================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 11)
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)
JANUARY 15, 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.
================================================================================
<PAGE>
<TABLE>
<CAPTION>
- -------------------------------------------------------- --------------------------------------
CUSIP No. 447324 10 4 13D
- -------------------------------------------------------- --------------------------------------
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C>
1 NAME OF REPORTING PERSON: BRYNWOOD PARTNERS LIMITED
PARTNERSHIP
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 CONNECTICUT
ORGANIZATION:
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
----------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
----------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 0
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): 0%
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
- ---------------------------------------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------------- --------------------------------------
CUSIP No. 447324 10 4 13D
- -------------------------------------------------------- --------------------------------------
- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: BRYNWOOD MANAGEMENT
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 CONNECTICUT
ORGANIZATION:
- ---------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
----------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
----------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 0
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): 0%
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
- ---------------------------------------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------------- --------------------------------------
CUSIP No. 447324 10 4 13D
- -------------------------------------------------------- --------------------------------------
- ---------------------------------------------------------------------------------------------------------
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
- ---------------------------------------------------------------------------------------------------------
<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
- ---------------------------------------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------------- --------------------------------------
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: 52,912(*)
SHARES
----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 278,001
OWNED BY
----------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 52,912(*)
REPORTING
----------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 278,001
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 330,913
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 acquirable upon the exercise of currently exercisable
options.
<PAGE>
- -------------------------------------------------------- --------------------------------------
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:
- ---------------------------------------------------------------------------------------------------------
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: 74,802 (*)
SHARES
----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 278,001
OWNED BY
----------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 74,802 (*)
REPORTING
----------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 278,001
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 352,803
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): 5.9%
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------------------------------------------------------------------------------------------
- ----------------
*Includes 10,000 shares acquirable upon the exercise of currently exercisable
options.
<PAGE>
- -------------------------------------------------------- --------------------------------------
CUSIP No. 447324 10 4 13D
- -------------------------------------------------------- --------------------------------------
- ---------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: HN COMPANY, INC.
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: 0
OWNED BY
----------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
----------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 0
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): 0%
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
- ---------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
EXPLANATORY NOTE
This Statement constitutes Amendment No. 11 to the Schedule 13D
referred to below and amends and restates Amendment No. 10 to such Schedule 13D
in its entirety to include certain ownership information inadvertantly omitted
from Amendment No. 10.
This Statement constitutes Amendment No. 11 to the Statement on
Schedule 13D (the "Schedule 13D") filed with the Securities and Exchange
Commission by Brynwood Partners Limited Partnership, a Connecticut limited
partnership ("Brynwood I"), its general partner, Brynwood Management, a
Connecticut general partnership ("Brynwood Management"), 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"), the partners of Brynwood Management, Hendrik J. Hartong, Jr.,
Richard T. Niner and HN Company, Inc. ("HN Company"), a Delaware corporation
controlled by Messrs. Hartong and Niner, and the partners of Brynwood Management
II, Messrs. Hartong and Niner (collectively, the "Beneficial Owners"), with
respect to the Common Stock, no par value (the "Common Stock"), of Hurco
Companies, Inc. (the "Company"). This Statement constitutes the final filing on
Schedule 13D with respect to the Commission by Brynwood I, Brynwood Management
and HN Company, as such Beneficial Owners no longer own any shares of Common
Stock and each has been dissolved.
Item 5. Interest in Securities of the Issuer.
(a)-(b) As of January 15, 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 it 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
52,912 shares of Common Stock (including 10,000 shares of Common Stock issuable
upon the exercise of non-qualified stock options that are exercisable within 60
days). The 52,912 shares represent approximately .9% of the 5,945,359
outstanding shares of Common Stock, and include 30,442 shares distributed to Mr.
Hartong in connection with the dissolution of Brynwood I, Brynwood Management
and HN Company, as described in paragraph (c) of this Item 5. Mr. Hartong has
sole voting and dispositive power over such shares of Common Stock. 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 his being a partner of
Brynwood Management II, Mr. Hartong is, for purposes of this Schedule 13D, a
beneficial owner
9
<PAGE>
of all of the shares of Common Stock beneficially owned by Brynwood Management
II. Mr. Hartong has shared voting and dispositive power over such shares of
Common Stock.
(iv) Richard T. Niner is the direct owner of 74,802 shares
of Common Stock (including 10,000 shares of Common Stock issuable upon the
excercise of non-qualified stock options that are excercisable within 60 days).
The 74,802 shares represent approximately 1.3% of the 5,945,359 outstanding
shares of Common Stock, and include 30,442 shares distributed to Mr. Niner in
connection with the dissolution of Brynwood I, Brynwood Management and HN
Company, as described in paragraph (c) of this Item 5. Mr. Niner has sole voting
and dispositive power over such shares of Common Stock. 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 his 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 such
shares of Common Stock.
(c) On December 24, 1998, HN Company dissolved and its shareholders,
including Messrs. Hartong and Niner, succeeded to its partnership interest in
Brynwood Management. On January 15, 1998, Brynwood I distributed the 1,3901,000
shares of Common Stock that it owned to its partners, including 19,781 shares of
Common Stock to Brynwood Management, which in turn distributed such shares to
its partners. As partners of Brynwood I and Brynwood Management, each of Messrs.
Hartong and Niner received 24,468 shares of Common Stock from Brynwood I and
5,974 shares of Common Stock from Brynwood Management. Following the
distributions, Brynwood I and Brynwood Management were dissolved. Except as set
forth in this paragraph (c) of Item 5, none of the persons identified pursuant
to Item 2 above has effected any transactions in shares of Common Stock during
the past sixty days.
(d) Not applicable.
(e) As a result of the distributions described in paragraph (c) of
this Item 5, Brynwood I, Brynwood Management and HN Company no longer own any
shares of Common Stock, and accordingly, are no longer Beneficial Owners.
10
<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: January 25, 1999
BRYNWOOD PARTNERS II L.P.
By: Brynwood Management II,
its General Partner
By: /s/ Richard T. Niner
--------------------------------
Richard T. Niner
a Partner
11
<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: January 25, 1999
BRYNWOOD MANAGEMENT II L.P.
By: /s/ Richard T. Niner
--------------------------------
Richard T. Niner
a Partner
12
<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: January 25, 1999
/s/ Richard T. Niner
-----------------------------------
Hendrik J. Hartong, Jr., by
Richard T. Niner, Attorney-in-Fact
13
<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: January 25, 1999
/s/ Richard T. Niner
-------------------------------
Richard T. Niner
14
