-----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, UJ24a+SwOKJ1FgZ7AzJw/KJ92wo4H5uacI7gL49Wat+bURNv63BmOuvWRyCrM3Kq EoRsARlcAk4dpvigvYR+cg== 0000904454-05-000368.txt : 20050721 0000904454-05-000368.hdr.sgml : 20050721 20050721144557 ACCESSION NUMBER: 0000904454-05-000368 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050721 DATE AS OF CHANGE: 20050721 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MTM Technologies, Inc. CENTRAL INDEX KEY: 0000906282 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 133354896 STATE OF INCORPORATION: NY FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-48499 FILM NUMBER: 05965946 BUSINESS ADDRESS: STREET 1: 850 CANAL STREET CITY: STAMFORD STATE: CT ZIP: 06902 BUSINESS PHONE: 2039753700 MAIL ADDRESS: STREET 1: 850 CANAL STREET CITY: STAMFORD STATE: CT ZIP: 06902 FORMER COMPANY: FORMER CONFORMED NAME: MICROS TO MAINFRAMES INC DATE OF NAME CHANGE: 19930527 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CONSTELLATION VENTURE CAPITAL II LP CENTRAL INDEX KEY: 0001115990 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 575 LEXINGTON AVE CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 s13da_0719-2005mtm.txt SCHEDULE 13D/A MTM TECHNOLOGIES UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13D-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(a) (Amendment No. 1) (1) MTM TECHNOLOGIES, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.001 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 594944 10 0 - -------------------------------------------------------------------------------- (CUSIP number) Bear Stearns Asset Management Inc. Ropes & Gray LLP 383 Madison Avenue 45 Rockefeller Plaza New York, New York 10179 New York, New York 10111 (212) 272-9256 (212 841-5700 Attention: Clifford H. Friedman Attention: Kristopher D. Brown, Esq. - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 23, 2005 - -------------------------------------------------------------------------------- (Dates 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 ss.ss. 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 ss.240.13d-7 for other parties to whom copies are to be sent. - ------------------------------ (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 ("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. 594944 10 0 Page 2 of 9 Pages - -------------------------------------------------------------------------------- 1. Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) Constellation Venture Capital II, L.P. 13-4124531 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds OO, WC - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 7. Sole Voting Power NUMBER OF 2,791,431 shares of Common Stock SHARES ---------------------------------------------------- BENEFICIALLY 8. Shared Voting Power OWNED BY EACH ---------------------------------------------------- REPORTING 9. Sole Dispositive Power PERSON 2,791,431shares of Common Stock WITH ---------------------------------------------------- 10. Shared Dispositive Power - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 2,791,431 shares of Common Stock - -------------------------------------------------------------------------------- 12. Check If The Aggregate Amount In Row (11) Excludes Certain Shares |_| - -------------------------------------------------------------------------------- 13. Percent Of Class Represented By Amount In Row (11) 27.4 % - -------------------------------------------------------------------------------- 14. Type of Reporting Person PN - -------------------------------------------------------------------------------- CUSIP No. 594944 10 0 Page 3 of 9 Pages - -------------------------------------------------------------------------------- 1. Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) Constellation Venture Capital Offshore II, L.P. N/A - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds OO, WC - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Cayman Islands - -------------------------------------------------------------------------------- 7. Sole Voting Power NUMBER OF 1,485,469 shares of Common Stock SHARES ---------------------------------------------------- BENEFICIALLY 8. Shared Voting Power OWNED BY EACH ---------------------------------------------------- REPORTING 9. Sole Dispositive Power PERSON 1,485,469 shares of Common Stock WITH ---------------------------------------------------- 10. Shared Dispositive Power - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,485,469 shares of Common Stock - -------------------------------------------------------------------------------- 12. Check If The Aggregate Amount In Row (11) Excludes Certain Shares |_| - -------------------------------------------------------------------------------- 13. Percent Of Class Represented By Amount In Row (11) 16.7% - -------------------------------------------------------------------------------- 14. Type of Reporting Person PN - -------------------------------------------------------------------------------- CUSIP No. 594944 10 0 Page 4 of 9 Pages - -------------------------------------------------------------------------------- 1. Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) The BSC Employee Fund VI, L.P. 20-0778563 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds OO, WC - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 7. Sole Voting Power NUMBER OF 1,244,803 shares of Common Stock SHARES ---------------------------------------------------- BENEFICIALLY 8. Shared Voting Power OWNED BY EACH ---------------------------------------------------- REPORTING 9. Sole Dispositive Power PERSON 1,244,803 shares of Common Stock WITH ---------------------------------------------------- 10. Shared Dispositive Power - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,244,803 shares of Common Stock - -------------------------------------------------------------------------------- 12. Check If The Aggregate Amount In Row (11) Excludes Certain Shares |_| - -------------------------------------------------------------------------------- 13. Percent Of Class Represented By Amount In Row (11) 14.4% - -------------------------------------------------------------------------------- 14. Type of Reporting Person PN - -------------------------------------------------------------------------------- CUSIP No. 594944 10 0 Page 5 of 9 Pages - -------------------------------------------------------------------------------- 1. Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) CVC II Partners, L.L.C. 13-4144132 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds OO, WC - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 7. Sole Voting Power NUMBER OF 69,708 shares of Common Stock SHARES ---------------------------------------------------- BENEFICIALLY 8. Shared Voting Power OWNED BY EACH ---------------------------------------------------- REPORTING 9. Sole Dispositive Power PERSON 69,708 shares of Common Stock WITH ---------------------------------------------------- 10. Shared Dispositive Power - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 69,708 shares of Common Stock - -------------------------------------------------------------------------------- 12. Check If The Aggregate Amount In Row (11) Excludes Certain Shares |_| - -------------------------------------------------------------------------------- 13. Percent Of Class Represented By Amount In Row (11) 0.9% - -------------------------------------------------------------------------------- 14. Type of Reporting Person CO - -------------------------------------------------------------------------------- CUSIP No. 594944 10 0 Page 6 of 9 Pages - -------------------------------------------------------------------------------- 1. Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) Constellation Ventures Management II, LLC 13-4122121 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds Not Applicable - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 7. Sole Voting Power NUMBER OF SHARES ---------------------------------------------------- BENEFICIALLY 8. Shared Voting Power OWNED BY 5,521,703 shares of Common Stock EACH ---------------------------------------------------- REPORTING 9. Sole Dispositive Power PERSON WITH ---------------------------------------------------- 10. Shared Dispositive Power 5,521,703 shares of Common Stock - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person shares of Common Stock - -------------------------------------------------------------------------------- 12. Check If The Aggregate Amount In Row (11) Excludes Certain Shares |_| - -------------------------------------------------------------------------------- 13. Percent Of Class Represented By Amount In Row (11) 42.8% - -------------------------------------------------------------------------------- 14. Type of Reporting Person CO - -------------------------------------------------------------------------------- CUSIP No. 594944 10 0 Page 7 of 9 Pages - -------------------------------------------------------------------------------- 1. Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) Bear Stearns Asset Management Inc. 06-1135192 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (a) |X| (b) |_| - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds Not Applicable - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 7. Sole Voting Power NUMBER OF SHARES ---------------------------------------------------- BENEFICIALLY 8. Shared Voting Power OWNED BY 5,591,411 shares of Common Stock EACH ---------------------------------------------------- REPORTING 9. Sole Dispositive Power PERSON WITH ---------------------------------------------------- 10. Shared Dispositive Power 5,591,411 shares of Common Stock - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 5,591,411 shares of Common Stock - -------------------------------------------------------------------------------- 12. Check If The Aggregate Amount In Row (11) Excludes Certain Shares |_| - -------------------------------------------------------------------------------- 13. Percent Of Class Represented By Amount In Row (11) 43.1% - -------------------------------------------------------------------------------- 14. Type of Reporting Person CO - -------------------------------------------------------------------------------- CUSIP No. 594944 10 0 Page 8 of 9 Pages Amendment No. 1 to Schedule 13D Reference is hereby made to the statement on Schedule 13D filed with the Securities and Exchange Commission (the "Commission") on December 17, 2004 (the "Schedule 13D"). Terms defined in the Schedule 13D are used herein as so defined. The Schedule 13D is hereby amended as follows: Item 3. Source and Amount of Funds or Other Consideration Item 3 is hereby amended by adding the following thereto: On June 23, 2005, the Constellation Purchasing Entities acquired an aggregate 1,668,334 shares of Series A-4 Preferred Stock upon the automatic conversion of all of the Series A-4 Notes that they had acquired on December 10, 2004 and March 11, 2005 (plus interest accrued thereon). As described in the Schedule 13D, such conversion had been subject to shareholder approval, which was obtained on June 23, 2005. On June 29, 2005, the Constellation Purchasing entities acquired an aggregate 476,923 shares of Series A-4 Preferred Stock and an aggregate 95,385 A-4 Warrants from the Issuer, for an aggregate purchase price of approximately $1,550,000, and on July 7, 2005, the Constellation Purchasing entities acquired an aggregate 600,000 shares of Series A-4 Preferred Stock and an aggregate 119,999 A-4 Warrants from the Issuer, for an aggregate purchase price of approximately $1,950,000, pursuant to their respective options to do so under the 12/7 Purchase Agreement previously described in the Schedule 13D. As also previously described in the Schedule 13D, the Series A-4 Preferred Stock is convertible into Common Stock at a ratio of one-for-one, subject to adjustment pursuant to its terms, and the A-4 Warrants are exercisable for five years from their date of issuance at an exercise price of $4.0625 per share of Common Stock. Any descriptions of the 12/7 Purchase Agreement, the Series A-4 Preferred Stock and the A-4 Warrants are qualified in their entirety by reference to MTM's Report on Form 8-K, and the Exhibits thereto, filed with the Commission on December 13, 2004, as previously incorporated into the Schedule 13D by reference. Item 5. Interest in Securities of the Issuer Item 5 is hereby amended and restated to read in its entirety as follows: (a) The Reporting Persons beneficially own an aggregate 5,591,411 shares of Common Stock, or approximately 43.1% of the Common Stock outstanding. This information is based on 7,392,317 shares of Common Stock outstanding as of June 15, 2005, as reported in the Issuer's Report on Form 10-K for the fiscal year ended March 31, 2005, which was filed with the Commission on June 29, 2005, and gives effect to the conversion of all shares of Series A-3 and A-4 Preferred Stock and exercise of all A-3 and A-4 Warrants held by the Reporting Persons. (b) The information provided by each Reporting Person to Items (7) through (11) of pages 2 through 7 is incorporated herein by reference. (c) Not Applicable (d) Not Applicable (e) Not Applicable CUSIP No. 594944 10 0 Page 9 of 9 Pages Signature The undersigned hereby agree that this Schedule 13D with respect to the Common Stock, par value $.001 per share, of MTM Technologies, Inc. is filed on behalf of each of them in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended. After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: July 19, 2005 CONSTELLATION VENTURE CAPITAL II, L.P. By: Constellation Ventures Management II, LLC, General Partner By: Bear Stearns Asset Management Inc., Managing Member By:/s/ Clifford H. Friedman ------------------------------- Name: Clifford H. Friedman Title: Senior Managing Director CONSTELLATION VENTURE CAPTIAL OFFSHORE II, L.P. By: Constellation Ventures Management II, LLC, General Partner By: Bear Stearns Asset Management Inc., Managing Member By:/s/ Clifford H. Friedman ---------------------------------- Name: Clifford H. Friedman Title: Senior Managing Director THE BSC EMPLOYEE FUND VI, L.P. By: Constellation Ventures Management II, LLC, General Partner By: Bear Stearns Asset Management Inc., Managing Member By:/s/ Clifford H. Friedman ---------------------------------- Name: Clifford H. Friedman Title: Senior Managing Director CVC II PARTNERS, L.L.C. By:/s/ Clifford H. Friedman ---------------------------------- Name: Clifford H. Friedman Title: Member CONSTELLATION VENTURES MANAGEMENT II, LLC By: Bear Stearns Asset Management Inc., Managing Member By:/s/ Clifford H. Friedman ---------------------------------- Name: Clifford H. Friedman Title: Senior Managing Director BEAR STEARNS ASSET MANAGEMENT INC. By:/s/ Clifford H. Friedman ---------------------------------- Name: Clifford H. Friedman Title: Senior Managing Director -----END PRIVACY-ENHANCED MESSAGE-----