-----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, HJGi+Izv1jWFvdK0rlalu1JhNx9TmgylJbV6G4SIvIHvvt5OC5E/3/5sSBg+NsrD OoOcfNR0LwgREf5B2yprYw== 0000950116-99-000734.txt : 19990413 0000950116-99-000734.hdr.sgml : 19990413 ACCESSION NUMBER: 0000950116-99-000734 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990412 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DEXTERITY SURGICAL INC CENTRAL INDEX KEY: 0000860131 STANDARD INDUSTRIAL CLASSIFICATION: ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842] IRS NUMBER: 742559866 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-42644 FILM NUMBER: 99591846 BUSINESS ADDRESS: STREET 1: 12961 PARK CENTRAL STREET 2: STE 1300 CITY: SAN ANTONIO STATE: TX ZIP: 78216 BUSINESS PHONE: 2104958787 MAIL ADDRESS: STREET 1: 12961 PARK CENTRAL STREET 2: STE 1300 CITY: SAN ANTONIO STATE: TX ZIP: 78216 FORMER COMPANY: FORMER CONFORMED NAME: LIFEQUEST MEDICAL INC DATE OF NAME CHANGE: 19930328 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TELEFLEX INC CENTRAL INDEX KEY: 0000096943 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 231147939 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 630 W GERMANTOWN PK STE 450 STREET 2: SUITE 450 CITY: PLYMOUTH MEETING STATE: PA ZIP: 19462 BUSINESS PHONE: 2158346301 MAIL ADDRESS: STREET 1: 630 WEST GERMANTOWN PIKE STREET 2: SUITE 450 CITY: PLYMOUTH MEETING STATE: PA ZIP: 19462 SC 13D 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Dexterity Surgical, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.001 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 531928 10 9 - -------------------------------------------------------------------------------- (CUSIP Number) Steven K. Chance, Esquire Vice President and General Counsel Teleflex Incorporated 630 West Germantown Pike Suite 450 Plymouth Meeting, Pennsylvania 19462 (610) 834-6301 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) With Copy To: ------------- Donald Beckman, Esquire Saul, Ewing, Remick & Saul LLP Centre Square West 1500 Market Street, 38th Floor Philadelphia, PA 19102-2186 (215) 972-7777 March 18, 1999 - -------------------------------------------------------------------------------- (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 13d-1(b)(3) or (4), check the following box [ ]. Check the following box if a fee is being paid with the statement [ ]. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. 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. 531928 10 9 Page 2 of 14 - -------------------------------------------------------------------------------- 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). Teleflex Incorporated 23-1147939 - -------------------------------------------------------------------------------- 2. Check the appropriate box if a member of a group (See Instructions) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) 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 The Reporting Person is organized under the laws of the State of Delaware - -------------------------------------------------------------------------------- Number of Shares 7. Sole Voting Power 0 Beneficially Owned By Each 8. Shared Voting Power 1,885,641 Reporting Person With 9. Sole Dispositive Power 0 10. Shared Dispositive Power 1,885,641 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,885,641 - -------------------------------------------------------------------------------- 12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 18.46% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO CUSIP No. 531928 10 9 Page 3 of 14 - -------------------------------------------------------------------------------- 1. Name of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). TFX Equities Incorporated 23-2494396 - -------------------------------------------------------------------------------- 2. Check the appropriate box if a member of a group (See Instructions) (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3. SEC Use Only - -------------------------------------------------------------------------------- 4. Source of Funds (See Instructions) 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 The Reporting Person is organized under the laws of the State of Delaware - -------------------------------------------------------------------------------- Number of Shares 7. Sole Voting Power 0 Beneficially Owned By Each 8. Shared Voting Power 1,885,641 Reporting Person With 9. Sole Dispositive Power 0 10. Shared Dispositive Power 1,885,641 - -------------------------------------------------------------------------------- 11. Aggregate Amount Beneficially Owned by Each Reporting Person 1,885,641 - -------------------------------------------------------------------------------- 12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 13. Percent of Class Represented by Amount in Row (11) 18.46% - -------------------------------------------------------------------------------- 14. Type of Reporting Person (See Instructions) CO CUSIP No. 531928 10 9 Page 4 of 14 - -------------------------------------------------------------------------------- Item 1. Security and Issuer (a) Title of Class of Securities Common stock, $.001 par value per share. (b) Name and Address of Principal Executive Offices of Issuer Dexterity Surgical, Inc. 12961 Park Central, Suite 1300 San Antonio, Texas 78216 Item 2. Identity and Background (a) Name of Reporting Persons The names of the reporting persons are Teleflex Incorporated, a Delaware corporation ("Teleflex"), and TFX Equities Incorporated, a Delaware corporation ("TFX", and with Teleflex, the "Reporting Persons"). TFX is a wholly-owned subsidiary of Teleflex. The name, address, present principal occupation or employment and, if applicable, the name, principal business and address of any corporation or other organization in which such employment is conducted, of the directors and executive officers of the Reporting Persons (collectively, the "Directors and Executive Officers") are set forth in Appendix I hereto, which is incorporated herein by reference. (b) Sate of Organization The Reporting Persons are each organized under the laws of the State of Delaware (c) Principal Business of Reporting Persons; Address of Principal Office of Reporting Persons Principal Business of Reporting Persons The principal business of Teleflex is designing, manufacturing and selling engineered products and services for the automotive, marine, industrial, medical and aerospace markets. The principal business of TFX is conducting business development activities for Teleflex. Specifically, TFX manages the merger, acquisition and divestiture activity of Teleflex. CUSIP No. 531928 10 9 Page 5 of 14 - -------------------------------------------------------------------------------- Address of Principal Office of Reporting Persons Teleflex Incorporated 630 West Germantown Pike Suite 450 Plymouth Meeting, Pennsylvania 19462 TFX Equities Incorporated 1787 Sentry Parkway West Bldg. Sixteen, Suite 220 Blue Bell, PA 19422 (d) Criminal Convictions in the Previous Five Years None. (e) Violation of Federal or State Securities Laws None. (f) Citizenship of Directors and Executive Officers of the Reporting Persons Each of the Directors and Executive Officers is a United States citizen, except for Mr. Lubsen, who is a Dutch national. Item 3. Source and Amount of Funds or Other Consideration On December 18, 1998, Dexterity Incorporated ("Dexterity") and the Issuer entered into a Plan of Merger and Acquisition Agreement (the "Merger Agreement"), whereby Dexterity agreed to merge with and into the Issuer, with the Issuer being the surviving corporation (the "Merger"). Pursuant to the Merger Agreement, as consideration for the Merger, the Reporting Persons received, among other consideration: 1,885,641 shares of common stock of the Issuer and warrants to purchase 942,820 of common stock of the Issuer at an exercise price of $2.00 per share. The Merger became effective on March 18, 1999. Item 4. Purpose of Transaction The securities acquired as a result of the Merger referred to in Item 3 were acquired for investment purposes. Pursuant to the terms of the Merger, the Reporting Persons may not acquire additional shares of Common Stock if such acquisition would result in the Reporting Persons beneficially owning more than 25% of the outstanding Common Stock. CUSIP No. 531928 10 9 Page 6 of 14 - -------------------------------------------------------------------------------- Pursuant to the Merger Agreement, Teleflex was granted the right to appoint two new and additional members to the Board of Directors of the Issuer. Teleflex will retain this right so long as the Reporting Persons continue to hold a certain portion of the Common Stock which the Reporting Persons acquired in the Merger. At this time, the Reporting Persons do not contemplate seeking to effect any other action that would be required to be disclosed pursuant to this Item 4. Item 5. Interest in Securities of the Issuer (a)(b) Amount and Percent Beneficially Owned; Power to Vote and Dispose of Shares TFX beneficially owns, 1,885,641 shares of common stock of the Issuer, which represents approximately 18.46% of all the outstanding Common Stock. Because Teleflex owns all the outstanding capital stock of TFX, Teleflex may be deemed to be the beneficial owner of such securities, with Teleflex and TFX sharing the power to vote and dispose of such securities. (c) Transactions in the Class of Securities Except as described in Item 3 above, the reporting person did not engage in any transactions in the common stock of the Issuer during the past 60 days. (d) Right of Any Other Person(s) to Receive or Power to Direct the Receipt of Dividends from, or Proceeds from the Sale of, the Securities Not applicable. (e) Date on Which the Reporting Person Ceased to be Beneficial Owner of More than 5% of Securities Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer Except as described below, the Reporting Persons are not parties to any contracts, arrangements, understandings or relationships with respect to securities of the Issuer. Pursuant to the Merger Agreement, TFX and the Issuer are parties to agreements relating the issuance of warrants as consideration in the Merger. CUSIP No. 531928 10 9 Page 7 of 14 - -------------------------------------------------------------------------------- Item 7. Material to Be Filed as Exhibits Exhibit 1 Joint Filing Agreement between Teleflex Incorporated and TFX Equities Incorporated. The Plan of Merger and Acquisition Agreement between Dexterity Incorporated and Issuer dated December 18, 1998 as filed by the Issuer on February 18, 1999, as Attachment A to its Definitive Proxy Statement, is hereby incorporated by reference. CUSIP No. 531928 10 9 Page 8 of 14 - -------------------------------------------------------------------------------- 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. Teleflex Incorporated, By: /S/ John J. Sickler ---------------------- Name: John J. Sickler Title: Senior Vice President TFX Equities Incorporated, By: /S/ John J. Sickler ---------------------- Name: John J. Sickler Title: President Dated: April 9, 1999 CUSIP No. 531928 10 9 Page 9 of 14 - -------------------------------------------------------------------------------- APPENDIX I The following are the names, addresses, present principal occupation or employment and, if applicable, the names, principal businesses and addresses of any corporation or other organization in which such employment is conducted, of the Directors and Executive Officers. Teleflex Directors
Name Principal Occupation Address Patricia C. Barron Business Consultant 159 East 78th Street (Self-Employed) New York, NY 10021 Donald Beckman Special Counsel, Saul, Ewing, Saul Ewing Remick & Saul, LLP Remick & Saul LLP, attorney 1500 Market Street, 38th Floor Centre Square West Philadelphia, PA 19102 Lennox K. Black Chairman of the Board and Teleflex Incorporated Director of Teleflex 630 W. Germantown Pike Suite 450 Plymouth Meeting, PA 19462 David S. Boyer President, Chief Executive Teleflex Incorporated Officer and Director 630 W. Germantown Pike of Teleflex Suite 450 Plymouth Meeting, PA 19462 William R. Cook Business Consultant 937 Macclesfield Road (Self-Employed) Furlong, PA 18925 Joseph S. Gonnella, M.D. Senior Vice President and Jefferson Medical College Dean, Jefferson Medical 1025 Walnut Street College Philadelphia, PA 19107-5083 Lewis E. Hatch, Jr. Business Consultant 1008 Sea Palms West Drive (Self-Employed) St. Simons, GA 31522 Pemberton Hutchinson Chairman and Director, Westmoreland Coal Company Inc. Westmoreland Coal Company, 2 N. Cascade Avenue, 14th Floor a mining company Colorado Springs, CO 87903
CUSIP No. 531928 10 9 Page 10 of 14 - --------------------------------------------------------------------------------
Sigismundus W. W. Lubsen Member of the Executive Heineken N.V. Board, Heineken N.V., Tweede Weteringplantsoen 21 a manufacturer of beer and P.O. Box 28 ale products 1000 AA Amsterdam The Netherlands Palmer E. Retzlaff President and Director, 690 Harleysville Pike Southwest Grain Inc., P.O. Box 173 engaged primarily in cotton Lederach, PA 19450 and grain export James W. Stratton Chairman and Chief Executive Stratton Management Co. Officer, Stratton Management 610 W. Germantown Pike Company, an investment Suite 361 advisory and management firm Plymouth Meeting, PA 19462 Teleflex Executive Officers Name Principal Occupation Address John J. Sickler Senior Vice President, Teleflex, 630 West Germantown Pike President, TFX Suite 450 Plymouth Meeting, PA 19462 Dr. Roy C. Carriker President and Chief Operating 630 West Germantown Pike Officer, TFX Sermatech Suite 450 Plymouth Meeting, PA 19462 Harold L. Zuber, Jr. Vice President, and Chief 630 West Germantown Pike Financial Officer Teleflex Suite 450 Plymouth Meeting, PA 19462 Steven K. Chance, Vice President, General 630 West Germantown Pike Counsel and Secretary, Suite 450 Teleflex Plymouth Meeting, PA 19462 Ira Albom Senior Vice President, 630 West Germantown Pike Teleflex Suite 450 Plymouth Meeting, PA 19462 Louis T. Horvath Vice President, Quality and 630 West Germantown Pike Productivity, Teleflex Suite 450 Plymouth Meeting, PA 19462
CUSIP No. 531928 10 9 Page 11 of 14 - --------------------------------------------------------------------------------
Ronald D. Boldt Vice President, Human 630 West Germantown Pike Resources, Teleflex Suite 450 Plymouth Meeting, PA 19462 Janine Dusossoit Vice President, Investor 630 West Germantown Pike Relations, Teleflex Suite 450 Plymouth Meeting, PA 19462 Thomas M. Byrne Assistant Treasurer, Teleflex 630 West Germantown Pike Suite 450 Plymouth Meeting, PA 19462 Stephen Gambone Chief Accounting Officer and 630 West Germantown Pike Controller Suite 450 Plymouth Meeting, PA 19462 TFX Directors Name Principal Occupation Address Donald J. Bromley Director of Accounting and 3513 Concord Pike Client Services, Delaware Suite 3000 Management Services, a Wilmington, DE 19803 corporate office services provider Thomas M. Byrne Assistant Treasurer, Teleflex 630 West Germantown Pike Suite 450 Plymouth Meeting, PA 19462 Steven K. Chance, Vice President, General 630 West Germantown Pike Counsel and Secretary, Suite 450 Teleflex Plymouth Meeting, PA 19462 C. Jeffrey Jacobs Director of Treasury 630 West Germantown Pike Operations, Teleflex Suite 450 Plymouth Meeting, PA 19462 John J. Sickler President, TFX 630 West Germantown Pike Suite 450 Plymouth Meeting, PA 19462 Herbert K. Zearfoss Assistant General Counsel, 630 West Germantown Pike Teleflex Suite 450 Plymouth Meeting, PA 19462
CUSIP No. 531928 10 9 Page 12 of 14 - -------------------------------------------------------------------------------- TFX Executive Officers
Name Principal Occupation Address John J. Sickler, President, TFX 630 West Germantown Pike Senior Vice President, Suite 450 Teleflex Plymouth Meeting, PA 19462 Dr. Roy C. Carriker, Vice President, TFX, 630 West Germantown Pike Chief Operating Officer, Suite 450 TFX Sermatech Plymouth Meeting, PA 19462 Thomas M. Byrne, Vice President and Treasurer, 630 West Germantown Pike TFX, Suite 450 Assistant Treasurer, Teleflex Plymouth Meeting, PA 19462 Steven K. Chance, Vice President, General 630 West Germantown Pike Counsel and Secretary, Suite 450 TFX and Teleflex Plymouth Meeting, PA 19462 Herbert K. Zearfoss Assistant Secretary, TFX 630 West Germantown Pike Assistant General Counsel, Suite 450 Teleflex Plymouth Meeting, PA 19462 Donald J. Bromley Assistant Secretary, TFX 3513 Concord Pike Director of Accounting and Suite 3000 Client Services, Delaware Wilmington, DE 19803 Management Services, a corporate office services provider C. Jeffrey Jacobs Assistant Treasury, TFX 630 West Germantown Pike Director of Operations, Suite 450 Teleflex Plymouth Meeting, PA 19462
CUSIP No. 531928 10 9 Page 13 of 14 - -------------------------------------------------------------------------------- EXHIBIT INDEX Exhibit 1 Joint Filing Agreement between Teleflex Incorporated and TFX Equities Incorporated. CUSIP No. 531928 10 9 Page 14 of 14 - -------------------------------------------------------------------------------- EXHIBIT 1 JOINT FILING AGREEMENT The undersigned agree to the joint filing on behalf of each of them of a Schedule 13D (including any and all amendments thereto) with respect to the securities of Dexterity Surgical, Inc., and further agree that this Agreement shall be included as an Exhibit to such filings. The undersigned further agree that each party hereto is responsible for timely filing of such Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information concerning such party contained therein, provided that neither party is responsible for the completeness or accuracy of the information concerning the other party, unless such party knows or has reason to believe that such information is inaccurate. IN WITNESS WHEREOF, the undersigned have caused this Agreement to be executed this 9th day of April, 1999. Teleflex Incorporated, By: /S/ John J. Sickler --------------------- Name: John J. Sickler Title: Senior Vice President TFX Equities Incorporated, By: /S/ John J. Sickler --------------------- Name: John J. Sickler Title: President -----END PRIVACY-ENHANCED MESSAGE-----