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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
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
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 persons 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).
Persons who 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.
CUSIP No. 530370-10-5 | Page 2 of 14 | |||||
1. | Name of Reporting Person: Raycom Media, Inc. |
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) | þ | |||||
3. | SEC Use Only: | |||||
4. | Source of Funds (See Instructions): Not Applicable |
|||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o | |||||
6. | Citizenship or Place of Organization: Delaware |
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Number of Shares Beneficially Owned by Each Reporting Person With | ||||||
7. | Sole Voting Power: 0 | |||||
8. | Shared Voting Power: 3,581,599 | |||||
9. | Sole Dispositive Power: 0 | |||||
10. | Shared Dispositive Power: 3,581,599 | |||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person: 3,581,599 |
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12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): o |
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13. | Percent of Class Represented by Amount in Row (11): 19.6% | |||||
14. | Type of Reporting Person (See Instructions): CO | |||||
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CUSIP No. 530370-10-5 | Page 3 of 14 | |||||
1. | Name of Reporting Person: RL 123, Inc. |
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) | þ | |||||
3. | SEC Use Only: | |||||
4. | Source of Funds (See Instructions): Not applicable |
|||||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e): o | |||||
6. | Citizenship or Place of Organization: Delaware |
|||||
Number of Shares Beneficially Owned by Each Reporting Person With | ||||||
7. | Sole Voting Power: 0 | |||||
8. | Shared Voting Power: 3,581,599 | |||||
9. | Sole Dispositive Power: 0 | |||||
10. | Shared Dispositive Power: 3,581,599 | |||||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person: 3,581,599 |
|||||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions): o |
|||||
13. | Percent of Class Represented by Amount in Row (11): 19.6% | |||||
14. | Type of Reporting Person (See Instructions): CO | |||||
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CUSIP NO. 530370-10-5 | Page 4 of 14 |
Item 1. | Security and Issuer. |
Item 2. | Identity and Background. |
Principal Occupation, Principal Business of | ||
Name and Residence or Business Address | Employer, and Principal Address of Employer | |
Executive Officers(1) |
||
Paul H. McTear, Jr.
|
President and Chief Executive Officer of Raycom | |
Rebecca Shows Bryan
|
Vice President/General Counsel and Secretary of Raycom | |
Melissa D. Thurber
|
Vice President, Controller and Assistant Secretary of Raycom | |
Wayne D. Daugherty
|
Group Vice President, Television of Raycom | |
Martin Edelman
|
Group Vice President, Television of Raycom | |
Jeff Rosser
|
Group Vice President, Television of Raycom | |
Clyde Baucom
|
Vice President, Human Resources of Raycom | |
David Folsom
|
Vice President, Technology of Raycom | |
William McDowell
|
Vice President, Research of Raycom | |
Mary Carole McDonnell
|
Vice President, Programming of Raycom | |
John Alexander
|
Assistant Secretary of Raycom |
(1) | The business address of each of the executive officers is RSA Tower, 20th Floor, 201 Monroe Street, Montgomery, Alabama 36104 |
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CUSIP NO. 530370-10-5 | Page 5 of 14 |
Principal Occupation, Principal Business of | ||
Name and Residence or Business Address | Employer, and Principal Address of Employer | |
Directors |
||
John Stein
|
Co-Founder/Chief Executive Officer | |
IntraMicron, Inc.
|
IntraMicron, Inc. (microfibrous materials | |
2 Metroplex Drive
|
technology) | |
Suite 111
|
2 Metroplex Drive | |
Birmingham, Alabama 35209
|
Suite 111 | |
Birmingham, Alabama 35209 | ||
Harry Bridgwood
|
Executive Vice President | |
New Water Street Corp.
|
New Water Street Corp. (commercial real estate) | |
Building Management Office
|
Building Management Office | |
55 Water Street
|
55 Water Street | |
New York, New York 10041
|
New York, New York 10041 | |
Bruno Francisci
|
Manager, Corporate Audit Department | |
Altria Corporate Services, Inc.
|
Altria Corporate Services, Inc. (provides | |
120 Park Avenue
|
corporate affairs, finance, human resources, | |
11th Floor
|
information services and legal services to | |
New York, New York 10017
|
Altria Group, Inc. and its portfolio | |
companies, including Kraft Foods and Phillip | ||
Morris International) | ||
120 Park Avenue | ||
11th Floor | ||
New York, New York 10017 | ||
Diane S. Griswold
|
Portfolio Manager | |
Protective Life-Investments
|
Protective Life-Investments (insurance) | |
2801 Hwy. 280 S.
|
2801 Hwy. 280 S. | |
Birmingham, Alabama 35223
|
Birmingham, Alabama 35223 | |
Joseph D. Hill
|
Not employed | |
15723 Berea Drive |
||
Odessa, Florida 33556 |
||
John Lillie
|
Sales Manager | |
Delta Imaging Systems, Inc.
|
Delta Imaging Systems, Inc. (medical imaging | |
201 Blanton Ave.
|
technologies and medical imaging computer | |
Nashville, Tennessee 37210
|
networks) | |
201 Blanton Ave. | ||
Nashville, Tennessee 37210 | ||
Paul H. McTear, Jr.
|
President and Chief Executive Officer of Raycom | |
RSA Tower, 20th Floor |
||
201 Monroe Street |
||
Montgomery, Alabama 36104 |
||
Jim Sefert
|
Retired | |
3 Autumn View Ridge Road |
||
Travelers Rest, South Carolina 29690 |
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Barbara Thomas
|
Vice President of Marketing and Advertising | |
Alabama Real Estate Holdings
|
Alabama Real Estate Holdings (real estate) | |
3500 Colonnade Parkway
|
3500 Colonnade Parkway | |
6th Floor
|
6th Floor | |
Birmingham, Alabama 35243
|
Birmingham, Alabama 35243 |
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CUSIP NO. 530370-10-5 | Page 6 of 14 |
Item 3. | Source and Amount of Funds or Other Consideration. |
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CUSIP NO. 530370-10-5 | Page 7 of 14 |
Principal Occupation, Principal Business of | ||
Name and Residence or Business Address | Employer, and Principal Address of Employer | |
W. Hayne Hipp
|
Chairman, Chief Executive Officer, and President, | |
The Liberty Corporation
|
The Liberty Corporation (broadcasting) | |
135 South Main Street
|
135 South Main Street | |
Greenville, South Carolina 29601
|
Greenville, South Carolina 29601 | |
Anna H. Hipp Small
|
Investor | |
175 Pinecrest Court |
||
Athens, Georgia 30605 |
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Anna Kate Hipp
|
Investor | |
131 Huckleberry Ridge |
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Greenville, South Carolina 29609 |
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Dorothy G. Leland
|
Investor | |
2707 Bayonne St. |
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Sullivans Island, South Carolina 29482 |
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F. Reid Hipp |
Investor | |
12 Pinckney Ave, |
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Greenville, South Carolina 29601
|
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Frances M. McCreery
|
Investor | |
3190 Roundwood Rd. |
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Chagrin Falls, Ohio 44022 |
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Cecil Guy Gunter, Jr.
|
Investor | |
PO Box 8558 |
||
Greenville, South Carolina 29604 |
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John B. Hipp
|
Regional Director, Juvenile Diabetes Association | |
Juvenile Diabetes Association
|
(not-for-profit organization) | |
235 Peachtree NE
|
235 Peachtree NE | |
Suite 675
|
Suite 675 | |
Atlanta, Georgia 30303
|
Atlanta, Georgia 30303 | |
Mary H. Hipp
|
Investor | |
902 E. Washington Street |
||
Apt. 401 |
||
Greenville, South Carolina 29601 |
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CUSIP NO. 530370-10-5 | Page 8 of 14 |
Principal Occupation, Principal Business of | ||
Name and Residence or Business Address | Employer, and Principal Address of Employer | |
Mary Jane Hipp Brock
|
Investor | |
765 Park Ave., Apt. 7A |
||
New York, New York 10021 |
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Mason A. Goldsmith
|
Attorney, Love, Thornton, Arnold & Thomason, P.A. | |
Love, Thornton, Arnold & Thomason, P.A.
|
(law firm) | |
410 East Washington St.
|
410 East Washington St. | |
Greenville, South Carolina 29601
|
Greenville, South Carolina 29601 | |
Robert E. Hughes, Jr.
|
Investor | |
18 West North St. |
||
Greenville, South Carolina 29601 |
Item 4. | Purpose of Transaction. |
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CUSIP NO. 530370-10-5 | Page 9 of 14 |
| to vote the shares of Common Stock listed in the Shareholder Voting Agreement in favor of the Merger Agreement and the Merger at any meeting or meetings of the Companys shareholders called to vote on the Merger Agreement and the Merger; and | ||
| not to vote or cause to be voted, such shares, or otherwise provide a proxy or consent or enter into a voting agreement to vote such shares, in favor of any third partys Acquisition Proposal (as defined in the Merger Agreement); and | ||
| not to take any action that would prevent or otherwise adversely affect the consummation of the Merger and other transactions contemplated by the Merger Agreement, except that a Shareholder who is a directors of the Company is not restricted or restrained from taking actions required by his or her fiduciary duties as a director if such actions are in compliance with provisions of the Merger Agreement; and | ||
| subject to exception permitting a sale of up to 10% of shares of Common Stock directly owned by the Shareholder and up to 10% of the shares of Common Stock held in a trust the voting control over which is held by the Shareholder, not to, without the prior written consent of Raycom, |
| sell, transfer, pledge, assign or otherwise dispose of, or enter into any contract, option, commitment or other arrangement or understanding with respect the sale, transfer, pledge, assignment or disposition of, such shares of Common Stock unless the Shareholder receives an irrevocable proxy to vote such shares in favor of the Merger Agreement and the Merger and an agreement identical to the Shareholder Voting Agreement; and | ||
| take any action that would prohibit, prevent or preclude the Shareholder from performing his or her obligations under the Shareholder Voting Agreement. |
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CUSIP NO. 530370-10-5 | Page 10 of 14 |
Item 5. | Interest in Securities of the Issuer. |
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CUSIP NO. 530370-10-5 | Page 11 of 14 |
Item 6. | Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. |
Item 7. | Material to be Filed as Exhibits. |
Exhibit 99.1 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and W. Hayne Hipp |
|
Exhibit 99.2 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and Robert E. Hughes, Trustee under the W. Hayne Hipp Family Trust |
|
Exhibit 99.3 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and Mason A. Goldsmith, Trustee |
|
Exhibit 99.4 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and Mary Jane Hipp Brock |
|
Exhibit 99.5 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and Mary H. Hipp |
|
Exhibit 99.6 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and John B. Hipp |
|
Exhibit 99.7 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and Frances M. McCreery |
|
Exhibit 99.8 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and F. Reid Hipp |
|
Exhibit 99.9 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and Dorothy G. Leland |
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CUSIP NO. 530370-10-5 | Page 12 of 14 |
Exhibit 99.10 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and Anna Kate Hipp |
|
Exhibit 99.11 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and Anna H. Hipp Small |
|
Exhibit 99.12 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and Cecil Guy Gunter, Jr. |
|
Exhibit 99.13 | Agreement and Plan of Merger dated as of August 25, 2005 between The Liberty
Corporation, Raycom Media, Inc. and RL 123, Inc., incorporated by reference to Exhibit
2.1 to the Current Report on Form 8-K of The Liberty Corporation dated August 26, 2005 |
|
Exhibit 99.14 | Joint Filing Agreement dated as of September 2, 2005 between Raycom Media,
Inc. and RL123, Inc. |
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CUSIP NO. 530370-10-5 | Page 13 of 14 |
Date: September 2, 2005 | RAYCOM MEDIA, INC. |
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By: | /s/ Paul H. McTear, Jr. | |||
Paul H. McTear, Jr., President | ||||
Date: September 2, 2005 | RL123, INC. |
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By: | /s/ Paul H. McTear, Jr. | |||
Paul H. McTear, Jr., President | ||||
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CUSIP NO. 530370-10-5 | Page 14 of 14 |
Exhibit No. | Exhibit | |
Exhibit 99.1 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and W. Hayne Hipp |
|
Exhibit 99.2 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and Robert E. Hughes, Trustee under the W. Hayne Hipp Family Trust |
|
Exhibit 99.3 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and Mason A. Goldsmith, Trustee |
|
Exhibit 99.4 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and Mary Jane Hipp Brock |
|
Exhibit 99.5 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and Mary H. Hipp |
|
Exhibit 99.6 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and John B. Hipp |
|
Exhibit 99.7 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and Frances M. McCreery |
|
Exhibit 99.8 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and F. Reid Hipp |
|
Exhibit 99.9 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and Dorothy G. Leland |
|
Exhibit 99.10 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and Anna Kate Hipp |
|
Exhibit 99.11 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and Anna H. Hipp Small |
|
Exhibit 99.12 | Shareholder Voting Agreement dated as of August 25, 2005 between Raycom Media,
Inc., RL123, Inc. and Cecil Guy Gunter, Jr. |
|
Exhibit 99.14 | Joint Filing Agreement dated as of September 2, 2005 between Raycom Media,
Inc. and RL123, Inc. |
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