-----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, WvbFaY741t7Tmi1EBqa6oZNrtYm8XT9YPwmupOOBXlOeOP5FvK6xEsmqTigEqmY4 wh/vhzIZ3xsNUuP/cEYjRQ== 0001019056-08-001079.txt : 20080820 0001019056-08-001079.hdr.sgml : 20080820 20080820143608 ACCESSION NUMBER: 0001019056-08-001079 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080820 DATE AS OF CHANGE: 20080820 GROUP MEMBERS: COSTA BRAVA PARTNERSHIP III L.P. GROUP MEMBERS: ROARK, REARDEN & HAMOT, LLC GROUP MEMBERS: SETH W. HAMOT SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DG FastChannel, Inc CENTRAL INDEX KEY: 0000934448 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 943140772 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-49603 FILM NUMBER: 081029825 BUSINESS ADDRESS: STREET 1: 750 WEST JOHN CARPENTER FREEWAY STREET 2: SUITE 700 CITY: IRVING STATE: TX ZIP: 75039 BUSINESS PHONE: 972 581 2000 MAIL ADDRESS: STREET 1: 750 WEST JOHN CARPENTER FREEWAY STREET 2: SUITE 700 CITY: IRVING STATE: TX ZIP: 75039 FORMER COMPANY: FORMER CONFORMED NAME: DIGITAL GENERATION SYSTEMS INC DATE OF NAME CHANGE: 19951214 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Costa Brava Partnership III LP CENTRAL INDEX KEY: 0001319959 IRS NUMBER: 043387028 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 420 BOYLSTON STREET CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 617-595-4400 MAIL ADDRESS: STREET 1: 420 BOYLSTON STREET CITY: BOSTON STATE: MA ZIP: 02116 SC 13G 1 dgfastchannel_13g.htm SCHEDULE 13G

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

 

DG FastChannel, Inc. (formerly Digital Generation Systems, Inc.)


(Name of Issuer)

 

Common Stock, $0.001 Par Value


(Title of Class of Securities)

 

23326R109


(CUSIP Number)

 

May 8, 2008


(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

 

o

     Rule 13d-1(b)

 

 

x

     Rule 13d-1(c)

 

 

o

     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.: 23326R109

13G

Page 2 of 9 Pages


 

 

 

 

 


1.

Names of Reporting Persons: Costa Brava Partnership III L.P.
      I.R.S. Identification Nos. of above persons (entities only): 04-3387028

 

 

 

 

 


2.

Check the Appropriate Box if a Member of a Group (See Instructions)
(a) o
(b) o

 

 

 

 

 


3.

SEC Use Only

 

 

 

 

 


4.

Citizenship or Place of Organization: A Delaware limited partnership

 

 

 

 

 


Number of
Shares
Beneficially
Owned by
Each Reporting
Person With

5.

Sole Voting Power:

973,2331

 

 

 




6.

Shared Voting Power:

-0-

 

 

 




7.

Sole Dispositive Power:

973,2331

 

 

 




8.

Shared Dispositive Power:

-0-

 

 

 

 

 


9.

Aggregate Amount Beneficially Owned by Each Reporting Person: 973,2331

 

 

 

 

 


10.

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

 

 

 

 

 


11.

Percent of Class Represented by Amount in Row (9): 5.4%2

 

 

 

 

 


12.

Type of Reporting Person (See Instructions): PN

 

 

 

 

 


 


 


 


 


 




          1 The Reporting Persons were the beneficial owners of 973,233 shares of the Issuer’s Common Stock, $0.001 par value on August 20, 2008.

          2 The percentage ownership of the Reporting Persons in the Issuer's Common Stock, $0.001 par value is based upon 17,937,810 issued and outstanding shares as reported by the Issuer in its filing on Form 10-Q for the fiscal quarter ended June 30, 2008.


 

 

 

CUSIP No.: 23326R109

13G

Page 3 of 9 Pages


 

 

 

 

 


1.

Names of Reporting Persons: Roark, Rearden & Hamot, LLC
       I.R.S. Identification Nos. of above persons (entities only):    10-0000708

 

 

 

 

 


2.

Check the Appropriate Box if a Member of a Group (See Instructions)
(a) o
(b) o

 

 

 

 

 


3.

SEC Use Only

 

 

 

 

 


4.

Citizenship or Place of Organization: A Delaware limited liability company

 

 

 

 

 


Number of
Shares
Beneficially
Owned by
Each Reporting
Person With

5.

Sole Voting Power:

973,2331

 

 

 




6.

Shared Voting Power:

-0-

 

 

 




7.

Sole Dispositive Power:

973,2331

 

 

 




8.

Shared Dispositive Power:

-0-

 

 

 

 

 


9.

Aggregate Amount Beneficially Owned by Each Reporting Person: 973,2331

 

 

 

 

 


10.

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

 

 

 

 

 


11.

Percent of Class Represented by Amount in Row (9): 5.4%2

 

 

 

 

 


12.

Type of Reporting Person (See Instructions): OO - Other

 

 

 

 

 


 


 


 


 


 




          1 The Reporting Persons were the beneficial owners of 973,233 shares of the Issuer’s Common Stock, $0.001 par value on August 20, 2008.

          2 The percentage ownership of the Reporting Persons in the Issuer's Common Stock, $0.001 par value is based upon 17,937,810 issued and outstanding shares as reported by the Issuer in its filing on Form 10-Q for the fiscal quarter ended June 30, 2008.


 

 

 

CUSIP No.: 23326R109

13G

Page 4 of 9 Pages


 

 

 

 

 


1.

Names of Reporting Persons: Seth W. Hamot
     I.R.S. Identification Nos. of above persons (entities only):

 

 

 

 

 


2.

Check the Appropriate Box if a Member of a Group (See Instructions)
(a) o
(b) o

 

 

 

 

 


3.

SEC Use Only

 

 

 

 

 


4.

Citizenship or Place of Organization: A United States citizen

 

 

 

 

 


Number of
Shares
Beneficially
Owned by
Each Reporting
Person With

5.

Sole Voting Power:

973,2331

 

 

 




6.

Shared Voting Power:

-0-

 

 

 




7.

Sole Dispositive Power:

973,2331

 

 

 




8.

Shared Dispositive Power:

-0-

 

 

 

 

 


9.

Aggregate Amount Beneficially Owned by Each Reporting Person: 973,2331

 

 

 

 

 


10.

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

 

 

 

 

 


11.

Percent of Class Represented by Amount in Row (9): 5.4%2

 

 

 

 

 


12.

Type of Reporting Person (See Instructions): IN, HC

 

 

 

 

 


 


 


 


 


 




          1 The Reporting Persons were the beneficial owners of 973,233 shares of the Issuer’s Common Stock, $0.001 par value on August 20, 2008.

          2 The percentage ownership of the Reporting Persons in the Issuer's Common Stock, $0.001 par value is based upon 17,937,810 issued and outstanding shares as reported by the Issuer in its filing on Form 10-Q for the fiscal quarter ended June 30, 2008.


Item 1.

 

 

 

(a) Name of Issuer:

 

 

 

      DG FastChannel, Inc.

 

 

 

(b) Address of Issuer’s Principal Executive Offices:

 

 

 

      750 West John Carpenter Freeway, Suite 700
      Irving, TX 75039

Item 2.

 

 

 

(a) Name of Person Filing:

 

 

          The name of the person filing is Costa Brava Partnership III L.P. Seth W. Hamot is the president of Roark, Rearden & Hamot, LLC, which is the general partner of Costa Brava Partnership III L.P. Each of the parties listed in the immediately preceding sentence is referred to individually as a “Reporting Person” and collectively as the “Reporting Persons.” All of the shares of Common Stock, $0.001 par value that were beneficially owned by the Reporting Persons were held by Costa Brava Partnership III L.P.

 

 

 

(b) Address of Principal Business Office or, if None, Residence:

 

 

 

          The principal business address of each of Costa Brava Partnership III L.P., Seth W. Hamot, and Roark, Rearden & Hamot, LLC is 420 Boylston Street, Boston, MA 02116.

 

 

 

(c) Citizenship:

 

 

 

          Costa Brava Partnership III L.P. is a Delaware limited partnership. Roark, Rearden & Hamot, LLC is a Delaware limited liability company. Seth W. Hamot is a United States citizen.

 

 

 

(d) Title of Class of Securities:

 

 

 

          Common Stock, $0.001 par value

 

 

 

(e) CUSIP Number:

 

 

 

          23326R109



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:

 

 

 

(a)

o

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

 

 

 

(b)

o

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

 

 

 

(c)

o

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

 

 

 

(d)

o

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

 

 

 

(e)

o

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

 

 

(f)

o

An employee benefit plan or endowment fund in accordance with §240.13d- 1(b)(1)(ii)(F);

 

 

 

(g)

o

A parent holding company or control person in accordance with § 240.13d- 1(b)(1)(ii)(G);

 

 

 

(h)

o

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

 

 

(i)

o

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)

o

Group, in accordance with §240.13d-1(b)(1)(ii)(J).

 

 

 

 

 

          Not Applicable.

Item 4. Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a) through (c):

 

 

 

The information requested hereunder is set forth in Items 5 through 9 and 11 of the cover pages to this Schedule 13G.

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 o.

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

 

 

 

          Not Applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

 

 

 

          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.

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.

The Reporting Persons have agreed that this Schedule may be filed by Costa Brava Partnership III L.P. on behalf of all of them jointly pursuant to Rule 13d-1(k)(1). A copy of such agreement is attached as an Exhibit to this Schedule.


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:

 August 20, 2008

 

 

 

 

COSTA BRAVA PARTNERSHIP III L.P.

 

 

 

 

By:

Roark, Rearden & Hamot, LLC

 

 

its General Partner

 

 

 

 

By:

/s/ Seth W. Hamot

 

 


 

 

Name: Seth W. Hamot

 

 

Title:   President


 

 

Attention:

Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).



EXHIBIT INDEX

 

 

Exhibit 1

Agreement Regarding the Joint Filing of Schedule 13G



Exhibit 1

AGREEMENT REGARDING
THE JOINT FILING OF SCHEDULE 13G

The undersigned hereby agree as follows:

(i) Each of them is individually eligible to use the Schedule 13G to which this Exhibit is attached, and such Schedule 13G is filed on behalf of each of them; and

(ii) Each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.

Dated: August 20, 2008

 

 

 

 

COSTA BRAVA PARTNERSHIP III L.P.

 

 

 

 

By:

Roark, Rearden & Hamot, LLC, its

 

 

General Partner

 

 

 

 

By:

/s/ Seth W. Hamot

 

 


 

 

Name: Seth W. Hamot

 

 

Title:  President

 

 

 

 

ROARK, REARDEN & HAMOT, LLC

 

 

 

 

By:

/s/ Seth W. Hamot

 

 


 

 

Name: Seth W. Hamot

 

 

Title:  President

 

 

 

 

SETH W. HAMOT

 

 

 

 

By:

/s/ Seth W. Hamot

 

 


 

 

Seth W. Hamot



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