UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
NetOptix Corporation (formerly known as Galileo Corporation)
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
363544107
----------------
(CUSIP Number)
Andlinger Capital XIII LLC
105 Harbor Drive
Stamford, CT 06902
Attention: Stephen A. Magida
(203) 348-6690
with a copy to:
Paul Gluck, Esq.
Dechert Price & Rhoads
30 Rockefeller Plaza
New York, New York 10112
(212) 698-3552
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
December 17, 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.
Note: Six copies of this statement, including all exhibits, should be
filed with the Commission. See Rule 13d-7(b) for other parties to whom copies
are to be sent.
*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>
SCHEDULE 13D
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gerhard R. Andlinger
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
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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) [ ]
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER 7) SOLE VOTING POWER
OF 0 shares
SHARES ---------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY See Item 5
EACH ---------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 0 shares
WITH ---------------------------------------------------------
10) SHARED DISPOSITIVE POWER
See Item 5
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11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See Item 5
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
See Item 5
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14) TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Andlinger Capital XIII LLC
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ](b) [X]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
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4) SOURCE OF FUNDS*
00
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5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
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NUMBER 7) SOLE VOTING POWER
OF 0
SHARES ---------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 4,000,000 shares
EACH ---------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 0
WITH ---------------------------------------------------------
10) SHARED DISPOSITIVE POWER
4,000,000 shares
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,000,000 shares
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12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
32.7%
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14) TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 3 -
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stephen A. Magida
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ] (b) [X]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS*
00
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(E) [ ]
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER 7) SOLE VOTING POWER
OF See item 5
SHARES ---------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY See item 5
EACH ---------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON See item 5
WITH ---------------------------------------------------------
10) SHARED DISPOSITIVE POWER
See item 5
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See item 5
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
See item 5
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 4 -
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Charles E. Ball
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
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4) SOURCE OF FUNDS*
[00]
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(E)
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER 7) SOLE VOTING POWER
OF 0
SHARES ---------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY See item 5 of 13D Amendment No. 1
EACH ---------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 0
WITH ---------------------------------------------------------
10) SHARED DISPOSITIVE POWER
See item 5 of 13D Amendment No. 1
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See item 5 of 13D Amendment No. 1
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
See item 5 of 13D Amendment No. 1
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
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<PAGE>
SCHEDULE 13D
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1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John P. Kehoe
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS*
[00]
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(E)
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER 7) SOLE VOTING POWER
OF 0
SHARES ---------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY See item 5 of 13D Amendment No. 1
EACH ---------------------------------------------------------
REPORTING 9) SOLE DISPOSITIVE POWER
PERSON 0
WITH ---------------------------------------------------------
10) SHARED DISPOSITIVE POWER
See item 5 of 13D Amendment No. 1
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
See item 5 of 13D Amendment No. 1
- --------------------------------------------------------------------------------
12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
See item 5 of 13D Amendment No. 1
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 6 -
<PAGE>
This Amendment No. 2 to Schedule 13D (this "Amendment No. 2") amends
and supplements the Schedule 13D filed with the Securities and Exchange
Commission on December 31, 1998 (the "Original 13D"), and as amended by
Amendment No. 1, dated October 6, 1999 ("13D Amendment No. 1") on behalf of
Andlinger Capital XIII LLC ("Andlinger Capital"), Gerhard R. Andlinger, Stephen
A. Magida, Charles E. Ball and John P. Kehoe (the "Schedule 13D Filing").
Capitalized terms used herein without definition shall have the respective
meanings ascribed thereto in the Schedule 13D Filing, as heretofore amended.
Item 3. Source and Amount of Funds or other Consideration
On December 17, 1999 Gerhard R. Andlinger executed a Transfer instrument, a
copy of which has been filed as an exhibit to this Amendment No. 2, providing
for the transfer of his interest in Andlinger Capital to Stephen A. Magida, as
trustee under the Gerhard R. Andlinger Intangible Asset Management Trust, dated
as of December 29, 1997 (the "Trust"). On or about December 17, 1999, Mr.
Andlinger also transferred 171,465 shares of Common Stock held by him
individually to the Trust. The transfers were effected for no consideration. The
interest in Andlinger Capital transferred by Gerhard R. Andlinger to the Trust
included the right to direct the voting and disposition of the shares of Common
Stock held by Andlinger Capital (including shares which might be issued upon
exercise of the Warrant held by Andlinger Capital). Under the terms of the
Trust, Mr. Magida, as trustee, is granted authority which includes direct and
indirect voting and dispositive power with respect to the shares of Common Stock
and Warrants held or to be held by Andlinger Capital, as well as the 171,465
shares of Common Stock previously held by Gerhard R. Andlinger and transferred
to the Trust. Mr. Andlinger is the sole beneficiary under the Trust.
ITEM 4. PURPOSE OF TRANSACTION
The transfer was effected to accomplish personal estate and tax
planning objectives of Mr. Andlinger. At this time, the Reporting Persons have
no present intention of acquiring additional shares of the Issuer, although each
Reporting Person reserves the right to make additional purchases from time to
time. Any decision to make such additional purchases will depend, however, on
various factors, including, without limitation, the price of the common stock,
stock market conditions and the business prospects of the Issuer. The Reporting
Persons, individually or as a group, have no present intention or arrangements
or understandings to effect any of the transactions listed in Item 4(a)-(j) of
Schedule 13D. Certain of the Reporting Persons are directors and/or officers of
the Issuer, and may in the exercise of their duties as officers and/or directors
of the Issuer, from time to time, consider one or more of such transactions.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Based on the Issuer's Quarterly Report filed on Form 10-Q for the
period ended June 30, 1999, there are issued and outstanding 10,210,034 shares
of Common Stock. In his capacity as trustee of the Trust, Mr. Magida
beneficially owns and has the sole power to vote or direct the vote of, and the
sole power to dispose or direct the disposition of, 4,171,465 shares of Common
Stock consisting of 4,000,000 shares of Common Stock held by Andlinger Capital
(of which 1,000,000 shares are attributable to the unexercised portion of the
Warrants) and 171,465 shares of Common Stock previously held by Mr. Andlinger
individually. Mr. Magida, in his
- 8 -
<PAGE>
capacity as manager of Andlinger Capital also has shared power to vote or direct
the vote of, and shared power to dispose or direct the disposition of, 4,000,000
of such shares of Common Stock held by Andlinger Capital (of which 1,000,000
shares are attributable to the unexercised portion of the Warrants). In
addition, Mr. Magida beneficially owns and has the sole power to vote or direct
the vote of, and the sole power to dispose or direct the disposition of, 28,000
shares of Common Stock held by Mr. Magida as trustee of the trusts referred to
in Item 5 of the Schedule 13D Filing, which together with the 4,171,465 shares
set forth in the second sentence of this Item 5 of this Amendment No. 2,
represents 37.5% of the issued and outstanding shares of Common Stock (including
as outstanding for determining such percentage shares of Common Stock issuable
upon exercise of the unexercised portion of the Warrants ).
Mr. Andlinger, in his capacity as a controlling person of ANC
Management Corp. beneficially owns and has shared power to vote or direct the
vote of, and shared power to dispose or direct the disposition of, 100,000
shares of Common Stock attributable to the Options (as described in 13D
Amendment No. 1), representing 1.0% of the issued and outstanding shares of
Common Stock (including as outstanding for determining such percentage, shares
of Common Stock issuable upon exercise of the Options). By virtue of Mr.
Andlinger's relationship with the trustee of the Trust, Mr. Andlinger could be
deemed to be a beneficial owner (within the meaning of Rule 13d-3 of the
Securities and Exchange Act of 1934, as amended) of 4,171,465 shares of Common
Stock held by the Trust. Nothing in this Schedule 13D Filing shall be deemed an
admission that Gerhard R. Andlinger is the beneficial owner of 4,171,465 shares
of Common Stock held by the Trust.
- 9 -
<PAGE>
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
EXHIBIT XI Transfer Instrument
EXHIBIT XII Joint Filing Agreement dated as of December 17, 1999
among Andlinger Capital XIII LLC, Gerhard R.Andlinger,
Stephen A. Magida, Charles E. Ball and John P. Kehoe.
- 10 -
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of knowledge and belief of the
Reporting Persons, the Reporting Persons certify that the information set forth
in this statement is true, complete and correct.
Date: 12/17/99 ANDLINGER CAPITAL XIII LLC
By: /s/ Stephen A. Magida
------------------------
Name: Stephen A. Magida
Title: Manager
By: /s/ Gerhard R. Andlinger
-------------------------
Gerhard R. Andlinger
By: /s/ Stephen A. Magida
-------------------------
Stephen A.Magida
By: /s/ Charles E. Ball
-------------------------
Charles E. Ball
By: /s/ John P. Kehoe
-------------------------
John P. Kehoe
- 11 -
<PAGE>
EXHIBIT XI
TRANSFER
I, Gerhard R. Andlinger, hereby transfer all of my right, title and
interest in Andlinger Capital XIII LLC (the "LLC") to the Gerhard R. Andlinger
Intangible Asset Management Trust U/A 12/29/97 (the "Trust") and certify that I
obtained the consent of all of the Members of the LLC pursuant to Section 6.01
of the Operating Agreement of the LLC dated as of December 14, 1998.
Date: December 17, 1999
/s/ Gerhard R. Andlinger
------------------------
Gerhard R. Andlinger
<PAGE>
EXHIBIT XII
JOINT FILING AGREEMENT
The undersigned agree, in accordance with Rule 13d-1(f) under the
Securities and Exchange Act of 1934, as amended, to jointly file with the
Securities and Exchange Commission Amendment No. 2 to the Schedule 13D filed on
December 31, 1998 on behalf of the undersigned, and any subsequent amendments
thereto.
Dated: December 17, 1999
ANDLINGER CAPITAL XIII LLC
By: /s/ Stephen A. Magida
-------------------------
Name: Stephen A. Magida
Title: Manager
By: /s/ Gerhard R. Andlinger
-------------------------
Gerhard R. Andlinger
By: /s/ Stephen A. Magida
-------------------------
Stephen A. Magida
By: /s/ Charles E. Ball
-------------------------
Charles E. Ball
By: /s/ John P. Kehoe
-------------------------
John P. Kehoe
