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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)
NETFRAME SYSTEMS INCORPORATED
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(Name of Issuer)
COMMON STOCK, $0.001 PAR VALUE PER SHARE
(INCLUDING THE ASSOCIATED PREFERRED SHARE PURCHASE RIGHTS)
--------------------------------------------------------
(Title of Class of Securities)
64-1106109
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(CUSIP Number)
RODERIC W. LEWIS, MICRON TECHNOLOGY, INC., 8000 S. FEDERAL WAY,
P.O. BOX 6, BOISE, ID 83707-0006 (208) 368-4000
------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 28, 1997
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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(b)(3) or (4), check the following box [_]
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CUSIP NO. 64-1106109 SCHEDULE 13D PAGE 2 OF 4 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MICRON TECHNOLOGY, INC.
75-1618004
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS
4
N/A
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
5 ITEMS 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
STATE OF DELAWARE
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF -0-
SHARES ---------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
100% /1/
OWNED BY
---------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING -0-
PERSON ---------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
SEE ITEM 8 ABOVE
- --------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
100% of outstanding shares of Common Stock /1/
- --------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_]
12
N/A
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
100%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
CO
- ------------------------------------------------------------------------------
/1/ The Issuer was acquired on August 28, 1997 by Micron Electronics, Inc.
("Micron Electronics") pursuant to a merger of Payette Acquisition
Corporation ("Payette"), a wholly-owned subsidiary of Micron Electronics,
with and into the Issuer with the Issuer being the surviving corporation
upon the merger and thereby becoming a wholly-owned subsidiary of Micron
Electronics. Upon the merger of Payette and the Issuer, the separate
corporate existence of Payette ceased. Prior to the merger, Payette held
approximately 62.8% of the Issuer's Common Stock acquired pursuant to a
tender offer commenced by Payette which was consummated on July 18, 1997.
Micron Electronics is a majority-owned subsidiary of Micron Technology,
Inc.
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CUSIP NO. 64-1106109 SCHEDULE 13D PAGE 3 OF 4 PAGES
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Neither the filing of this Amendment No. 2 to the Schedule 13D and amendments
thereto, filed with the Securities and Exchange Commission on June 20, 1997 and
July 29, 1997 (as amended, this "STATEMENT") nor any of its contents shall be
deemed to constitute an admission by Micron Technology, Inc., a Delaware
corporation, that it is the beneficial owner of any of the Common Stock referred
to herein, for purposes of Section 13(d) of the Securities Exchange Act of 1934,
as amended, or for any other purpose, and such beneficial ownership is expressly
disclaimed.
This Amendment No. 2 to Schedule 13D constitutes a statement relating to
the acquisition on August 28, 1997 by Micron Electronics, Inc., a Minnesota
corporation ("Micron Electronics"), of all outstanding shares of Common Stock,
$0.001 par value per share, together with all associated rights (the "Shares")
of NetFRAME Systems Incorporated, a Delaware corporation (the "Issuer"), which
were not previously owned by Micron Electronics or any of its direct or indirect
subsidiaries. The acquisition was effected pursuant to a merger of Micron
Electronics' wholly-owned subsidiary, Payette Acquisition Corporation
("Payette") with and into the Issuer (the "Merger"). Because Micron is a
majority-owned subsidiary of Micron Technology, Inc., Micron Technology, Inc.
may be deemed to beneficially own the shares acquired pursuant to the Merger and
the Offer (as defined below).
The Merger constitutes the second and final step of the acquisition of the
Issuer by Micron. Pursuant to a tender offer (the "Offer") consummated on July
18, 1997, Payette acquired 8,775,554 Shares representing approximately 62.8%
of the Issuer's Common Stock on such date.
Item 5. Interest in Securities of the Issuer
The acquisition of NetFrame was effected on August 28, 1997 pursuant to
the Merger of Payette with and into the Issuer, with the Issuer being the
surviving corporation (the "Surviving Corporation") upon the Merger and
thereby becoming a wholly-owned subsidiary of Micron Electronics. The
Merger was consummated following approval by the stockholders of the
Issuer at a Special Meeting of Stockholders held August 27, 1997.
Prior to the Merger, Payette held approximately 62.8% of the shares of
Common Stock of the Issuer acquired by Payette upon consummation of the
Offer on July 18, 1997. As a result of the Merger, Micron Electronics became
the beneficial owner of 100% of the Issuer's Common Stock. Pursuant to the
Merger, each of the outstanding Shares not held by Micron Electronics,
Payette or any other subsidiary of Micron Electronics (other than those
shares held by former NetFrame stockholders who have demanded and
perfected any appraisal rights they may have under Delaware law) was
converted into the right to receive $1.00, in cash without interest.
Following the effective time of the Merger on August 28, 1997, the
separate corporate existence of Payette ceased and each outstanding share
of capital stock of Payette was converted into one share of Common Stock
of the Surviving Corporation. Each share of the Issuer's Common Stock
owned by Micron Electronics, Payette or any other subsidiary of Micron
Electronics was automatically canceled and retired. The registration of
the Issuer's Common Stock under Section 12 of the Securities and Exchange
Act of 1934, as amended, was terminated by the Issuer pursuant to a Form
15 filed with the Commission on August 29, 1997.
In connection with Offer and the Merger, Micron Electronics was granted an
option to purchase Shares representing a 19.9% equity stake in Issuer
pursuant to a Stock Option Agreement, which agreement terminated upon
consummation of the Offer.
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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.
September 8, 1997 Micron Technology, Inc.
By: /s/ Roderic W. Lewis
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Name: Roderic W. Lewis
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Title: Vice President of Legal Affairs,
General Counsel and
Corporate Secretary
