Commetasa Reporting Person used working capital to make all acquisitions of Class A Common Stock currently owned by each of them, respectively.
The Antonio Tomasello Reporting Person and the David Tomasello Reporting Person used personal funds to make all acquisitions of Class A Common Stock currently owned by each of them, respectively.
Item 4. Purpose of Transaction
The disclosures below are specifically intended to reflect information relating to clauses (a), (b), (c), (d) and (j) of Item 4 of Schedule 13D.
Each of the Reporting Persons intend to review his or its investments in the Issuer on a continuing basis and any of them may engage in discussions with management and the Board of Directors concerning the business, operations and future plans of the Issuer as he or it deems appropriate. Depending on various factors including, without limitation, the Issuer’s financial position and investment strategy, the price level of the Class A Common Stock, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investments in the Issuer as he or it deems appropriate in particular, but without any limitation, engaging financial, legal and other advisors, making proposals to the Issuer concerning changes to the capitalization, ownership structure, board of directors or operations of the Issuer, changes to the overall strategic direction of the Issuer, merger and/or sale opportunities, communicating with other shareholders regarding the Company, purchasing additional shares of Class A Common Stock, selling some or all of his or its Class A Common Stock, engaging in short selling of or any hedging or similar transaction with respect to the Class A Common Stock, gaining representation on the board of directors, including without limitation by nominating any director or officer selected by the Reporting Persons, or changing his or its intention with respect to any and all matters referred to in this Item
Item 5. Interest in Securities of the Issuer
1 As indicated in the Form 10K/A , filed by the Company with the Securities and Exchange Commission As of April 11, 2011, there were 41,669,805 shares of Class A common stock and 23,403,500 shares of Class B common stock outstanding. In addition, as of April 11, 2011, there were 380,000 shares of Series C convertible preferred stock, par value $.01 per share (“Series C preferred stock”), which are convertible into 7,600,000 shares of Class A common stock and vote on an as-converted basis with the common stock. Accordingly, in the percentage calculations in the table below, we treat the 7,600,000 shares of Class A common stock (into which the Series C preferred stock is convertible) as outstanding.
As of the date of this Schedule 13D: the Attiva Reporting person owns 33,400 shares of Class A Common Stock, the Commetasa Reporting Person owns 32,700 shares of Class A Common Stock, the Antonio Tomasello Reporting Person owns 3,538,067 shares of Class A Common Stock and the David Tomasello Reporting Person owns 86,568 shares of Class A Common Stock. In the aggregate, this represents 3,690,735 shares of the Company’s Class A Common Stock, which is approximately 7.502% of the total shares of the Company’s Class A Common Stock calculated in accordance with Rule 13d-3 promulgated under the Securities Act of 1934
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
As indicated in Item 5(b), the Attiva Reporting Person has granted David Tomasello, managing partner of the Attiva Reporting Person, the sole power to vote or direct the vote of 33,400 shares of the Company’s Class A Common Stock. The Commetasa Reporting Person has granted David Tomasello, Chairman of the Commetasa Reporting Person, the sole power to vote or direct the vote of 32,700 shares of the Company’s Class A Common Stock. The Antonio Tomasello Reporting Person has granted David Tomasello, son of the Antonio Tomasello Reporting Person, the sole power to vote or direct the vote of 3,538,067 shares of the Company’s Class A Common Stock.
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
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: June 13, 2011
| | /s/ David Tomasello |
| | David Tomasello, as managing partner of Attiva Capital Partners LTD |
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: June 13, 2011
| | /s/ David Tomasello |
| | David Tomasello, as chairman of Complejo Metalurgico De Cumana – Venezuela |
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: June 13, 2011
| | /s/ Antonio Tomasello |
| | Antonio Tomasello |
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: June 13, 2011
| | /s/ David Tomasello |
| | David Tomasello |
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