-----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, QWmxFSHmyTjozXbfN617gLWIdnbfMBVW6zXrD/aKLo3AUxe+MubTuF00lcNhCb02 Ww0CeJfD9gtnZVelcgHkZA== 0001144204-11-009096.txt : 20110215 0001144204-11-009096.hdr.sgml : 20110215 20110215172858 ACCESSION NUMBER: 0001144204-11-009096 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110215 DATE AS OF CHANGE: 20110215 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: META FINANCIAL GROUP INC CENTRAL INDEX KEY: 0000907471 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 421406262 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-54707 FILM NUMBER: 11615283 BUSINESS ADDRESS: STREET 1: 121 EAST FIFTH STREET STREET 2: P O BOX 1307 CITY: STORM LAKE STATE: IA ZIP: 50588 BUSINESS PHONE: 7127324117 MAIL ADDRESS: STREET 1: 121 EAST FIFTH STREET STREET 2: P O BOX 1307 CITY: STORM LAKE STATE: IA ZIP: 50588 FORMER COMPANY: FORMER CONFORMED NAME: FIRST MIDWEST FINANCIAL INC DATE OF NAME CHANGE: 19930618 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Nantahala Capital Management, LLC CENTRAL INDEX KEY: 0001472322 IRS NUMBER: 201151760 STATE OF INCORPORATION: MA FISCAL YEAR END: 1209 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 265 CHURCH STREET STREET 2: SUITE 201 CITY: NEW HAVEN STATE: CT ZIP: 06510 BUSINESS PHONE: (203) 909-6430 MAIL ADDRESS: STREET 1: 265 CHURCH STREET STREET 2: SUITE 201 CITY: NEW HAVEN STATE: CT ZIP: 06510 SC 13D/A 1 v211663_sc13d-a.htm
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D

UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)*

Meta Financial Group, Inc.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

5900U108
(CUSIP Number)

Wilmot B. Harkey
Nantahala Capital Management, LLC
100 First Stamford Place, 2nd Floor
Stamford, CT 06902
(203)909-6431
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

February 14, 2011
(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

*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 disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities and 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.)



(Continued on following page(s))
 
 
 

 

 
CUSIP No. 5900U108
 
13D
 
1.
name of reporting persons
Nantahala Capital Management, LLC
2.
check the appropriate box if a member of a group*
(a) o 
(b) x
3.
sec use only
 
4.
source of funds*
AF
5.
check box if disclosure of legal proceeding is required pursuant to items 2(d) or 2(e)
o
6.
citizenship or place of organization
United States
number of shares beneficially owned by each reporting person with
7.
sole voting power
152,844
8.
shared voting power
0
9.
sole dispositive power
152,844
10.
shared dispositive power
0
11.
aggregate amount beneficially owned by each reporting person
152,844
12.
check box if the aggregate amount in row (11) excludes certain shares*
o
13.
percent of class represented by amount in row (11)
4.91%
14.
type of reporting person*
OO
 
 
 
 

 


Item 1.  Security and Issuer.
 
This amendment relates to the Common Stock, $0.01 par value, of Meta Financial Group, Inc.  The address of the principal executive offices of the Issuer is 121 Fifth Street, Storm Lake, Iowa 50588.
 
Item 2.  Identity and Background.

(a)
The name of the Reporting Person is Nantahala Capital Management, LLC (“NCM” or the “Reporting Person”).

Nantahala Capital Management, LLC is general partner and/or the investment manager of the following entities (each, an “Investment Vehicle,” collectively the “Investment Vehicles”), and in such capacity exercises voting and dispositive power over the securities beneficially owned by each of them.

Nantahala Capital Partners Limited Partnership
Nantahala Capital Partners II Limited Partnership
Blackwell Partners LLC
Silver Creek CS SAV, LLC

Set forth in Annex A attached hereto and incorporated herein by reference is a listing of the directors, general partners, managing members and controlling person of the Reporting Person and the Investment Vehicles (collectively, the “Covered Persons”), and sets forth the principal occupation, citizenship and principal place of business of each Covered Person.

The Reporting Person filed its initial statement on November 4, 2010, having acquired more than 5% ownership of the Issuer’s outstanding class of Common Stock on October 25, 2010 (the “Initial Statement”).    The Initial Statement was filed erroneously as a group, and included the Investment Vehicles (except for Nantahala Capital Partners II Limited Partnership, which was not yet formed) as members.  This amendment removes the Investment Vehicles as group members and is filed only by Nantahala Capital Management, LLC as the Reporting Person.


(b)
The principal business address of the Reporting Person is:

100 First Stamford Place, 2nd Floor
Stamford, CT 06902

(c)
The principal business of Nantahala Capital Management, LLC is the performance of investment management and advisory services.  The principal business of the Investment Vehicles is investment in securities.

(d)
The Reporting Person, nor to the best of its knowledge, none of the Covered Persons, has, in the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e)
The Reporting Person, nor to the best of its knowledge, any persons listed in the Annex hereto, has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws.

(f)
The place of organization of the Reporting Person is as follows:
 
 
 

 

 
Nantahala Capital Management, LLC is a Massachusetts limited liability company.
 
The citizenship of each Covered Person is set forth on Annex A attached hereto and incorporated herein by reference.
 
Item 3.  Source and Amount of Funds or Other Consideration.

The securities to which this statement relates were acquired by the Reporting Person using the funds of each Investment Vehicle as follows:

Nantahala Capital Partners Limited Partnership:  $955,183
Nantahala Capital Partners II Limited Partnership:  $65,598
Blackwell Partners LLC:  $1,589,951
Silver Creek CS SAV, LLC:  $240,808

Item 4.  Purpose of Transaction.

The Reporting Person acquired the securities to which this statement relates for investment purposes and does not have a present intent to acquire or influence control over the business of the Issuer. The Reporting Person may, from time to time, dispose of some or all of such securities, acquire additional securities of the Issuer, or continue to hold such securities, depending on business and market conditions, the Reporting Person’s continuing evaluation of the business and prospects of the Issuer and other factors.  The Reporting Person does not have any current plans, proposals or negotiations that relate to or would result in any of the matters referred to in paragraphs (a) through (j) of Item 4 of Schedule 13D.
 
Item 5.  Interest in Securities of the Issuer.
 
The Reporting Person filed its initial statement on November 4, 2010, having acquired more than 5% ownership of the Issuer’s outstanding class of Common Stock on October 25, 2010 (the “Initial Statement”).    The Initial Statement was filed erroneously as a group, and included the Investment Vehicles (except for Nantahala Capital Partners II Limited Partnership, which was not yet formed) as members.  This amendment removes the Investment Vehicles as group members.

The percentages of the class of securities set forth below are based on 3,112,000 shares of the Issuer’s Common Stock outstanding as of February 14, 2011.

(a)
The aggregate number and percentage of the class of securities beneficially owned by each Reporting Person is as follows:

152,844 shares (4.91%)
 
 
 

 
 
(b)
The number of shares as to which each Reporting Person has:

(i)  Sole power to vote or to direct the vote:

152,844 shares (4.91%)

(ii)  Shared power to vote or to direct the vote:

0 shares (0%)

(iii)  Sole power to dispose or to direct the disposition of:

152,844 shares (4.91%)

(iv)  Shared power to dispose or to direct the disposition of:

0 shares (0%)

(c)
During the past sixty days, the Reporting Person effected the transactions in the Issuer’s securities (all of which transactions were purchases effected in the open market):

Date
 
Transaction
Quantity
 
Price per Share (net of fees)
3-Jan-11
 
BUY
2034
 
13.86500493
4-Jan-11
 
BUY
861
 
13.86505747
6-Jan-11
 
BUY
1001
 
13.714995
7-Jan-11
 
BUY
599
 
13.79499165
14-Jan-11
 
SELL
-1241
 
15.22973169
18-Jan-11
 
SELL
-3759
 
15.27179982
20-Jan-11
 
SELL
-5000
 
15.22969738
21-Jan-11
 
SELL
-4700
 
15.35969128
7-Feb-11
 
SELL
-10000
 
15.71749405
8-Feb-11
 
SELL
-10600
 
15.94368465
9-Feb-11
 
SELL
-9400
 
16.07078011
10-Feb-11
 
SELL
-1300
 
16.05963097
11-Feb-11
 
SELL
-13500
 
16.30758742
14-Feb-11
 
SELL
-7512
 
16.3081888

 
(d)
Except as set forth in this Schedule 13D, no person other than (i) the Reporting Person and (ii) limited partners and other beneficial owners of interests in the reporting persons (none of whose interests relate to more than 5% of the Issuer’s Common Stock) is known to have the right to receive, or the power to direct the receipt of, dividends from, or proceeds from the sale of, the securities to which this statement relates.

(e)
Not applicable
 
 
 

 
 
Item 6.   Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

None.
 
Item 7.     Material to be Filed as Exhibits.

None.
 
 
 
 

 
 
 
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:  February 15, 2011
Nantahala Capital Management, LLC
 
     
 
By:
/s/ Wilmot B. Harkey
 
   
Wilmot B. Harkey
Managing Member
 














 
 

 
 
Annex A

MANAGERS AND GENERAL PARTNERS OF THE REPORTING PERSON AND THE INVESTMENT VEHICLES

The following sets forth the name, principal occupation, citizenship or jurisdiction of organization and principal place of business of the directors, general partners, managing members or controlling persons (the “Covered Persons”) of the Reporting Person and the Investment Vehicles indicated below:
 
Nantahala Capital Management, LLC
 
Name
Title or Relationship with Reporting Person
Principal Occupation or Employment
Citizenship or Jurisdiction of Organization
Principal Place of Business
Wilmot B. Harkey
Managing Member
Investment Management
United States
(1)
Daniel J. Mack
Managing Member
Investment Management
United States
(1)

Nantahala Capital Partners Limited Partnership
 
Name
Title or Relationship with Investment Vehicle
Principal Occupation or Employment
Citizenship or Jurisdiction of Organization
Principal Place of Business
Nantahala Capital Management, LLC
General Partner
Investment Management
Massachusetts
(1)
 
Nantahala Capital Partners II Limited Partnership
 
Name
Title or Relationship with Investment Vehicle
Principal Occupation or Employment
Citizenship or Jurisdiction of Organization
Principal Place of Business
Nantahala Capital Management, LLC
General Partner
Investment Management
Delaware
(1)

 
Blackwell Partners LLC
 
Name
Title or Relationship with Investment Vehicle
Principal Occupation or Employment
Citizenship or Jurisdiction of Organization
Principal Place of Business
Wilmot B. Harkey
Investment Manager
Investment Management
United States
(1)
Daniel J. Mack
Investment Manager
Investment Management
United States
(1)
 
Silver Creek CS SAV, LLC
 
Name
Title or Relationship with Investment Vehicle
Principal Occupation or Employment
Citizenship or Jurisdiction of Organization
Principal Place of Business
Wilmot B. Harkey
Investment Manager
Investment Management
United States
(1)
Daniel J. Mack
Investment Manager
Investment Management
United States
(1)
 
  (1)  The address of the principal place of business of each of the Covered Persons is 100 First Stamford Place, Second Floor, Stamford, Connecticut 06902

 
 
 

 
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