-----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, BkdIRv34KHufI9FTs6Ce5iydjwcVwuG2PQBw2UI4b2TF5PemNH4maT8gYw3ltPc+ zPgx2BNvdtD+kLroTgjZKg== 0000919567-02-000123.txt : 20020913 0000919567-02-000123.hdr.sgml : 20020913 20020913155825 ACCESSION NUMBER: 0000919567-02-000123 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020913 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EDT LEARNING INC CENTRAL INDEX KEY: 0001042291 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-OFFICES & CLINICS OF DOCTORS OF MEDICINE [8011] IRS NUMBER: 760545043 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-60017 FILM NUMBER: 02763797 BUSINESS ADDRESS: STREET 1: 2999 NORTH 44TH STREET STREET 2: SUITE 650 CITY: PHOENIX STATE: AZ ZIP: 85018 BUSINESS PHONE: 6029521200 MAIL ADDRESS: STREET 1: 2999 N 44TH STREET STREET 2: SUITE 650 CITY: PHOENIX STATE: AZ ZIP: 85018 FORMER COMPANY: FORMER CONFORMED NAME: PENTEGRA DENTAL GROUP INC DATE OF NAME CHANGE: 19970822 FORMER COMPANY: FORMER CONFORMED NAME: E-DENTIST COM INC DATE OF NAME CHANGE: 20001114 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RENAISSANCE CAPITAL GROWTH & INCOME FUND III INC CENTRAL INDEX KEY: 0000919567 IRS NUMBER: 752533518 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 8080 N CENTRAL EXPRWY STREET 2: STE 210 LB59 CITY: DALLAS STATE: TX ZIP: 75206 BUSINESS PHONE: 2148918294 MAIL ADDRESS: STREET 1: 8080 N CENTRAL EXPWY., SUITE 210 LB 59 CITY: DALLAS STATE: TX ZIP: 75206 SC 13D/A 1 edt13d-a082002.txt AMENDMENT NO. 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ---------------- SCHEDULE 13D (Rule 13d-101) (Amendment No. 1) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) EDT Learning, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 26841E 10 7 - -------------------------------------------------------------------------------- (CUSIP Number) Russell Cleveland 8080 N. Central Expressway Suite 210, LB-50 Dallas, TX 75206 214-891-8294 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 13 - 28, 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 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 [_]. (Page 1 of 9 Pages) CUSIP No. 26841E 10 13D Page 2 of 9 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Renaissance Capital Growth & Income Fund III, Inc. 75-2533518 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 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 Texas - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 1,048,266 SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY OWNED BY None ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 1,048,266 PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,048,266 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [-] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.93% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IV - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 26841E 10 13D Page 3 of 9 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Renaissance US Growth and Income Trust PLC None - Foreign - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 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 Kingdom - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 1,100,001 SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY OWNED BY None ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 1,100,001 PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,100,001 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [-] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.27% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IV - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 26841E 10 13D Page 4 of 9 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) BFS US Special Opportunities Trust PLC None - Foreign - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] - -------------------------------------------------------------------------------- 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 Kingdom - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 1,299,999 SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY OWNED BY None ----------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING 1,299,999 PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH None - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,299,999 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [-] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.59% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IV - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No.2684E 10 7 13D Page 5 of 9 Pages - -------------------------------------------------------------------------------- Item 1. Security and Issuer. This statement relates to the Common Stock ("Common Shares") of EDT Learning, Inc. (the "Company" or "EDT Learning"). The principal executive offices of the Company are located at 2999 North 44th Street, Suite 650, Phoenix, Arizona 85018. - -------------------------------------------------------------------------------- Item 2. Identity and Background. (a) This Statement is filed by Renaissance Capital Growth & Income Fund III, Inc. ("Renaissance III"), Renaissance US Growth & Income Trust PLC ("Renaissance PLC"); and BFS US Special Opportunities Trust PLC ("BFS US") (collectively the "Reporting Persons"). Renaissance Capital Group, Inc., a Dallas, Texas, firm that is registered as an Investment Adviser under the Investment Adviser Act of 1940, is the Investment Adviser for Renaissance III, the Investment Manager for Renaissance PLC, and the Investment Adviser for BFS US. Certain information concerning the directors and executive officers of the Reporting Persons is set forth on Attachment 1 attached hereto and incorporated herein by reference. (b) Renaissance III is a business development company regulated under the Investment Company Act of 1940, as amended, and organized under the laws of the State of Texas, with its principal business and principal office at 8080 N. Central Expressway, Suite 210, LB-59, Dallas, Texas 75206-1857. Renaissance PLC is an investment trust organized under the laws of England and Wales. Its address in the United States is c/o Renaissance Capital Group, Inc., Investment Manager, 8080 N. Central Expressway, Suite 210, LB-59, Dallas, Texas 75206-1857. BFS US is an investment trust organized under the laws of England and Wales. Its address in the United States is c/o Renaissance Capital Group, Inc., Investment Adviser, 8080 N. Central Expressway, Suite 210, LB-59, Dallas, Texas 75206-1857. The business addresses of the directors and executive officers of the Reporting Persons are set forth on Attachment 1 to this Statement and incorporated herein by reference. (c) Renaissance III and Renaissance PLC are engaged in the business of investing principally in emerging or undervalued U.S. public companies. BFS US was organized to carry on the business of an investment trust company and to undertake all kinds of trust and agency business, including but not limited to investing in emerging or undervalued U.S. public companies. (d) Neither any of the Reporting Persons nor, to the best knowledge of such persons, any person named in Attachment 1 to this Statement, has been convicted in a criminal proceeding in the past five years (excluding traffic violations or similar misdemeanors). CUSIP No. 22 527P 10 2 13D Page 6 of 9 Pages (e) Neither any of the Reporting Persons nor, to the best knowledge of such persons, any person named in Attachment 1 to this Statement, was during the last five years a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person 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) All persons named on Attachment 1 to this Statement are citizens of the United States or the United Kingdom. All of the directors and executive officers of Renaissance III are citizens of the United States. All of the directors of Renaissance PLC and BFS US are citizens of the United Kingdom, except for Russell Cleveland and C. A. Rundell, Jr., who are citizens of the United States. - -------------------------------------------------------------------------------- Item 3. Source and Amount of Funds or Other Consideration. The total amount of funds required by Renaissance III to acquire the securities reported in Item 5(a) was $527,033. The source of such funds was capital of Renaissance III. The total amount of funds required by Renaissance PLC to acquire the securities reported in Item 5(a) was $561,811. The source of such funds was capital of Renaissance PLC. The total amount of funds required by BFS US to acquire the securities reported in Item 5(a) was $768,810. The source of such funds was capital of BFS US. - -------------------------------------------------------------------------------- Item 4. Purpose of Transaction. The Reporting Persons each acquired beneficial ownership of the Common Stock reported in Item 5(a) both in the ordinary course of business for investment purposes. None of the Reporting Persons has any present plans or proposals which relate to or would result in any transaction, change, or event specified in clauses (a) through (j) of Item 4 of the Schedule 13D. - -------------------------------------------------------------------------------- Item 5. Interest in Securities of the Issuer. (a) Under SEC rules and as of the date of this filing, Renaissance III beneficially owns 1,048,266 Common Shares, Renaissance PLC beneficially owns 1,100,001 Common Shares, and BFS US beneficially owns 1,299,999 Common Shares. The Reporting Persons beneficially own 3,448,266 Common Shares computed on a fully converted basis. Based upon information filed with the Securities and Exchange Commission, the Common Shares beneficially owned by Renaissance III, Renaissance PLC, BFS US and together represent approximately 6.93%, 7.27%, 8.59% and 20.13%, respectively, of the outstanding Common Stock of the Company. The foregoing percentages are calculated based on the 14,137,096 shares of the Company's Common Stock outstanding as of June 11, 2002, as reported in the Company's most recently filed Form 10-K. Renaissance III, Renaissance PLC, and BFS US disclaim that they are members of a group for purposes of Regulation 13D. CUSIP No. 22 527P 10 2 13D Page 7 of 9 Pages The Common Shares beneficially owned by Renaissance III are comprised of 48,266 shares of Common Stock purchased in the open market, 500,000 shares of Common Stock issuable upon the conversion of a 12% Convertible Subordinated Note and 500,000 shares of Common Stock issuable upon the exercise of warrants. Renaissance PLC is deemed the beneficial owner of Common Shares comprised of 100,001 shares of Common Stock purchased in the open market, 500,000 shares of Common Stock issuable upon the conversion of a 12% Convertible Subordinated Note, and 500,000 shares of Common Stock issuable upon the exercise of warrants. BFS US is deemed the beneficial owner of Common Shares comprised of 299,999 shares of Common Stock purchased in the open market, 500,000 shares of Common Stock issuable upon the conversion of a 12% Convertible Subordinated Note, and 500,000 shares of Common Stock issuable upon the exercise of warrants. (b) Number of shares as to which Renaissance III has: (i) Sole power to vote or to direct the vote 1,048,266 (ii) Shared power to vote or to direct the vote None (iii) Sole power to dispose or to direct the disposition of 1,048,266 (iv) Shared power to dispose or to direct the disposition of None Number of shares as to which Renaissance PLC has: (i) Sole power to vote or to direct the vote 1,100,001 (ii) Shared power to vote or to direct the vote None (iii) Sole power to dispose or to direct the disposition of 1,100,001 (iv) Shared power to dispose or to direct the disposition of None Number of shares as to which BFS US has: (i) Sole power to vote or to direct the vote 1,299,999 (ii) Shared power to vote or to direct the vote None (iii) Sole power to dispose or to direct the disposition of 1,299,999 (iv) Shared power to dispose or to direct the disposition of None (c) No transaction in the Common Shares was effected by a Reporting Person since the last filing or within the past 60 days, except as follows: (a) the purchase by Renaissance III of 16,666 shares of Common Stock in the open market at an average price of $0.6266; (b) the purchase by Renaissance US of 100,001 shares of Common Stock in the open market for an average price of $0.6181; and (c) the purchase by BFS US of 99,999 shares of Common Stock in the open market for an average price of $0.6181. (d) No person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Shares beneficially owned by the Reporting Persons. (e) Not applicable. CUSIP No. 22 527P 10 2 13D Page 8 of 9 Pages - -------------------------------------------------------------------------------- Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Not Applicable. CUSIP No.2684E 10 7 13D Page 9 of 9 Pages - -------------------------------------------------------------------------------- Item 7. Material to be Filed as Exhibits. Exhibit 1 Joint Filing Agreement Pursuant to Rule 13d-1(k) - -------------------------------------------------------------------------------- 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. September 10, 2002 (Date) Renaissance Capital Growth & Income Fund III, Inc. /S/ Russell Cleveland (Signature) Russell Cleveland President and Chief Executive Officer (Name/Title) Renaissance US Growth and Income Trust PLC /S/ Russell Cleveland (Signature) Russell Cleveland Director BFS US Special Opportunities Trust PLC /S/ Russell Cleveland (Signature) Russell Cleveland Director Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001). ATTACHMENT 1 The name. business address. and principal occupation of the directors and executive officers of Renaissance III are as follows: DIRECTORS Principal Name Business Address Occupation Edward O. Boshell, Jr. c/o Renaissance Capital Group, Director 8080 North Central Expressway Suite 210, LB-59 Dallas, TX 75206-1857 Russell Cleveland c/o Renaissance Capital Group, Inc. Director 8080 North Central Expressway Suite 210, LB-59 Dallas, TX 75206-1857 Peter Collins c/o Renaissance Capital Group, Inc. Director 8080 North Central Expressway Suite 210, LB-59 Dallas, TX 75206-1857 Ernest C. Hill c/o Renaissance Capital Group, Inc. Director 8080 North Central Expressway Suite 210, LB-59 Dallas, TX 75206-1857 Charles C. Pierce, Jr. c/o Renaissance Capital Group, Inc. Director 8080 North Central Expressway Suite 210, LB-59 Dallas, TX 75206-1857 OFFICERS Russell Cleveland c/o Renaissance Capital Group, Inc. President and 8080 North Central Expressway Chief Executive Suite 210, LB-59 Officer Dallas, TX 75206-1857 John A. Schmit c/o Renaissance Capital Group, Inc. Vice President 8080 North Central Expressway Suite 210, LB-59 Dallas, TX 75206-1857 Robert C. Pearson c/o Renaissance Capital Group, Inc. Vice President 8080 North Central Expressway Suite 210, LB-59 Dallas, TX 75206-1857 Barbara A. Butschek c/o Renaissance Capital Group, Inc. Secretary and 8080 North Central Expressway Treasurer Suite 210, LB-59 Dallas, TX 75206-1857 Page 1 The name, business address, and principal occupation of the directors and executive officers of Renaissance PLC are as follows: DIRECTORS Principal Name Business Address Occupation Michael B. Cannan c/o Sinclair Henderson Limited Director 23 Cathedral Yard Exeter EX11HB Russell Cleveland c/o Sinclair Henderson Limited Director 23 Cathedral Yard Exeter EX11HB Ernest J. Fenton c/o Sinclair Henderson Limited Director 23 Cathedral Yard Exeter EX11HB Lord Mark Fitzalan Howard OBE c/o Sinclair Henderson Limited Director 23 Cathedral Yard Exeter EX11HB C. A. Rundell, Jr. c/o Sinclair Henderson Limited Director 23 Cathedral Yard Exeter EX11HB William W. Vanderfelt c/o Sinclair Henderson Limited Director 23 Cathedral Yard Exeter EX11HB OFFICERS None Page 2 The name. business address. and principal occupation of the directors and executive officers of BFS US are as follows: DIRECTORS Principal Name Business Address Occupation Lord Lang of Monkton c/o Sinclair Henderson Limited Director 23 Cathedral Yard Exeter EX11HB Russell Cleveland c/o Sinclair Henderson Limited Director 23 Cathedral Yard Exeter EX11HB Ernest John Fenton c/o Sinclair Henderson Limited Director 23 Cathedral Yard Exeter EX11HB Anthony Arthur Reid c/o Sinclair Henderson Limited Director 23 Cathedral Yard Exeter EX11HB William Weeks Vanderfelt c/o Sinclair Henderson Limited Director 23 Cathedral Yard Exeter EX11HB OFFICERS None Page 3 EXHIBIT 1 JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on Schedule 13D is filed on behalf of each of the undersigned and that all of each of the undersigned without the necessity of filing additional joint filing agreements. 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 it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent it knows or has reason to believe that such information is inaccurate. This Joint Filing Agreement may be executed in any number of counterparts and all of such counterparts taken together shall constitute one and the same instrument. RENAISSANCE CAPITAL GROWTH & INCOME FUND III, INC. By: _________________________________________ Name: Russell Cleveland Title: President and Chief Executive Officer RENAISSANCE US GROWTH & INCOME TRUST PLC By: _________________________________________ Name: Russell Cleveland Title: Director BFS US SPECIAL OPPORTUNITIES TRUST PLC By: __________________________________ Name: Russell Cleveland Title: Director -----END PRIVACY-ENHANCED MESSAGE-----