Sec Form 13D Filing - MCI LC filing for Startek Inc. (SRT) - 2023-12-28

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>

13D


SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

SCHEDULE 13D

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)1

 

StarTek, Inc.

(Name of Issuer)

Ordinary Shares, par value $0.01 per share

(Title of Class of Securities)

85569C107

(CUSIP Number)

Mark Anthony Marlowe (Anthony Marlowe)
MCI Capital, LC
1460 S Treasure Dr.
North Bay Village
Florida 33141
(305) 680-0101
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

December 18, 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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box .

(Continued on the following pages)

(Page 1 of 7 pages)

 


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 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.


 


13D

CUSIP NO. 85569C107Page 2 of 7 


1.

NAMES OF REPORTING PERSONS

MCI Capital, LC

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) (b)  

3.

SEC USE ONLY

4.

SOURCE OF FUNDS

OO

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

Iowa

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH

7.

SOLE VOTING POWER

0

8.

SHARED VOTING POWER

3,050,100

9.

SOLE DISPOSITIVE POWER

0

10.

SHARED DISPOSITIVE POWER

3,050,100

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

3,050,100

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

7.56% (1)

14.

TYPE OF REPORTING PERSON

OO

(1)The calculation of the percentage of outstanding shares beneficially owned is based on 40,345,831 shares of common stock outstanding as of November 2, 2023, as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023, as filed with the Securities and Exchange Commission on November 9, 2023. 


13D

CUSIP NO. 85569C107Page 3 of 7 


1.

NAMES OF REPORTING PERSONS

MCI, LC

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) (b)  

3.

SEC USE ONLY

4.

SOURCE OF FUNDS

OO

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

Iowa

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH

7.

SOLE VOTING POWER

0

8.

SHARED VOTING POWER

3,050,100

9.

SOLE DISPOSITIVE POWER

0

10.

SHARED DISPOSITIVE POWER

3,050,100

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

3,050,100

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

7.56% (1)

14.

TYPE OF REPORTING PERSON

OO

(1)The calculation of the percentage of outstanding shares beneficially owned is based on 40,345,831 shares of common stock outstanding as of November 2, 2023, as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023, as filed with the Securities and Exchange Commission on November 9, 2023. 


13D

CUSIP NO. 85569C107Page 4 of 7 


1.

NAMES OF REPORTING PERSON

Iowa City Capital Partners, LC

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) (b)  

3.

SEC USE ONLY

4.

SOURCE OF FUNDS

WC, OO

5.

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

6.

CITIZENSHIP OR PLACE OF ORGANIZATION

Iowa

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH

7.

SOLE VOTING POWER

0

8.

SHARED VOTING POWER

3,050,100

9.

SOLE DISPOSITIVE POWER

0

10.

SHARED DISPOSITIVE POWER

3,050,100

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

3,050,100

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

7.56% (1)

14.

TYPE OF REPORTING PERSON

OO

(1)The calculation of the percentage of outstanding shares beneficially owned is based on 40,345,831 shares of common stock outstanding as of November 2, 2023, as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023, as filed with the Securities and Exchange Commission on November 9, 2023. 


13D

CUSIP NO. 85569C107Page 5 of 7 


1.

NAMES OF REPORTING PERSON

Mark Anthony Marlowe

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) (b)  

3.

SEC USE ONLY

4.

SOURCE OF FUNDS

OO

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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH

7.

SOLE VOTING POWER

0

8.

SHARED VOTING POWER

3,050,100

9.

SOLE DISPOSITIVE POWER

0

10.

SHARED DISPOSITIVE POWER

3,050,100

11.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

3,050,100

12.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

7.56% (1)

14.

TYPE OF REPORTING PERSON

IN

(1)The calculation of the percentage of outstanding shares beneficially owned is based on 40,345,831 shares of common stock outstanding as of November 2, 2023, as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023, as filed with the Securities and Exchange Commission on November 9, 2023. 


13D

CUSIP NO. 85569C107Page 6 of 7 


SCHEDULE 13D

This Amendment (this “Amendment No. 3”) amends and supplements the statement on Schedule 13D (the “Schedule 13D”) relating to shares of common stock, par value $0.01 per share, of StarTek, Inc., a Delaware corporation (the “Issuer”), as specifically set forth herein.

 

Item 4. Purpose of Transaction.

Item 4 of the Schedule 13D is hereby amended and supplemented as follows:

On December 14, 2023, MCI Capital, LC and Iowa City Capital Partners, LC filed a Verified Complaint in the Court of Chancery of the State of Delaware, thereby commencing an action pursuant to 8 Del. C. § 220(c) to compel the Issuer to make certain of the Company’s books and records available for inspection and copying, for purposes of, among other things, investigating possible mismanagement, wrongdoing, breach of fiduciary duty, waste, and/or violations of law by directors and/or officers of the Company.

 

Item 7. Material to be Filed as Exhibits.

 

Item 7 of the Schedule 13D is hereby amended and supplemented as follows:

 

 

99.1

Verified Complaint filed December 14, 2023, with exhibits thereto


13D

CUSIP NO. 85569C107Page 7 of 7 


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:  December 28, 2023

MCI CAPITAL, LC

By:/s/ Mark Anthony Marlowe 

Name:Mark Anthony Marlowe 

Title:President and Chief Executive Officer 

MCI, LC

By:/s/ Mark Anthony Marlowe 

Name:Mark Anthony Marlowe 

Title:President and Chief Executive Officer 

IOWA CITY CAPITAL PARTNERS, LC

By:/s/ Mark Anthony Marlowe 

Name:Mark Anthony Marlowe 

Title:President and Chief Executive Officer 

            /s/ Mark Anthony Marlowe  

Name:Mark Anthony Marlowe