<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
(Amendment No. ____________)*
IAT Multimedia, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.01
- --------------------------------------------------------------------------------
(Title of Class of Securities)
449202100
- --------------------------------------------------------------------------------
(CUSIP Number)
Volker Walther
Pestaloziweg 8
D-34439 Willebadessen
Germany
011-49-5253-85200
- --------------------------------------------------------------------------------
(Name, address and telephone number of person
authorized to receive notices and communications)
December 30, 1997
- --------------------------------------------------------------------------------
(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. |_|
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
(Continued on following pages)
(Page 1 of 5 Pages)
*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>
_______________________________________________________________________________
CUSIP No.449202100 13D Page 2 of 5 Pages
_______________________________________________________________________________
1 NAME OF REPORTING PERSON
S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Volker Walther
______________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
______________________________________________________________________________
3 SEC USE ONLY
______________________________________________________________________________
4 SOURCE OF FUNDS
WC
______________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
______________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Germany
_______________________________________________________________________________
| |
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 943,250
BENEFICIALLY |_____|________________________________________________________
OWNED BY | |
EACH | 8 | SHARED VOTING POWER
REPORTING | |
PERSON WITH |_____|________________________________________________________
| |
| 9 | SOLE DISPOSITIVE POWER
| | 871,990
|_____|________________________________________________________
| |
| 10 | SHARED DISPOSITIVE POWER
| |
_______________|_____|_________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
943,250
______________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* [ ]
______________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.72%
______________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
______________________________________________________________________________
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
_______________________________________________________________________________
CUSIP No.449202100 13D Page 3 of 5 Pages
_______________________________________________________________________________
Item 1. Security and Issuer:
Common Stock
IAT Multimedia, Inc.
Geschaftshaus Wassersloss
Aarestrasse 13
CH-5300 Vogelsang- Turgi
Switzerland
Item 2. Identity and Background:
(a) Name: Volker Walther ("Mr. Walther")
(b) Residence address:
Pestaloziweg 8
D-34439 Willabadessen
Germany
(c) Present principal occupation:
Chief Executive of Walther Glass Gmbh, a privately held
corporation organized under the laws of Germany
(d) Mr. Walther, during the last five years has not been convicted
in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e) Mr. Walther, during the last five years has not been a party to
a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was
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.
Item 3. Source and Amount of Funds or Other Consideration.
Mr. Walther and Walther Glas GmbH ("Walther Glas") are longtime
stockholders of the predecessor of IAT Multimedia, Inc., the
Issuer. At the time of the Issuer's initial public offering on
April 1, 1997, Mr. Walther and Walther Glas has sole and
dispositive voting power over 675,797 shares of Common Stock, par
value $.01 of the Issuer (the "Common Stock") and 143,693 shares of
Common Stock, respectively. In addition, at the time of the initial
public offering, Mr. Walther and Walther Glas had sole voting power
over 58,765 and 12,495 shares of Common Stock. Mr. Walther is the
majority stockholder of Walther Glas and has sole voting and sole
dispositive power over the shares of Common Stock beneficially
owned by Walther Glas. On May 15, 1997, Volker Walther purchased an
additional 52,500 shares of Common Stock in an open market
transaction at a purchase price of $6.25 per share. On December 30,
1997, Volker Walther transferred 675,797 shares of Common Stock to
Walther Glas for an aggregate purchase price of $4,392,681. The
source of the funds for the open market acquisition and the payment
of consideration for the transfer from Mr. Walther to Walther Glas
was available working capital of Walther Glas. The purchase of
Common Stock in the open market transaction as well as the transfer
of shares from Volker Walther to Walter Glas are the subject of
this statement on Schedule 13D.
Item 4. Purpose of Transaction.
Mr. Walther has no present plans to purchase additional securities
of the Issuer. However, Mr. Walther intends to review his
investment in the Issuer on a continuing basis and may, depending
on the business and prospects of the Issuer, market conditions and
other investment considerations, determine to purchase additional
securities or decrease or dispose of his interest in the Issuer, at
such prices and terms and in such manner as he may deem advisable.
<PAGE>
_______________________________________________________________________________
CUSIP No.449202100 13D Page 4 of 5 Pages
_______________________________________________________________________________
Mr. Walther has no present plans to make any change in the present
Board of Directors or management of Issuer, nor to reorganize or
liquidate Issuer, sell or transfer any material amount of its
assets, merge the Issuer with any other company, make any material
change in the present capitalization or dividend policy of Issuer,
cause any class of securities of Issuer to be delisted from a
national securities exchange, to cease to be authorized to be
quoted in an inter-dealer quotation system of a registered national
securities association or to become eligible for termination of
registration pursuant to Section 12(g)(4) of the Securities
Exchange Act of 1934, as amended (the "Act"), or make any material
change in the business or corporate structure of Issuer.
Item 5. Interest in Securities of the Issuers:
(a) Amount and Percentage Beneficially Owned
Mr. Walther beneficially owns 943,250 shares of Common Stock
of the Issuer which represents 9.72% of the issued and
outstanding stock of the Issuer.
(b) Powers to Vote
Mr. Walther has sole power to vote or to direct the vote of
the securities.
(c) Transactions effected during the past 60 days
Mr. Walther acquired 52,500 shares of Common Stock which are
the subject of this statement on Schedule 13D on May 15,
1997 and Walther Glas acquired 675,797 shares fo Common
Stock which are the subject of this statement on Schedule
13D on December 30, 1997.
(d) No other person is known to have the right to receive or the
power to direct the receipt of dividends from, as the
proceeds from the sale of, the securities which are the
subject of this statement on Schedule 13D.
(e) N/A
Item 6. Contracts, Arrangements, Understandings or Relationships With
Respect to Securities of the Issuer.
N/A
Item 7. Material to be Filed as Exhibits.
None
<PAGE>
_______________________________________________________________________________
CUSIP No.449202100 13D Page 5 of 5 Pages
_______________________________________________________________________________
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.
/s/ Volker Walther
-------------------------------
Volker Walther
Date: February 4, 1998
