UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
(AMENDMENT NO. 4)*
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Dynamics Corporation of America
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(Name of Issuer)
Common Stock, par value $.10 per share
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(Title of Class of Securities)
268039104
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(CUSIP Number)
Joseph P. Walker
Chairman, President
and Chief Executive Officer
CTS Corporation
905 West Boulevard North
Elkhart, Indiana 46314
(219) 326-3939
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 16, 1997
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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.
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* 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>
SCHEDULE 13D
CUSIP No. 268039104
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
CTS Corporation
35-0225010
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2 Check the Appropriate Box If a Member of a Group* a. |_|
(See Item 6) b. |X|
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3 SEC Use Only
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4 Source of Funds*
BK, WC
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5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
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6 Citizenship or Place of Organization
Indiana
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7 Sole Voting Power
Number of
Shares None
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting None
Person --------------------------------------------------------
With 9 Sole Dispositive Power
None
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10 Shared Dispositive Power
None
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
None
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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)
None
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14 Type of Reporting Person*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
CUSIP No. 268039104
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1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Dynamics Corporation of America
(formerly CTS First Acquisition Corp.)
EIN applied for
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2 Check the Appropriate Box If a Member of a Group* a. |_|
(See Item 6) b. |X|
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3 SEC Use Only
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4 Source of Funds*
HC
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5 Check Box If Disclosure of Legal Proceedings Is Required Pursuant to Item
2(d) or 2(e) |_|
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6 Citizenship or Place of Organization
New York
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7 Sole Voting Power
Number of
Shares None
Beneficially --------------------------------------------------------
Owned By 8 Shared Voting Power
Each
Reporting None
Person --------------------------------------------------------
With 9 Sole Dispositive Power
None
--------------------------------------------------------
10 Shared Dispositive Power
None
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11 Aggregate Amount Beneficially Owned by Each Reporting Person
None
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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)
None
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14 Type of Reporting Person*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
This Amendment No. 4 amends and supplements the Schedule 13D first
filed on June 16, 1997, (as amended by Amendments Nos. 1, 2 and 3, the "Schedule
13D"), by CTS Corporation, an Indiana corporation ("CTS"), and CTS First
Acquisition Corp. ("Sub"), a New York corporation and a wholly owned subsidiary
of CTS. Capitalized terms used herein which are not otherwise defined herein are
so used with the respective meanings ascribed to them in the Schedule 13D.
Item 5. Interest in Securities of the Issuer
Item 5 is hereby amended by adding the following thereto:
On October 16, 1997, the Merger was consummated. In connection with the
consummation of the Merger, (i) the Company was merged with and into Sub and the
Company's separate corporate existence terminated by operation of law and (ii)
Sub was renamed Dynamics Corporation of America. Therefore, as of the effective
time of the Merger, the Company ceased to exist and CTS and Sub ceased to be
beneficial owners of any outstanding shares of the Company.
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<PAGE>
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.
Dated: October 16, 1997 CTS CORPORATION
By: /s/ Joseph P. Walker
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Joseph P. Walker
Chairman, President
and Chief Executive Officer
DYNAMICS CORPORATION OF AMERICA
(formerly CTS FIRST ACQUISITION CORP.)
By: /s/ Joseph P. Walker
--------------------------------
Joseph P. Walker
President
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