-----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, Rt0duBumC4mCAnvnYONA17Jtnt/wcmTyyv/ZkWCJIU4o5xo4TRAw0yYVhuK0Z6Rz BQNDeC2RNmgz60Lu/pPrSQ== 0000355948-97-000013.txt : 19970221 0000355948-97-000013.hdr.sgml : 19970221 ACCESSION NUMBER: 0000355948-97-000013 CONFORMED SUBMISSION TYPE: T-3/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970210 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: RICHARDSON ELECTRONICS LTD/DE CENTRAL INDEX KEY: 0000355948 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065] IRS NUMBER: 362096643 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: T-3/A SEC ACT: 1939 Act SEC FILE NUMBER: 022-22261 FILM NUMBER: 97523056 BUSINESS ADDRESS: STREET 1: 40W267 KESLINGER RD CITY: LAFOX STATE: IL ZIP: 60147 BUSINESS PHONE: 7082082200 MAIL ADDRESS: STREET 1: 40W267 KESLINGER ROAD CITY: LAFOX STATE: IL ZIP: 60147 T-3/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. SECOND AMENDMENT TO FORM T-3 FOR APPLICATIONS FOR QUALIFICATION OF INDENTURES UNDER THE TRUST INDENTURE ACT OF 1939 Richardson Electronics, Ltd. (Name of applicant) 36-2096643 (IRS Employer Identification No.) 40W267 Keslinger Road, LaFox, Illinois 60147 (Address of principal executive offices) SECURITIES TO BE ISSUED UNDER THE INDENTURE TO BE QUALIFIED Title of Class Amount 8-1/4% Convertible Senior Subordinated $40,000,000 Debentures due June 15, 2006 Approximate date of proposed public offering: February 14, 1997 Name and address of agent for service: William G. Seils Senior Vice President, General Counsel and Secretary Richardson Electronics, Ltd. 40W267 Keslinger Road LaFox, Illinois 60147 _________________ The obligor hereby amends this application for qualification on such date or dates as may be necessary to delay its effectiveness until (i) the 20th day after the filing of a further amendment which specifically states that it shall supersede this amendment, or (ii) such date as the Commission, acting pursuant to Section 307(c) of the Act, may determine upon the written request of the obligor. MANAGEMENT AND CONTROL 5. Principal owners of voting securities. Furnish the following information as to each person owning 10 percent or more of the voting securities of the applicant. As of January 31, 1997 Percent of Percentage of Total Voting Class of Voting if Class Name and Complete Title of Class Amount Securities Voting not Mailing Address Owned Owned Owned Applicable Edward J. Richardson Common 5,968,772(1)(2) 50.30% 84.33%(3) 40W267 Keslinger Rd. LaFox, IL 60147 Class B Common 3,189,421 98.35% 84.33%(3) (1) Includes 22,397 shares allocated to the account of Mr. Richardson under the Richardson Electronics, Ltd. Employees Stock Ownership Plan and Trust; 5,000 shares owned by William G. Seils as custodian for Alexander Richardson under the Illinois Uniform Gift to Minors Act; 3,000 shares owned by William G. Seils as custodian for Nicholas Richardson under the Illinois Uniform Gift to Minors Act; owned other than of record; and 4,730 shares which would be convertible upon redemption of $100,000 of the Corporation's 7-1/4% Convertible Subordinated Debentures due December 15, 2006, owned by the Arthur H. Richardson Trust dated 4/6/78 of which Mr. Richardson is a co-trustee and contingent beneficiary. (2) Because Class B Common Stock is convertible into Common Stock the number of shares listed as owned under the Common Stock column in the table also includes the number of shares listed under the Class B Common Stock column. (3) Each share of Common Stock has 1 vote per share and each share of Class B Common Stock has 10 votes per share. CAPITAL SECURITIES 7. Capitalization. (a) Furnish the following information as to each authorized class of securities of the applicant. As of January 31, 1997 Title of Class Amount Authorized Amount Outstanding Common Stock, $.05 par value 30,000,000 shares 8,671,723 shares Class B Common, $.05 par value(1)(2) 10,000,000 shares 3,243,081 shares Preferred Stock, $1.00 par value 5,000,000 shares None 7-1/4$ Convertible Subordinated(3) $83,000,000 $70,825,000 Debentures due December 15, 2006 8-1/4% Convertible Senior (4) $40,000,000 None Subordinated Debentures due June 15, 2006 (1) Shares of Class B Common Stock are subject to conversion into shares of Common Stock on a share for share basis. (2) There are currently options outstanding which have been granted to employees and directors of the applicant for an aggregate of 1,590,872 Shares at exercise prices ranging from $3.75 to $12.875 per share under various stock option or purchase plans of the applicant. (2) The 7-1/4% Debentures are convertible into Common Stock at $21.14 per share. (3) The 8-1/4% Debentures are convertible into Common Stock at $21.14 to $18 per share. (b) Voting Rights. Except as otherwise described below, and except for voting by class in instances required by law, holders of Common Stock and Class B Common Stock vote with holders of the Preferred (if any are issued with voting rights) as a single class on all matters including the election of directors, with each share of Common Stock having one vote and each share of Class B Common Stock having ten votes. There is no cumulative voting in the election of directors and shareholders voting a majority of the votes (including Edward J. Richardson, who presently owns shares having approximately 84.33% of the voting power) at any annual meeting will be able to elect all the directors to be elected, and the minority will not be able to elect any. Class Voting. Under the Delaware General Corporation Law, the holders of Common Stock and Class B Common stock are entitled to vote separately as a class upon any proposed amendment to the Company's Restated Certificate of Incorporation which would (i) increase or decrease the aggregate number of authorized shares of the class in question or par value of such shares or (ii) alter or change the powers, preferences or special rights of shares of such class so as to affect the holders thereof adversely. In addition, except for shares issued pursuant to options granted prior to December 10, 1986 under the Company's stock purchase or option plans or in connection with stock splits, dividends, reclassifications and other subdivisions, additional shares of Class B Common Stock may only be issued upon the approval of holders of a majority of the outstanding shares of Common Stock and Class B Common Stock, each voting separately as a class. Contents of second amendment to application for qualification. This second amendment of application for qualification comprises (a) Pages numbered 1 to 4 consecutively. __________________ SIGNATURE Pursuant to the requirements of the Trust Indenture Act of 1939, the applicant, Richardson Electronics, Ltd., a corporation organized and existing under the laws of Delaware, has duly caused this second amendment to application to be signed on its behalf by the undersigned, thereunto duly authorized, and its seal to be hereunto affixed and attested, all in the city of LaFox, and State of Illinois, on the 10th day of February, 1997. (SEAL) RICHARDSON ELECTRONICS, LTD. By /s/ Edward J. Richardson Edward J. Richardson Chairman and Chief Executive Officer Attest: By: /s/ William J. Garry William J. Garry Vice President and Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----