Amended Statement of Ownership (sc 13g/a)
February 14 2020 - 1:53PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT
TO RULE 13d-1(b), (c), AND (d) AND AMENDMENTS
THERETO FILED
PURSUANT TO RULE 13d-2(b)
(AMENDMENT NO. 3)*
EMMIS COMMUNICATIONS
CORPORATION
(Name of Issuer)
Common Stock
(Title of Class of Securities)
291525400
(CUSIP Number)
December 31,
2019
(Date of Event Which Requires Filing of This
Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
____________________
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*
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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 the disclosures provided in a prior cover page.
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The information required
in 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 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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CUSIP NO. 291525400
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13G
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Page 2 of 7 Pages
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1
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NAMES
OF REPORTING PERSONS S.S. OR
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS
Gate City Capital Management, LLC
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) [ ]
(b) [ ]
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3
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SEC
USE ONLY
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4
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CITIZENSHIP
OR PLACE OF ORGANIZATION
Illinois
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NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
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5
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SOLE
VOTING POWER
427,690
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6
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SHARED
VOTING POWER
0
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7
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SOLE
DISPOSITIVE POWER
735,024
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8
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SHARED
DISPOSITIVE POWER
0
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9
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
735,024
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10
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
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[ ]
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11
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.09%
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12
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TYPE
OF REPORTING PERSON
IA
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CUSIP NO. 291525400
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13G
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Page 3 of 7 Pages
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1
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NAMES
OF REPORTING PERSONS S.S. OR
I.R.S.
IDENTIFICATION NOS. OF ABOVE PERSONS
Michael Melby
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) [ ]
(b) [ ]
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3
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SEC
USE ONLY
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4
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CITIZENSHIP
OR PLACE OF ORGANIZATION
United States
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NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH
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5
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SOLE
VOTING POWER
427,690
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6
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SHARED
VOTING POWER
0
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7
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SOLE
DISPOSITIVE POWER
735,024
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8
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SHARED
DISPOSITIVE POWER
0
|
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9
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
735,024
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10
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
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[ ]
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11
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.09%
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12
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TYPE
OF REPORTING PERSON
IN
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CUSIP NO. 291525400
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13G
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Page 4 of 7 Pages
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This Schedule 13G (this "Schedule 13G") is being filed
on behalf of Gate City Capital Management, LLC, an Illinois limited liability company (the "Management Company") and
Michael Melby. Mr. Melby serves as the managing member of the Management Company. The Management Company serves as an adviser to
certain private investment funds and managed accounts (the "Funds"). This Schedule 13G relates to Common Shares (the
"Common Shares") of Emmis Communications Corporation (the "Issuer") held by the Funds.
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Item 1.
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(a)
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Name of Issuer:
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EMMIS COMMUNICATIONS CORPORATION
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(b)
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Address of Issuer’s Principal Executive Offices:
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One Emmis Plaza, 40 Monument Circle,
Suite 700, Indianapolis, IN 46204
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Item 2.
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(a)
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Name of Person Filing:
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Gate City Capital Management, LLC
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(b)
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Address of Principal Business Office or, if None, Residence:
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425 S. Financial Place, Suite 910A, Chicago, IL 60605
United States
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(d)
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Title of Class of Securities:
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Common Stock
291525400
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Item 3.
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If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the
Person Filing is a:
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(a)
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[ ] Broker or dealer registered under Section 15 of the Exchange Act.
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(b)
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[ ] Bank as defined in Section 3(a)(6) of the Exchange Act.
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(c)
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[ ] Insurance company as defined in Section 3(a)(19) of the Exchange Act.
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(d)
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[ ] Investment company registered under Section 8 of the Investment Company Act.
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(e)
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[ x ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
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(f)
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[ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
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(g)
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[ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
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(h)
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[ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
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(i)
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[ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment
Company Act;
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(j)
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[ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
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CUSIP NO. 291525400
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13G
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Page 5 of 7 Pages
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1.
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Gate City Capital Management, LLC
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(a)
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Amount beneficially owned:
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735,024
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(b)
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Percent of class:
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6.09%
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(c)
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Number of shares as to which the person has:
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(i)
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Sole power to vote or to direct the vote:
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427,690
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(ii)
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Shared power to vote or to direct the vote:
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0
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(iii)
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Sole power to dispose or to direct the disposition of:
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735,024
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(iv)
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Shared power to dispose or to direct the disposition of:
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0
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(a)
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Amount beneficially owned:
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735,024
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(b)
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Percent of class:
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6.09%
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(c)
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Number of shares as to which the person has:
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(i)
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Sole power to vote or to direct the vote:
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427,690
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(ii)
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Shared power to vote or to direct the vote:
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0
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(iii)
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Sole power to dispose or to direct the disposition of:
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735,024
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(iv)
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Shared power to dispose or to direct the disposition of:
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0
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Item 5.
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Ownership of Five Percent or Less of a Class.
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If this statement is being filed
to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent
of the class of securities, check the following [ ]
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Item 6.
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Ownership of More than Five Percent on Behalf of Another Person.
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Not applicable
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported
on by the Parent Holding Company or Control Person.
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Not applicable
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Item 8.
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Identification and Classification of Members of the Group.
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Not applicable
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Item 9.
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Notice of Dissolution of Group.
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Not applicable
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CUSIP NO. 291525400
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13G
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Page 6 of 7 Pages
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By signing below I certify
that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not
held in connection with or as a participant in any transaction having that purpose or effect.
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.
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Gate City Capital Management, LLC
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By:
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Name:
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Michael Melby
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Title:
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Managing Member
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By:
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___________________________
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Name:
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Michael Melby
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Date:
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February 13, 2020
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CUSIP NO. 291525400
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13G
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Page 7 of 7 Pages
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JOINT FILING
AGREEMENT
In accordance with the requirements of Rule
13d-1(k) under the Securities Exchange Act of 1934, as amended, and subject to the limitations set forth therein, the parties set
forth below agree to jointly file the Schedule 13D to which this joint filing agreement is attached, and have duly executed this
joint filing agreement as of the date set forth below.
Date: February
13, 2020
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Gate City Capital Management, LLC
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By:
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Name:
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Michael Melby
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Title:
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Managing Member
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By:
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___________________________
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Name:
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Michael Melby
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Date:
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February 13, 2020
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