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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 12)
Hurco Companies, Inc.
(Name of Issuer)
COMMON STOCK, NO PAR VALUE 447324 10 4
(Title of class of securities) (CUSIP number)
STEPHEN H. COOPER, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NY 10153
(212) 310-8000
(Name, address and telephone number of person authorized
to receive notices and communications)
MARCH 31, 1999
(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 [_].
Check the following box if a fee is being paid with the statement [_].
(A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
Note: When filing this statement in paper format, six copies of this statement,
including 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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NYFS07...:\59\53459\0004\27\SCH8126K.DOC
<PAGE>
<TABLE>
<CAPTION>
- -------------------------------------------------------- --------------------------------------
CUSIP No. 447324 10 4 13D
- -------------------------------------------------------- --------------------------------------
- ---------------------------------------------------------------------------------------------------------
<S> <C>
1 NAME OF REPORTING PERSON: BRYNWOOD PARTNERS II L.P.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(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 DELAWARE
ORGANIZATION:
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 278,001
OWNED BY
----------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
----------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 278,001
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 278,001
REPORTING PERSON:
- ---------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_]
SHARES:
- ---------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.7%
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
- ---------------------------------------------------------------------------------------------------------
2
<PAGE>
- -------------------------------------------------------- --------------------------------------
CUSIP No. 447324 10 4 13D
- -------------------------------------------------------- --------------------------------------
- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: BRYNWOOD MANAGEMENT II L.P.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT [_]
TO ITEM 2(d) OR 2(e):
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF DELAWARE
ORGANIZATION:
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 278,001
OWNED BY
----------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
----------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 278,001
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 278,001
REPORTING PERSON:
- ---------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [_]
SHARES:
- ---------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 4.7%
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
- ---------------------------------------------------------------------------------------------------------
3
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- -------------------------------------------------------- --------------------------------------
CUSIP No. 447324 10 4 13D
- -------------------------------------------------------- --------------------------------------
- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: HENDRIK J. HARTONG, JR.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
- ---------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: PF
- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT [_]
TO ITEM 2(d) OR 2(e):
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF UNITED STATES
ORGANIZATION:
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 53,012*
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
----------------------------------------------------------------------------------
8 SHARED VOTING POWER: 278,001
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9 SOLE DISPOSITIVE POWER: 53,012(*)
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10 SHARED DISPOSITIVE POWER: 278,001
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 331,013
REPORTING PERSON:
- ---------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [X]
SHARES:
Excludes 4,000 shares of Common Stock held by Hendrik
J. Hartong, Jr.'s children as to which Mr. Hartong disclaims
beneficial ownership.
- ---------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 5.6%
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------------------------------------------------------------------------------------------
- ----------------------
* INCLUDES 10,000 SHARES THAT MAY BE ACQUIRED UPON THE EXERCISE OF CURRENTLY
EXERCISABLE OPTIONS.
4
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- -------------------------------------------------------- --------------------------------------
CUSIP No. 447324 10 4 13D
- -------------------------------------------------------- --------------------------------------
- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: RICHARD T. NINER
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
- ---------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ---------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
- ---------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT [_]
TO ITEM 2(d) OR 2(e):
- ---------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF UNITED STATES
ORGANIZATION:
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 291,548*
SHARES
----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 278,001
OWNED BY
----------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 291,548(*)
REPORTING
----------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 278,001
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 569,549*
REPORTING PERSON:
- ---------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [X]
SHARES:
Excludes 2,500 shares of Common Stock held by Richard
T. Niner's children as to which Mr. Niner disclaims
beneficial ownership.
- ---------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 9.6%
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------------------------------------------------------------------------------------------
</TABLE>
- ------------------
* Includes 10,000 shares that may be acquired upon the exercise of currently
exercisable options.
5
<PAGE>
This Statement constitutes Amendment No. 12 to the Statement on
Schedule 13D (the "Schedule 13D") filed with the Securities and Exchange
Commission by Brynwood Partners II L.P., a Delaware limited partnership
("Brynwood II"), its general partner, Brynwood Management II L.P., a Delaware
limited partnership ("Brynwood Management II"), Hendrik J. Hartong, Jr. and
Richard T. Niner (collectively, the "Beneficial Owners"), with respect to the
Common Stock, no par value (the "Common Stock"), of Hurco Companies, Inc. (the
"Company").
Item 3. Source and Amount of Funds or Other Considerations.
The total amount required by Mr. Niner to effect the purchases,
described in paragraph (c) of Item 5 of this Amendment No. 12 was $975,010.57,
all of which was derived from Mr. Niner's personal funds.
Item 4. Purpose of the Transaction.
The purchases of shares of Common Stock by Mr. Niner reported in
paragraph (c) of Item 5 of this Amendment No. 12 were made solely for the
purpose of increasing Mr. Niner's equity position in the Company at prices
deemed favorable. Mr. Niner may purchase additional shares of Common Stock from
time to time in the open market or in privately negotiated transactions as and
when appropriate opportunities may arise.
Item 5. Interest in Securities of the Issuer.
(a)-(b) As of April 2, 1999, the Beneficial Owners beneficially
owned the following shares of Common Stock:
(i) Brynwood II is the direct owner of 278,001 shares of
Common Stock. The 278,001 shares represent approximately 4.7% of the 5,945,359
outstanding shares of Common Stock.
(ii) By virtue of being the general partner of Brynwood II,
Brynwood Management II is, for the purposes of this Schedule 13D, a beneficial
owner of all of the shares of Common Stock beneficially owned by Brynwood II.
(iii) Hendrik J. Hartong, Jr. is the direct owner of 53,012
shares of Common Stock (including 10,000 shares of Common Stock issuable upon
the exercise of non-qualified stock options that are currently exercisable). The
53,012 shares represent approximately 1.1% of the 5,945,359 outstanding shares
6
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of Common Stock. Mr. Hartong has sole voting and dispositive power over the
shares of Common Stock that he owns directly. Mr. Hartong disclaims beneficial
ownership with respect to an aggregate of an additional 4,000 shares of Common
Stock (less than .1%) held by his children, as to which he has no voting or
dispositive power. By virtue of being a partner of Brynwood Management II, Mr.
Hartong is, for purposes of this Schedule 13D, a beneficial owner of all of the
shares of Common Stock beneficially owned by Brynwood Management II. Mr. Hartong
has shared voting and dispositive power over the shares beneficially owned by
Brynwood II.
(iv) Richard T. Niner is the direct owner of 291,548 shares of
Common Stock (including 10,000 shares of Common Stock issuable upon the exercise
of non-qualified stock options that are currently exercisable). The 291,548
shares represent approximately 4.9% of the 5,945,359 outstanding shares of
Common Stock, and include the 216,746 shares purchased by Mr. Niner on March 31,
1999 and April 1, 1999, as described in paragraph (c) of this Item 5. Mr. Niner
has sole voting and dispositive power over the 291,548 shares that he owns
directly. Mr. Niner disclaims beneficial ownership with respect to an aggregate
of an additional 2,500 shares of Common Stock (less than .1%) held by his
children, as to which he has no voting or dispositive power. By virtue of being
a partner of Brynwood Management II, Mr. Niner is, for purposes of this Schedule
13D, a beneficial owner of all of the shares of Common Stock beneficially owned
by Brynwood Management II. Mr. Niner has shared voting and dispositive power
over the shares beneficially owned by Brynwood II.
(c) On March 31, 1999, Mr. Niner purchased in a single block
transaction in the open market 196,746 shares of Common Stock at a price of
$4.50 per share, plus a commission. On April 1, 1999, Mr. Niner purchased in a
single block transaction in the open market 20,000 shares of Common Stock at a
price of $4.00 per share, plus a commission. Except as set forth in this
paragraph (c), none of the Beneficial Owners has effected any transactions in
shares of Common Stock during the past sixty days.
(d) Not applicable.
(e) Not applicable.
7
<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: April 6, 1999
BRYNWOOD PARTNERS II L.P.
By: Brynwood Management II L.P.,
its General Partner
By: /s/ RICHARD T. NINER
---------------------------------
Richard T. Niner,
a Partner
8
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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: April 6, 1999
BRYNWOOD MANAGEMENT II L.P.
By: /s/ RICHARD T. NINER
---------------------------------
Richard T. Niner,
a Partner
9
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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: April 6, 1999
Hendrik J. Hartong, Jr.,
By: /s/ RICHARD T. NINER
---------------------------------
Richard T. Niner,
Attorney-in-Fact
10
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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: April 6, 1999
/s/ RICHARD T. NINER
---------------------------------
Richard T. Niner
11
