SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
(Amendment No. 3)
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS
THERETO FILED PURSUANT TO RULE 13d-2(a)
Multimedia Games, Inc.
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(Name of Issuer)
Common Stock, par value $0.01 per share
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(Title of Class of Securities)
625-453-10-5
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(CUSIP Number)
Emanuel R. Pearlman
Liberation Investment Group, LLC
330 Madison Ave., 6th Floor
New York, NY 10017
(212) 832-5100
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
August 29, 2006
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(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 Rule 13d-1(e), Rule 13d-1(f) or Rule 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 Rule 13d-7(b) 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).
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1 NAME OF REPORTING PERSON
Liberation Investments L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a)[ ]
(b)[X]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
WC
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 1,543,418
OWNED BY ----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON ----------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
1,543,418
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,543,418
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See
Instructions)[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.62%
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14 TYPE OF REPORTING PERSON (See Instructions)
PN
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1 NAME OF REPORTING PERSON
Liberation Investments Ltd.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a)[ ]
(b)[X]
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
WC
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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7 SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 767,909
OWNED BY ----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON ----------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
767,909
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
767,909
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See
Instructions)[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.79%
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14 TYPE OF REPORTING PERSON (See Instructions)
CO
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1 NAME OF REPORTING PERSON
Liberation Investment Group LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a)[ ]
(b)[X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
N/A
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 2,311,327
OWNED BY ----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON ----------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
2,311,327
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,311,327
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See
Instructions)[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.41%
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14 TYPE OF REPORTING PERSON (See Instructions)
OO, IA
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1 NAME OF REPORTING PERSON
Emanuel R. Pearlman
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)(a)[ ]
(b)[X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
N/A
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 2,311,327
OWNED BY ----------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON ----------------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
2,311,327
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,311,327
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See
Instructions)[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.41%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN, HC
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INTRODUCTION
This Amendment No. 3 (this "Amendment") relates to the Schedule 13D filed
on behalf of (i) Liberation Investments, L.P., a Delaware limited partnership
("LILP"); (ii) Liberation Investments, Ltd., a private offshore investment
corporation ("LILtd"); (iii) Liberation Investment Group, LLC, a Delaware
limited liability company and general partner of LILP and discretionary
investment adviser to LILtd ("LIGLLC"); and (iv) Emanuel R. Pearlman, as Chief
Executive Officer and majority member of LIGLLC (collectively, the "Reporting
Persons"), with the Securities and Exchange Commission (the "SEC") on May 30,
2006, as amended by Amendment No. 1 filed with the SEC on June 30, 2006 and
Amendment No. 2 filed with the SEC on August 7, 2006 (the "Schedule 13D"),
relating to shares of common stock, $0.01 par value per share ("Common Stock"),
of Multimedia Games, Inc., a Texas corporation (the "Company").
Items 2(b), 4, 5(1) and 7 of the Schedule 13D are hereby amended to add the
following:
Item 2. Identity and Background.
(b) The business address for each of LILP, LIGLLC and Mr. Pearlman is 330
Madison Avenue, 6th Floor, New York, NY 10017.
Item 4. Purpose of Transaction.
On August 29, 2006, the Reporting Persons filed with the SEC a preliminary
solicitation statement (the "Preliminary Solicitation Statement") in connection
with the solicitation of requests to call a special meeting of the Company's
shareholders (the "Special Meeting"). The Reporting Persons seek to call the
Special Meeting in the manner and for the purposes described under the captions
"WHY YOU WERE SENT THIS SOLICITATION STATEMENT", "WE ARE DISSATISFIED WITH THE
COMPANY'S PERFORMANCE AND THE MANAGEMENT OF ITS AFFAIRS", "THE SPECIAL MEETING",
"THE PROPOSALS", "REQUEST PROCEDURES", "SOLICITATION OF REQUESTS; EXPENSES" and
"CERTAIN INFORMATION REGARDING THE PARTICIPANTS" of the Preliminary Solicitation
Statement, a copy of which is attached hereto as Exhibit 3 and is incorporated
by reference herein.
Item 5. Interest in Securities of the Issuer.
(1) As of the date hereof, the Reporting Persons have the following
interest in the securities of the Company:
(i) LILP beneficially owns 1,543,418 shares of Common Stock and is
the beneficial owner of 5.62% of the Common Stock.
(ii) LILtd beneficially owns 767,909 shares of Common Stock and is
the beneficial owner of 2.79% of the Common Stock.
(iii) LIGLLC, as the sole general partner of LILP and the sole
investment advisor to LILtd, beneficially owns 2,311,327
shares of Common Stock and is the beneficial owner of 8.41% of
the Common Stock.
(iv) Mr. Pearlman, as the Chief Executive Officer and majority
member of LIGLLC, beneficially owns 2,311,327 shares of Common
Stock and is the beneficial owner of 8.41% of the Common
Stock.
The Reporting Persons in the aggregate may be deemed to own an aggregate
of 8.41% of the Common Stock.
Item 7. Materials to be Filed as Exhibits.
Exhibit Number Description
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Exhibit 3 Preliminary solicitation statement filed with the SEC by the
Reporting persons on August 29, 2006.
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: August 30, 2006
LIBERATION INVESTMENTS, L.P.
By: Liberation Investment Group LLC, general partner
By: /s/ Emanuel R. Pearlman
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Emanuel R. Pearlman
Chief Executive Officer
LIBERATION INVESTMENTS LTD.
By: /s/ Emanuel R. Pearlman
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Emanuel R. Pearlman
Director
LIBERATION INVESTMENT GROUP LLC
By: /s/ Emanuel R. Pearlman
--------------------------------
Emanuel R. Pearlman
Chief Executive Officer
Emanuel R. Pearlman
/s/ Emanuel R. Pearlman
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EXHIBIT INDEX
Exhibit Number Description
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Exhibit 3 Preliminary solicitation statement filed with the SEC by the
Reporting persons on August 29, 2006.