0001580695-16-000725.txt : 20160913 0001580695-16-000725.hdr.sgml : 20160913 20160913165245 ACCESSION NUMBER: 0001580695-16-000725 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20160913 DATE AS OF CHANGE: 20160913 GROUP MEMBERS: R. D. TIPS, INC. GROUP MEMBERS: ROBERT D. TIPS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LUCAS ENERGY, INC. CENTRAL INDEX KEY: 0001309082 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 980417780 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-82121 FILM NUMBER: 161883320 BUSINESS ADDRESS: STREET 1: 450 GEARS ROAD STREET 2: SUITE 780 CITY: HOUSTON STATE: TX ZIP: 77067 BUSINESS PHONE: 713-528-1881 MAIL ADDRESS: STREET 1: 450 GEARS ROAD STREET 2: SUITE 780 CITY: HOUSTON STATE: TX ZIP: 77067 FORMER COMPANY: FORMER CONFORMED NAME: Panorama Investments Corp DATE OF NAME CHANGE: 20041118 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MPII, Inc. CENTRAL INDEX KEY: 0001684020 IRS NUMBER: 742289574 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: PO BOX 14000 CITY: SAN ANTONIO STATE: TX ZIP: 78214 BUSINESS PHONE: 210-576-3398 MAIL ADDRESS: STREET 1: PO BOX 14000 CITY: SAN ANTONIO STATE: TX ZIP: 78214 SC 13D 1 mpii-sc13d_082516.htm SCHEDULE FILED TO REPORT ACQUISITION OF BENEFICIAL OWNERSHIP
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. ___)*

LUCAS ENERGY, INC.

(Name of Issuer)

COMMON STOCK, PAR VALUE $0.001 PER SHARE

(Title of Class of Securities)

549333300

(CUSIP Number)

Robert D. Tips

P.O. Box 14000

San Antonio, Texas 78214

Telephone: (210) 576-3398

 (Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

August 25, 2016

(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.  ☐

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

* 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 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. 549333300

 

| 1 | Names of Reporting Persons.  
  I.R.S. Identification Nos. of above persons (entities only).  
     
  MPII, Inc.  
     
| 2 | Check the Appropriate Box if a Member of a Group (a)[X]
    (b)[]
     
     
| 3 | SEC Use Only  
     
     
| 4 | Source of Funds  
  OO  
     
| 5 | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ]
     
| 6 | Citizenship or Place of Organization  
  Texas  

   
  | 7 | Sole Voting Power
  -0-
   
Number of Shares | 8 | Shared Voting Power
Beneficially 1,191,694 shares of Common Stock
Owned by Each  
Reporting            | 9 | Sole Dispositive Power
Person With -0-
   
  | 10 | Shared Dispositive Power
  1,191,694 shares of Common Stock

 

| 11 | Aggregate Amount Beneficially Owned by Each Reporting Person
 

 

1,191,694 shares of Common Stock

   
| 12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
 

 

Not applicable.

   
| 13 | Percent of Class Represented by Amount in Row (11)
  7.7% of the Issuer’s outstanding Common Stock
   
| 14 | Type of Reporting Person
  CO

 

 
 

CUSIP No. 549333300

 

| 1 | Names of Reporting Persons.  
  I.R.S. Identification Nos. of above persons (entities only).  
     
  R. D. Tips, Inc.  
     
| 2 | Check the Appropriate Box if a Member of a Group (a)[X]
    (b)[]
     
     
| 3 | SEC Use Only  
     
     
| 4 | Source of Funds  
  OO  
     
| 5 | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ]
     
| 6 | Citizenship or Place of Organization  
  Texas  

   
  | 7 | Sole Voting Power
  -0-
   
Number of Shares | 8 | Shared Voting Power
Beneficially 1,191,694 shares of Common Stock
Owned by Each  
Reporting            | 9 | Sole Dispositive Power
Person With -0-
   
  | 10 | Shared Dispositive Power
  1,191,694 shares of Common Stock

 

| 11 | Aggregate Amount Beneficially Owned by Each Reporting Person
 

 

1,191,694 shares of Common Stock

   
| 12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
 

 

Not applicable.

   
| 13 | Percent of Class Represented by Amount in Row (11)
  7.7% of the Issuer’s outstanding Common Stock
   
| 14 | Type of Reporting Person
  CO

 

 
 

CUSIP No. 549333300

 

| 1 | Names of Reporting Persons.  
  I.R.S. Identification Nos. of above persons (entities only).  
     
  Robert D. Tips  
     
| 2 | Check the Appropriate Box if a Member of a Group (a)[X]
    (b)[]
     
     
| 3 | SEC Use Only  
     
     
| 4 | Source of Funds  
  OO  
     
| 5 | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ]
     
| 6 | Citizenship or Place of Organization  
  United States Citizen  

   
  | 7 | Sole Voting Power
  -0-
   
Number of Shares | 8 | Shared Voting Power
Beneficially 1,191,694 shares of Common Stock
Owned by Each  
Reporting            | 9 | Sole Dispositive Power
Person With -0-
   
  | 10 | Shared Dispositive Power
  1,191,694 shares of Common Stock

 

| 11 | Aggregate Amount Beneficially Owned by Each Reporting Person
 

 

1,191,694 shares of Common Stock

   
| 12 | Check if the Aggregate Amount in Row (11) Excludes Certain Shares
 

 

Not applicable.

   
| 13 | Percent of Class Represented by Amount in Row (11)
  7.7% of the Issuer’s outstanding Common Stock
   
| 14 | Type of Reporting Person
  IN

 

 
 

CUSIP No. 549333300

 

Item 1. Security and Issuer

This Schedule 13D relates to the common stock, $0.001 par value per share (“Common Stock”) of Lucas Energy, Inc. (the “Company” or the “Issuer”). The principal executive offices of the Company are located at 450 Gears Road, Suite 860, Houston, Texas 77067.

Item 2. Identity and Background

(a)           This statement is filed by MPII, Inc., a Texas corporation (“MPII”), R. D. Tips, Inc., a Texas corporation (“R. D.”) and Robert D. Tips (“Tips”). Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.

 

Tips is the Chief Executive Officer and 100% owner of R. D., which in turn owns 100% of MPII (which Tips also serves as the Chief Executive Officer of). By virtue of this relationship, Tips and R. D. are deemed to beneficially own the securities beneficially owned by MPII.

Tips was appointed as a member of the Board of Directors of the Company on August 26, 2016.

 

Each of the Reporting Persons is a party to that certain Joint Filing Agreement described in detail in Item 6. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D.

 

(b)           The principal business address of each of MPII, R. D. and Tips is P.O. Box 14000, San Antonio, Texas 78214.

(c)           The principal occupation of MPII and R. D. is the supervision of companies in funeral services and complimentary businesses. The principal occupation of Tips is serving as Chief Executive Officer of R. D. and MPII.

(d)           No Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

(e)           No Reporting Person has, during the last five years, been 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 violation with respect to such laws.

(f)           MPII is organized under the laws of the State of Texas. Tips is a citizen of the United States of America.

Item 3. Source of Amount of Funds or Other Compensation

Effective August 25, 2016 (the “Closing”), the Company closed the transactions contemplated by that certain Asset Purchase Agreement, entered into between the Company and twenty-three sellers (collectively, the “Sellers”), including MPII, as a Seller, and Segundo Resources, LLC, as a Seller and as a representative of the Sellers named therein (the “Representative”), dated December 31, 2015 (as amended to date, the “Purchase Agreement”). Pursuant to the Purchase Agreement, the Company acquired working interests in producing properties and undeveloped acreage in Texas and Oklahoma, including varied interests in two largely contiguous acreage blocks in the liquids-rich Mid-Continent region of the United States, and related wells, leases, records, equipment and agreements associated therewith (collectively, the “Assets”), from the Sellers (the “Acquisition”). In consideration for the purchase of the Assets, the Company assumed approximately $30.6 million of commercial bank debt, issued the Sellers (a) 552,000 shares of Series B Redeemable Preferred Stock (“Series B Preferred Stock”)(convertible into 3,941,280 shares of Common Stock, the “Series B Preferred Stock”)) and (b) 13,009,664 shares of restricted Common Stock (of which 1,184,725 shares were issued to MPII and additional 6,969 shares were transferred to MPII from another Seller post-closing); and (ii) paid the Sellers $4,975,000 in cash.

 
 

CUSIP No. 549333300

 

Item 4. Purpose of Transaction

The Reporting Persons acquired the securities for investment purposes. In the future, depending on general market and economic conditions affecting the Company and other relevant factors, the Reporting Persons may purchase additional securities of the Company or dispose of some or all of the securities they currently own from time to time in open market transactions, private transactions or otherwise.

The Reporting Persons do not currently have any plans or proposals which relate to or would result in the following described:

 

  (a) the acquisition by persons of additional securities of the Company, or the disposition of securities of the Company;

 

  (b) a reorganization involving the Company;

 

  (c) a sale or transfer of a material amount of assets of the Company or any of its subsidiaries;

 

  (d) a change in the present board of directors and management of the Company, including plans or proposals to change the number or term of directors or to fill any existing vacancies on the board (otherwise than as have already been effected following the Closing);

 

  (e) a material change in the present capitalization or dividend policy of the Company;

 

  (f) other material changes in the Company’s business or corporate structure;

 

  (g) changes in the Company’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Company by any person;

 

The Reporting Persons do not have any plans or proposals which relate to or result in:

 

  (h) causing a class of securities of the Company to be delisted from a national securities exchange or cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;

 

  (i) a class of equity securities of the Company becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or

 

  (j) any action similar to any of those enumerated in (h) through (j), above.

 

Item 5. Interest in Securities of the Issuer

 

  (a)

As of the close of business on September 1, 2016, the Reporting Persons beneficially own in aggregate 1,191,694 shares of Common Stock representing 7.7% of the 15,449,206 shares of the Company’s issued and outstanding Common Stock on such date as confirmed by the Company’s Transfer Agent on such date.

As of the close of business on September 1, 2016, MPII beneficially owns in aggregate 1,191,694 shares of Common Stock representing 7.7% of the 15,449,206 shares of the Company’s issued and outstanding Common Stock on such date as confirmed by the Company’s Transfer Agent on such date. By virtue of his relationship with MPII discussed in further detail in Item 2, Tips is deemed to beneficially own the shares of Common Stock beneficially owned by MPII. By virtue of its relationship with MPII discussed in further detail in Item 2, R. D. is deemed to beneficially own the shares of Common Stock beneficially owned by MPII.

     
  (b) Tips and R. D. may be deemed to have shared power with MPII, to vote and dispose of the securities reported in this Schedule 13D beneficially owned by MPII.  
     
  (c) See Item 3, above.

 

 
 

CUSIP No. 549333300

 

  (d) No other person has the right to receive or the power to direct the receipt of dividends from or the proceeds from the sale of the securities beneficially owned by the Reporting Persons.

 

  (e) N/A.

 

Item 6. Contracts, Arrangements, Understanding or Relationships with Respect to Securities of the Issuer

 

The Reporting Persons have entered into a Joint Filing Agreement pursuant to which, among other things, the parties agreed to the joint filing on behalf of each of them of statements on Schedule 13D with respect to the securities of the Issuer. The Joint Filing Agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Except as set forth herein, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer.

Item 7. Material to be Filed as Exhibits

 

Exhibit No. Description
   
99.1 Joint Filing Agreement by and among MPII, Inc., R. D. Tips, Inc. and Robert D. Tips, dated September 7, 2016

 

Signatures

After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: September 7, 2016

MPII, Inc.

 

 

/s/ Robert D. Tips
Robert D. Tips
Chief Executive Officer

  

R. D. Tips, Inc.

 

 

/s/ Robert D. Tips
Robert D. Tips
Chief Executive Officer

  

/s/ Robert D. Tips
Robert D. Tips

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of the filing person), evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement: provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

 

 

EX-99.1 2 ex99-1.htm JOINT FILING AGREEMENT
 

Lucas Energy, Inc. SC 13D

 

Exhibit 99.1

Joint Filing Agreement

 

In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D dated September 7, 2016 (including amendments thereto) with respect to the Common Stock of Lucas Energy, Inc.  This Joint Filing Agreement shall be filed as an Exhibit to such Statement.  The undersigned acknowledge that each shall be responsible for the timely filing of any amendments to such Statement, and for the completeness and accuracy of the information concerning him or it contained in such Statement and any amendments thereto, 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.

 

Dated:  September 7, 2016

 

  MPII, Inc.
     
    /s/ Robert D. Tips
    Robert D. Tips
    Chief Executive Officer
     
  R. D. Tips, Inc.
     
     
    /s/ Robert D. Tips
    Robert D. Tips
    Chief Executive Officer
     
  /s/ Robert D. Tips
  Robert D. Tips