-----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, TlpitKPRUmtTy0vP87ZrKGXN++XgAnIh99ZWMKEkT0wzFkq8rNCdyQp2n6LTsaN+ c4r5yX2fi4B1/sXs5xb+Kw== 0001047469-98-028320.txt : 19980727 0001047469-98-028320.hdr.sgml : 19980727 ACCESSION NUMBER: 0001047469-98-028320 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980724 SROS: NASD GROUP MEMBERS: PEACEFUL RIVER CORP. GROUP MEMBERS: PIGEON CREEK HOLDINGS CO., LTD GROUP MEMBERS: WINBOND ELECTRONICS CORP GROUP MEMBERS: WINBOND INTL CORP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INFORMATION STORAGE DEVICES INC /CA/ CENTRAL INDEX KEY: 0000932980 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 770197173 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-44765 FILM NUMBER: 98671174 BUSINESS ADDRESS: STREET 1: 2045 HAMILTON AVE CITY: SAN JOSE STATE: CA ZIP: 95125 BUSINESS PHONE: 4083692400 MAIL ADDRESS: STREET 1: 2045 HAMILTON AVE CITY: SAN JOSE STATE: CA ZIP: 95125 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WINBOND INTL CORP CENTRAL INDEX KEY: 0001060777 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: NO 4 CREATION RD III, STREET 2: SCIENCE BASED IND PARK HSINCHU, TAIWAN, CITY: REPUBLIC OF CHINA STATE: ME ZIP: 11111 BUSINESS PHONE: 88635770066 MAIL ADDRESS: STREET 1: NO 4 CREATION RD III STREET 2: SCIENCE BASED IND PARK HSINCHU, TAIWAN, CITY: REPUBLIC OF CHINA STATE: F5 SC 13D/A 1 SC 13D/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Amendment No. 2* Information Storage Devices, Inc. -------------------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------------------- (Title of Class of Securities) 456753 -------------------------------------------------------------------- (CUSIP Number) Ding-Yuan Yang Winbond Electronics Corporation No. 4 Creation Road III Science-Based Industrial Park Hsinchu, Taiwan, R.O.C. 011-886-35-770066 -------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 24, 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 that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.113d-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 Section 240.13d-7(b) 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 the disclosures provided in a prior cover page. The information required in 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. 456753 13D Page 2 of 7 Pages - ------------------------------------------------------------------------------- 1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons (entities only) Winbond Int'l. Corporation - ---------------------------------------------------------------------------- 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 British Virgin Islands - ------------------------------------------------------------------------------- Number of (7) Sole Voting Power Shares -- ------------------------------------------------------------ Beneficially (8) Shared Voting Power 490,000 ------------------------------------------------------------ Owned by (9) Sole Dispositive Power -- Each Reporting ------------------------------------------------------------ Person with (10) Shared Dispositive Power 490,000 - ------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person 490,000 - ------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares /x/ (SEE Instructions) - ------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11) 4.972% - ------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions) CO - ------------------------------------------------------------------------------- CUSIP No. 456753 13D Page 3 of 7 Pages - ------------------------------------------------------------------------------- 1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (entities only) Peaceful River Corp. - ------------------------------------------------------------------------------- 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 British Virgin Islands - ------------------------------------------------------------------------------- Number of (7) Sole Voting Power Shares -- ------------------------------------------------------------ Beneficially (8) Shared Voting Power 427,000 ------------------------------------------------------------ Owned by (9) Sole Dispositive Power Each Reporting -- ------------------------------------------------------------ Person with (10) Shared Dispositive Power 427,000 - ------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person 427,000 - ------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares /x/ (SEE Instructions) - ------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11) 4.333% - ------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions) CO - ------------------------------------------------------------------------------- CUSIP No. 456753 13D Page 4 of 7 Pages 1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (entities only) Pigeon Creek Holding Co., Ltd. - ------------------------------------------------------------------------------- 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 British Virgin Islands - ------------------------------------------------------------------------------- Number of (7) Sole Voting Power Shares -- ----------------------------------------------------------- Beneficially (8) Shared Voting Power 483,000 ----------------------------------------------------------- Owned by (9) Sole Dispositive Power Each Reporting -- ----------------------------------------------------------- Person with (10) Shared Dispositive Power 483,000 ----------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person 483,000 - ------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares /x/ (SEE Instructions) - ------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11) 4.901% - ------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions) CO - ------------------------------------------------------------------------------- CUSIP No. 456753 13D Page 5 of 7 Pages - ------------------------------------------------------------------------------- 1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (entities only) Winbond Electronics Corporation - ------------------------------------------------------------------------------- 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 Republic of China in Taiwan - ------------------------------------------------------------------------------- Number of (7) Sole Voting Power -- Shares ----------------------------------------------------------- Beneficially (8) Shared Voting Power 1,400,000 ----------------------------------------------------------- Owned by (9) Sole Dispositive Power -- ----------------------------------------------------------- Each Reporting Person with (10) Shared Dispositive Power 1,400,000 - ------------------------------------------------------------------------------- 11) Aggregate Amount Beneficially Owned by Each Reporting Person 1,400,000 - ------------------------------------------------------------------------------- 12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares / / (SEE Instructions) - ------------------------------------------------------------------------------- 13) Percent of Class Represented by Amount in Row (11) 14.205% - ------------------------------------------------------------------------------- 14) Type of Reporting Person (See Instructions) CO - ------------------------------------------------------------------------------- INTRODUCTION This Amendment No. 2 amends the initial Statement on Schedule 13D (the "Statement") and the Amendment No. 1 to Schedule 13D ("Amendment No. 1") of Winbond Int'l. Corporation ("WIC"), Peaceful River Corp. ("PRC"), Pigeon Creek Holding Co., Ltd. ("PCH") and Winbond Electronics Corporation ("WEC") (collectively, "Winbond") dated May 21, 1998 and filed with the Securities and Exchange Commission on May 22, 1998 and June 30, 1998, respectively, with respect to the outstanding shares of common stock of Information Storage Devices, Inc. ("ISD"). This Amendment No. 2 is filed to disclose Winbond's submission to ISD of a non-binding proposal to acquire ISD, as well as the acquisition by Winbond of additional shares of common stock of ISD on the open market. According to ISD's Proxy Statement for its Annual Meeting, as filed with the Securities and Exchange Commission on May 19, 1998, there were 9,855,577 shares of ISD common stock, no par value, outstanding as of June 22, 1998. Unless otherwise indicated, all capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Statement and Amendment No. 1. ITEM 4. PURPOSE OF TRANSACTION. Item 4 of the Statement is hereby amended and supplemented by the following: On July 13, 1998, Archie T. Yeh, the Corporate Vice President and General Manager of General IC Business Group of WEC, met with ISD's Chairman and Chief Executive Officer, David Angel. The meeting had been suggested by Winbond to address existing and potential operational, technology and product collaboration between the two companies, and included as additional participants senior operational personnel from both companies. Mr. Yeh's and Mr. Angel's discussions referenced the possibility that Winbond might make an acquisition proposal at some point. No specific acquisition proposals were discussed at the meeting and no agreement or understanding was reached, however. Mr. Angel did inform Mr. Yeh that any acquisition proposal by Winbond should be submitted to investment bankers that had been retained by ISD. Within five days of the July 13 meeting, investment bankers retained by Winbond contacted ISD's investment bankers to determine whether ISD would have interest in receiving an acquisition proposal from Winbond. Several conversations occurred between the companies' respective investment bankers between July 17, 1998 and July 23, 1998. Mr. Angel and Mr. Yeh met yesterday. During the meeting, Mr. Yeh informed Mr. Angel that Winbond intended to propose an acquisition of ISD through a cash merger in which Winbond would acquire all currently outstanding ISD shares that Winbond does not own for $8.25 per share and hand-delivered a letter containing the proposal to Mr. Angel. Winbond's proposal is non-binding and subject to a number of material conditions, including the execution of definitive agreements, completion of satisfactory due diligence, waiver of the application of ISD's shareholder rights plan, board approval for both companies, ISD shareholder approval, and compliance with customary legal requirements. Winbond has asked for a response to its proposal by July 31, 1998, and ISD has not yet responded to it. As indicated by its July 24, 1998 proposal Winbond's present intention is to attempt to acquire ISD through a negotiated transaction subject to the approval of ISD's board of directors and the vote of ISD's shareholders. If Winbond's current proposal is rejected by ISD's board of directors, Winbond may make other proposals and may seek to acquire ISD by other means, concerning which no determination has yet been made. There can be no assurance as to whether or when any other acquisition proposal will be pursued, or whether any actions by Winbond will result in the acquisition of ISD by Winbond. Subject to the factors discussed below, Winbond may continue to purchase additional shares of ISD Common Stock in the open market or otherwise. Winbond intends to review on a continuing basis various factors relating to its investment in ISD, including ISD's business and prospects, the price and availability of ISD Common Stock, subsequent developments affecting ISD, other investment and business opportunities available to Winbond and general stock market and economic conditions. Based on these factors, Winbond may decide to change its current intentions and may determine to sell all or part of its investment in ISD. 6 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 of the Statement is hereby amended and supplemented by the following: (a) WEC is the beneficial owner of 1,400,000 shares of ISD Common Stock representing approximately 14.205% of the outstanding shares of ISD Common Stock. These figures also represent the aggregate beneficial ownership of ISD Common Stock of the Winbond group. Each of the members of the Winbond group is the record owner of the following number of shares and class percentage of ISD Common Stock:
Name Number of Shares Percentage ---- ---------------- ----------- WIC 490,000 4.972% PRC 427,000 4.333% PCH 483,000 4.901%
(c) Individual members of the Winbond group have made the following purchases of ISD Common Stock since filing the group's Amendment No. 1 on June 30, 1998. All of such purchases were effected in the open market on the Nasdaq National Market System.
Number of Shares Purchaser Date Purchased Price per Share --------- ---- ---------------- --------------- PRC 06/30/98 7,500 $5.25 PRC 07/07/98 7,500 $5.25 PRC 07/08/98 25,000 $5.25
7 SIGNATURE. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment No. 2 to the Statement is true, complete and correct. Date: July 24, 1998 By /s/ Lee Chen ---------------------------- Lee Chen Signing as attorney-in-fact on behalf of WIC, PRC, PCH and WEC 8 -----END PRIVACY-ENHANCED MESSAGE-----