-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DVE9efBGNCCtuDahyquD02cnTEUlYTt9pZIXlQQeb5DcuKIsdkeQib+hkxd3xDJ6 v7KV7qc5RrY8yKVfRm3hcQ== 0001387749-09-000004.txt : 20090213 0001387749-09-000004.hdr.sgml : 20090213 20090213085023 ACCESSION NUMBER: 0001387749-09-000004 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090213 DATE AS OF CHANGE: 20090213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TABLE TRAC INC CENTRAL INDEX KEY: 0001090396 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 880365568 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-82518 FILM NUMBER: 09598192 BUSINESS ADDRESS: STREET 1: 15612 HWY 7 STREET 2: SUITE 250 CITY: MINNETONKA STATE: MN ZIP: 55345 BUSINESS PHONE: 952-548-8877 MAIL ADDRESS: STREET 1: 15612 HWY 7 STREET 2: SUITE 250 CITY: MINNETONKA STATE: MN ZIP: 55345 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Doucet Asset Management CENTRAL INDEX KEY: 0001387749 IRS NUMBER: 030600882 STATE OF INCORPORATION: AL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 2204 LAKE SHORE DRIVE STREET 2: SUITE 218 CITY: BIRMINGHAM STATE: AL ZIP: 35209 BUSINESS PHONE: 2054149788 MAIL ADDRESS: STREET 1: 2204 LAKE SHORE DRIVE STREET 2: SUITE 218 CITY: BIRMINGHAM STATE: AL ZIP: 35209 SC 13G 1 r13g_tbtc-02122009.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* ------ Table Trac Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 87336P106 ----------------- (CUSIP Number) February 12, 2009 ----------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] 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). Page 1 of 10 pages - ------------------- ------------------ CUSIP No. 87336P106 13G Page 2 of 10 Pages - ------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Doucet Capital, LLC 03-0600886 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] Not Applicable - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 0 ----------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 222,270 ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 ----------------------------------------------------------------- PERSON 8 SHARED DISPOSITIVE POWER WITH 222,270 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 222,270 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] Not Applicable - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.34% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* HC - -------------------------------------------------------------------------------- - ------------------- ------------------ CUSIP No. 87336P106 13G Page 3 of 10 Pages - ------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Doucet Asset Management, LLC 03-0600882 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] Not Applicable - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 0 ----------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 222,270 ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 ----------------------------------------------------------------- PERSON 8 SHARED DISPOSITIVE POWER WITH 222,270 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 222,270 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] Not Applicable - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.34% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA - -------------------------------------------------------------------------------- - ------------------- ------------------ CUSIP No. 87336P106 13G Page 4 of 10 Pages - ------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Christopher L. Doucet - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] Not Applicable - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 0 ----------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 222,270 ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 ----------------------------------------------------------------- PERSON 8 SHARED DISPOSITIVE POWER WITH 222,270 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 222,270 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] Not Applicable - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.34% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- - ------------------- ------------------ CUSIP No. 87336P106 13G Page 5 of 10 Pages - ------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Suzette A. Doucet - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [_] Not Applicable - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 0 ----------------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 222,270 ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 ----------------------------------------------------------------- PERSON 8 SHARED DISPOSITIVE POWER WITH 222,270 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 222,270 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [_] Not Applicable - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.34% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- Item 1(a) Name of Issuer: Table Trac Inc. -------------------------------------------------------------------- Item 1(b) Address of Issuer's Principal Executive Offices: 15612 HWY 7, Suite 250 Minnetonka, MN 55345 -------------------------------------------------------------------- Item 2(a) Name of Person Filing: Doucet Capital, LLC, sole owner of Doucet Asset Management, LLC Doucet Asset Management, LLC Christopher L. Doucet, managing member of Doucet Capital, LLC and CEO and control person of Doucet Asset Management Suzette A. Doucet, CFO and control person of Doucet Asset Management, LLC -------------------------------------------------------------------- Item 2(b) Address of Principal Business Office: 2204 Lakeshore Drive, Suite 218 Birmingham, Alabama 35209 -------------------------------------------------------------------- Item 2(c) Citizenship: Doucet Capital, LLC and Doucet Assset Management, LLC are Delaware companies. Christopher L. Doucet and Suzette A. Doucet are U.S. Citizens. -------------------------------------------------------------------- Item 2(d) Title of Class of Securities: Common Stock -------------------------------------------------------------------- Item 2(e) CUSIP Number: 87336P106 -------------------------------------------------------------------- Item 3 Type of Person: (e) Doucet Asset Management, LLC is an Investment Adviser registered under section 203 of the Investment Advisers Act and has discretionary authority to purchase and sell the stock and the power to vote the shares of stock, Doucet Capital, LLC is the 100% owner of the Investment Adviser, Christopher L. Doucet is CEO and a control person of Doucet Capital, LLC and Doucet Asset Management, LLC, and Suzette A. Doucet is a control person and CFO of Doucet AssetManagement, LLC. ----------------------------------------------------------------- Page 6 of 10 pages Item 4 Ownership (at February 12, 2009): (a) Amount owned "beneficially" within the meaning of rule 13d-3: (i) Doucet Capital, LLC: 222,270 (ii) Doucet Asset Management, LLC: 222,270 (iii) Christopher L. Doucet: 222,270 (iv) Suzette A. Doucet: 222,270 ----------------------------------------------------------------- (b) Percent of class: (i) Doucet Capital, LLC: 5.34% (ii) Doucet Asset Management, LLC: 5.34% (iii) Christopher L. Doucet: 5.34% (iv) Suzette A. Doucet: 5.34% ----------------------------------------------------------------- (c) Number of shares as to which such person has: (1) sole power to vote or to direct the vote: (i) Doucet Capital, LLC: 0 (ii) Doucet Asset Management, LLC: 0 (iii) Christopher L. Doucet: 0 (iv) Suzette A. Doucet: 0 (2) shared power to vote or to direct the vote: (i) Doucet Capital, LLC: 222,270 (ii) Doucet Asset Management, LLC: 222,270 (iii) Christopher L. Doucet: 222,270 (iv) Suzette A. Doucet: 222,270 (3) sole power to dispose or to direct the disposition of: (i) Doucet Capital, LLC: 0 (ii) Doucet Asset Management, LLC: 0 (iii) Christopher L. Doucet: 0 (iv) Suzette A. Doucet: 0 (4) shared power to dispose or to direct disposition of: (i) Doucet Capital, LLC: 222,270 (ii) Doucet Asset Management, LLC: 222,270 (iii) Christopher L. Doucet: 222,270 (iv) Suzette A. Doucet: 222,270 ----------------------------------------------------------------- Item 5 Ownership of Five Percent or Less of a Class: Not Applicable -------------------------------------------------------------------- Item 6 Ownership of More than Five Percent on Behalf of Another Person: Not Applicable -------------------------------------------------------------------- Page 7 of 13 Pages Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: Not Applicable -------------------------------------------------------------------- Item 8 Identification and Classification of Members of the Group: Not Applicable -------------------------------------------------------------------- Item 9 Notice of Dissolution of Group: Not Applicable -------------------------------------------------------------------- Item 10 Certification: Each of the Reporting Persons hereby makes the following certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. ------------------------------------------------------------------ Page 8 of 10 Pages SIGNATURE After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete andcorrect. Date: February 12, 2009 DOUCET CAPITAL, LLC /S/ Christopher L. Doucet --------------------------- Name: Christopher L. Doucet Title: Managing Member DOUCET ASSET MANAGEMENT, LLC By: Doucet Capital, LLC, its managing member /S/ Christopher L. Doucet --------------------------- Name: Christopher L. Doucet Title: Managing Member CHRISTOPHER L. DOUCET /S/ Christopher L. Doucet -------------------------- Christopher L. Doucet, individually SUZETTE A. DOUCET /S/ Suzette A. Doucet ----------------------- Suzette A. Doucet, individually Page 9 of 10 Pages EXHIBIT 1 JOINT ACQUISITION STATEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on Schedule 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate. Date: February 12, 2009 DOUCET CAPITAL, LLC /S/ Christopher L. Doucet --------------------------- Name: Christopher L. Doucet Title: Managing Member DOUCET ASSET MANAGEMENT, LLC By: Doucet Capital, LLC, its managing member /S/ Christopher L. Doucet --------------------------- Name: Christopher L. Doucet Title: Managing Member CHRISTOPHER L. DOUCET /S/ Christopher L. Doucet ------------------------- Christopher L. Doucet SUZETTE A. DOUCET /S/ Suzette A. Doucet --------------------- Suzette A. Doucet Page 10 of 10 Pages -----END PRIVACY-ENHANCED MESSAGE-----