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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13D
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
MICROWAVE POWER DEVICES, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
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(Title of Class of Securities)
59517M103
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(CUSIP Number)
ALFRED WEBER
MICROWAVE POWER DEVICES, INC.
49 WIRELESS BOULEVARD
HAUPPAUGE, NEW YORK 11788-3935
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
OCTOBER 12, 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 which 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
[ ]
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<TABLE>
<CAPTION>
SCHEDULE 13D
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CUSIP NO. 59517M103 PAGE 2 OF 11 PAGES
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<S> <C>
1 NAME OF REPORTING PERSONS
CHARTER TECHNOLOGIES LIMITED LIABILITY COMPANY
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[x]
(b)[ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
AF OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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7 SOLE VOTING POWER
5,139,994
NUMBER OF ---------------------------------------------------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY NONE
EACH -------------------------------------------------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON WITH
5,139,994
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10 SHARED DISPOSITIVE POWER
NONE
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,139,994
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
48.00%
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14 TYPE OF REPORTING PERSON
OO
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</TABLE>
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<TABLE>
<CAPTION>
SCHEDULE 13D
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CUSIP NO. 59517M103 PAGE 3 OF 11 PAGES
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<S> <C>
1 NAME OF REPORTING PERSONS
GEORGE SBORDONE
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[x]
(b)[ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF; OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
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7 SOLE VOTING POWER
NUMBER OF 306,825
SHARES ---------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH NONE
REPORTING ---------------------------------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
306,825
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10 SHARED DISPOSITIVE POWER
NONE
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
344,325
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.20%
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14 TYPE OF REPORTING PERSON
IN
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</TABLE>
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<TABLE>
<CAPTION>
SCHEDULE 13D
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CUSIP NO. 59517M103 PAGE 4 OF 11 PAGES
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<S> <C>
1 NAME OF REPORTING PERSONS
JAMES SILVER
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[x]
(b)[ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
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7 SOLE VOTING POWER
NUMBER OF 187,500
SHARES ---------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH NONE
REPORTING ---------------------------------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
187,500
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10 SHARED DISPOSITIVE POWER
NONE
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
206,250
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.92%
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14 TYPE OF REPORTING PERSON
IN
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</TABLE>
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<TABLE>
<CAPTION>
SCHEDULE 13D
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CUSIP NO. 59517M103 PAGE 5 OF 11 PAGES
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<S> <C>
1 NAME OF REPORTING PERSONS
ALFRED WEBER
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[x]
(b)[ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
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7 SOLE VOTING POWER
NUMBER OF 35,100
SHARES ----------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH NONE
REPORTING ---------------------------------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
35,100
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10 SHARED DISPOSITIVE POWER
NONE
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
135,100
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.25%
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14 TYPE OF REPORTING PERSON
IN
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</TABLE>
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<TABLE>
<CAPTION>
SCHEDULE 13D
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CUSIP NO. 59517M103 PAGE 6 OF 11 PAGES
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<S> <C>
1 NAME OF REPORTING PERSONS
LEE LEONG
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[x]
(b)[ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES OF AMERICA
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7 SOLE VOTING POWER
NUMBER OF 68,181
SHARES ---------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH NONE
REPORTING ---------------------------------------------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
68,181
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10 SHARED DISPOSITIVE POWER
NONE
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
75,681
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.71%
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14 TYPE OF REPORTING PERSON
IN
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</TABLE>
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ITEM 1. SECURITY AND ISSUER.
The name of the issuer is Microwave Power Devices, Inc., a Delaware
corporation (the "Company"). The address of the Company's principal executive
offices is 49 Wireless Boulevard, Hauppauge, New York 11788-3935. The telephone
number of the principal executive offices of the Company is (631) 231-1400. The
title of the class of equity securities to which this Schedule 13D ("Schedule
13D") relates is the common stock, par value $0.01 per share (the "Common
Stock") of the Company (the "Shares").
ITEM 2. IDENTITY AND BACKGROUND.
Charter Technologies Limited Liability Company
Charter Technologies Limited Liability Company is a limited liability
company organized in the state of Delaware. Its principal business is to invest
in the equity ownership of the Company and certain other technology companies.
The address of its principal business and principal office is c/o The
Prentice-Hall Corporation System, Inc, 2711 Centreville Road, Suite 400,
Wilmington Delaware 19808.
George Sbordone, James Silver, Lee Leong and Alfred Weber
<TABLE>
<CAPTION>
Name Present Employment and Principal Business Address Where Employment Citizenship
---- Conducted -----------
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<S> <C> <C>
George Sbordone President Defense Technologies, Incorporated which has a business United States
address c/o Charterhouse Group International, Inc., 535 Madison Avenue,
New York New York 10022-4299
James Silver Senior Vice President of Charterhouse Group International, Inc which has United States
a business address at 535 Madison Avenue, New York New York 10022-4299
Lee Leong Vice President Defense Technologies, Incorporated which has a business United States
address c/o Charterhouse Group International, Inc., 535 Madison Avenue,
New York New York 10022-4299
Alfred Weber Chairman, Chief Executive Officer and President of the Company which has United States
a business address at 49 Wireless Boulevard, Hauppauge New York
11788-0712
</TABLE>
Charter Technologies Limited Liability Company, George Sbordone,
James Silver, Lee Leong and Alfred Weber (collectively, the "Reporting Persons")
each have not during the last five years (i) been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) or (ii) been a
party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, Federal or State securities laws or finding any
violation with respect to such laws.
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<PAGE> 8
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Charter Technologies Limited Liability Company purchased its shares
of Common Stock by expending amounts received through capital contributions from
its members. Mr. George Sbordone has purchased his shares of Common Stock by
expending amounts received from a loan from the Company and from his personal
funds. Mr. Sbordone has pledged all of his shares of Common Stock to the Company
to secure such indebtedness. Such indebtedness is payable upon sale of the
Company. Messrs. Silver, Leong and Weber purchased their respective shares of
Common Stock by expending amounts from their personal funds.
ITEM 4. PURPOSE OF TRANSACTION.
Responses to Item. 4(a)-(j) are set forth below:
MERGER AGREEMENT
On October 12, 2000, the Company, Ericsson MPD Acquisition Corp., a
Delaware corporation ("Purchaser"), and Ericsson Inc., a Delaware corporation
("Parent") entered into an Agreement and Plan of Merger (the "Merger
Agreement"). The Merger Agreement provides, among other things, for the
commencement of a cash tender offer (the "Offer") to acquire all outstanding
shares of the Company's common stock, par value $.01 per share (the "Shares")
for $8.70 per share (such award, or any greater amount per Share paid pursuant
to the Offer, being the "Per Share Amount") by Purchaser and further provides
that, as promptly as practicable after the satisfaction or, if permissible,
waiver of the conditions set forth in the Merger Agreement, and in accordance
with the relevant provisions of the General Corporation Law of the State of
Delaware ("DGCL"), Purchaser will be merged with the Company (the "Merger"),
with the Company continuing as the surviving corporation and as a direct wholly
owned subsidiary of Parent. At the effective time of the Merger, all Shares not
tendered in the Offer (other than Shares held in the treasury of the Company
and Shares held by Parent, Purchaser or any direct or indirect wholly owned
subsidiary of Parent or of the Company or shares held by stockholders, if any,
who have properly exercised appraisal rights for such Shares in accordance with
Section 262 of the DGCL) will be converted into the right to receive the Per
Share Amount (subject to applicable withholding taxes), without interest.
The foregoing discussion of the Merger Agreement is qualified in its
entirety by reference to the Merger Agreement filed with this Schedule 13D as
Exhibit 1 and incorporated herein by reference.
STOCKHOLDERS' AGREEMENT
Parent and Purchaser have entered into a Stockholders' Agreement,
dated as of October 12, 2000 (the "Stockholders" Agreement") with the Reporting
Persons, pursuant to which, among other things, the Reporting Persons have
agreed to (i) tender their Shares after commencement of the Offer (which Shares
currently represent in the aggregate approximately 50.6% of the outstanding
Shares on a fully diluted basis (after taking into account all Shares issuable
upon conversion of shares of Company preferred stock or any other convertible
securities or upon the exercise of any vested options, warrants or rights)),
(ii) vote such Shares in favor of the Merger and (iii) grant Purchaser an option
to purchase such Shares at the Per Share Amount upon terms and subject to the
conditions set forth in the Stockholders' Agreement.
The foregoing discussion of the Stockholders' Agreement is qualified
in its entirety by reference to the Stockholders Agreement filed with this
Schedule 13D as Exhibit 2 and incorporated herein by reference.
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RELATED FILINGS
On October 20, 2000, Purchaser, Parent and Telefonaktiebolaget LM
Ericsson (Publ) filed, among other items, its Tender Offer Statement on Schedule
TO ("Schedule TO") and the related Letter of Transmittal ("Letter of
Transmittal") and Offer to Purchase ("Offer to Purchase") with the Securities
and Exchange Commission relating to the Offer. A copy of the Offer to Purchase
is filed as Exhibit 3 to this Schedule 13D. For a discussion concerning the
possible effects of the Offer on the listing of the Common Stock on a national
securities exchange and quotation in an inter-dealer quotation system of a
registered national securities association and registration pursuant to the
Securities Exchange Act of 1934, as amended, see section of the Offer to
Purchase titled "Possible Effects of the Offer and Market for Shares, Margin
Regulations and Exchange Act Registration" which section is incorporated herein
by reference. On October 20, 2000, the Company filed its
Solicitation/Recommendation Statement on Schedule 14D-9 ("Schedule 14D-9") and
accompanying Information Statement pursuant to Section 14(f) of the Securities
Exchange Act of 1934 and Rule 14f-1 thereunder ("Information Statement") with
the Securities and Exchange Commission relating to the Offer. Copies of the
Schedule 14D-9 and Information Statement are filed as Exhibits 4 and 5,
respectively, to this Schedule 13D and each is incorporated herein by reference.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a)-(b) Charter Technologies Limited Liability Company is the
beneficial owner of 5,139,994 shares of Common Stock representing 48.00% of the
total outstanding Common Stock. George Sbordone is the beneficial owner of
344,325 shares of Common Stock (of which 37,500 shares of Common Stock are
issuable upon the exercise of fully vested options) representing 3.20% of the
total outstanding Common Stock. James Silver is the beneficial owner of 206,250
shares of Common Stock (of which 18,750 shares of Common Stock are issuable upon
the exercise of fully vested options) representing 1.92% of the total
outstanding Common Stock. Alfred Weber is the beneficial owner of 135,100 shares
of Common Stock (of which 100,000 shares of Common Stock are issuable upon the
exercise of options which will vest within 60 days from the date hereof)
representing 1.25% of the total outstanding Common Stock. Lee Leong is the
beneficial owner of 75,681 shares of Common Stock (of which 7,500 shares of
Common Stock are issuable upon the exercise of fully vested options)
representing 0.71% of the total outstanding Common Stock. Each of the Reporting
Persons has sole voting power with respect to each share of Common Stock
respectively owned by each such person. Each of the Reporting Persons has the
sole power to dispose of each share of Common Stock respectively owned by each
such person.
(c) None.
(d) None.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
See information set forth in response to Item 3. to this Schedule 13D
which information is incorporated herein by reference in response hereto.
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<PAGE> 10
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit No. Description
1. Agreement and Plan of Merger, dated October 12, 2000, among
Parent, Purchaser and the Company (incorporated herein by reference to Exhibit
3. to the Schedule 14D-9 filed by the Company on October 20, 2000 with the
Securities and Exchange Commission (the "Schedule 14D-9")).
2. Stockholders' Agreement, dated October 12, 2000, among the
several stockholders of the Company that are parties thereto, Parent and
Purchaser (incorporated herein by reference to Exhibit 4. to the Schedule
14D-9).
3. Offer to Purchase, dated October 20, 2000 (incorporated
herein by reference to Exhibit 1. to the Schedule 14D-9).
4. Solicitation/Recommendation Statement on Schedule 14D-9
(incorporated herein by reference to Solicitation/Recommendation Statement on
Schedule 14D-9 filed by the Company on October 20, 2000 with the Securities and
Exchange Commission).
5. Information Statement pursuant to Section 14f-1 of the
Exchange Act, dated October 20, 2000 (incorporated herein by reference to
Exhibit 5. to the Schedule 14D-9).
6. Joint Filing Agreement, dated October 24, 2000, by each of
the Reporting Persons pursuant to Rule 13d-1(k)(1).
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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: October 24, 2000
CHARTER TECHNOLOGIES LIMITED LIABILITY COMPANY
By: /s/ A. Lawrence Fagan
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Name: A. Lawrence Fagan
Title:
/s/ George Sbordone
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GEORGE SBORDONE
/s/ James Silver
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JAMES SILVER
/s/ Lee Leong
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LEE LEONG
/s/ Alfred Weber
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ALFRED WEBER
11
