UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Act of 1934
Speed Commerce, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
639208107
(CUSIP Number)
October 27, 2015
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[XX] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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
the disclosures provided in a prior cover page.
The information required in 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. 639208107
1. Names of Reporting Person
DDEC, Ltd.
IRS Identification Nos. of above person (entities only):
75-2958135
2. Check the Appropriate Box if a Member of a Group
[ ] (a)
[ ] (b)
3. SEC Use Only
4. Citizenship or Place of Organization
Texas, United States
5. Sole Voting Power: 3,965,303
6. Shared Voting Power: 0
7. Sole Disposition Power: 3,965,303 shares of Common Stock
8. Shared Disposition Power: 0
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
3,965,303 shares of Common Stock
10. Check of the Aggregate Amount in Row (9) Excludes Certain
Shares (see instructions)
[ ]
11. Percent of Class Represented By Amount in Row (9)
5.015%
12. Type of Reporting Person (See Instructions)
PN
CUSIP No. 639208107
1. Names of Reporting Person
C. Daniel Cocanougher
2. Check the Appropriate Box if a Member of a Group
[ ] (a)
[ ] (b)
3. SEC Use Only
4. Citizenship or Place of Organization
Texas, United States
5. Sole Voting Power: 1,746,168 shares of Common Stock
6. Shared Voting Power: 6,699,154 shares of Common Stock
7. Sole Disposition Power: 1,746,168 shares of Common Stock
8. Shared Disposition Power: 6,699,154 shares of Common Stock
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
8,445,322 shares of Common Stock
10. Check of the Aggreggate Amount in Row (9) Excludes Certain
Shares (see instructions)
[ ]
11. Percent of Class Represented By Amount in Row (9)
10.681%
12. Type of Reporting Person (See Instructions)
IN
CUSIP No. 639208107
1. Names of Reporting Person
CDC Asset Ltd.
IRS Identification Nos. of above person (entities only):
27-3757323
2. Check the Appropriate Box if a Member of a Group
[ ] (a)
[ ] (b)
3. SEC Use Only
4. Citizenship or Place of Organization
Texas, United States
5. Sole Voting Power: 1,322,485
6. Shared Voting Power: 0
7. Sole Disposition Power: 1,322,485 shares of Common Stock
8. Shared Disposition Power: 0
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
1,322,485 shares of Common Stock
10. Check of the Aggregate Amount in Row (9) Excludes Certain
Shares (see instructions)
[ ]
11. Percent of Class Represented By Amount in Row (9)
1.673%
12. Type of Reporting Person (See Instructions)
PN
CUSIP No. 639208107
1. Names of Reporting Person
DMC Asset Ltd.
IRS Identification Nos. of above person (entities only):
27-3757452
2. Check the Appropriate Box if a Member of a Group
[ ] (a)
[ ] (b)
3. SEC Use Only
4. Citizenship or Place of Organization
Texas, United States
5. Sole Voting Power: 82,004
6. Shared Voting Power: 0
7. Sole Disposition Power: 82,004 shares of Common Stock
8. Shared Disposition Power: 0
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
82,004 shares of Common Stock
10. Check of the Aggregate Amount in Row (9) Excludes Certain
Shares (see instructions)
[ ]
11. Percent of Class Represented By Amount in Row (9)
0.104%
12. Type of Reporting Person (See Instructions)
PN
CUSIP No. 639208107
1. Names of Reporting Person
EJC Asset Ltd.
IRS Identification Nos. of above person (entities only):
27-3757728
2. Check the Appropriate Box if a Member of a Group
[ ] (a)
[ ] (b)
3. SEC Use Only
4. Citizenship or Place of Organization
Texas, United States
5. Sole Voting Power: 138,568
6. Shared Voting Power: 0
7. Sole Disposition Power: 138,568 shares of Common Stock
8. Shared Disposition Power: 0
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
138,568 shares of Common Stock
10. Check of the Aggregate Amount in Row (9) Excludes Certain
Shares (see instructions)
[ ]
11. Percent of Class Represented By Amount in Row (9)
0.175%
12. Type of Reporting Person (See Instructions)
PN
CUSIP No. 639208107
1. Names of Reporting Person
Wise Capital Ltd.
IRS Identification Nos. of above person (entities only):
75-2958137
2. Check the Appropriate Box if a Member of a Group
[ ] (a)
[ ] (b)
3. SEC Use Only
4. Citizenship or Place of Organization
Texas, United States
5. Sole Voting Power: 1,190,794
6. Shared Voting Power: 0
7. Sole Disposition Power: 1,190,794 shares of Common Stock
8. Shared Disposition Power: 0
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
1,190,794 shares of Common Stock
10. Check of the Aggregate Amount in Row (9) Excludes Certain
Shares (see instructions)
[ ]
11. Percent of Class Represented By Amount in Row (9)
1.506%
12. Type of Reporting Person (See Instructions)
PN
Item 1.
(a) Name of Issuer: Speed Commerce, Inc. (the "Issuer").
(b) Address of the Issuer's Principle Executive Offices:
1303 E. Arapaho Road, Suite 200, Richardson, TX 75081
Item 2.
(a) Name of Person Filing: This joint statement on Schedule 13G is being filed
by DDEC, Ltd. and C. Daniel Cocanougher who are collectively referred to as the
"Reporting Persons". Mr. C. Daniel Cocanougher is the Managing Member of DDEC
Management, LLC which is the General and Managing Partner of DDEC,
Ltd.; the Managing Member of CDC Asset Management, LLC which is the General and
Managing Partner of CDC Asset Ltd.; and the Attorney-in-Fact for his two
daughters, Danielle M. Cocanougher and Ellen J. Cocanougher. Danielle M.
Cocanougher is the Managing Member of DMC Asset Management, LLC which is the
General and Managing Partner of DMC Asset Ltd. Ellen J. Cocanougher is the
Managing Member of EJC Asset Management, LLC which is the General and Managing
Partner of EJC Asset Ltd. Mr. C. Daniel Cocanougher is also a General Partner
of Wise Capital, Ltd. The Reporting Persons are making this single, joint
filing because they may be deemed to constitute a group within the meaning of
Section 13(d)(3) of the Act, although neither the fact of this filing nor
anything contained herein shall be deemed to be an admission by the Reporting
Persons that a group exists. The Reporting Persons have entered into a Joint
Filing Agreement, dated as of October 27, 2015, a copy of which is attached
hereto as Exhibit A (which is incorporated herein by reference), pursuant to
which the Reporting Persons have agreed to file this statement jointly in
accordance with the provisions of Rule 13d-1(k) under the Act.
(b) Address of Principle Business Office: The principle business
office of the Reporting Persons with respect to the shares
reported hereunder is 6851 NE Loop 820, Suite 200, North Richland
Hills TX 76180-6641.
(c) Citizenship: DDEC, Ltd is a limited partnership formed in the
State of Texas. The individual is a U.S. citizen.
(d) Title and Class of Securities: Class A Common Shares of No
Par Value each ("Common Stock")
(e) CUSIP Number: 639208 10 7
Item 3.
If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b)
or (c), check whether the person filing is a:
N/A
Item 4.
Ownership:
As of the date of this filing, the Reporting Persons, in the aggregate,
beneficially own 8,445,322 shares of Common Stock of the Issuer. The
ownership of each Reporting Person is as follows: (i) DDEC, Ltd. beneficially
owns an aggregate of 3,965,303 shares of Common Stock, (ii) C. Daniel
Cocanougher, individually owns 1,746,168 shares of Common Stock, and
beneficially owns 6,699,154 shares of Common Stock (including the 3,965,303
shares of Common Stock owned by DDEC, Ltd.) representing approximately
10.681% of the class. C. Daniel Cocanougher, both individually and as the
Managing Member of DDEC Management, LLC which is the General and Managing
Partner of DDEC, Ltd., has the authority to vote and dispose of all of the
shares of Common Stock beneficially owned by DDEC Ltd., himself individually,
and on behalf of the entities more fully described in Item 2 above.
Item 5.
Ownership of Five Percent or Less of a Class:
N/A
Item 6.
Ownership of More than Five Percent on Behalf of
Another Person:
N/A
Item 7.
Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By
the Parent HOlding Company or COntrol Person:
N/A
Item 8.
Identification and Classification of Members of the
Group:
N/A
Item 9.
Notice of Dissolution of Group:
N/A
Item 10.
By Signing below I Certify that, to the best of my
knowledge and belief, the securities referred to above
were not acquired and are not held for the purpose of
or with the effect of changing or influencing the control
of the issuer of the securities and were not acquired
and are not held in connection with or as a participant
in any transaction having that purpose or effect.
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.
By: /s/ C. Daniel Cocanougher
------------------------------------
C. DANIEL COCANOUGHER, Individually; as
Managing Member of DDEC Management, LLC,
General Partner of DDEC, Ltd.; and on
behalf of CDC Asset Ltd., EJC Asset Ltd.,
DMC Asset Ltd., and Wise Capital, Ltd.