-----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, Agf0KX/4gbCjxYnSj7K5ULSichDaNBA0iUGRK6dLUz8AAnrn9Xq01bJoPHoGq/VL 0xn9QyLfRGNYbnM7f8/9dw== 0000911420-02-000178.txt : 20020702 0000911420-02-000178.hdr.sgml : 20020702 20020702144226 ACCESSION NUMBER: 0000911420-02-000178 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20020702 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SYNTELLECT INC CENTRAL INDEX KEY: 0000758830 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 860486871 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-41290 FILM NUMBER: 02694959 BUSINESS ADDRESS: STREET 1: 16610 N. BLACK CANYON HIGHWAY STREET 2: SUITE 100 CITY: PHOENIX STATE: AZ ZIP: 85053 BUSINESS PHONE: 602-789-2800 MAIL ADDRESS: STREET 1: 16610 N. BLACK CANYON HIGHWAY STREET 2: SUITE 100 CITY: PHOENIX STATE: AZ ZIP: 85053 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WYNNEFIELD PARTNERS SMALL CAP VALUE LP CENTRAL INDEX KEY: 0000899083 IRS NUMBER: 133688497 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: ONE PENN PLAZA STREET 2: SUITE 4720 CITY: NEW YORK STATE: NY ZIP: 10119 BUSINESS PHONE: 2127600814 MAIL ADDRESS: STREET 1: ONE PENN PLAZA STREET 2: SUITE 4720 CITY: NEW YORK STATE: NY ZIP: 10119 SC 13D/A 1 d826649.txt AMENDMENT 2 TO SCHEDULE 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 SCHEDULE 13D (RULE 13D-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(A) (AMENDMENT NO. 2)* SYNTELLECT INC. --------------- (Name of Issuer) COMMON STOCK, PAR VALUE $0.01 PER SHARE --------------------------------------- (Title of Class of Securities) 87161-L-10-5 ------------ (CUSIP Number) WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. 450 SEVENTH AVENUE, SUITE 509 NEW YORK, NEW YORK 10123 (212) 760-0330 ATTENTION: MR. NELSON OBUS -------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) JUNE 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 [ ]. Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. (Page 1 of 8 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). - -------------------------------------------------------------------------------- CUSIP NO. 87161-L-10-5 13D/A PAGE 2 of 8 - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON: WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. I.R.S. IDENTIFICATION N0S. OF ABOVE PERSONS (ENTITIES ONLY): 13-3688497 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) | | - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC (SEE ITEM 3)* - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | | - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES 234,100 (SEE ITEM 5)* ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY -0- (SEE ITEM 5)* ---------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER PERSON 234,100 (SEE ITEM 5)* ---------------------------------------------------- WITH 10. SHARED DISPOSITIVE POWER -0- (SEE ITEM 5)* - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 234,100 (SEE ITEM 5)* - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | | - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.1% (SEE ITEM 5)* - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- ____________________________ * See Items 3 and 5, as set forth in Amendment No. 1 to Schedule 13D, filed on April 26, 2002, which are incorporated herein by reference in their entirety. - -------------------------------------------------------------------------------- CUSIP NO. 87161-L-10-5 13D/A PAGE 3 of 8 - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON: WYNNEFIELD PARTNERS SMALL CAP VALUE OFFSHORE FUND, LTD. I.R.S. IDENTIFICATION N0S. OF ABOVE PERSONS (ENTITIES ONLY): NOT APPLICABLE - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) | | - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC (SEE ITEM 3)* - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | | - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION CAYMAN ISLANDS - -------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES 84,100 (SEE ITEM 5)* ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY -0- (SEE ITEM 5)* ---------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER PERSON 84,100 (SEE ITEM 5)* ---------------------------------------------------- WITH 10. SHARED DISPOSITIVE POWER -0- (SEE ITEM 5)* - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 84,100 (SEE ITEM 5)* - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | | - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.7% (SEE ITEM 5)* - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- ____________________________ * See Items 3 and 5, as set forth in Amendment No. 1 to Schedu1e 13D, filed on April 26, 2002, which are incorporated herein by reference in their entirety. - -------------------------------------------------------------------------------- CUSIP NO. 87161-L-10-5 13D/A PAGE 4 of 8 - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON: WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. I I.R.S. IDENTIFICATION N0S. OF ABOVE PERSONS (ENTITIES ONLY): 13-3953291 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) | | - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC (SEE ITEM 3)* - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | | - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES 282,600 (SEE ITEM 5)* ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY -0- (SEE ITEM 5)* ---------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER PERSON 282,600 (SEE ITEM 5)* ---------------------------------------------------- WITH 10. SHARED DISPOSITIVE POWER -0- (SEE ITEM 5)* - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 282,600 (SEE ITEM 5)* - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | | - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.5% (SEE ITEM 5)* - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- ____________________________ * See Items 3 and 5, as set forth in Amendment No. 1 to Schedule 13D, filed on April 26, 2002, which are incorporated herein by reference in their entirety. - -------------------------------------------------------------------------------- CUSIP NO. 87161-L-10-5 13D/A PAGE 5 of 8 - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON: WYNNEFIELD CAPITAL MANAGEMENT L.L.C. I.R.S. IDENTIFICATION N0S. OF ABOVE PERSONS (ENTITIES ONLY): 13-4018186 - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) | | - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF (SEE ITEM 3)* - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | | - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK - -------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES 516,700 (SEE ITEM 5)* ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY -0- (SEE ITEM 5)* ---------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER PERSON 516,700 (SEE ITEM 5)* ---------------------------------------------------- WITH 10. SHARED DISPOSITIVE POWER -0- (SEE ITEM 5)* - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 516,700 (SEE ITEM 5)* - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | | - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.6% (SEE ITEM 5)* - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON OO (LIMITED LIABILITY COMPANY - -------------------------------------------------------------------------------- ____________________________ * See Items 3 and 5, as set forth in Amendment No. 1 to Schedule 13D, filed on April 26, 2002, which are incorporated herein by reference in their entirety. - -------------------------------------------------------------------------------- CUSIP NO. 87161-L-10-5 13D/A PAGE 6 of 8 - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON: WYNNEFIELD CAPITAL, INC. I.R.S. IDENTIFICATION N0S. OF ABOVE PERSONS (ENTITIES ONLY): NOT APPLICABLE - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |X| (b) | | - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF (SEE ITEM 3)* - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | | - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION CAYMAN ISLANDS - -------------------------------------------------------------------------------- NUMBER OF 7. SOLE VOTING POWER SHARES 84,100 (SEE ITEM 5)* ---------------------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY -0- (SEE ITEM 5)* ---------------------------------------------------- EACH REPORTING 9. SOLE DISPOSITIVE POWER PERSON 84,100 (SEE ITEM 5)* ---------------------------------------------------- WITH 10. SHARED DISPOSITIVE POWER -0- (SEE ITEM 5)* - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 84,100 (SEE ITEM 5)* - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | | - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.7% (SEE ITEM 5)* - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON CO - -------------------------------------------------------------------------------- ____________________________ * See Items 3 and 5, as set forth in Amendment No. 1 to Schedule 13D, filed on April 26, 2002, which are incorporated herein by reference in their entirety. - -------------------------------------------------------------------------------- CUSIP NO. 87161-L-10-5 13D/A PAGE 7 of 8 - -------------------------------------------------------------------------------- This Amendment No. 2 (the "Amendment") amends the initial Statement of Beneficial Ownership on Schedule 13D, as heretofore amended by Amendment No. 1 thereto, filed with the Securities and Exchange Commission on September 7, 2001, and April 26, 2002, respectively (together, the "Schedule 13D"), by Wynnefield Partners Small Cap Value, L.P., Wynnefield Partners Small Cap Value, L.P. I, Wynnefield Small Cap Offshore Fund, Ltd., Wynnefield Capital Management, LLC and Wynnefield Capital, Inc. (collectively, the "Wynnefield Group"), with respect to the shares of common stock, par value $0.01 per share (the "Common Stock"), of Syntellect Inc., a Delaware corporation with its principal executive offices located at 16610 North Black Canyon Road, Suite 100, Phoenix, Arizona 85053 (the "Company"). Unless specifically amended hereby, the disclosures set forth in the Schedule 13D shall remain unchanged. ITEM 4. PURPOSE OF TRANSACTION. The response to Item 4 is hereby supplemented by adding the following: On June 28, 2002, the Wynnefield Group delivered to the Company's board of directors (the "Board") a letter, dated June 28, 2002 ("June 2002 Letter") relating its concern with the failure, to date, of the Company to publicly announce the actions, if any, being taken to avoid the delisting of the Company's Common Stock from the NASDAQ Stock Market and NASDAQ's SmallCap Market. In the opinion of the Wynnefield Group, such delisting and the subsequent transfer to the OTC Bulletin Board would ultimately eliminate what is left of the Company's stockholders' value. In its June 2002 Letter, the Wynnefield Group has insisted that, consistent with the Board's fiduciary duties, the Company must keep all stockholders fully informed with respect to steps being taken and all transactional alternatives being considered by the Company to avoid an equity catastrophe. The June 2002 Letter is attached hereto as Exhibit 99.1, and is incorporated herein by reference in its entirety. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. The response to Item 7 is hereby amended and supplemented to add the following exhibit: Exhibit 99.1 Letter from the Wynnefield Group to the Company, dated June 28, 2002. - -------------------------------------------------------------------------------- CUSIP NO. 87161-L-10-5 13D/A PAGE 8 of 8 - -------------------------------------------------------------------------------- SIGNATURE 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 2, 2002 WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. By: Wynnefield Capital Management, LLC, General Partner By: /s/ Nelson Obus ------------------------------------ Nelson Obus, Co-Managing Member WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. I By: Wynnefield Capital Management, LLC, General Partner By: /s/ Nelson Obus ------------------------------------ Nelson Obus, Co-Managing Member WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND, LTD. By: Wynnefield Capital, Inc. By: /s/ Nelson Obus ------------------------------------ Nelson Obus, President WYNNEFIELD CAPITAL MANAGEMENT, L.L.C. By: /s/ Nelson Obus ------------------------------------ Nelson Obus, Co-Managing Member WYNNEFIELD CAPITAL, INC. By: /s/ Nelson Obus ------------------------------------ Nelson Obus, President EXHIBIT INDEX Page No. Exhibit 99.1 Letter from the Wynnefield Group to the Company, 10 dated June 28, 2002. EX-99.1 3 e826649b.txt LETTER FROM WYNNEFIELD GROUP Exhibit 99.1 WYNNEFIELD CAPITAL, INC. 450 SEVENTH AVENUE, SUITE 509 NEW YORK, NEW YORK 10123 June 28, 2002 Anthony V. Carollo & The Board of Directors Syntellect, Inc 16610 North Black Canyon High Way Suite 100 Phoenix, AZ 85053 Dear Tony and other Board Members: We are deeply concerned that there have been no announcements from Syntellect (SYNL) regarding actions taken to avoid delisting from the NASDAQ National Market and NASDAQ SmallCap Market as announced in your press release of May 31st, 2002. Delisting will eliminate liquidity in SYNL stock and ultimately wipe out what is left of shareholder value. Unfortunately, you and your board were not in the frame of the mind to take any advice when a wide array of alternatives may have been available to avoid the total loss that now appears to be a looming possibility. We certainly hope that the addition of Camille Jayne to your board is providing you with constructive direction and "an unentrenched voice" to salvage with what is left of your shareholders investment. As we have said before, it is imperative that you move with dispatch to avoid delisting and a complete equity debacle by selling SYNL (if this is still possible) or finding a financially stronger strategic partner to take on the task of reviving the equity of all shareholders. Further, consistent with your fiduciary responsibilities and to reassure your non-officer/director shareholders that you are actively pursuing all transactional alternatives, we insist you keep all shareholders fully informed with respect to steps being taken by SYNL management to avoid an equity catastrophe. Sincerely, /s/ Nelson Obus - -------------------------- Nelson Obus FOR SYNTELLECT CORPORATE OFFICE TO CIRCULATE TO THE BOARD OF DIRECTORS. -----END PRIVACY-ENHANCED MESSAGE-----