SC 13D/A 1 d615716dsc13da.htm SC 13D/A SC 13D/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

 

CASCADE MICROTECH, INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

147322101

(CUSIP Number)

Becker Drapkin Management, L.P.

Attn: Steven R. Becker

500 Crescent Court, Suite 230

Dallas, Texas 75201

(214) 756-6016

with a copy to:

Taylor H. Wilson, Esq.

Haynes and Boone, LLP

2323 Victory Avenue, Suite 700

Dallas, Texas 75219

(214) 651-5000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

October 21, 2013

(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 §§240.13d-1(e), 240.13d-1(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 §240.13d-7 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 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.147322101  

 

  1.   

Names of Reporting Persons

 

Becker Drapkin Management, L.P.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  x        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

AF

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨

 

  6.  

Citizenship or Place of Organization

 

Texas    

Number of

Shares

Beneficially

Owned by

Each

Reporting Person With

 

     7.    

Sole Voting Power

 

0    

     8.   

Shared Voting Power

 

971,745    

     9.   

Sole Dispositive Power

 

0    

   10.   

Shared Dispositive Power

 

971,745    

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

971,745    

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ¨

 

13.  

Percent of Class Represented by Amount in Row (11)

 

6.7%    

14.  

Type of Reporting Person (See Instructions)

 

IA, PN    

 


CUSIP No.147322101  

 

  1.   

Names of Reporting Persons

 

Becker Drapkin Partners (QP), L.P.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  x        (b)  ¨

 

  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

 

Texas    

Number of

Shares

Beneficially

Owned by

Each

Reporting Person With

 

     7.    

Sole Voting Power

 

847,337    

     8.   

Shared Voting Power

 

0    

     9.   

Sole Dispositive Power

 

847,337    

   10.   

Shared Dispositive Power

 

0    

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

847,337    

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ¨

 

13.  

Percent of Class Represented by Amount in Row (11)

 

5.9%    

14.  

Type of Reporting Person (See Instructions)

 

PN    

 


CUSIP No.147322101  

 

  1.   

Names of Reporting Persons

 

Becker Drapkin Partners, L.P.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  x        (b)  ¨

 

  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

 

Texas    

Number of

Shares

Beneficially

Owned by

Each

Reporting Person With

 

     7.    

Sole Voting Power

 

124,408    

     8.   

Shared Voting Power

 

0    

     9.   

Sole Dispositive Power

 

124,408    

   10.   

Shared Dispositive Power

 

0    

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

124,408    

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ¨

 

13.  

Percent of Class Represented by Amount in Row (11)

 

0.9%    

14.  

Type of Reporting Person (See Instructions)

 

PN    

 


CUSIP No.147322101  

 

  1.   

Names of Reporting Persons

 

BC Advisors, LLC

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  x        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

AF

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨

 

  6.  

Citizenship or Place of Organization

 

Texas    

Number of

Shares

Beneficially

Owned by

Each

Reporting Person With

 

     7.    

Sole Voting Power

 

0    

     8.   

Shared Voting Power

 

971,745    

     9.   

Sole Dispositive Power

 

0    

   10.   

Shared Dispositive Power

 

971,745    

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

971,745    

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ¨

 

13.  

Percent of Class Represented by Amount in Row (11)

 

6.7%    

14.  

Type of Reporting Person (See Instructions)

 

OO    

 


CUSIP No.147322101  

 

  1.   

Names of Reporting Persons

 

Steven R. Becker

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  x        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

AF

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨

 

  6.  

Citizenship or Place of Organization

 

United States    

Number of

Shares

Beneficially

Owned by

Each

Reporting Person With

 

     7.    

Sole Voting Power

 

0    

     8.   

Shared Voting Power

 

971,745    

     9.   

Sole Dispositive Power

 

0    

   10.   

Shared Dispositive Power

 

971,745    

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

971,745    

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ¨

 

13.  

Percent of Class Represented by Amount in Row (11)

 

6.7%    

14.  

Type of Reporting Person (See Instructions)

 

IN, HC    

 


CUSIP No.147322101  

 

  1.   

Names of Reporting Persons

 

Matthew A. Drapkin

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  x        (b)  ¨

 

  3.  

SEC Use Only

 

  4.  

Source of Funds (See Instructions)

 

AF

  5.  

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  ¨

 

  6.  

Citizenship or Place of Organization

 

United States    

Number of

Shares

Beneficially

Owned by

Each

Reporting Person With

 

     7.    

Sole Voting Power

 

0    

     8.   

Shared Voting Power

 

971,745    

     9.   

Sole Dispositive Power

 

0    

   10.   

Shared Dispositive Power

 

971,745    

11.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

971,745    

12.  

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)  ¨

 

13.  

Percent of Class Represented by Amount in Row (11)

 

6.7%    

14.  

Type of Reporting Person (See Instructions)

 

IN, HC    

 


This Amendment No. 2 to Schedule 13D (this “Amendment”) is filed by and on behalf of each of the Reporting Persons to amend the Schedule 13D related to the common stock (the “Common Stock”) of Cascade Microtech, Inc., an Oregon corporation (the “Issuer”), previously filed by the Reporting Persons with the Securities and Exchange Commission (the “Commission”) on October 5, 2012 and Amendment No. 1 to Schedule 13D filed with the Commission on August 7, 2013 (as amended, the “Schedule 13D”). This Amendment reflects changes to beneficial ownership as a result of the acquisition and disposition of shares of Common Stock by the Reporting Persons. Each capitalized term used and not defined herein shall have the meaning assigned to such term in the Schedule 13D. Except as otherwise provided herein, each Item of the Schedule 13D remains unchanged.

Item 3. Source and Amount of Funds or other Consideration

Item 3 of the Schedule 13D is hereby amended and restated in its entirety as follows:

“The Reporting Persons expended an aggregate of approximately $5,384,815.16 (including commissions) to acquire 971,745 shares of Common Stock of the Issuer in various open market transactions. Funds used to acquire shares of Common Stock of the Issuer have come from general working capital of the Becker Drapkin Funds.”

Item 5. Interest in Securities of the Issuer

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:

“(a) The aggregate number and percentage of the class of securities identified pursuant to Item 1 beneficially owned by each Reporting Person is stated in Items 11 and 13 on the cover page(s) hereto.

Each Reporting Person declares that neither the filing of this Schedule 13D nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this Schedule 13D.

Each Reporting Person may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for the purposes of Section 13(d) or 13(g) of the Act. Each Reporting Person declares that neither the filing of this Schedule 13D nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any syndicate or group with respect to the Issuer or any securities of the Issuer.

 

  (b) Number of shares as to which each Reporting Person has:

 

  (i) sole power to vote or to direct the vote:

See Item 7 on the cover page(s) hereto.

 

  (ii) shared power to vote or to direct the vote:

See Item 8 on the cover page(s) hereto.

 

  (iii) sole power to dispose or to direct the disposition of:

See Item 9 on the cover page(s) hereto.

 

  (iv) shared power to dispose or to direct the disposition of:

See Item 10 on the cover page(s) hereto.

The Becker Drapkin Funds are the record and direct beneficial owners of the securities covered by this Schedule 13D.


Becker Drapkin QP has the power to vote or to direct the vote of (and the power to dispose or direct the disposition of) the shares owned by it (the “Becker Drapkin QP Shares”). Becker Drapkin QP disclaims beneficial ownership of the Becker Drapkin, L.P. Shares.

Becker Drapkin, L.P. has the power to vote or to direct the vote of (and the power to dispose or direct the disposition of) the shares owned by it (the “Becker Drapkin, L.P. Shares,” and together with the Becker Drapkin QP Shares, the “Becker Drapkin Funds Shares”). Becker Drapkin, L.P. disclaims beneficial ownership of the Becker Drapkin QP Shares.

As general partner of the Becker Drapkin Funds, BD Management may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Becker Drapkin Funds Shares. BD Management does not own any shares of Common Stock of the Issuer directly and disclaims beneficial ownership of the Becker Drapkin Funds Shares.

As general partner of BD Management, BCA may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) any shares of Common Stock of the Issuer beneficially owned by BD Management. BCA does not own any shares of Common Stock of the Issuer directly and disclaims beneficial ownership of any shares of Common Stock of the Issuer beneficially owned by BD Management.

As co-managing members of BCA, each of Mr. Becker and Mr. Drapkin may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) any shares of Common Stock of the Issuer beneficially owned by BCA. Neither of Messrs. Becker nor Drapkin owns any shares of Common Stock of the Issuer directly, and each of Messrs. Becker and Drapkin disclaims beneficial ownership of any shares of Common Stock of the Issuer beneficially owned by BCA.

As of the date hereof, no Reporting Person owns any shares of Common Stock of the Issuer other than as set forth in this Item 5.

(c) Transactions in the class of securities reported on that were effected during the past sixty days or since the most recent filing of Schedule 13D, whichever is less, by the Reporting Persons are described below:

 

Transaction

Date

  

Effecting

Person(s)

   Shares
Acquired
   Shares
Disposed
    

Price

Per Share

  

Description

of Transaction

09/30/2013

   Becker Drapkin QP         17,440       $9.0500 (1)    Open Market

09/30/2013

   Becker Drapkin, L.P.         2,560       $9.0500 (1)    Open Market

10/08/2013

   Becker Drapkin QP         24,076       $10.0097 (1)    Open Market

10/08/2013

   Becker Drapkin, L.P.         3,534       $10.0097 (1)    Open Market

10/09/2013

   Becker Drapkin QP         10,092       $10.0083 (1)    Open Market

10/09/2013

   Becker Drapkin, L.P.         1,481       $10.0083 (1)    Open Market

10/10/2013

   Becker Drapkin QP         34,880       $10.1659 (2)    Open Market

10/10/2013

   Becker Drapkin, L.P.         5,120       $10.1659 (2)    Open Market

10/10/2013

   Becker Drapkin QP         4,340       $10.2512 (1)    Open Market

10/10/2013

   Becker Drapkin, L.P.         637       $10.2512 (1)    Open Market

10/10/2013

   Becker Drapkin QP         9,169       $10.1315 (1)    Open Market

10/10/2013

   Becker Drapkin, L.P.         1,346       $10.1315 (1)    Open Market

10/11/2013

   Becker Drapkin QP         1,919       $10.3870 (3)    Open Market

10/11/2013

   Becker Drapkin, L.P.         281       $10.3870 (3)    Open Market

10/11/2013

   Becker Drapkin QP         2,878       $10.3720 (1)    Open Market

10/11/2013

   Becker Drapkin, L.P.         422       $10.3720 (1)    Open Market

10/14/2013

   Becker Drapkin QP         27,965       $10.7093 (1)    Open Market

10/14/2013

   Becker Drapkin, L.P.         4,105       $10.7093 (1)    Open Market

10/14/2013

   Becker Drapkin QP         21,800       $10.6000 (1)    Open Market

10/14/2013

   Becker Drapkin, L.P.         3,200       $10.6000 (1)    Open Market

10/14/2013

   Becker Drapkin QP         2,180       $10.7400 (1)    Open Market

10/14/2013

   Becker Drapkin, L.P.         320       $10.7400 (1)    Open Market

10/18/2013

   Becker Drapkin QP         1,483       $10.7844 (2)    Open Market

10/18/2013

   Becker Drapkin, L.P.         217       $10.7844 (2)    Open Market

10/21/2013

   Becker Drapkin QP         10,900       $10.7500 (1)    Open Market

10/21/2013

   Becker Drapkin, L.P.         1,600       $10.7500 (1)    Open Market

10/21/2013

   Becker Drapkin QP         8,720       $10.8055 (2)    Open Market

10/21/2013

   Becker Drapkin, L.P.         1,280       $10.8055 (2)    Open Market

10/22/2013

   Becker Drapkin QP         872       $10.9500 (2)    Open Market

10/22/2013

   Becker Drapkin, L.P.         128       $10.9500 (2)    Open Market

10/22/2013

   Becker Drapkin QP         2,616       $10.9167 (1)    Open Market

10/22/2013

   Becker Drapkin, L.P.         384       $10.9167 (1)    Open Market


(1) Excluding commission of $0.03 per share.
(2) Excluding commission of $0.04 per share.
(3) Excluding commission of $0.05 per share.

 

  (d) Not applicable.

 

  (e) Not applicable.”

Item 7. Material to be Filed as Exhibits

Item 7 of the Schedule 13D is hereby amended and restated in its entirety as follows:

“The following exhibits are filed as exhibits hereto:

 

Exhibit

  

Description of Exhibit

24.1    Power of Attorney (incorporated by reference to Exhibit 24.1 to the Amendment to Schedule 13D relating to the Common Stock of the Issuer filed on October 5, 2012 by the Reporting Persons with the Commission)
99.1    Joint Filing Agreement (incorporated by reference to Exhibit 99.1 to the Amendment to Schedule 13D relating to the Common Stock of the Issuer filed on October 5, 2012 by the Reporting Persons with the Commission)”


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 23, 2013

    BECKER DRAPKIN MANAGEMENT, L.P.
    By:   BC Advisors, LLC
    Its:   General Partner
    By:  

/s/ Ashley Sekimoto

    Name:   Ashley Sekimoto
    Title:   Attorney-in-Fact
    BECKER DRAPKIN PARTNERS (QP), L.P.
    By:   Becker Drapkin Management, L.P.
    Its:   General Partner
    By:   BC Advisors, LLC
    Its:   General Partner
    By:  

/s/ Ashley Sekimoto

    Name:   Ashley Sekimoto
    Title:   Attorney-in-Fact
    BECKER DRAPKIN PARTNERS, L.P.
    By:   Becker Drapkin Management, L.P.
    Its:   General Partner
    By:   BC Advisors, LLC
    Its:   General Partner
    By:  

/s/ Ashley Sekimoto

    Name:   Ashley Sekimoto
    Title:   Attorney-in-Fact
    BC ADVISORS, LLC
    By:  

/s/ Ashley Sekimoto

    Name:   Ashley Sekimoto
    Title:   Attorney-in-Fact
    STEVEN R. BECKER
   

/s/ Ashley Sekimoto

    Name:   Ashley Sekimoto
    Title:   Attorney-in-Fact
    MATTHEW A. DRAPKIN
   

/s/ Ashley Sekimoto

    Name:   Ashley Sekimoto
    Title:   Attorney-in-Fact


EXHIBIT INDEX

 

Exhibit

  

Description of Exhibit

24.1    Power of Attorney (incorporated by reference to Exhibit 24.1 to the Amendment to Schedule 13D relating to the Common Stock of the issuer filed on October 5, 2012 by the Reporting Persons with the Securities and Exchange Commission)
99.1    Joint Filing Agreement (incorporated by reference to Exhibit 99.1 to the Amendment to Schedule 13D relating to the Common Stock of the issuer filed on October 5, 2012 by the Reporting Persons with the Securities and Exchange Commission)