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    SEC Form SC 13D/A filed by TESSCO Technologies Incorporated (Amendment)

    4/13/23 4:07:10 PM ET
    $TESS
    Electronic Components
    Technology
    Get the next $TESS alert in real time by email
    SC 13D/A 1 sc13da1110833002_04132023.htm

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

    SCHEDULE 13D

    (Rule 13d-101)

    INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

    TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

    § 240.13d-2(a)

    (Amendment No. 11)1

    TESSCO Technologies Incorporated

    (Name of Issuer)

    Common stock, par value $0.01 per share

    (Title of Class of Securities)

    872386107

    (CUSIP Number)

    Tim Won

    Lakeview Investment Group & Trading Company, LLC

    444 W. Lake St. #1900

    Chicago, IL 60606

    (312) 245-2910

     

    Michael R. Neidell, Esq.

    Olshan Frome Wolosky LLP

    1325 Avenue of the Americas

    New York, New York 10019

    (212) 451-2300

    (Name, Address and Telephone Number of Person

    Authorized to Receive Notices and Communications)

     

    April 11, 2023

    (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.

     

     

     

    1              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. 872386107

      1   NAME OF REPORTING PERSON  
             
            LAKEVIEW INVESTMENT GROUP & TRADING COMPANY, LLC  
      2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
            (b) ☐
               
      3   SEC USE ONLY    
               
               
      4   SOURCE OF FUNDS  
             
            WC  
      5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
           
               
      6   CITIZENSHIP OR PLACE OF ORGANIZATION  
             
            DELAWARE  
    NUMBER OF   7   SOLE VOTING POWER  
    SHARES          
    BENEFICIALLY         -0-  
    OWNED BY   8   SHARED VOTING POWER  
    EACH          
    REPORTING         1,331,591  
    PERSON WITH   9   SOLE DISPOSITIVE POWER  
             
              -0-  
        10   SHARED DISPOSITIVE POWER  
               
              1,331,591  
      11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
             
            1,331,591  
      12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
           
               
      13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
             
            14.4% (1)  
      14   TYPE OF REPORTING PERSON  
             
            OO  

    (1) The aggregate percentage of shares of Common Stock reported owned herein is based upon 9,249,704 shares outstanding, as of April 11, 2023, which is the total number of shares outstanding as reported in the Issuer’s Current Report on Form 8-K filed with the Securities and Exchange Commission on April 12, 2023.

      

    2

    CUSIP No. 872386107

      1   NAME OF REPORTING PERSON  
             
            ABL MANAGER LLC  
      2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
            (b) ☐
               
      3   SEC USE ONLY    
               
               
      4   SOURCE OF FUNDS  
             
            AF  
      5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
           
               
      6   CITIZENSHIP OR PLACE OF ORGANIZATION  
             
            DELAWARE  
    NUMBER OF   7   SOLE VOTING POWER  
    SHARES          
    BENEFICIALLY         -0-  
    OWNED BY   8   SHARED VOTING POWER  
    EACH          
    REPORTING         1,331,591  
    PERSON WITH   9   SOLE DISPOSITIVE POWER  
             
              -0-  
        10   SHARED DISPOSITIVE POWER  
               
              1,331,591  
      11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
             
            1,331,591  
      12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
           
               
      13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
             
            14.4% (1)  
      14   TYPE OF REPORTING PERSON  
             
            OO  

    (1) The aggregate percentage of shares of Common Stock reported owned herein is based upon 9,249,704 shares outstanding, as of April 11, 2023, which is the total number of shares outstanding as reported in the Issuer’s Current Report on Form 8-K filed with the Securities and Exchange Commission on April 12, 2023.

      

    3

    CUSIP No. 872386107

     

      1   NAME OF REPORTING PERSON  
             
            ARI B. LEVY  
      2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☒
            (b) ☐
               
      3   SEC USE ONLY    
               
               
      4   SOURCE OF FUNDS  
             
            AF  
      5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)     ☐
           
               
      6   CITIZENSHIP OR PLACE OF ORGANIZATION  
             
            UNITED STATES  
    NUMBER OF   7   SOLE VOTING POWER  
    SHARES          
    BENEFICIALLY         -0-  
    OWNED BY   8   SHARED VOTING POWER  
    EACH          
    REPORTING         1,331,591  
    PERSON WITH   9   SOLE DISPOSITIVE POWER  
             
              -0-  
        10   SHARED DISPOSITIVE POWER  
               
              1,331,591  
      11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
             
            1,331,591  
      12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES     ☐
           
               
      13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)  
             
            14.4% (1)  
      14   TYPE OF REPORTING PERSON  
             
            IN  

    (1) The aggregate percentage of shares of Common Stock reported owned herein is based upon 9,249,704 shares outstanding, as of April 11, 2023, which is the total number of shares outstanding as reported in the Issuer’s Current Report on Form 8-K filed with the Securities and Exchange Commission on April 12, 2023.

      

    4

    CUSIP No. 872386107

    The following constitutes Amendment No. 11 to the Schedule 13D filed by the undersigned (“Amendment No. 11”). This Amendment No. 11 amends the Schedule 13D as specifically set forth herein.

    Item 4.Purpose of Transaction.

    Item 4 is hereby amended to add the following:

    In connection with the Agreement and Plan of Merger, dated as of April 11, 2023 (the “merger agreement”), by and among the Issuer, Alliance USAcqCo 2, Inc., a Delaware corporation (“Parent”), and Alliance USAcqCo 2 Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”), Lakeview entered into a Voting and Support Agreement dated April 11, 2023 with Parent and Merger Sub (the “voting and support agreement”). Pursuant to the voting and support agreement, Lakeview has agreed, among other things, to vote all Shares owned or later acquired by it in favor of the adoption and approval of the merger agreement, the merger and the other transactions contemplated by the merger agreement, against the approval of any alternative acquisition proposal or the adoption of any agreement relating to any alternative acquisition proposal, and against other proposals relating to matters that would reasonably be expected to interfere with, impede, interfere with, delay, postpone or prevent the consummation of the merger. Lakeview has also agreed to certain transfer restrictions with respect to its Shares.

     

    The voting and support agreement will automatically terminate upon the earliest to occur of the effective time of the merger, the termination of the merger agreement in accordance with its terms, the entry into certain amendments or modifications to the merger agreement or certain waivers of the Issuer’s rights under the merger agreement, or the mutual written agreement of Parent and Lakeview.

     

    The foregoing description of the voting and support agreement is qualified in its entirety by reference to the voting and support agreement, which is included as Exhibit 99.1 hereto and is incorporated herein by reference.

     

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

    Item 6 is hereby amended to add the following:

    On April 11, 2023, Lakeview, Parent and Merger Sub entered into the voting and support agreement as defined and described in Item 4 above and included as Exhibit 99.1 hereto.

    Item 7.Material to be Filed as Exhibits.

    Item 7 is hereby amended to add the following exhibits:

    99.1Voting and Support Agreement (incorporated by reference to Exhibit 99.2 to the Issuer’s Current Report on Form 8-K filed with the Securities and Exchange Commission on April 12, 2023).

     

    5

    CUSIP No. 872386107

    SIGNATURES

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

    Dated: April 13, 2023

      LAKEVIEW INVESTMENT GROUP & TRADING COMPANY, LLC
       
      By: ABL Manager LLC, its manager
         
      By:

    /s/ Ari B. Levy

        Name: Ari B. Levy
        Title: Manager

     

     

      ABL MANAGER LLC
       
      By:

    /s/ Ari B. Levy

        Name: Ari B. Levy
        Title: Manager

     

     

     

    /s/ Ari B. Levy

      ARI B. LEVY

     

    6

     

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