0001387749-13-000002.txt : 20130213 0001387749-13-000002.hdr.sgml : 20130213 20130213075316 ACCESSION NUMBER: 0001387749-13-000002 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20130213 DATE AS OF CHANGE: 20130213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GLOBAL AXCESS CORP CENTRAL INDEX KEY: 0000852570 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 880199674 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-40862 FILM NUMBER: 13599613 BUSINESS ADDRESS: STREET 1: 7800 BELFORT PARKWAY STREET 2: SUITE 165 CITY: JACKSONVILLE STATE: FL ZIP: 32256 BUSINESS PHONE: 9042803950 MAIL ADDRESS: STREET 1: 7800 BELFORT PARKWAY STREET 2: SUITE 165 CITY: JACKSONVILLE STATE: FL ZIP: 32256 FORMER COMPANY: FORMER CONFORMED NAME: NETHOLDINGS COM INC DATE OF NAME CHANGE: 20001113 FORMER COMPANY: FORMER CONFORMED NAME: XPLORER S A DATE OF NAME CHANGE: 19960903 FORMER COMPANY: FORMER CONFORMED NAME: GERANT INDUSTRIES INC DATE OF NAME CHANGE: 19930513 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 r13ggaxc02122013.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* ------ Global Axcess Corp -------------------------------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------------------------------- (Title of Class of Securities) 37941L206 ----------------- (CUSIP Number) February 12, 2013 ----------------------------------------------------- (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. 37941L206 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 1,932,353 ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 ----------------------------------------------------------------- PERSON 8 SHARED DISPOSITIVE POWER WITH 1,932,353 -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,932,353 -------------------------------------------------------------------------------- 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 8.56% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* HC -------------------------------------------------------------------------------- ------------------- ------------------ CUSIP No. 37941L206 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 1,932,353 ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 ----------------------------------------------------------------- PERSON 8 SHARED DISPOSITIVE POWER WITH 1,932,353 -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,932,353 -------------------------------------------------------------------------------- 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 8.56% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA -------------------------------------------------------------------------------- ------------------- ------------------ CUSIP No. 37941L206 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 1,932,353 ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 ----------------------------------------------------------------- PERSON 8 SHARED DISPOSITIVE POWER WITH 1,932,353 -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,932,353 -------------------------------------------------------------------------------- 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 8.56% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN -------------------------------------------------------------------------------- ------------------- ------------------ CUSIP No. 37941L206 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 1,932,353 ----------------------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 ----------------------------------------------------------------- PERSON 8 SHARED DISPOSITIVE POWER WITH 1,932,353 -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,932,353 -------------------------------------------------------------------------------- 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 8.56% -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN -------------------------------------------------------------------------------- Item 1(a) Name of Issuer: Global Axcess Corp -------------------------------------------------------------------- Item 1(b) Address of Issuer's Principal Executive Offices: 7800 Belfort Parkway Jacksonville, FL 32256 -------------------------------------------------------------------- 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 304 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: 37941L206 -------------------------------------------------------------------- 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 Feburary 12, 2013): (a) Amount owned "beneficially" within the meaning of rule 13d-3: (i) Doucet Capital, LLC: 1,932,353 (ii) Doucet Asset Management, LLC: 1,932,353 (iii) Christopher L. Doucet: 1,932,353 (iv) Suzette A. Doucet: 1,932,353 ----------------------------------------------------------------- (b) Percent of class: (i) Doucet Capital, LLC: 8.56% (ii) Doucet Asset Management, LLC: 8.56% (iii) Christopher L. Doucet: 8.56% (iv) Suzette A. Doucet: 8.56% ----------------------------------------------------------------- (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: 1,932,353 (ii) Doucet Asset Management, LLC: 1,932,353 (iii) Christopher L. Doucet: 1,932,353 (iv) Suzette A. Doucet: 1,932,353 (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: 1,932,353 (ii) Doucet Asset Management, LLC: 1,932,353 (iii) Christopher L. Doucet: 1,932,353 (iv) Suzette A. Doucet: 1,932,353 ----------------------------------------------------------------- Item 5 Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5% of the class of securities, check the following [ ]. -------------------------------------------------------------------- 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, 2013 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, 2013 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