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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. )*
IEC Electronics Corp.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
44949L105
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(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ].
(A fee is not required only if the filing 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.)
*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 the
disclosures provided in a prior cover page.
The information required in 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 1 of 4 pages
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CUSIP NO. 44949L105 13G PAGE 2 OF 4 PAGES
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Capital Technology Inc.
Tax ID No. 56-1351474
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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) CITIZENSHIP OR PLACE OF ORGANIZATION
Charlotte, NC (USA)
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(5) SOLE VOTING POWER
273,720
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NUMBER OF (6) SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY --------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 557,520
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(8) SHARED DISPOSITIVE POWER
0
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
557,520
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.4%
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(12) TYPE OF REPORTING PERSON*
IA
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 4 pages
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SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
ITEM 1(a). Name of Issuer:
IEC Electronics Corp.
ITEM 1(b). Address of Issuer's Principal Executive Offices:
105 Norton Street
Newark, NY 14513
ITEM 2(a) Name of Person Filing:
Capital Technology Inc.
ITEM 2(b) Address of Principal Business Office or, if none, Residence:
8314 Pineville-Matthews Rd., Suite 295
Charlotte, NC 28226
ITEM 2(c) Citizenship:
Charlotte, NC (USA)
ITEM 2(d) Title of Class of Securities:
Common Stock
ITEM 2(e) CUSIP Number:
44949L105
ITEM 3(a) [ ] Broker or Dealer registered under Section 15 of the Act
ITEM 3(b) [ ] Bank as defined in section 3(a)(6) of the Act
ITEM 3(c) [ ] Insurance Company as defined in section 3(a)(19) of the act
ITEM 3(d) [ ] Investment Company registered under section 8 of the
Investment Company Act
ITEM 3(e) [X] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
ITEM 3(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act
of 1974 or Endowment Fund; see sec.240.13d-1(b)(1)(ii)(F)
ITEM 3(g) [ ] Parent Holding Company, in accordance with
sec.240.13d-1(b)(ii)(G) (Note: See Item 7)
ITEM 3(h) [ ] Group, in accordance with sec.240.13d-1(b)(1)(ii)(H)
ITEM 4. OWNERSHIP
If the percent of the class owned, as of December 31 of the year covered
by the statement, or as of the last day of any month described in Rule
13d-1(b)(2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a right to
acquire.
(a) Amount Beneficially Owned: 557,520
(b) Percent of Class: 7.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 273,720
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of: 557,520
(iv) shared power to dispose or to direct the disposition of: 0
Instruction: For computations regarding securities which represent a right to
acquire an underlying security see Rule 13d-3(d)(1).
Page 3 of 4 pages
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
NOT APPLICABLE
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
NOT APPLICABLE
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
NOT APPLICABLE
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
NOT APPLICABLE
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
NOT APPLICABLE
ITEM 10. CERTIFICATION
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.
1-28-99
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Date
/s/ Katy Y. Slakman
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Signature
Katy Y. Slakman, VP
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Name/Title
Page 4 of 4 pages
