================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 13)
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)
OCTOBER 29, 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.
================================================================================
NY2:\852073\01\$9GP01!.DOC\53459.0004
<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
<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: 68,012(*)
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
----------------------------------------------------------------------------------
8 SHARED VOTING POWER: 278,001
----------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER: 68,012(*)
----------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER: 278,001
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 346,013(*)
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): 5.8%
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------------------------------------------------------------------------------------------
- ----------------------
* INCLUDES 25,000 SHARES THAT MAY BE ACQUIRED UPON THE EXERCISE OF CURRENTLY
EXERCISABLE OPTIONS.
4
<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: 401,548(*)
SHARES
----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 278,001
OWNED BY
----------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 401,548(*)
REPORTING
----------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 278,001
- ---------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 679,549(*)
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): 11.4%
- ---------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
- ---------------------------------------------------------------------------------------------------------
</TABLE>
- ------------------
* Includes 25,000 shares that may be acquired upon the exercise of currently
exercisable options.
5
<PAGE>
This Statement constitutes Amendment No. 13 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 since the date of Amendment No. 12 to the Schedule 13D was $345,625,
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 since
the date of Amendment No. 12 to the Schedule 13D 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 November 17, 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 5,950,859 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 68,012
shares of Common Stock (including 25,000 shares of
Common Stock issuable upon the exercise of
non-qualified stock options that are currently
exercisable). The 68,012 shares represent
approximately .9% of the 5,950,859 outstanding shares
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
6
<PAGE>
shared voting and dispositive power over the shares
beneficially owned by Brynwood II.
(iv) Richard T. Niner is the direct owner of 401,541
shares of Common Stock (including 25,000 shares of
Common Stock issuable upon the exercise of
non-qualified stock options that are currently
exercisable). The 401,548 shares represent
approximately 6.7% of the 5,950,859 outstanding
shares of Common Stock. Mr. Niner has sole voting and
dispositive power over the 401,548 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 October 29, 1999, Mr. Niner purchased in a single
block transaction in the open market 50,000 shares of Common Stock at a price of
$3.50 per share, plus a commission. On each of November 10, 1999, November 15,
1999 and November 17, 1999, Mr. Niner purchased in a single block transaction in
the open market 5,000 shares of Common Stock at a price of $3.375 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: November 19, 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
<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: November 19, 1999
BRYNWOOD MANAGEMENT II L.P.
By: /s/ Richard T. Niner
----------------------------
Richard T. Niner,
a Partner
9
<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: November 19, 1999
Hendrik J. Hartong, Jr.,
By: /s/ Richard T. Niner
----------------------------
Richard T. Niner,
Attorney-in-Fact
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: November 19, 1999
/s/ Richard T. Niner
------------------------------
Richard T. Niner
11
