SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)*
Zytec Corporation
___________________________________________________
(Name of Issuer)
Common Stock, no par value
___________________________________________________
(Title of Class of Securities)
989467106
-----------------------------------------------------
(CUSIP Number)
Richard J. Thompson, Computer Products, Inc.
7900 Glades Road, Suite 500, Boca Raton, Florida 33434
(561) 451-1008
____________________________________________________________
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
December 29, 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 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.
*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 disclosures provided in a prior cover page.
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).
<PAGE>
CUSIP NO.: Page 2 of 10 Pages
- -----------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Computer Products, Inc.*
59-1205269
- ------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) __
(b) __
- ------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------
(4) SOURCE OF FUNDS Not Applicable
- ------------------------------------------------------------
(5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
___
- ------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Florida
- ------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER None
SHARES -----------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER None
OWNED BY -----------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER None
REPORTING -----------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER None
- ------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON None
- ------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
___
- ------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- ------------------------------------------------------------
(14) TYPE OF REPORTING PERSON
CO
- ------------------------------------------------------------
* Zytec Corporation is now a 100% wholly-owned subsidiary of
Computer Products, Inc.
<PAGE>
CUSIP NO.: Page 3 of 10 Pages
- ------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Joseph M. O'Donnell*
- ------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) __
(b) __
- ------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------
(4) SOURCE OF FUNDS Not Applicable
- ------------------------------------------------------------
(5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
___
- ------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- ------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER None
SHARES -----------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER None
OWNED BY -----------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER None
REPORTING -----------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER None
- ------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON None
- ------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
___
- ------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- ------------------------------------------------------------
(14) TYPE OF REPORTING PERSON
IN
- ------------------------------------------------------------
* In his capacity as an officer of Computer Products, Inc.
<PAGE>
CUSIP NO.: Page 4 of 10 Pages
- ------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Richard J. Thompson*
- ------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) __
(b) __
- ------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------
(4) SOURCE OF FUNDS Not Applicable
- ------------------------------------------------------------
(5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
___
- ------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- ------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER None
SHARES -----------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER None
OWNED BY -----------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER None
REPORTING -----------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER None
- ------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON None
- ------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
___
- ------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- ------------------------------------------------------------
(14) TYPE OF REPORTING PERSON
IN
- ------------------------------------------------------------
* In his capacity as an officer of Computer Products, Inc.
<PAGE>
CUSIP NO.: Page 5 of 10 Pages
- ------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Ronald D. Schmidt
- ------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) __
(b) __
- ------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------
(4) SOURCE OF FUNDS Not Applicable
- ------------------------------------------------------------
(5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
___
- ------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- ------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER None
SHARES -----------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER None
OWNED BY -----------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER None
REPORTING -----------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER None
- ------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON None
- ------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
___
- ------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- ------------------------------------------------------------
(14) TYPE OF REPORTING PERSON
IN
- ------------------------------------------------------------
<PAGE>
CUSIP NO.: Page 6 of 10 Pages
- ------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
John M. Steel
- ------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) __
(b) __
- ------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------
(4) SOURCE OF FUNDS Not Applicable
- ------------------------------------------------------------
(5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
___
- ------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- ------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER None
SHARES -----------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER None
OWNED BY -----------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER None
REPORTING -----------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER None
- ------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON None
- ------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
___
- ------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- ------------------------------------------------------------
(14) TYPE OF REPORTING PERSON
IN
- ------------------------------------------------------------
<PAGE>
CUSIP NO.: Page 7 of 10 Pages
- ------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Lawrence J. Matthews
- ------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) __
(b) __
- ------------------------------------------------------------
(3) SEC USE ONLY
- ------------------------------------------------------------
(4) SOURCE OF FUNDS Not Applicable
- ------------------------------------------------------------
(5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)
___
- ------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- ------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER None
SHARES -----------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER None
OWNED BY -----------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER None
REPORTING -----------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER None
- ------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON None
- ------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
___
- ------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- ------------------------------------------------------------
(14) TYPE OF REPORTING PERSON
IN
- ------------------------------------------------------------
<PAGE>
Page 8 of 10 Pages
Item 1. Security and Issuer. This Amendment No. 1 amends
Schedule 13D, dated September 2, 1997, which relates to the
Common Stock, no par value per share (the "Zytec Common Stock"),
issued by Zytec Corporation, a Minnesota corporation (the
"Company"). On December 29, 1997, the Company was merged (the
"Merger") with CPI Acquisition Corp., a Minnesota corporation
("CPI Sub"), which is a wholly-owned subsidiary of Computer
Products, Inc., a Florida corporation ("CPI"). The Company's
principal executive offices are located at 7575 Market Place
Drive, Eden Prairie, Minnesota 55344. CPI's principal executive
offices are located at 7900 Glades Road, Suite 500, Boca Raton,
Florida 33434.
Subsequent to the Merger, Zytec will file a Form 15 under Rules
12g-4 and 12h-3 under the Securities Exchange Act of 1934 (the
"Exchange Act") which will terminate the registration of Zytec
Common Stock under Section 12 of the Exchange Act. The shares of
Zytec Common Stock are no longer listed on The Nasdaq National
Stock Market.
Item 4. Purpose of Transaction. CPI, CPI Sub and the Company
entered into an Agreement and Plan of Merger, dated September 2,
1997 (the "Merger Agreement"), which sets forth the terms and
conditions of the Merger. The Merger and related transactions
were approved by Company stockholders and CPI stockholders on
December 29, 1997. As of such date, each share of Zytec Common
Stock (other than any shares held by the Company or its
subsidiaries, or owned by CPI, CPI Sub or any other of CPI's
subsidiaries) was automatically converted into the right to
receive 1.33 shares of common stock, $.01 par value per share, of
CPI ("CPI Common Stock"). In the Merger, Messrs. Schmidt, Steel
and Matthews disposed of their shares of Zytec Common Stock and
acquired, in the aggregate, approximately 3,257,692 shares of CPI
Common Stock.
As a condition of CPI and CPI Sub entering into the
Merger Agreement, CPI required that Messrs. Schmidt, Steel and
Matthews each enter into a Voting Agreement, dated September 2,
1997 (the "Voting Agreement"), whereby such stockholders agreed
to vote their shares of Zytec Common Stock in favor of the
Merger, and granted an irrevocable proxy to each of Messrs.
O'Donnell and Thompson, solely in their capacities as officers of
CPI, to vote their shares of Zytec Common Stock in favor of the
Merger, to vote against any other plan or proposal for any
business combination involving the Company and any entity other
than CPI, and to not sell or otherwise transfer said shares
during the term of the Merger Agreement. On December 29, 1997,
the shares of Zytec Common Stock owned by Messrs. Schmidt, Steel
<PAGE>
Page 9 of 10 Pages
and Matthews were voted by Mr. Thompson pursuant to the Voting
Agreement in favor of the Merger and the Voting Agreement, by its
terms, ceased to be of any further force or effect. As a result
of the consummation of the Merger, the Reporting Persons are no
longer members of a "group", as such term is used in the Exchange
Act, in reference to Zytec Common Stock and no Reporting Person
is the beneficial owner of more than 5% of CPI Common Stock.
<PAGE>
Page 10 of 10 Pages
After reasonable inquiry and to the best of each of the
undersigned's knowledge and belief, the undersigned each certify
that the information set forth in this statement is true,
complete and correct.
January 9, 1998
COMPUTER PRODUCTS, INC.
By: Richard J. Thompson
-------------------------------------------
Richard J. Thompson, Vice President-Finance
Joseph M. O'Donnell
-------------------------------------------
Joseph M. O'Donnell, in his capacity
as an officer of Computer Products, Inc.
Richard J. Thompson
-------------------------------------------
Richard J. Thompson, in his capacity
as an officer of Computer Products, Inc.
Ronald D. Schmidt
-------------------------------------------
Ronald D. Schmidt
John M. Steel
-------------------------------------------
John M. Steel
Lawrence J. Matthews
-------------------------------------------
Lawrence J. Matthews
