SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
AMCON Distributing Company.
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(Name of Issuer)
Common Stock - $.01 par value
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(Title of Class of Securities)
02341Q106
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(CUSIP Number)
June 17, 2004
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(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(b)
|X| Rule 13d-1(c)
[ ] Rule 13d-1(d)
* 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.
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 ("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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CUSIP No. 02341Q106 13G
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Draupnir, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5 SOLE VOTING POWER 49,489
SHARES
BENEFICIALLY 6 SHARED VOTING POWER 0
OWNED BY EACH
REPORTING 7 SOLE DISPOSITIVE POWER 49,489
PERSON
WITH 8 SHARED DISPOSITIVE POWER 0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
49,489
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see
instructions) [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.6%
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12 TYPE OF REPORTING PERSON
OO
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ITEM 1(a) Name of Issuer:
AMCON Distributing Company
ITEM 1(b) Address of Issuer's Principal Executive Offices:
10228 "L" Street
Omaha, Nebraska 68127
ITEM 2(a) Name of Person Filing:
Draupnir, LLC
ITEM 2(b) Address of Principal Business Office or, if none, Residence:
500 North Dearborn, 2nd Floor
Chicago, Illinois 60610
ITEM 2(c) Citizenship:
Delaware
ITEM 2(d) Title of Class of Securities:
Common Stock, par value $.01 per share.
ITEM 2(e) CUSIP Number:
02341Q106
ITEM 3: If this statement is filed pursuant to ss.ss. 240.13d-1(b)or
240.13d-2(b) or (c), check whether the person filing is a:
Not applicable
ITEM 4: Ownership
(a) Amount beneficially owned:
49,489
(b) Percent of class:
8.6%
(c) Number of shares of which such person has
(i) sole power to vote or to direct the vote: 49,489
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of:
49,489
(iv) shared power to dispose or to direct the disposition
of: 0
ITEM 5: Ownership of Five Percent or Less of a Class.
Not applicable.
ITEM 6: Ownership of More than Five Percent on Behalf of Another Person.
Allen Petersen, a member of the Board of Directors of AMCON
Distributing Company, is a member and managing director of
Draupnir LLC, which owns 60,000 shares of Series A Convertible
Preferred Stock of AMCON Distributing Company. These shares
of Preferred Stock are convertible into 49,489 shares of
AMCON's Common Stock. Pursuant to a designation by the Board
of Managers of Draupnir LLC, Mr. Petersen has the authority to
vote and direct the disposition of these shares.
ITEM 7: Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company or
Control Person.
Not applicable.
ITEM 8: Identification and Classification of Members of the Group.
Not applicable.
ITEM 9: Notice of Dissolution of Group.
Not applicable.
[The remainder of this page intentionally has been left blank]
ITEM 10: Certification.
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.
July 20, 2004 DRAUPNIR, LLC
By: /s/ Allen D. Petersen
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Allen D. Petersen
Managing Director