-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JngETR4ZuDDdDoPRLjgU1+oCldysESMjQPEIOnxHrUN+hWmvL8wo83jwE349qNeW CmcLTO7zbdGWaPNzPR3dgg== 0000902664-02-000389.txt : 20020416 0000902664-02-000389.hdr.sgml : 20020416 ACCESSION NUMBER: 0000902664-02-000389 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020412 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EXCELON CORP CENTRAL INDEX KEY: 0001014955 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 020424252 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-48073 FILM NUMBER: 02609519 BUSINESS ADDRESS: STREET 1: 25 MALL RD CITY: BURLINGTON STATE: MA ZIP: 01803-4194 BUSINESS PHONE: 6176745000 MAIL ADDRESS: STREET 1: 25 MALL RD CITY: BURLINGTON STATE: MA ZIP: 01803-4194 FORMER COMPANY: FORMER CONFORMED NAME: OBJECT DESIGN INC DATE OF NAME CHANGE: 19960520 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EMPIRE CAPITAL PARTNERS LP CENTRAL INDEX KEY: 0001170998 IRS NUMBER: 133888076 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: C/O EMPIRE G P LLC STREET 2: 1GORHAM ISLAND CITY: WESTPORT STATE: CT ZIP: 06880 BUSINESS PHONE: 2034541019 MAIL ADDRESS: STREET 1: C/O EMPIRE GP LLC STREET 2: 1GORHAM ISLAND CITY: WESTPORT STATE: CT ZIP: 06880 SC 13D 1 srz9213774v2.txt EXCELON CORPORATION SC 13D SECURITIES & EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------- SCHEDULE 13D* (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a) Excelon Corporation (Name of Issuer) Common Stock (Title of Class of Securities) 300691102 (CUSIP Number) Peter J. Richards 1 Gorham Island, Westport, Connecticut 06880 (203) 454-7557 (Name, address and telephone number of person authorized to receive notices and communications) April 4, 2002 (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 which 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 [ ]. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of 14 Pages) - ---------------- *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 purposes 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). CUSIP No. 300691102 13D Page 2 of 13 Pages - ------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Empire Capital Partners, L.P. - ------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [X] (b) [ ] - ------------------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------------------- (4) SOURCE OF FUNDS ** WC - ------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER -0- SHARES ---------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 2,899,900 OWNED BY ---------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING ---------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 2,899,900 - ------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,899,900 - ------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - ------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.0% - ------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON ** PN/IV - ------------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 300691102 13D Page 3 of 13 Pages - ------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Empire GP, L.L.C. - ------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [X] (b) [ ] - ------------------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------------------- (4) SOURCE OF FUNDS ** WC - ------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ------------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER -0- SHARES ---------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 2,899,900 OWNED BY ---------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING ---------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 2,899,900 - ------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,899,900 - ------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - ------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.0% - ------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON ** OO - ------------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 300691102 13D Page 4 of 13 Pages - ------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Scott A. Fine - ------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [X] (b) [ ] - ------------------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------------------- (4) SOURCE OF FUNDS ** WC - ------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER -0- SHARES ---------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 2,899,900 OWNED BY ---------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING ---------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 2,899,900 - ------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,899,900 - ------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - ------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.0% - ------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON ** IN - ------------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 300691102 13D Page 5 of 13 Pages - ------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Peter J. Richards - ------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ** (a) [X] (b) [ ] - ------------------------------------------------------------------------------- (3) SEC USE ONLY - ------------------------------------------------------------------------------- (4) SOURCE OF FUNDS ** WC - ------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION United States - ------------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER -0- SHARES ---------------------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER 2,899,900 OWNED BY ---------------------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING ---------------------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER 2,899,900 - ------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,899,900 - ------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ] - ------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.0% - ------------------------------------------------------------------------------ (14) TYPE OF REPORTING PERSON ** IN - ------------------------------------------------------------------------------- ** SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 300691102 13D Page 6 of 13 Pages Item 1. Security and Issuer. This statement relates to the common stock, par value $0.01 (the "Common Stock") of Excelon Corporation (the "Company"). The Company's principal executive offices are located at 25 Mall Road, Burlington, MA 01803. Item 2. Identity and Background. (a) This statement is filed by: (i) Empire Capital Partners, L.P., a Delaware limited partnership ("Empire Capital"), with respect to the shares of Common Stock directly owned by it; (ii) Empire GP, L.L.C., a Delaware limited liability company ("Empire GP"), with respect to the shares of Common Stock directly owned by Empire Capital; and (iii)Mr. Scott A. Fine ("Mr. Fine") with respect to the shares of Common Stock directly owned by Empire Capital; and (iv) Mr. Peter J. Richards ("Mr. Richards") with respect to the shares of Common Stock directly owned by Empire Capital. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. (b) The address of the principal business and principal office of Empire Capital and Empire GP is 1 Gorham Island, Westport, CT 06880. The business address of Messrs. Fine and Richards is 1 Gorham Island, Westport, CT 06880. (c) The principal business of Empire Capital is serving as a private investment limited partnership. The principal business of Empire GP is serving as General Partner to Empire Capital Partners. Messrs. Fine and Richards serve as the members of Empire GP. (d) None of the Reporting Persons has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) None of the Reporting Persons has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was, or is subject to, a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws. (f) Empire Capital is a limited partnership organized under the laws of the State of Delaware. Empire GP is a limited liability company organized under the laws of the State of Delaware. Messrs. Fine and Richards are each a United States citizen. CUSIP No. 300691102 13D Page 7 of 13 Pages Item 3. Source and Amount of Funds and Other Consideration. The net investment cost (including commissions, if any) of the shares of Common Stock directly owned by Empire Capital is approximately $3,208,958. Neither Messrs. Fine or Richards nor Empire GP own directly any shares of Common Stock. The shares of Common Stock purchased by Empire Capital were purchased with working capital. All or part of the shares of Common Stock directly owned by Empire Capital may from time to time be pledged with one or more banking institutions or brokerage firms as collateral for loans made by such bank(s) or brokerage firm(s) to Empire Capital. Such loans bear interest at a rate based upon the broker's call rate from time to time in effect. Such indebtedness may be refinanced with other banks or broker-dealers. Item 4. Purpose of the Transaction. The purpose of the acquisition of the shares of Common Stock by the Reporting Persons is for investment, and the purchases of the shares of Common Stock by the Reporting Persons were made in the ordinary course of business and were not made for the purpose of acquiring control of the Company. Although the acquisition of the shares of Common Stock by the Reporting Persons is for investment purposes, the Reporting Persons may pursue discussions with management in an effort to maximize long-term value for shareholders. Each of the Reporting Persons may make further purchases of shares of Common Stock from time to time and may dispose of any or all of the shares of Common Stock held by him or it at any time. None of the Reporting Persons has any plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (b) through (j), inclusive, of Item 4 of the Schedule 13D. Each of the Reporting Persons may, at any time and from time to time, review or reconsider his or its position and formulate plans or proposals with respect thereto, but has no present intention of doing so. Item 5. Interest in Securities of the Issuer. A. Empire Capital Partners, L.P. (a) Aggregate number of shares beneficially owned: 2,899,900 Percentage: 5.0% The percentages used herein and in the rest of Item 5 are calculated based upon the 57,804,560 shares of Common Stock issued and outstanding as of February 8, 2002 as reported by the Company in its Form 10-K dated April 1, 2002. CUSIP No. 300691102 13D Page 8 of 13 Pages (b) 1. Sole power to vote or direct vote: -0- 2. Shared power to vote or direct vote: 2,899,900 3. Sole power to dispose or direct the disposition: -0- 4. Shared power to dispose or direct the disposition: 2,899,900 (c) The trading dates, number of shares of Common Stock purchased or sold and the price per share for all transactions by Empire Capital in the Common Stock within the last sixty days, which were all in the open market, are set forth in Schedule A and are incorporated by reference. (d) Empire GP, the general partner of Empire Capital, has the power to direct the affairs of Empire Capital, including decisions respecting the receipt of dividends from, and the disposition of the proceeds from the sale of, the shares. Messrs. Fine and Richards are the members of Empire GP and in that capacity direct its operations. (e) Not applicable. B. Empire GP, L.L.C. (a) Aggregate number of shares beneficially owned: 2,899,900 Percentage: 5.0% (b) 1. Sole power to vote or direct vote: -0- 2. Shared power to vote or direct vote: 2,899,900 3. Sole power to dispose or direct the disposition: -0- 4. Shared power to dispose or direct the disposition: 42,000 (c) Empire GP did not enter into any transactions in the Common Stock of the Company within the last sixty days. The trading dates, number of shares of Common Stock purchased or sold and the price per share for all transactions in the Common Stock within the last sixty days on behalf of Empire Capital, which were all in the open market, are set forth in Schedule A, and are incorporated by reference. (d) Not applicable. (e) Not applicable. C. Scott A. Fine (a) Aggregate number of shares beneficially owned: 2,899,900 Percentage: 5.0% (b) 1. Sole power to vote or direct vote: -0- 2. Shared power to vote or direct vote: 2,899,900 3. Sole power to dispose or direct the disposition: -0- 4. Shared power to dispose or direct the disposition: 2,899,900 (c) Mr. Fine did not enter into any transactions in the Common Stock of the Company within the last sixty days. The trading dates, number of shares of Common Stock purchased or sold and the price per share for all transactions in the Common Stock within the last sixty days on behalf of Empire Capital, which were all in the open market, are set forth in Schedule A, and are incorporated by reference. CUSIP No. 300691102 13D Page 9 of 13 Pages (d) Not applicable. (e) Not applicable. D. Peter J. Richards (a) Aggregate number of shares beneficially owned: 2,899,900 Percentage: 5.0% (b) 1. Sole power to vote or direct vote: -0- 2. Shared power to vote or direct vote: 2,899,900 3. Sole power to dispose or direct the disposition: -0- 4. Shared power to dispose or direct the disposition: 2,899,900 (c) Mr. Richards did not enter into any transactions in the Common Stock of the Company within the last sixty days. The trading dates, number of shares of Common Stock purchased or sold and the price per share for all transactions in the Common Stock within the last sixty days on behalf of Empire Capital, which were all in the open market, are set forth in Schedule A, and are incorporated by reference. (d) Not applicable. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Other than the Joint Acquisition Statement attached as Exhibit 1 hereto, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 hereof and between such persons and any person with respect to any securities of the Company, including but not limited to transfer or voting of any other securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding of proxies. Item 7. Materials to be Filed as Exhibits. There is filed herewith as Exhibit 1 a written agreement relating to the filing of joint acquisition statements as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended. CUSIP No. 300691102 13D Page 10 of 13 Pages SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: April 12, 2002 /s/ SCOTT A. FINE --------------------- Scott A. Fine, individually, and as member of Empire GP, L.L.C., and as general partner of Empire Capital Partners, L.P. /s/ PETER J. RICHARDS --------------------- Peter J. Richards, individually, and as member of Empire GP, L.L.C., and as general partner of Empire Capital Partners, L.P. CUSIP No. 300691102 13D Page 11 of 13 Pages Schedule A Empire Capital Partners, L.P. Price Per Share Date of Number of Shares (including commissions, Transaction Purchased/(Sold) if any) 12/07/2001 990,000 .92513 12/10/2001 62,000 1.07610 12/11/2001 12,000 1.11378 12/12/2001 77,000 1.06222 12/13/2001 34,000 1.10464 12/14/2001 40,000 1.10253 12/17/2001 53,000 1.00497 12/18/2001 93,000 .99997 12/19/2001 65,000 1.00528 12/20/2001 27,000 1.00643 12/26/2001 37,000 .93008 12/26/2001 40,000 .96143 12/27/2001 7,000 1.01109 1/04/2002 51,000 1.25179 1/14/2002 14,000 1.01179 1/31/2002 1,000 1.18110 1/31/2002 50,000 1.21860 2/01/2002 5,000 1.22000 2/06/2002 500 1.23320 2/08/2002 5,000 1.16920 2/12/2002 20,000 1.12625 2/14/2002 2,000 1.17750 2/19/2002 70,000 1.15156 2/21/2002 15,000 1.17307 2/22/2002 30,000 1.16563 2/25/2002 64,000 1.07989 2/26/2002 29,000 1.01706 2/27/2002 2,000 1.08580 2/27/2002 10,000 1.07420 2/28/2002 70,000 1.11796 3/01/2002 15,000 1.17497 3/04/2002 67,000 1.14377 3/05/2002 2,000 1.16100 3/05/2002 79,000 1.11912 3/06/2002 1,200 1.16083 3/07/2002 52,000 1.16838 3/08/2002 18,000 1.19259 3/13/2002 33,000 1.16606 3/14/2002 13,000 1.20270 3/14/2002 22,000 1.26134 3/14/2002 78,000 1.25822 3/18/2002 32,000 1.36577 3/18/2002 55,000 1.36725 3/20/2002 25,000 1.38790 3/21/2002 15,000 1.40117 3/21/2002 52,600 1.39967 3/25/2002 16,000 1.47146 CUSIP No. 300691102 13D Page 12 of 13 Pages 3/26/2002 39,000 1.49344 3/27/2002 2,000 1.55750 3/27/2002 40,000 1.51543 3/28/2002 4,000 1.53495 3/28/2002 87,000 1.52298 4/02/2002 67,000 1.39907 4/03/2002 31,000 1.35521 4/03/2002 43,000 1.40028 4/04/2002 5,000 1.47360 4/04/2002 30,000 1.44513 CUSIP No. 300691102 13D Page 13 of 13 Pages EXHIBIT 1 JOINT ACQUISITION STATEMENT PURSUANT TO RULE 13D-1(k)1 The undersigned acknowledge and agree that the foregoing statement on Schedule 13D is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13D shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate. Dated: April 12, 2002 /s/ SCOTT A. FINE --------------------- Scott A. Fine, individually, and as member of Empire GP, L.L.C., general partner of Empire Capital Partners, L.P. /s/ PETER J. RICHARDS --------------------- Peter J. Richards, individually, and as member of Empire GP, L.L.C., general partner of Empire Capital Partners, L.P. -----END PRIVACY-ENHANCED MESSAGE-----