SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
HISPANIC TELEVISION NETWORK, INC.
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(Name of Issuer)
formerly known as, AMERICAN INDEPENDENT NETWORK, INC.
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(Former name of registrant)
Common Stock, par value $0.01
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(Title of Class of Securities)
43357C 10 2
(CUSIP Number)
Douglas K. Miller, 3113 S. University Drive, 6th Floor, Forth Worth, Texas 76109
(817) 927-0050
(Name, Address, and Telephone Number
of Person Authorized to Receive Notices and Communications)
December 15, 1999
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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 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(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).
Page 1 of 6
<PAGE>
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CUSIP NO. 43357C 10 2 Page 2 of 6 Pages
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1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSONS:
Donald B. Sallee
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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NUMBER OF 7 SOLE VOTING POWER 4,578,823
SHARES --------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER -0-
OWNED BY EACH --------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER 4,578,823
PERSON WITH --------------------------------------------------------------
10 SHARED DISPOSITIVE POWER -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY
EACH REPORTING PERSON 4,578,823
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [_]
<PAGE>
CUSIP NO. 43357C 10 2 Page 3 of 6 Pages
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13 PERCENT OF CLASS REPRESENTED
BY AMOUNT IF ROW (11) 5.9%
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14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN
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Page 3 of 6 Pages
<PAGE>
ITEM 1 Security and Issuer
This statement is filed with respect to Shares of common stock par value $0.01
(the "Shares") of Hispanic Television Network, Inc. (formerly, American
Independent Network, Inc.)("HTVN ", the "Company", the "Registrant" or the
"Issuer"), whose address is 6125 Airport Freeway, Suite 200
Haltom City, Texas 76117.
ITEM 2. Identity and Background
(a) Donald B. Sallee ("Mr. Sallee")
(b) Business address: c/o Invesco Capital Management, Inc.
(c)
(d) Mr. Sallee is associated with Invesco Capital Management, Inc. which
is an investment firm whose address is 1360 Peachtree Street N.E.,
#100, Atlanta, Georgia 30309.
(d) Mr. Sallee has not, during the last five years, been convicted in a
criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) Mr. Sallee was not, during the last five years, a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was not or is not
subject to a judgment, decree or final order enjoining future
violations, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such
laws.
(f) U.S.A.
ITEM 3. Source and Amount of Funds or Other Consideration
As to all of these Shares: On December 15, 1999, the merger of HTVN and
Hispano Television Ventures, Inc. became effective. Mr. Sallee was a
shareholder of Hispano Television Ventures, Inc. As a result of the merger,
Mr., Sallee exchanged his shares of Hispano Television Ventures, Inc. for Shares
of HTVN.
<PAGE>
CUSIP No. 43357C 10 2 Page 5 of 6
ITEM 4. Purpose of Transaction
The shareholders of HTVN and the shareholders of Hispano Television
Ventures, Inc. voted to merge. HTVN is the surviving entity. Mr. Sallee
acquired these securities as a result of the merger. Mr. Sallee may acquire more
Shares of HTVN by open market purchase or through private transactions.
(a) Mr. Sallee may, from time to time, acquire additional securities of
HTVN for investment purposes.
(b) Mr. Sallee has no present plans or proposals for an extraordinary
corporate transaction involving HTVN.
(c) Mr. Sallee has no present plans or proposals involving the sale or
transfer of a material amount of assets of HTVN or any of its
subsidiaries.
(d) Mr. Sallee has no present plans or proposals involving any change in
the present board of directors or management of HTVN, nor any plans or
proposals to change the number or term of directors or to fill any
existing vacancies on the board.
(e) Mr. Sallee has no present plans or proposals for material change in
the present capitalization or dividend policy of HTVN.
(f) Mr. Sallee has no present plans or proposals for material change in
HTVN's business or corporate structure.
(g) Mr. Sallee has no present plans or proposals for changes in HTVN's
charter or bylaws, or instruments corresponding thereto or other
actions that may impede the acquisition of control of HTVN by any
person.
(h) Mr. Sallee has no present plans or proposals for causing a class of
securities of HTVN to be delisted from a national securities exchange
or to cease to be authorized to be quoted in an inter-dealer quotation
system of a registered national securities association.
(i) Mr. Sallee has no present plans or proposals for a class of securities
of HTVN becoming eligible for termination of registration pursuant to
Section 12(g)(4) of the Act.
(j) Mr. Sallee has no present plans or proposals for any actions similar
to those enumerated above.
<PAGE>
CUSIP No. 43357C 10 2 Page 6 of 6
ITEM 5. Interest in Securities of the Issuer
(a) Mr. Sallee is the beneficial owner of 4,578,823 Shares of HTVN, which
represents 5.9% of the class of securities.
(b) Mr. Sallee has sole voting and dispositive power for 4,578,823 Shares
of HTVN.
(c) All of the transactions described herein occurred during the last 60
days. All of the Shares of which Mr. Sallee acquired beneficial
ownership in connection with the merger were so acquired on December
15, 1999.
(d) Not applicable.
(e) Not applicable.
ITEM 6. Contract, Agreements, Understandings or Relationships with Respect to
Securities of the Issuer
Not applicable.
ITEM 7. Material to be Filed as Exhibits
Merger Agreement.
<PAGE>
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.
January 4, 2000 (signed) /s/ Donald B. Sallee
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Date Donald B. Sallee
