-----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, RxsUvAqrnxOaiTWyalHmKJ2ZlDYpW3q1QYr1rb5cn0LdNaENkrD0001SV1pBdEmv gtCd9WFmZXhZL4BUEP4FSg== /in/edgar/work/0000909518-00-000645/0000909518-00-000645.txt : 20001020 0000909518-00-000645.hdr.sgml : 20001020 ACCESSION NUMBER: 0000909518-00-000645 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20001019 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COLORADO MEDTECH INC CENTRAL INDEX KEY: 0000720013 STANDARD INDUSTRIAL CLASSIFICATION: [3845 ] IRS NUMBER: 840731006 STATE OF INCORPORATION: CO FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-37738 FILM NUMBER: 742832 BUSINESS ADDRESS: STREET 1: 6175 LONGBOW DR CITY: BOULDER STATE: CO ZIP: 80301 BUSINESS PHONE: 3035302660 MAIL ADDRESS: STREET 1: 6175 LONGBOW DRIVE CITY: BOULDER STATE: CO ZIP: 80301 FORMER COMPANY: FORMER CONFORMED NAME: CYBERMEDIC INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HEI INC CENTRAL INDEX KEY: 0000351298 STANDARD INDUSTRIAL CLASSIFICATION: [3674 ] IRS NUMBER: 410944876 STATE OF INCORPORATION: MN FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1495 STEIGER LAKE LN STREET 2: P O BOX 5000 CITY: VICTORIA STATE: MN ZIP: 55386 BUSINESS PHONE: 9524432500 MAIL ADDRESS: STREET 1: P O BOX 5000 STREET 2: 1495 STEIGER LAKE LANE CITY: VICTORIA STATE: MN ZIP: 55386 SC 13D/A 1 0001.txt ================================================================================ SECURITIES AND 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) (AMENDMENT NO. 1)* COLORADO MEDTECH, INC. - -------------------------------------------------------------------------------- (NAME OF ISSUER) COMMON STOCK, NO PAR VALUE - -------------------------------------------------------------------------------- (TITLE OF CLASS OF SECURITIES) 19652U 10 4 - -------------------------------------------------------------------------------- (CUSIP NUMBER) MICHAEL A. KING, ESQ. WEIL, GOTSHAL & MANGES LLP 767 5TH AVENUE NEW YORK, NEW YORK 10153 (212) 310-8000 - -------------------------------------------------------------------------------- (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS) OCTOBER 19, 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 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 |_|. NOTE. SCHEDULES FILED IN PAPER FORMAT SHALL INCLUDE A SIGNED ORIGINAL AND FIVE COPIES OF THE SCHEDULE, INCLUDING ALL EXHIBITS. SEE RULE 13D-7(B) FOR OTHER PARTIES TO WHOM COPIES ARE TO BE SENT . (CONTINUED ON FOLLOWING PAGES) (PAGE 1 OF 4 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 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 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). NY2:\970984\06\KT7S06!.DOC\52154.0003
- ------------------------------- ------------------------------------- --------------------------------------------------- CUSIP No. 19652U 10 4 13D Page 2 of 4 pages - ------------------------------- ------------------------------------- --------------------------------------------------- - ------------------------- --------------------------------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: HEI, INC. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: - ------------------------- --------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_] (B) [_] - ------------------------- --------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------- --------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC, OO - ------------------------- --------------------------------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [__] - ------------------------- --------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION: MINNESOTA - ------------------------------- ----- --------------------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER: 200 SHARES ----- --------------------------------------------------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER: 0 OWNED BY ----- --------------------------------------------------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER: 200 REPORTING ----- --------------------------------------------------------------------------------------------- PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,214,300 - ------------------------- --------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING 1,214,500 PERSON: - ------------------------- --------------------------------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES: [_] - ------------------------- --------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 9.9% - ------------------------- --------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON: CO - ------------------------- ---------------------------------------------------------------------------------------------------------
2 ITEM 4. PURPOSE OF TRANSACTION Item 4 is hereby replaced in its entirety with the following: HEI announced in a press release dated October 17, 2000 (the "Press Release") that it no longer intends to commence an exchange offer for Colorado MEDtech shares or solicit proxies for the removal and replacement of the current board of directors of Colorado MEDtech. HEI cited negative market conditions, the announcement of legal claims that may be asserted against Colorado MEDtech and the continued refusal of Colorado MEDtech's board to discuss a sale or other options to maximize shareholder value as being among the reasons for its decision. A copy of the Press Release is attached hereto as Exhibit 1 and is incorporated herein by reference. HEI and Mr. Fant, Chairman and Chief Executive Officer, are considering and discussing the possibility of unwinding the previously-reported sale and transfer of Colorado MEDtech shares from Mr. Fant to HEI. Except as set forth above, Mr. Fant has no present plans or intentions which would result in or relate to any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS EXHIBIT NO. DESCRIPTION 1 Press Release, dated October 17, 2000. 3 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. Date: October 19, 2000 HEI, INC. By:/s/ Donald R. Reynolds -------------------------------- Name: Donald R. Reynolds Title: President and Chief Operating Officer 4 EX-99 2 0002.txt EXHIBIT 1 NEWS RELEASE HEI INC. LOGO P. O. Box 5000 Victoria, Minnesota 55386 USA 952-443-2500 CONTACTS: FOR IMMEDIATE RELEASE Anthony J. Fant, CEO Donald R. Reynolds, President/COO Steve E. Tondera, CFO HEI, INC. ANNOUNCES IT NO LONGER INTENDS TO COMMENCE EXCHANGE OFFER MINNEAPOLIS, October 17, 2000 -- HEI, Inc. (Nasdaq: HEII, www.heii.com) today announced that it no longer intends to commence an exchange offer for Colorado MEDtech, Inc. (Nasdaq: CMED) or solicit proxies for the removal and replacement of the current CMED board. HEI cited negative market conditions, the announcement of legal claims that may be asserted against CMED, and the continued refusal of the CMED board to discuss a sale or other options to maximize shareholder value as being among the reasons for its decision. HEI also announced today that it has voluntarily dismissed its lawsuit against Colorado MEDtech and the CMED board of directors. The lawsuit has been discontinued without prejudice. "We considered the acquisition of CMED to be strategically appropriate for both companies, but only on terms that reflect their relative value," said Anthony Fant, Chairman and Chief Executive Officer of HEI, Inc. "Furthermore, the announcement that the former shareholder of CIVCO may assert claims in excess of $5 million dollars against Colorado MEDtech has caused us to step back and re-analyze the situation." "While we continue to assess our investment in CMED, we certainly do not preclude taking future action to maximize the value of that investment" added Mr. Fant. "Our business strategy and financial goals are unaffected by this decision," said Don Reynolds, President and Chief Operating Officer." "We are excited about our strategic growth plan and remain focused on building shareholder value." "We will continue to seek acquisitions that complement our technology and our strategic plan," Reynolds added. - ---------------------------------------------------------------------------------------------------------------- HEI, Inc., and Cross Technology, Inc., a wholly owned subsidiary of HEI, Inc., specialize in the custom design and manufacture of high performance, ultraminiature microelectronic devices and high-technology products incorporating those devices. HEI and Cross contribute to their customers' competitiveness in the hearing, medical, communications, wireless smart cards, other RF applications, and industrial markets through innovative design solutions and by the application of state-of-the art materials, processes and manufacturing capabilities. Headquarters and Microelectronics Division PO Box 5000, 1495 Steiger Lake Lane, Victoria, MN 55386 Mexico Division, Customer Service Center 777 East MacArthur Circle, Tucson, AZ 85714 High Density Interconnect Division 610 South Rockford Drive, Tempe, AZ 85281 Cross Technology, Inc. 1546 Lake Drive West, Chanhassen, MN 55317 - ----------------------------------------------------------------------------------------------------------------
FORWARD LOOKING INFORMATION Information in this news release, which is not historical, includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements contained in this press release including effects of acquisitions on our strategic growth and financial plans are forward looking statements. All of such forward-looking statements involve risks and uncertainties including, without limitation, adverse business or market conditions, the ability of HEI to secure and satisfy customers, the availability and cost of materials from HEI's suppliers, adverse competitive developments, change in or cancellation of customer requirements, and other risks detailed from time to time in HEI's SEC filings. 2 -----END PRIVACY-ENHANCED MESSAGE-----