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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
(RULE 13D-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO 13D-2(A)
(AMENDMENT NO. 1)*
COLORADO MEDTECH, INC.
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(NAME OF ISSUER)
COMMON STOCK, NO PAR VALUE
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(TITLE OF CLASS OF SECURITIES)
19652U 10 4
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(CUSIP NUMBER)
MICHAEL A. KING, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 5TH AVENUE
NEW YORK, NEW YORK 10153
(212) 310-8000
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(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO
RECEIVE NOTICES AND COMMUNICATIONS)
OCTOBER 19, 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 THAT IS THE SUBJECT OF THIS SCHEDULE 13D, AND IS FILING THIS
SCHEDULE BECAUSE OF RULE 13D-1(E), 13D-1(F) OR 13D-1(G), CHECK THE FOLLOWING BOX
|_|.
NOTE. SCHEDULES FILED IN PAPER FORMAT SHALL INCLUDE A SIGNED ORIGINAL AND FIVE
COPIES OF THE SCHEDULE, INCLUDING ALL EXHIBITS. SEE RULE 13D-7(B) FOR OTHER
PARTIES TO WHOM COPIES ARE TO BE SENT .
(CONTINUED ON FOLLOWING PAGES)
(PAGE 1 OF 4 PAGES)
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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 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).
NY2:\970984\06\KT7S06!.DOC\52154.0003
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<TABLE>
<CAPTION>
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<S> <C> <C> <C>
CUSIP No. 19652U 10 4 13D Page 2 of 4 pages
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1 NAME OF REPORTING PERSON: HEI, INC.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [_]
(B) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC, OO
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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: MINNESOTA
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NUMBER OF 7 SOLE VOTING POWER: 200
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 200
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: 1,214,300
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING 1,214,500
PERSON:
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 9.9%
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14 TYPE OF REPORTING PERSON: CO
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</TABLE>
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ITEM 4. PURPOSE OF TRANSACTION
Item 4 is hereby replaced in its entirety with the following:
HEI announced in a press release dated October 17, 2000 (the "Press
Release") that it no longer intends to commence an exchange offer for Colorado
MEDtech shares or solicit proxies for the removal and replacement of the current
board of directors of Colorado MEDtech. HEI cited negative market conditions,
the announcement of legal claims that may be asserted against Colorado MEDtech
and the continued refusal of Colorado MEDtech's board to discuss a sale or other
options to maximize shareholder value as being among the reasons for its
decision. A copy of the Press Release is attached hereto as Exhibit 1 and is
incorporated herein by reference.
HEI and Mr. Fant, Chairman and Chief Executive Officer, are considering
and discussing the possibility of unwinding the previously-reported sale and
transfer of Colorado MEDtech shares from Mr. Fant to HEI. Except as set forth
above, Mr. Fant has no present plans or intentions which would result in or
relate to any of the transactions described in subparagraphs (a) through (j) of
Item 4 of Schedule 13D.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
EXHIBIT NO. DESCRIPTION
1 Press Release, dated October 17, 2000.
3
<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.
Date: October 19, 2000
HEI, INC.
By:/s/ Donald R. Reynolds
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Name: Donald R. Reynolds
Title: President and Chief Operating Officer
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