UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
UNIVERSAL ELECTRONICS, INC. /1/
-----------------------------------
(Name of Issuer)
Common Stock
-----------------------------------
(Title of Class of Securities)
913483103
-------------------
(CUSIP Number)
July 29, 1999
----------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|X| Rule 13d-1(b)
o Rule 13d-1(c)
o Rule 13d-1(d)
- ------------------------
/1/ 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).
<PAGE>
Schedule 13G Page 2 of 15
CUSIP No. 913483103 Universal Electronics, Inc.
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- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Berger LLC/2/ ID No. 84-1507541
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Nevada
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 569,670
------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 569,670
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
569,670
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.46%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IA, CO
- --------------------------------------------------------------------------------
- ------------------------
/2/ Berger LLC was formerly known as Berger Associates, Inc.
<PAGE>
Schedule 13G Page 3 of 15
CUSIP No. 913483103 Universal Electronics, Inc.
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- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Berger Small Company Growth Fund, a Portfolio of Berger Investment
Portfolio Trust (ID No. 84-1244357)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 532,190
------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 532,190
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
532,190
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |_|
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.91%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IV, 00
- --------------------------------------------------------------------------------
<PAGE>
Schedule 13G Page 4 of 15
CUSIP No. 913483103 Universal Electronics, Inc.
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kansas City Southern Industries, Inc. ID No. 44-0663509
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH -0-
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |X|
Excludes shares beneficially owned by Berger LLC as to which
beneficial ownership is disclaimed.
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
-0-
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
HC, CO
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<PAGE>
Schedule 13G Page 5 of 15
CUSIP No. 913483103 Universal Electronics, Inc.
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stilwell Financial, Inc. ID No. 43-1804048
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH -0-
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |X|
Excludes shares beneficially owned by Berger LLC as to which
beneficial ownership is disclaimed.
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
-0-
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
HC, CO
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<PAGE>
Schedule 13G Page 6 of 15
CUSIP No. 913483103 Universal Electronics, Inc.
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stilwell Management, Inc. ID No. 13-2750052
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
------------------------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH -0-
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES |X|
Excludes shares beneficially owned by Berger LLC as to which
beneficial ownership is disclaimed.
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
-0-
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON**
CO
- --------------------------------------------------------------------------------
- ------------------------
**This section was amended to remove the code HC, which was previously included
in error.
<PAGE>
Schedule 13G Page 7 of 15
CUSIP No. 913483103 Universal Electronics, Inc.
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Item 1.
(a) Name of Issuer: Universal Electronics, Inc.
(b) Address of Issuer's Principal Executive Offices:
6101 Gateway Drive
Cypress, CA 90630-4841
Item 2.
(a) Name of Person Filing:
(1) Berger LLC
(2) Berger Small Company Growth Fund, a Portfolio of the
Berger Investment Portfolio Trust
(3) Kansas City Southern Industries, Inc.
(4) Stilwell Financial, Inc.
(5) Stilwell Management, Inc.
(b) Address of Principal Business Office:
(1) Berger LLC
210 University Boulevard, Suite 900
Denver, Colorado 80206
(2) Berger Small Company Growth Fund
210 University Boulevard, Suite 900
Denver, Colorado 80206
(3) Kansas City Southern Industries, Inc.
114 West 11th Street
Kansas City, Missouri 64105
(4) Stilwell Financial, Inc.
114 West 11th Street
Kansas City, Missouri 64105
<PAGE>
Schedule 13G Page 8 of 15
CUSIP No. 913483103 Universal Electronics, Inc.
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(5) Stilwell Management, Inc.
210 University Boulevard, Suite 900
Denver, Colorado 80206
(c) Citizenship:
(1) Berger LLC: Nevada
(2) Berger Small Company Growth Fund: Delaware
(3) Kansas City Southern Industries, Inc.: Delaware
(4) Stilwell Financial, Inc. Delaware
(5) Stilwell Management, Inc. Delaware
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 913483103
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) ________ Broker or Dealer registered under Section 15 of the
Act
(b) ________ Bank as defined in section 3(a)(6) of the Act
(c) ________ Insurance Company as defined in section 3(a)(19) of
the Act
(d) X Investment Company registered under section 8 of the
-------- Investment Company Act /3/
(e) X Investment Adviser registered under section 203 of
-------- the Investment Advisers Act of 1940 /4/
- ------------------------
/3/ Berger Small Company Growth Fund is a Portfolio of the Berger Investment
Portfolio Trust, a Delaware business trust and a registered investment
company.
/4/ Berger LLC is a registered investment adviser.
<PAGE>
Schedule 13G Page 9 of 15
CUSIP No. 913483103 Universal Electronics, Inc.
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(f) ________ Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see section
240.13d-1(b)(1)(ii)(F)
(g) X Parent Holding Company or Control Person in
-------- accordance with section 240.13d-1(b)(1)(ii)(G)
(Note: See Item 7) /5/
(h) ________ Group, in accordance with
section 240.13d-1(b)(1)(ii)(H)
Item 4. Ownership
(a) Amount Beneficially Owned:
(1) Berger LLC: 569,670 /6/
---------
(2) Berger Small Company Growth Fund: 532,190
---------
(3) Kansas City Southern Industries, Inc.: 0 /7/
--------
- ----------------
/5/ Kansas City Southern Industries ("KSCI") is the parent holding company of
Stilwell Financial, Inc. ("SFI"). SFI owns 100% of Stilwell Management,
Inc. ("SMI"), which owns approximately 86% of Berger LLC. Each of these
entities is filing this statement solely as a result of such stock
ownership which may be deemed to give KCSI, SFI or SMI control over Berger
LLC.
/6/ The filing of this statement shall not be construed as an admission that
Berger LLC is, for purposes of Sections 13(d) or 13(g) of the Securities
Exchange Act of 1934, the beneficial owner of any securities covered by
this statement.
Berger LLC is a registered investment adviser which furnishes investment
advice to a number of mutual funds and institutional clients. As a result
of its role as investment adviser or sub-adviser to the Funds as well as
institutional clients, Berger LLC may be deemed to be the beneficial owner
of securities held by such funds or clients.
/7/ Kansas City Southern Industries, Inc. ("KCSI") does not own of record any
shares of Universal Electronics, Inc. Common Stock, it has not engaged in
any transaction in Universal Electronics, Inc. Common Stock, and it does
not exercise any voting or investment power over shares of Universal
Electronics, Inc. Common Stock. All shares reported herein have been
acquired by Berger LLC's mutual fund clients and KCSI specifically
disclaims beneficial ownership over any shares of Universal Electronics,
Inc. Common Stock.
Accordingly, the filing of this statement shall not be construed as an
admission that KCSI is, for purposes of Sections 13(d) or 13(g) of the
Securities Exchange Act of 1934, the beneficial owner of any securities
covered by this statement.
<PAGE>
Schedule 13G Page 10 of 15
CUSIP No. 913483103 Universal Electronics, Inc.
- --------------------------------------------------------------------------------
(4) Stilwell Financial, Inc.: 0 /8/
-------
(5) Stilwell Management, Inc.: 0 /9/
-------
(b) Percent of Class:
(1) Berger LLC: 8.46% /10/
-------
(2) Berger Small Company Growth Fund: 7.91%
-------
(3) Kansas City Southern Industries, Inc.: 0.0% /11/
------
(4) Stilwell Financial, Inc.: 0.0% /12/
------
(5) Stilwell Management, Inc.: 0.0% /13/
------
- ------------------------
/8/ Stilwell Financial, Inc.("SFI") does not own of record any shares of
Universal Electronics, Inc. Common Stock, it has not engaged in any
transaction in Universal Electronics, Inc. Common Stock, and it does not
exercise any voting or investment power over shares of Universal
Electronics, Inc. Common Stock. All shares reported herein have been
acquired by Berger LLC's mutual fund clients and SFI specifically disclaims
beneficial ownership over any shares of Universal Electronics, Inc. Common
Stock.
Accordingly, the filing of this statement shall not be construed as an
admission that SFI is, for purposes of Sections 13(d) or 13(g) of the
Securities Exchange Act of 1934, the beneficial owner of any securities
covered by this statement.
/9/ Stilwell Management, Inc.("SMI") does not own of record any shares of
Universal Electronics, Inc. Common Stock, it has not engaged in any
transaction in Universal Electronics, Inc. Common Stock, and it does not
exercise any voting or investment power over shares of Universal
Electronics, Inc. Common Stock. All shares reported herein have been
acquired by Berger LLC's mutual fund clients and SMI specifically disclaims
beneficial ownership over any shares of Universal Electronics, Inc. Common
Stock.
Accordingly, the filing of this statement shall not be construed as an
admission that SMI is, for purposes of Sections 13(d) or 13(g) of the
Securities Exchange Act of 1934, the beneficial owner of any securities
covered by this statement.
/10/ The filing of this statement shall not be construed as an admission that
Berger LLC is, for purposes of Sections 13(d) or 13(g) of the Securities
Exchange Act of 1934, the beneficial owner of any securities covered by
this statement.
/11/ See Item 4(a)(3).
/12/ See Item 4(a)(4).
/13/ See Item 4(a)(5).
<PAGE>
Schedule 13G Page 11 of 15
CUSIP No. 913483103 Universal Electronics, Inc.
- --------------------------------------------------------------------------------
(c) Number of shares as to which such person has:
(1) Berger LLC:
(i) Sole power to vote or to direct the
vote: 0
-----------
(ii) Shared power to vote or to direct the
vote: 569,670
--------
(iii) Sole power to dispose or to direct the
disposition of: 0
----------
(iv) Shared power to dispose or to direct the
disposition of: 569,670
---------
(2) Berger Small Company Growth Fund:
(v) Sole power to vote or to direct the
vote: 0
-----------
(vi) Shared power to vote or to direct the
vote: 532,190
--------
(vii) Sole power to dispose or to direct the
disposition of: 0
-----------
(viii) Shared power to dispose or to direct the
disposition of: 532,190
---------
(3) Kansas City Southern Industries, Inc.
(i) Sole power to vote or to direct the
vote: 0
-----
(ii) Shared power to vote or to direct the
vote: 0 /14/
-----
(iii) Sole power to dispose or to direct the
disposition of: 0
-----
(iv) Shared power to dispose or to direct the
disposition of: 0 /15/
------
(4) Stilwell Financial, Inc.
(i) Sole power to vote or to direct the
vote: 0
-----
- ------------------------
/14/ See Item 4(a)(3).
/15/ See Item 4(a)(3).
<PAGE>
Schedule 13G Page 12 of 15
CUSIP No. 913483103 Universal Electronics, Inc.
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(ii) Shared power to vote or to direct the
vote: 0 /16/
-----
(iii) Sole power to dispose or to direct the
disposition of: 0
-----
(iv) Shared power to dispose or to direct the
disposition of: 0 /17/
------
(5) Stilwell Management, Inc.
(i) Sole power to vote or to direct the
vote: 0
-----
(ii) Shared power to vote or to direct the
vote: 0 /18/
-----
(iii) Sole power to dispose or to direct the
disposition of: 0
-----
(iv) Shared power to dispose or to direct the
disposition of: 0 /19/
------
Item 5. Ownership of Five Percent or Less of a Class:
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another
Person:
The Berger Small Company Growth Fund has the right to receive
all dividends from, and the proceeds from the sale of, the
securities held in its account.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company:
This statement has been filed jointly by KCSI, SFI, SMI, and
Berger LLC and information relating to Berger LLC has been
included herein.
- ------------------------
/16/ See Item 4(a)(4).
/17/ See Item 4(a)(4).
/18/ See Item 4(a)(5).
/19/ See Item 4(a)(5).
<PAGE>
Schedule 13G Page 13 of 15
CUSIP No. 913483103 Universal Electronics, Inc.
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Item 8. Identification and Classification of Members of the Group:
Not Applicable
Item 9. Notice of Dissolution of Group:
Not Applicable
Item 10. Certification:
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired and
are held in the ordinary course of business and were not
acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer of
such securities and were not acquired and are not held in
connection with or as a participant in any transaction having
such purpose or effect.
<PAGE>
Schedule 13G Page 14 of 15
CUSIP No. 913483103 Universal Electronics, Inc.
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SIGNATURE
(Amendment No. 1)
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.
BERGER LLC:
/s/ Brian S. Ferrie
Date: February 15, 2000 --------------------------------------------
Signature
Brian S. Ferrie, Vice President - Compliance
--------------------------------------------
Name/Title
BERGER SMALL COMPANY GROWTH FUND,
A PORTFOLIO OF THE BERGER INVESTMENT
PORTFOLIO TRUST
/s/ Brian S. Ferrie
Date: February 15, 2000 --------------------------------------------
Signature
Brian S. Ferrie, Vice President
--------------------------------------------
Name/Title
KANSAS CITY SOUTHERN INDUSTRIES, INC.
/s/ Joseph D. Monello
Date: February 15, 2000 --------------------------------------------
Signature
Joseph D. Monello,
Vice President and Chief Financial Officer
--------------------------------------------
Name/Title
<PAGE>
Schedule 13G Page 15 of 15
CUSIP No. 913483103 Universal Electronics, Inc.
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STILWELL FINANCIAL, INC.
/s Joseph D. Monello
Date: February 15, 2000 --------------------------------------------
Signature
Joseph D. Monello,
Executive Vice President
--------------------------------------------
Name/Title
STILWELL MANAGEMENT, INC.
/s/ Janice M. Teague
Date: February 15, 2000 --------------------------------------------
Signature
Janice M. Teague,
Vice President - Administration
--------------------------------------------
Name/Title
<PAGE>
EXHIBIT INDEX
Exhibit Document Page No.
- ------- -------- --------
A Joint Filing Agreement A-1
<PAGE>
EXHIBIT A
to
SCHEDULE 13G
(AMENDMENT NO. 1)
JOINT FILING AGREEMENT
Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934,
the undersigned parties hereby agree that the preceding Schedule 13G is being
filed on behalf of each of them.
IN WITNESS THEREOF, the parties hereto have duly executed this
agreement on this 15th day of February, 2000.
BERGER LLC:
/s/ Brian S. Ferrie
--------------------------------------------
Brian S. Ferrie, Vice President - Compliance
BERGER SMALL COMPANY GROWTH FUND, A
PORTFOLIO OF THE BERGER INVESTMENT
PORTFOLIO TRUST
/s/ Brian S. Ferrie
--------------------------------------------
Brian S. Ferrie, Vice President
KANSAS CITY SOUTHERN INDUSTRIES, INC.
/s/ Joseph D. Monello
--------------------------------------------
Joseph D. Monello
Vice President and Chief Financial Officer
A-1
<PAGE>
STILWELL FINANCIAL, INC.
/s/ Joseph D. Monello
--------------------------------------------
Joseph D. Monello
Executive Vice President
STILWELL MANAGEMENT, INC.
/s/ Janice M. Teague
--------------------------------------------
Janice M. Teague
Vice President - Administration
A-2
