-----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, LTUXbz1bFHD1oIQmLOlRaaCQ+2yIOGzXay38IPYnMgOCvbDIsB7V72j9Cjn4lbfN /89hAKY1/RyL0Yk8V3KUXg== 0000932799-98-000032.txt : 19980225 0000932799-98-000032.hdr.sgml : 19980225 ACCESSION NUMBER: 0000932799-98-000032 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980224 SROS: NASD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PROXIMA CORP CENTRAL INDEX KEY: 0000895416 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER PERIPHERAL EQUIPMENT, NEC [3577] IRS NUMBER: 953740880 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-43321 FILM NUMBER: 98548443 BUSINESS ADDRESS: STREET 1: 9440 CARROLL PARK DRIVE CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 6194575500 MAIL ADDRESS: STREET 1: 9440 CARROLL PARK DR CITY: SAN DIEGO STATE: CA ZIP: 92121 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SC FUNDAMENTAL INC CENTRAL INDEX KEY: 0000919094 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 133563937 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 712 5TH AVE 19TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2129573500 MAIL ADDRESS: STREET 1: 712 5TH AVENUE 19TH FL STREET 2: 712 5TH AVENUE 19TH FL CITY: NEW YORK STATE: NY ZIP: 10019 SC 13D/A 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2) PROXIMA CORPORATION (Name of Issuer) Common Stock, Par Value, $0.001 Per Share (Title of Class of Securities) 744287103 (CUSIP Number) Stephen M. Davis, Esq. Werbel & Carnelutti A Professional Corporation 711 Fifth Avenue, New York, New York 10022, (212) 832-8300 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 19, 1998 (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 Rule 13-d- 1(b)(3) or (4), check the following box [ ]. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purposes 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). Page 1 of 20 Pages SCHEDULE 13D - ------------------- ------------------ CUSIP No. 744287103 Page 2 of 20 Pages - ------------------- ------------------ ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The SC Fundamental Value Fund, L.P. - ---------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ---------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------- 4 SOURCE OF FUNDS WC/OO - ----------------------------------------------------------------- 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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------- 8 SHARED VOTING POWER 360,085 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 360,085 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 360,085 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.0% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 744287103 Page 3 of 20 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SC Fundamental Value BVI, Inc. - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------- 4 SOURCE OF FUNDS WC/OO - ----------------------------------------------------------------- 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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 344,515 - ----------------------------------------------------------------- 8 SHARED VOTING POWER 0 - ---------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 344,515 - ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 344,515 - ---------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.8% - ---------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 744287103 Page 4 of 20 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SC-BVI Partners - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------- 4 SOURCE OF FUNDS OO - ----------------------------------------------------------------- 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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------- 8 SHARED VOTING POWER 344,515 - ---------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 344,515 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 344,515 - ---------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.8% - ---------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 744287103 Page 5 of 20 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SC Fundamental Value BVI, Ltd. - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------------------------------------------------------------- 3 SEC USE ONLY - ---------------------------------------------------------------- 4 SOURCE OF FUNDS OO - ----------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(E) [ ] - ----------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - ----------------------------------------------------------------- NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------- 8 SHARED VOTING POWER 344,515 - ---------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 344,515 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 344,515 - ---------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.8% - ---------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 744287103 Page 6 of 20 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SC Fundamental Inc. - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 SOURCE OF FUNDS WC/OO - ----------------------------------------------------------------- 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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------- 8 SHARED VOTING POWER 360,085 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 360,085 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 360,085 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.0% - ---------------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 744287103 Page 7 of 20 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON SC Fundamental, LLC - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [ ] - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 SOURCE OF FUNDS OO - ----------------------------------------------------------------- 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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH - ----------------------------------------------------------------- 7 SOLE VOTING POWER 0 - ----------------------------------------------------------------- 8 SHARED VOTING POWER 360,085 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 360,085 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 360,085 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.0% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON OO ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 744287103 Page 8 of 20 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Gary N. Siegler - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 SOURCE OF FUNDS WC/OO - ----------------------------------------------------------------- 5 CHECK BOX 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 704,600 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 704,600 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 704,600 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.8% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 744287103 Page 9 of 20 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Peter M. Collery - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 SOURCE OF FUNDS WC/OO - ----------------------------------------------------------------- 5 CHECK BOX 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 704,600 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 704,600 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 704,600 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.8% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 744287103 Page 10 of 20 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Neil H. Koffler - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 SOURCE OF FUNDS WC/OO - ----------------------------------------------------------------- 5 CHECK BOX 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 704,600 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 704,600 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 704,600 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.8% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN ================================================================= SCHEDULE 13D - ------------------- ----------------- CUSIP No. 744287103 Page 11 of 20 Pages - ------------------- ----------------- ================================================================= 1 NAME OF REPORTING PERSON - S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Curtis G. Macnguyen - ----------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - ----------------------------------------------------------------- 3 SEC USE ONLY - ----------------------------------------------------------------- 4 SOURCE OF FUNDS OO - ----------------------------------------------------------------- 5 CHECK BOX 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 704,600 - ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 0 - ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 704,600 - ----------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 704,600 - ----------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ----------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.8% - ----------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN ================================================================= Page 12 of 20 Pages AMENDMENT NO. 2 TO THE SCHEDULE 13D This statement constitutes Amendment No. 2 to the Schedule 13D relating to the Common Stock, par value $0.01 per share ("Common Stock"), of Proxima Corporation (the "Issuer") filed by SC Fundamental Inc. ("SC"), The SC Fundamental Value Fund, L.P. ("Fund"), SC Fundamental Value BVI, Inc. ("BVI Inc."), SC Fundamental, LLC ("SCFLLC"), SC Fundamental Value BVI, Ltd. ("BVI Fund"), SC-BVI Partners, Gary N. Siegler ("Siegler") and Peter M. Collery ("Collery") and adds Neil H. Koffler ("Koffler") and Curtis G. Macnguyen ("Macnguyen") as members of a joint filing group with the foregoing persons (collectively, the "Reporting Persons"). Item 2. Identity and Background Koffler is a citizen of the United States having a business address at c/o SC Fundamental, LLC, 10 East 50th Street, New York, New York 10022. The principal occupation of Koffler is acting as an employee member of SCFLLC and as Vice President, Treasurer and Secretary of 712 Advisory Services, Inc. Koffler also serves as a director of the Issuer. During the last five years, Koffler has not been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding has been or is 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. Macnguyen is a citizen of the United States having a business address at c/o SC Fundamental, LLC, 712 Fifth Avenue, New York, New York 10019. The principal occupation of Macnguyen is acting as an employee member of SCFLLC. During the last five years, Macnguyen has not been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding has been or is 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. Page 13 of 20 Pages Item 3. Source and Amount of Funds of Other Consideration As of January 1, 1998, Koffler and Macnguyen became members of SCFLLC and executed a binding term sheet relating to the restructuring of the ownership of the entities which control BVI Fund. The aggregate purchase prices of the shares of the Issuer's Common Stock ("Shares") purchased by the Reporting Persons since the filing of the Amendment No. 1 to Schedule 13D as reported in Item 5(c) of this Amendment No. 2 to Schedule 13D were as follows: Name of Reporting Person Aggregate Purchase Price ------------------------- ------------------------ Fund $ 207,367.89 BVI Inc. on behalf of BVI Ltd. $ 199,189.04 The Reporting Persons listed above purchased the Shares reported herein as beneficially owned by them with working capital of Fund and BVI Ltd. or with funds extended by brokerage firms in connection with margin transactions effected for Fund and BVI Ltd. Item 5. Interest in Securities of the Issuer (a) As of the close of business on February 19, 1998, the Reporting Persons, by virtue of the language of Rule 13d-3(d)(1)(i), may be deemed to own beneficially in the aggregate the number and percentage of the Issuer's Common Stock set forth opposite their names below (based upon the number of Shares that were reported to be outstanding in the Issuer's Form 10-Q as of December 28, 1997). Page 14 of 20 Pages
================================================================= Name Shares of Common Stock Percentage - ----------------------------------------------------------------- SC Fundamental Inc. 360,085 5.0% - ----------------------------------------------------------------- The SC Fundamental Value Fund, L.P. 360,085 5.0% - ----------------------------------------------------------------- SC Fundamental Value BVI, Inc. 344,515 4.8% - ----------------------------------------------------------------- Gary N. Siegler 704,600 9.8% - ----------------------------------------------------------------- Peter M. Collery 704,600 9.8% - ----------------------------------------------------------------- SC Fundamental, LLC 360,085 5.0% - ----------------------------------------------------------------- SC-BVI Partners 344,515 4.8% - ----------------------------------------------------------------- SC Fundamental Value BVI, Ltd. 344,515 4.8% - ----------------------------------------------------------------- Neil H. Koffler 704,600 9.8% - ----------------------------------------------------------------- Curtis Macnguyen 704,600 9.8% =================================================================
(b) Siegler and Collery, by virtue of their status as principal members of SCFLLC, the general partner of Fund, and as the controlling stockholders, directors and executive officers of SC, the corporate member and manager of SCFLLC, may be deemed to share with Fund, SCFLLC and SC the power to vote or direct the vote and to dispose or to direct the disposition of shares of Common Stock of which Fund is the direct beneficial owner. Koffler and Macnguyen, by virtue of their status as employee members of SCFLLC, the general partner of Fund, may be deemed to share with Fund and SCFLLC the power to vote or direct the vote and to dispose or to direct the disposition of shares of Common Stock of which Fund is the direct beneficial owner. Siegler and Collery, by virtue of their status as controlling stockholders, directors and executive officers of BVI Inc., the managing general partner of SC-BVI Partners, which is the investment manager of BVI Fund, may be deemed to share with BVI Inc., SC-BVI Partners and BVI Fund the power to vote or direct the vote and to dispose or direct the disposition of shares of Common Stock of which BVI Fund is the direct beneficial owner. Koffler and Macnguyen, by virtue of their execution of a binding term sheet relating to the restructuring of the ownership of the entities which control BVI Fund, may be deemed to share Page 15 of 20 Pages with BVI Fund the power to vote or direct the vote and to dispose or direct the disposition of shares of Common Stock of which BVI Fund is the direct beneficial owner. Because BVI Fund and SC-BVI Partners could be deemed to share with BVI Inc. the power to vote or direct the vote and the power to dispose or direct the disposition of such shares of Common Stock (and as to which BVI Inc. exercises such power), BVI Fund and SC-BVI Partners have been added as Reporting Persons. (c) The following table sets forth the transactions effected by each of the Reporting Persons listed in Item 5(a) during the past sixty days. Unless otherwise indicated, each of the transactions set forth below reflects a purchase effected by means of over-the-counter trading.
================================================================= BVI, Inc. Price Per on behalf Trade Date Share ($) Fund of BVI Ltd. - ----------------------------------------------------------------- 01/30/98 8.0000 5,100 4,900 - ----------------------------------------------------------------- 01/30/98 8.0221 5,200 5,000 - ----------------------------------------------------------------- 02/05/98 7.9375 510 490 - ----------------------------------------------------------------- 02/18/98 7.9840 9,950 9,550 - ----------------------------------------------------------------- 02/19/98 7.9844 5,100 4,900 =================================================================
As described in Item 3 above, as of January 1, 1998, Koffler and Macnguyen became members of SCFLLC and executed a binding term sheet relating to the restructuring of the ownership of the entities which control BVI Fund and, therefore, have been added as Reporting Persons. Item 7. Materials to be Filed as Exhibits. Exhibit A - Joint Filing Agreement dated February 24, 1998 among the Reporting Persons. Exhibit B - List of officers and directors for SC Fundamental, LLC, SC Fundamental BVI, Ltd. and SC-BVI Partners. Page 16 of 20 Pages EXHIBIT INDEX Exhibit Description A Joint Filing Agreement dated February 24, 1998 among the Reporting Persons Page 17 of 20 Pages After reasonable inquiry and to the best of our knowledge and belief, we certify that the information set forth in this statement is true, complete and correct. Dated: February 24, 1998 SC FUNDAMENTAL INC. By: /s/ Peter M. Collery ---------------------------------- Neil H. Koffler as Attorney- in-Fact for Peter M. Collery Vice President(*) THE SC FUNDAMENTAL VALUE FUND, L.P. By: SC FUNDAMENTAL, LLC, as General Partner By: /s/ Peter M. Collery ---------------------------------- Neil H. Koffler as Attorney- in-Fact for Peter M. Collery Vice President(*) SC FUNDAMENTAL, LLC By: SC FUNDAMENTAL INC., as Manager By: /s/ Peter M. Collery ---------------------------------- Neil H. Koffler as Attorney- in-Fact for Peter M. Collery Vice President(*) SC FUNDAMENTAL VALUE BVI, INC. By: /s/ Peter M. Collery ---------------------------------- Neil H. Koffler as Attorney- in-Fact for Peter M. Collery Vice President(*) SC-BVI PARTNERS By: SC FUNDAMENTAL VALUE BVI, INC., as Managing General Partner By: /s/ Peter M. Collery ---------------------------------- Neil H. Koffler as Attorney- in-Fact for Peter M. Collery Vice President(*) Page 18 of 20 Pages SC FUNDAMENTAL VALUE BVI, LTD. BY: SC FUNDAMENTAL VALUE BVI, INC., as Managing General Partner of Investment Manager By: /s/ Peter M. Collery ---------------------------------- Neil H. Koffler as Attorney- in-Fact for Peter M. Collery Vice President(*) /s/ Gary N. Siegler - ------------------------------- Neil H. Koffler as Attorney in-Fact for Gary N. Siegler(*) /s/ Peter M. Collery - ------------------------------- Neil H. Koffler as Attorney- in-Fact for Peter M. Collery(*) /s/ Neil H. Koffler - ------------------------------- Neil H. Koffler /s/ Curtis G. Macnguyen - ------------------------------- Curtis G. Macnguyen (*) Executed by Neil H. Koffler as Attorney-In-Fact for Peter M. Collery and Gary N. Siegler. The Powers of Attorney for Messrs. Collery and Siegler were filed as Exhibit A to Amendment No. 5 to Schedule 13D relating to US Facilities Corporation on August 4, 1995 and is hereby incorporated herein by reference. 113865 Page 19 of 20 Pages Exhibit A JOINT FILING AGREEMENT In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to the Common Stock, par value $0.001 per share, of Proxima Corporation and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filing. In evidence thereof, the undersigned, hereby execute this Agreement this 24th day of February, 1998. Dated: February 24, 1998 SC FUNDAMENTAL INC. By: /s/ Peter M. Collery - ---------------------------- Neil H. Koffler as Attorney- in-Fact for Peter M. Collery Vice President(1) THE SC FUNDAMENTAL VALUE FUND, L.P. By: SC FUNDAMENTAL, LLC, as General Partner By: /s/ Peter M. Collery - ------------------------------ Neil H. Koffler as Attorney- in-Fact for Peter M. Collery Vice President(1) SC FUNDAMENTAL VALUE BVI, INC. By: /s/ Peter M. Collery - ----------------------------- Neil H. Koffler as Attorney- in-Fact for Peter M. Collery Vice President(1) /s/ Gary N. Siegler - ----------------------------- Neil H. Koffler as Attorney-in- Fact for Gary N. Siegler(1) Page 20 of 20 Pages /s/ Peter M. Collery - ------------------------------- Neil H. Koffler as Attorney-in- Fact for Peter M. Collery(1) /s/ Neil H. Koffler - ---------------------------- Neil H. Koffler /s/ Curtis G. Macnguyen - ---------------------------- Curtis G. Macnguyen SC FUNDAMENTAL, LLC By: SC Fundamental Inc., as Manager By: /s/ Peter M. Collery - ------------------------- Neil H. Koffler as Attorney- in-Fact for Peter M. Collery Vice President(1) SC FUNDAMENTAL VALUE BVI, LTD. SC-BVI PARTNERS By: SC Fundamental Value BVI, By: SC Fundamental Value BVI, Inc., as managing general Inc., as managing general partner of investment partner manager By: /s/ Peter M. Collery By: /s/ Peter M. Collery - ------------------------------ ----------------------------- Neil H. Koffler as Attorney- Neil H. Koffler as Attorney- in-Fact for Peter M. Collery, in-Fact for Peter M. Collery, Vice President(1) Vice President(1) (1) Executed by Neil H. Koffler as Attorney-in-Fact for Peter M. Collery and Gary N. Siegler. The Powers of Attorney for Messrs. Collery and Siegler were filed as Exhibit A to Amendment No. 5 to the Schedule 13D relating to the US Facilities Corporation on August 4, 1995 and are hereby incorporated herein by reference. 113865 -----END PRIVACY-ENHANCED MESSAGE-----