-----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, Dei/cJiysXLW0YiG/zMbVKM5NvnZyJm6JDi8MqrGXS+rooxR9YisirufUEo2vaTa uvCgYaLosp74nUbDey9l0g== 0000935836-08-000205.txt : 20080407 0000935836-08-000205.hdr.sgml : 20080407 20080407172724 ACCESSION NUMBER: 0000935836-08-000205 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080407 DATE AS OF CHANGE: 20080407 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PROGRESSIVE GAMING INTERNATIONAL CORP CENTRAL INDEX KEY: 0000912241 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS MANUFACTURING INDUSTRIES [3990] IRS NUMBER: 880218876 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-52831 FILM NUMBER: 08743772 BUSINESS ADDRESS: STREET 1: 920 PILOT ROAD CITY: LAS VEGAS STATE: NV ZIP: 89119 BUSINESS PHONE: 7028963890 MAIL ADDRESS: STREET 1: 920 PILOT ROAD CITY: LAS VEGAS STATE: NV ZIP: 89119 FORMER COMPANY: FORMER CONFORMED NAME: MIKOHN GAMING CORP DATE OF NAME CHANGE: 19930920 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Matthes Capital Management, LLC CENTRAL INDEX KEY: 0001431502 IRS NUMBER: 000000000 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: ONE MARITIME PLAZA, SUITE 1555 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 BUSINESS PHONE: (415) 765-5155 MAIL ADDRESS: STREET 1: ONE MARITIME PLAZA, SUITE 1555 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 SC 13G 1 progressive.htm PROGRESSIVE

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. ___________)

 

Progressive Gaming International Corporation

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

 

743325102

(CUSIP Number)

 

December 31, 2007*

(Date of Event Which Requires Filing of this Statement)

*The number of securities reported herein as being beneficially owned are as of the date of filing.

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).

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).

Matthes Capital Management, LLC

2. Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ______

(b) X

3. SEC Use Only

4. Citizenship or Place of Organization California

Number of

Shares

Beneficially

Owned by

Each Reporting

Person With:

5. Sole Voting Power -0-

6. Shared Voting Power 3,312,802

7. Sole Dispositive Power -0-

8. Shared Dispositive Power 3,312,802

9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,312,802

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) ______

11. Percent of Class Represented by Amount in Row (9) 5.3%

12. Type of Reporting Person (See Instructions)

IA

 

1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).

Matthes Capital Management, Inc.

2. Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ______

(b) X

3. SEC Use Only

4. Citizenship or Place of Organization California

Number of

Shares

Beneficially

Owned by

Each Reporting

Person With:

5. Sole Voting Power -0-

6. Shared Voting Power 3,312,802

7. Sole Dispositive Power -0-

8. Shared Dispositive Power 3,312,802

9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,312,802

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) ______

11. Percent of Class Represented by Amount in Row (9) 5.3%

12. Type of Reporting Person (See Instructions)

CO

1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).

Andrew G. Matthes

2. Check the Appropriate Box if a Member of a Group (See Instructions)

(a) ______

(b) X

3. SEC Use Only

4. Citizenship or Place of Organization United States

Number of

Shares

Beneficially

Owned by

Each Reporting

Person With:

5. Sole Voting Power -0-

6. Shared Voting Power 3,312,802

7. Sole Dispositive Power -0-

8. Shared Dispositive Power 3,312,802

9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,312,802

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) ______

11. Percent of Class Represented by Amount in Row (9) 5.3%

12. Type of Reporting Person (See Instructions)

IN

Item 1.

(a) Name of Issuer

Progressive Gaming International Corporation

(b) Address of Issuer's Principal Executive Offices

920 Pilot Road, Las Vegas, NV 89119

Item 2.

(a) The names of the persons filing this statement are:

Matthes Capital Management, LLC ("MCM"), Matthes Capital Management, Inc. ("MCMI"), and Andrew G. Matthes ("Matthes")
(collectively, the "Filers").

(b) The principal business office of the Filers is located at:
One Maritime Plaza, Suite 1555, San Francisco, CA 94111

(c) For citizenship of Filers, see Item 4 of the cover sheet for each Filer.

(d) This statement relates to shares of common stock of the Issuer (the "Stock").

(e) The CUSIP number of the Issuer is: 743325102

Item 3. If this statement is filed pursuant to rule 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [X] An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E).

(f) [ ] An employee benefit plan or endowment fund in accordance with section 240.13d-1(b)(1)(ii)(F).

(g) [X] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G)

(h) [ ] A savings association as defined in section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

(j) [ ] Group, in accordance with section 240.13d-1(b)(1)(ii)(J).

 

Item 4. Ownership.

See Items 5-9 and 11 of the cover page for each Filer.

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 five percent of the class of securities, check the following [ ].

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

MCM is an investment adviser whose clients have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Stock. No client individually beneficially owns more than 5% of the Stock. MCMI is the manager of MCM and Matthes is the president of MCMI.

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.

The Filers are filing this Schedule 13G jointly, but not as members of a group, and each disclaims membership in a group with any other person. In addition, each Filer disclaims beneficial ownership of the stock except to the extent of that person's pecuniary interest therein.

Item 9. Notice of Dissolution of Group

Not applicable.

Item 10. Certification.

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.

Dated: April 7, 2008

MATTHES CAPITAL MANAGEMENT, LLC

 

 

By: /s/ Andrew. G. Matthes

President of Matthes Capital Management,

Inc., Manager of Matthes Capital

Management, LLC

MATTHES CAPITAL MANAGEMENT, INC.

 

 

By: /s/ Andrew G. Matthes

President of Matthes Capital Management,

Inc.

 

 

 

/s/ Andrew G. Matthes

 

 

 

 

 

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