UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FINAL AMENDMENT TO SCHEDULE 13D
Under the Securities Exchange Act of 1934
Lowrance Electronics, Inc.
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(Name of Issuer)
Shares of Common Stock
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(Title of Class of Securities)
548900 10 9
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(CUSIP Number)
Don C. Whitaker
23 Beechwood
Irvine, California 92604 (949) 857-6008
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
December 29, 2000
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(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.
* 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).
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SCHEDULE 13D
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SHARES OF COMMON SHARES - CUSIP No. 548900 10 9
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Don C. Whitaker
S.S. No. --
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X] (b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
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7 SOLE VOTING POWER
NUMBER OF 165,100 shares
SHARES ------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH ------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 165,100
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
165,100 shares
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.38%
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14 TYPE OF REPORTING PERSON*
IN
2
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SCHEDULE 13D
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SHARES OF COMMON SHARES - CUSIP No. 548900 10 9
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Don C. Whitaker, Inc
IRS No. --
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X] (b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH ------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 0
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
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14 TYPE OF REPORTING PERSON*
3
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SCHEDULE 13D
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SHARES OF COMMON SHARES - CUSIP No. 548900 10 9
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Don C. Whitaker, Jr.
S.S. No. --
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X] (b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
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7 SOLE VOTING POWER
NUMBER OF 11,000 shares
SHARES ------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH ------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH 0
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,000 shares
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.29%
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14 TYPE OF REPORTING PERSON*
IN
4
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SCHEDULE 13D
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ITEM 1. SECURITY AND ISSUER.
This statement relates to common shares of Lowrance Elecrtronics, Inc. The
principal executive office of the Company is located at 12000 East Skelly Drive,
Tulsa, OK 74128.
ITEM 2. IDENTITY AND BACKGROUND.
(a) Don C. Whitaker and Don C. Whitaker, Jr., are both natural persons.
(b) 23 Beechwood, Irvine, California 92604
(c) Don C. Whitaker is the President and Don C. Whitaker, Jr. is the Vice
President of Don C. Whitaker, Inc., 23 Beechwood, Irvine, California 92604, a
firm whose primary purpose is investment opportunities.
(d) During the last five years, neither Don C. Whitaker nor Don C.
Whitaker, Jr., have been convicted in a criminal proceeding or been a party
to a civil proceeding of a judicial or administrative body as a result of which
they have not been 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.
(e) Court or Administrative Proceedings: During the last five years, the
Reporting Persons have not been party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of which the Reporting
Persons were or are 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.
(f) Both Don C. Whitaker and Don C. Whitaker, Jr. are citizens of the
United States of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Don C. Whitaker has purchased a total, net of dispositions, of the 165,100
shares of common shares of the Company. All of these purchases were market
purchases for a total net consideration of approximately $874,108. Don C.
Whitaker, Jr. has purchased a total of 11,000 shares for a total cost of
$47,115. All shares purchased were for cash in personal and/or IRA accounts of
the Whitakers.
ITEM 4. PURPOSE OF TRANSACTION
The above-described purchases of shares of common shares of the Company
were made for investment purposes only. The Whitakers' intent is to passively
participate in the sale of the Company that they perceive will happen in the
future. (On January 5, 2001, as this filing was being prepared for trades
triggered on 12/29/2000, Lowrance Electronics announced a merger with Cobra
Electronics. Cobra is intended to be the survivor). The Whitaker's may in the
future determine to purchase additional securities of the Company, or to dispose
of some or all of the securities they presently own, depending upon price,
market conditions, availability of funds, evaluation of alternative investments
and other considerations.
Except as described above, the Whitaker's has no present plans or proposals
that relate to or would result in:
a) the acquisition by any person of additional securities of the company,
or the disposition of securities of the company;
b) an extraordinary corporate transaction, such as a merger, reorganization
or liquidation, involving the company or any of its subsidiaries;
c) a sale or transfer of a material amount of assets of the company or any
of its subsidiaries;
d) any change in the present board of directors or management of the
company, including any plans or proposals to change the number or term of
directors or to fill any existing vacancies on the board;
e) any material change in the present capitalization or dividend policy of
the company;
f) any other material change in the company's business or corporate
structure;
g) changes in the company's charter, bylaws or instruments corresponding
thereto or other actions which may impede the acquisition of control of the
company by any person;
h) causing a class of securities of the company to be delisted from a
national securities exchange or to cease to be authorized.
Within the past 60 days, Whitaker Group has engaged in the following
transactions in common shares of the company, all of which were ordinary market
transactions:
5
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Trades within the last sixty days.
Date Shares Purchased (Sold) Price per Share
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Don C. Wbitaker:
11/17/00 1,000 3 1/16
11/22/00 1,400 3 1/8
11/28/00 (500) 3 5/8
11/28/00 (1,900) 3 9/16
11/29/00 1,000 3 7/32
11/30/00 1.500 3 3/32
11/30/00 1,600 3 1/16
11/30/00 1,000 3 1/8
11/30/00 1,700 3 1/32
12/01/00 1,000 3 5/32
12/05/00 (100) 3 1/4
12/05/00 1,000 2 15/16
12/05/00 800 2 7/8
12/06/00 (900) 3 1/4
12/06/00 (2,000) 3 3/16
12/06/00 1,500 3 1/32
12/07/00 2,500 3 1/32
12/11/00 (1,400) 3 1/2
12/11/00 2,000 3 1/8
12/15/00 3,400 3 1/4
12/18/00 1,500 3 3/16
12/18/00 1,100 3 1/4
12/18/00 1,000 3 1/8
12/29/00 2,900 2 7/8
12/29/00 2,000 2 15/16
01/03/01 7,500 3
01/05/01 (13.000) 7 31/32
01/05/01 (68,500) 7 15/16
01/05/01 (6,800) 8 1/32
01/05/01 (51,000) 8
Don C. Whitaker, Inc:
01/05/01 (25,000) 8
Don C. Whitaker, Jr.:
11/13/00 500 3.23
11/13/00 1,200 3
12/29/00 5,000 2 7/8
01/05/01 (10,700) 8
01/05/01 (800) 7.895
Whitaker Group:
DCW 165,100 Total Cost 874,108.00
DCW, Inc. -0- -0-
DCW, Jr. 11,000 Total Cost $ 47,115.00
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Group 176,100 Total Cost $921,223
6
<PAGE>
No other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, the
securities of the Company described above.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE COMPANY
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
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.
Dated this 5th day of January, 2001.
By: /s/ Don C. Whitaker
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Don C. Whitaker
Individually
By: /s/ Don C. Whitaker, Jr.
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Don C. Whitaker, Jr.
Individually
Don C. Whitaker, Inc.
By: /s/ Don C. Whitaker
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Don C. Whitaker
President
By: /s/ Don C. Whitaker, Jr.
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Don C. Whitaker, Jr.
Vice President
7
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