-----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, B9HtLABLW9OJB5/AMmuuK7VLrKUr3W/HS3pKuNFrgoOaNzmzdrv6Je2FB2ydgKEI k/F0Sx8entRgf8TRWOYcZQ== /in/edgar/work/0000901309-00-000251/0000901309-00-000251.txt : 20001116 0000901309-00-000251.hdr.sgml : 20001116 ACCESSION NUMBER: 0000901309-00-000251 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20001115 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LUMISYS INC \DE\ CENTRAL INDEX KEY: 0001001289 STANDARD INDUSTRIAL CLASSIFICATION: [3577 ] IRS NUMBER: 770133232 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-49083 FILM NUMBER: 771032 BUSINESS ADDRESS: STREET 1: 225 HUMBOLDT CT CITY: SUNNYVALE STATE: CA ZIP: 94089 BUSINESS PHONE: 4087336565 MAIL ADDRESS: STREET 1: 225 HUMBOLDT CT CITY: SUNNYVALE STATE: CA ZIP: 94089 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: EASTMAN KODAK CO CENTRAL INDEX KEY: 0000031235 STANDARD INDUSTRIAL CLASSIFICATION: [3861 ] IRS NUMBER: 160417150 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 343 STATE ST CITY: ROCHESTER STATE: NY ZIP: 14650 BUSINESS PHONE: 7167244000 SC 13D 1 0001.txt SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Lumisys Incorporated (Name of Issuer) Common Stock, par value $.001 per share (Title of Class of Securities) 55027494 (CUSIP Number) Joyce P. Haag, Esq. Deborah McLean Quinn, Esq. Secretary Nixon Peabody LLP Eastman Kodak Company Clinton Square Suite 1300 343 State Street Rochester, New York 14604 Rochester, New York 14650 elephone: 716-263-1307 Telephone: 716-274-4368 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 9, 2000 - -------------------------------------------------------------------------------- (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 ss.ss. 240.13d-1(e), 240.13d01(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(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 the 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. 55027494 Page 2 of 9 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Eastman Kodak Company 16-0417150 - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) X - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) WC - -------------------------------------------------------------------------------- 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) - -------------------------------------------------------------------------------- 6. Citizenship or Place of Organization State of New Jersey - -------------------------------------------------------------------------------- Number of 7. Sole Voting Power Shares 1,076,636* shares of Common Stock Beneficially ----------------------------------------------- Owned by Each 8. Shared Voting Power Reporting 0 Person With ----------------------------------------------- 9. Sole Dispositive Power 0 ----------------------------------------------- 10. Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person shares of Common Stock 1,076,636* shares of Common Stock - -------------------------------------------------------------------------------- 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) X* - -------------------------------------------------------------------------------- CUSIP No. 55027494 Page 3 of 9 13. Percent of Class Represented by Amount in Row (11) 11.39% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO - -------------------------------------------------------------------------------- *Includes 175,000 shares subject to immediately exercisable options. Does not include 16,249 shares subject to immediately exercisable stock option(s) with an exercise price of more than $4.05 per share (the Merger Consideration). This Schedule relates to shares of the Common Stock, par value $.001 per share ("Common Stock") of Lumisys Incorporated (the "Issuer" or "Lumisys"). The Issuer's principal executive office is located at 225 Humboldt Court, Sunnyvale, California 94089. CUSIP No. 55027494 Page 4 of 9 ITEM 2. IDENTITY AND BACKGROUND. This Statement is being filed by Eastman Kodak Company ("Kodak") in connection with (i) an Agreement and Plan of Merger (the "Merger Agreement"), dated November 9, 2000, among Kodak, its wholly owned subsidiary Sunfish Acquisition Corp. (Merger Subsidiary") , and Lumisys, and (ii) the Stockholder Agreement (the "Stockholder Agreement") among Kodak, Sunfish Acquisition Corp., Lumisys and Bala Manian, Ph.D., individually and in his capacity as trustee of the Manian Revocable Trust and as general partner of Saraswati Partners and Phillip Berman, M.D., individually and in his capacity as manager of the P. Berman Family LLC, the general partner of Sequoia Investment Limited Partnership (the "Lumisys Significant Stockholders"), dated November 9, 2000, which grants Kodak the right, as proxy and attorney-in-fact (with full power of substitution), for and in the name, place and stead of the Lumisys Significant Stockholders, to vote such Stockholders' shares of Common Stock or grant any consent or approval with respect to such Stockholders' shares of Common Stock under certain circumstances described below. The Merger Agreement and the Stockholders' Agreement are incorporated by reference as an exhibit to this Schedule 13D. Kodak is organized as a corporation under the laws of the State of New Jersey, and its headquarters business address is 343 State Street, Rochester, New York 14650. Kodak is engaged primarily in developing, manufacturing and marketing consumer, professional, health and other imaging products and services. The names, business addresses, principal occupations and citizenship of the directors and executive officers of Kodak are set forth in Annex A hereto and are incorporated herein by reference. None of Kodak or its directors or executive officers has, during the last five years, been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he, she or it is or was 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. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION In consideration of and as a condition to Kodak entering into the Merger Agreement, Kodak has been appointed proxy and attorney-in-fact to vote the shares of Lumisys Common Stock owned by the Lumisys Significant Stockholders as of November 9, 2000 and which may be acquired pursuant to outstanding options as of such date, and has been granted certain other rights under the Stockholders' Agreement. CUSIP No. 55027494 Page 5 of 9 ITEM 4. PURPOSE OF THE TRANSACTION On November 9, 2000, Kodak, Merger Subsidiary and Lumisys entered into the Merger Agreement pursuant to which Merger Subsidiary will merge with and into Lumisys and Lumisys will be the surviving corporation. Upon consummation of the merger, the directors and officers of Merger Subsidiary immediately prior to the merger will be the directors and officers of the surviving corporation after the merger, the separate existence of Merger Subsidiary will cease, and all of the outstanding shares of the surviving corporation will be held by Kodak. The purchase price payable by Kodak consists of $4.05 per share for each share of Lumisys Common Stock outstanding, or approximately $39 million in the aggregate. Completion of the merger is subject to customary conditions, including the approval by Lumisys shareholders and regulatory approvals. The Merger Agreement may be terminated under certain circumstances including if (a) Lumisys does not obtain the required stockholder approval, (b) the merger is not consummated by January 31, 2001 (or February 28, 2001, in certain circumstances), or (c) Lumisys receives and its board of directors approves an unsolicited proposal to acquire 50% or more of Lumisys' Common Stock or 50% or more of Lumisys' assets or all of the outstanding shares of stock or assets of AuntMinnie.com, Inc., a majority owned subsidiary of Lumisys, in any such case which Lumisys' board concludes is superior to Lumisys' shareholders from a financial point of view than the transactions contemplated by the Merger Agreement, subject to certain conditions and limitations. The terms of the Merger Agreement are incorporated herein by reference. Kodak, Merger Subsidiary, Lumisys and the Lumisys Significant Stockholders entered into the Stockholder Agreement as a condition of Kodak entering into the Merger Agreement. Pursuant to the terms of the Stockholder Agreement, the Lumisys Significant Stockholders have each agreed that at any meeting of stockholders of Lumisys, however called, or any action by written consent of the stockholders of Lumisys in lieu of a meeting, the Lumisys Significant Stockholders will vote all of their shares of Lumisys Common Stock: (i) in favor of approval of the Merger Agreement and the transactions contemplated thereby (including the Merger) and by any of the agreements referred to therein (the "Transactions"); (ii) against any action or agreement that would result in a breach in any respect of any representation, warranty, agreement or covenant or any other obligation or agreement of Lumisys under the Merger Agreement or in connection with the Transactions; and (iii) except as otherwise agreed to in writing in advance by Kodak, against: (A) any "Other Acquisition" as defined in the Stockholder Agreement; (B) any change in a majority of the individuals who, as of the date hereof, constitute the Board of Directors of Lumisys; (C) any extraordinary corporate transaction, such as a merger, consolidation or other business combination involving Lumisys and any third party; (D) a sale, lease, transfer or disposition of any assets of Lumisys or any of its subsidiaries outside the ordinary course of business, or any assets which are material to its business whether or not in the ordinary course of business, or a reorganization, recapitalization, dissolution or liquidation of the Company; (E) any change in the present capitalization of Lumisys or any amendment of its Certificate of Incorporation or Bylaws; (F) any other material change in Lumisys' corporate structure or affecting its business, and (G) any other action which is intended, or could reasonably be expected, to impede, interfere with, delay, postpone or materially adversely affect the Merger or any of the other transactions contemplated by the Merger Agreement (including CUSIP No. 55027494 Page 6 of 9 the agreements referred to therein), or any of the transactions contemplated by the Stockholder Agreement or change any of the voting rights of any voting securities of Lumysis. The Lumisys Significant Stockholders also appointed Kodak as proxy and attorney-in-fact to vote their Lumisys Common Stock in the same manner for the Merger Proposal and against contrary proposals. The Lumisys Significant Stockholders also agreed not to (a) transfer ownership of their shares of Lumisys stock, (b) enter into any contract, option or arrangement with respect to the transfer of their shares, or (c) enter into any other voting arrangement with respect to their shares during the term of the Stockholders' Agreement. The Stockholder Agreement will terminate upon the termination of the Merger Agreement in accordance with its terms. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Kodak has been named as proxy and attorney-in-fact to vote the shares of Lumisys Common Stock held by the Lumisys Significant Stockholders as described herein. See Item 7. The percentage of ownership set forth in this Schedule 13D is based upon 9,275,01 shares of the Issuer's Common Stock outstanding as of August 8, 2000, as reported in the Issuer's Quarterly Report on Form 9-Q for the quarter ended June 30, 2000, and the 175,000 shares subject to currently exercisable, in the money, options held by the Lumisys Significant Stockholders. Kodak declares that the filing of this Schedule 13D shall not be construed as an admission that Kodak is, for the purposes of Section 13(d) of the Act, the beneficial owner of any Lumisys Common Stock, and it disclaims beneficial ownership of the shares of Lumisys Common Stock reported herein. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER Other than the Merger Agreement described in response to Item 4 (which response is incorporated in this Item 6 by reference), and the Stockholder Agreement described in response to Items 3 and 4 (which responses are incorporated in this Item 6 by reference) and the transactions contemplated thereby, there are no contracts, arrangements, understandings or relationships among the persons named in Item 2 or between such person and any other person with respect to the shares of Lumisys Common Stock or, to the best knowledge of Kodak, among any of Kodak's executive officers and directors or, to the best knowledge of Kodak Inc., between any of Kodak's executive officers and directors and any other person, with respect to the shares of Lumisys Common Stock. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS 1. Agreement and Plan of Merger, dated November 9, 2000, among Kodak, Merger Subsidiary and Lumisys. Incorporated by reference to Exhibit 2.1 to the Lumisys Incorporated Form 10-Q for the quarterly period ended September 30, 2000, Commission File No. 0-26832 ("Lumisys 10-Q"). 2. Stockholder Agreement, dated as of November 9, 2000, among between Kodak, CUSIP No. 5027494 Page 7 of 9 Merger Subsidiary, Lumisys and each of the Lumisys Significant Stockholders. Incorporated by reference to Exhibit 9.1 to the Lumisys 10-Q SIGNATURE After reasonable inquiry and to the best of the undersigned's knowledge and belief I certify that the information set forth in this statement is true, complete and correct. Dated: November 14, 2000 Eastman Kodak Company By:/s/ Joyce P. Haag ------------------------ Joyce P. Haag, Secretary CUSIP No. 55027494. Page 8 of 9 Schedule A to Schedule 13D EXECUTIVE OFFICERS OF EASTMAN KODAK COMPANY ("KODAK") (all with business addresses at 343 State Street, Rochester, New York 14650): Name Citizenship Title George M. C. Fisher.................United States Chairman of the Board of Directors Daniel A. Carp......................United States President, Chief Executive Officer and Director Robert H. Brust.....................United States Chief Financial Officer and Executive Vice President Eric L. Steenburgh..................United States Executive Vice President Martin M. Coyne, II.................United States Executive Vice President Michael P. Morley...................United States Executive Vice President Joerg D. Agin.......................United States Senior Vice President Charles S. Brown, Jr. ..............United States Senior Vice President Carl E. Gustin, Jr..................United States Chief Marketing Officer and Senior Vice President Theodore G. Lewis...................United States Senior Vice President J. Michale McQuade..................United States Senior Vice President Candy M. Obourn.....................United States Senior Vice President Dan P. Palumbo......................United States Senior Vice President Willy C. Shih.......................United States Senior Vice President Patrick T. Siewert..................United States Senior Vice President Dr. James C. Stoffel................United States Chief Technical Officer and Senior Vice President David L. Smith......................United States Senior Vice President Gary P. VanGraafeiland..............United States General Counsel and Senior Vice President E. Mark Rajkowski...................United States Controller Michael P. Bernard..................United States Vice President NON-EMPLOYEE DIRECTORS OF KODAK INCORPORATED (all with business addresses at 343 State Street, Rochester, New York 14650): Richard S. Braddock.................United States Director of Kodak, Chairman and Chief Executive Officer of Priceline.com Martha Layne Collins ...............United States Director of Kodak, Executive Scholar in Residence, Georgetown College, Kentucky Alice F. Emerson....................United States Director of Kodak, Senior Advisor of the Andrew W. Mellon Foundation Paul E. Gray........................United States Director of Kodak, President Emeritus and Professor, Massachusetts Institute of Technology CUSIP No. 55027494.................. Page 9 of 9 Durk I. Jager.......................United States Director of Kodak, Former Chairman, President and Chief Executive Officer of The Proctor and Gamble Company Debra L. Lee........................United States Director of Kodak, President and Chief Operating Officer of BET Holdings, Inc. Paul H. O'Neill.....................United States Director of Kodak, Chairman, Aluminum Company of America John J. Phelan, Jr..................United States Director of Kodak, Retired Chairman and Chief Executive Officer of the New York Stock Exchange Laura D'Andrea Tyson................United States Director of Kodak, Dean of the Walter A. Haas School of Business, University of California, Berkeley Richard A. Zimmerman................United States Director of Kodak, Retired Chairman and Chief Executive Officer, Hershey Foods Corporation -----END PRIVACY-ENHANCED MESSAGE-----