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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
International Electronics, Inc.
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(Name of Issuer)
Common Stock, $.01 par value per share
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(Title of Class of Securities)
459436507
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(CUSIP Number)
December 29, 2000
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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>
CUSIP No. 459436507 13G Page 2 of 7 Pages
-------------------- --- ---
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Steven Tannenbaum
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) /X/
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3. SEC Use Only
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4. Citizenship or Place of Organization United States
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5. Sole Voting Power 157,477
Number of
Shares ------------------------------------------------------------
Beneficially 6. Shared Voting Power 52,150
Owned by ------------------------------------------------------------
Each Reporting 7. Sole Dispositive Power 157,477
Person With ------------------------------------------------------------
8. Shared Dispositive Power 52,150
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
209,627
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10. Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) / /
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11. Percent of Class Represented by Amount in Row (9)
13.65 %
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12. Type of Reporting Person (See Instructions)
IN
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<PAGE>
CUSIP No. 459436507 13G Page 3 of 7 Pages
-------------------- --- ---
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Greenwood Capital Limited Partnership (05-0486774)
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) /X/
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3. SEC Use Only
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4. Citizenship or Place of Organization Massachusetts
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5. Sole Voting Power 157,477
Number of
Shares ------------------------------------------------------------
Beneficially 6. Shared Voting Power 0
Owned by ------------------------------------------------------------
Each Reporting 7. Sole Dispositive Power 157,477
Person With ------------------------------------------------------------
8. Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
157,477
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10. Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) / /
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11. Percent of Class Represented by Amount in Row (9)
10.25 %
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12. Type of Reporting Person (See Instructions)
PN
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<PAGE>
CUSIP No. 459436507 13G Page 4 of 7 Pages
-------------------- --- ---
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Greenwood Investments, Inc. (22-3147811)
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) / /
(b) /X/
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3. SEC Use Only
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4. Citizenship or Place of Organization Massachusetts
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5. Sole Voting Power 157,477
Number of
Shares ------------------------------------------------------------
Beneficially 6. Shared Voting Power 0
Owned by ------------------------------------------------------------
Each Reporting 7. Sole Dispositive Power 157,477
Person With ------------------------------------------------------------
8. Shared Dispositive Power 0
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
157,477
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10. Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions) / /
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11. Percent of Class Represented by Amount in Row (9)
10.25 %
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12. Type of Reporting Person (See Instructions)
CO
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<PAGE>
CUSIP No. 459436507 13G Page 5 of 7 Pages
-------------------- --- ---
ITEM 1.(a) NAME OF ISSUER
International Electronics, Inc.
ITEM 1.(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
427 Turnpike Street
Canton, Massachusetts 02021
ITEM 2.(a) NAME OF PERSONS FILING
Steven Tannenbaum is the president of Greenwood Investments, Inc.
("GI"), which is the general partner of Greenwood Capital Limited Partnership
("GCLP").
The above persons have agreed that this Schedule may be filed by
Steven Tannenbaum on behalf of all of them jointly pursuant to Rule 13d-1(k)(1).
A copy of such agreement is attached as an Exhibit to this Schedule.
ITEM 2.(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
The address for each of Steven Tannenbaum, GI and GCLP is 125 Country
Club Road, Newton, Massachusetts 02459.
ITEM 2.(c) CITIZENSHIP
The jurisdiction of organization of GI and GCLP is Massachusetts. Mr.
Tannenbaum is a United States citizen.
ITEM 2.(d) TITLE OF CLASS OF SECURITIES
Common Stock, $.01 par value per share
ITEM 2.(e) CUSIP NUMBER
459436507
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13d-1(b)
OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
N/A
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CUSIP No. 459436507 13G Page 6 of 7 Pages
-------------------- --- ---
ITEM 4. OWNERSHIP.
The information contained in Items 5-11 of the cover page is
incorporated herein by reference.
Mr. Tannenbaum holds 52,150 shares of Common Stock jointly with his
wife, and therefore has shared voting and investment power with respect to those
shares. GCLP holds 157,477 shares of Common Stock. As the president, sole
stockholder and sole director of GI, which is the sole general partner of GCLP,
Mr. Tannenbaum has sole voting and investment power with respect to the shares
held by GCLP.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
N/A
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
N/A
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
N/A
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
N/A
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
N/A
ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
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.
January 15, 2001
/s/ STEVEN TANNENBAUM
---------------------------
Steven Tannenbaum
<PAGE>
CUSIP No. 459436507 13G Page 7 of 7 Pages
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AGREEMENT
The undersigned hereby agree that this Schedule 13G to which this
Agreement is attached may be filed on behalf of Greenwood Capital Limited
Partnership, a Massachusetts limited partnership, Greenwood Investments, Inc., a
Massachusetts corporation, and Steven Tannenbaum, a United States citizen.
Dated: January 15, 2001
Greenwood Capital Limited Partnership
By: Greenwood Investments, Inc., its general partner
By: /s/ STEVEN TANNENBAUM
------------------------
Name: Steven Tannenbaum
Title: President
Greenwood Investments, Inc.
By: /s/ STEVEN TANNENBAUM
------------------------
Name: Steven Tannenbaum
Title: President
/s/ STEVEN TANNENBAUM
------------------------
Steven Tannenbaum
