SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-1)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 1)(1)
SYMPHONIX DEVICES, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
871951 109
(CUSIP Number)
Roger Radke
Siemens Audiologische Technik GmbH
Gebbertstrasse 125
D-91058 Erlangen
Federal Republic Of
Germany
011-49-9131-308-200
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Copy to:
Kenneth R. Meyers, Esq.
Siemens Corporation
153 East 53rd Street
New York, New York 10022
(212) 258-4000
September 21, 2000
(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 that 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. |_|
(Continued on following pages)
(Page 1 of __ Pages)
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<PAGE>
CUSIP No. [CUSIP] 13D Page of Pages
871951 109
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Siemens Audiologische Technik GmbH
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
WC
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Federal Republic of Germany
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF 2,026,062
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 2,026,062
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,026,062
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
CO
________________________________________________________________________________
2
<PAGE>
CUSIP No. [CUSIP] 13D Page of Pages
871951 109
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Siemens Aktiengesellschaft
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS
WC
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Federal Republic of Germany
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF 2,026,062
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
0
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 2,026,062
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,026,062
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
________________________________________________________________________________
14 TYPE OF REPORTING PERSON
CO
________________________________________________________________________________
3
<PAGE>
Item 1. Identity and Background
The directors and executive officers of Siemens Audiologische Technik GmbH
"SAT" and Siemens A.G. are set forth on Schedules I and II, respectively,
attached hereto. Schedules I and II set forth the following information with
respect to each such person:
i. name;
ii. business address (or residence address where indicated);
iii. present principal occupation or employment and the name, principal
business and address of any corporation or other organization in which
such employment is conducted; and
iv. citizenship.
During the last five years, neither SAT, Siemens A.G., nor any person named
in Schedule I or II attached hereto has been (a) convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) or (b) 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.
Item 2. Source and Amount of Funds or Other Consideration
The aggregate amount of funds used by SAT to purchase the shares of Common
Stock as described in Item 4 hereof was $5,000,000. SAT used funds from its
working capital to make the purchase.
Item 3. Purpose of Transaction
On September 21, 2000, pursuant to the Common Stock Purchase Agreement,
dated November 30, 1999 (the "Purchase Agreement") between SAT and the Issuer,
SAT purchased 1,026,062 shares of Common Stock for $5,000,000, or $4.873 per
share, in addition to the 1,000,000 shares of Common Stock previously purchased
by SAT pursuant to the Purchase Agreement. Under the
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<PAGE>
Purchase Agreement, SAT was obligated to purchase additional shares of Common
Stock in the event that, on or prior to April 30, 2001, the Issuer received
premarket approval from the United States Food and Drug Administration (the
"FDA") for the Issuer's Vibrant P and Vibrant D soundbridges. In such event, SAT
was obligated to purchase from the Issuer, for the aggregate price of
$5,000,000, the number of additional shares of Common Stock determined by
dividing $5,000,000 by the number equal to the average of the closing sales
price of the Common Stock for the forty trading days immediately preceding the
public announcement of FDA premarket approval for the Vibrant P and Vibrant D
soundbridges. On August 31, 2000, the Issuer publicly announced the premarket
approval by the FDA for the Vibrant P and Vibrant D soundbridges.
SAT purchased the Common Stock for the purpose of making an investment in
the Issuer and not with the present intention of acquiring control of the
Issuer's business.
Item 4. Interest in Securities of the Issuer
SAT purchased 1,026,062 newly-issued shares of Common Stock from the issuer
on September 21, 2000 for an aggregate purchase price of $5,000,000, in addition
to the 1,000,000 shares of Common Stock already owned by SAT. The Issuer has
advised Siemens that as of September 21, 2000 there were 14,458,832 shares of
Common Stock outstanding, including the 1,026,062 shares issued to SAT on
September 21, 2000. Based on that information, SAT owns approximately 14.0% of
the issued and outstanding shares of Common Stock. Except as described herein,
neither SAT, Siemens A.G. nor any other person referred to in Schedules I and II
attached hereto has acquired or disposed of any shares of Common Stock during
the past sixty days.
SAT has the sole right to vote or direct the vote and dispose or direct the
disposition of all the shares of Common Stock. No other person is known to have
the right to receive or the power to direct the receipt of dividends from, or
proceeds from the sale of, any of the Common Stock. Siemens A.G. through its
ownership of SAT, may be able to influence decisions concerning the exercise of
such power.
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<PAGE>
After reasonable inquiry and to the best of our knowledge and belief, we
certify that the information set forth in this Statement is true, complete and
correct.
September 28, 2000 SIEMENS AUDIOLOGISCHE TECHNIK GmbH
By: /s/ DR. ROGER RADKE
-------------------------------
Name: Dr. Roger Radke
Title: Managing Director
By: /s/ REIMAR FRIEDRICH
-------------------------------
Name: Reimar Friedrich
Title: Managing Director
SIEMENS AKTIENGESELLSCHAFT
By: /s/ GOETZ STEINHARDT
-------------------------------
Name: Goetz Steinhardt
Title: Vice President
Medical Engineering Group
By: /s/ DR. WOLFGANG MUELLER-HUSCHKE
-------------------------------
Name: Dr. Wolfgang Mueller-Huschke
Title: Corporate Legal Counsel
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<PAGE>
SCHEDULE I
The name and position of the executive officers and members of the board of
directors of Siemens Audiologische Technik GmbH are set forth below. Unless
otherwise noted, each of these persons is a citizen of the Federal Republic of
Germany.
<TABLE>
<CAPTION>
Name and Citizenship Position with SAT and Principal Occupation Business Address
-------------------- ------------------------------------------ ----------------
<S> <C> <C>
Dr. Klaus Kleinfeld Member of Management Board of SAT; Henkestrasse 127
Member of Management Board of D-91052 Erlangen
Medical Engineering Group of Siemens Federal Republic of Germany
AG
Mr. Gotz Steinhardt Member of Management Board of SAT; Henkestrasse 127
Member of Management Board of D-91052 Erlangen
Medical Engineering Group of Siemens Federal Republic of Germany
AG
Mr. Karl Heinz Midunsky Member of Management Board of SAT; Wittelsbacherplatz 2
Head of Corporate Department D-80333 Munich
"Financing, Companies and Risk Federal Republic of Germany
Transfer" of Siemens AG
Dr. Roger Radke Managing Director of SAT Gebbertstrasse 125
D-91058 Erlangen
Federal Republic of Germany
Mr. Raimar Friedrich Managing Director of SAT Gebbertstrasse 125
D-91058 Erlangen
Federal Republic of Germany
Mr. Herbert Wolf Officer, Head of Research and Gebbertstrasse 125
Development of SAT D-91058 Erlangen
Federal Republic of Germany
</TABLE>
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<PAGE>
Schedule II
The name and position of each of the executive officers and members of the
Managing Board of Directors of Siemens A.G. are set forth below. Each of these
persons is a Member of the Managing Board of Directors of Siemens AG and each of
these persons is a citizen of the Federal Republic of Germany.
<TABLE>
<CAPTION>
Position with Siemens A.G. and Principal
Name Occupation Business Address
---- ---------- ----------------
<S> <C> <C>
Dr. Heinrich von Pierer President and CEO, Wittelsbacherplatz 2
Head of Corporate Planning and Development D-80333 Munich
Department Federal Republic of
Germany
Dr. Volker Jung Special Responsibilities: Wittelsbacherplatz 2
Components, Information and D-80333 Munich
Communications Business Segments, Federal Republic of
Regions Africa, Middle East, C.I.S. Germany
Mr. Roland Koch Head of Information and Communication Hofmannstrasse 51
Networks Group D-81359 Munich
Federal Republic of
Germany
Dr. Edward G. Krubasik Special Responsibilities: Werner-von-Siemens-Strasse
Industry and Transportation Business 50
Segments D-91052 Erlangen
Federal Republic of
Germany
Rudi Lamprecht Group President of the Information and Hofmannstrasse 51
Communication Mobile Division of D-81359 Munich
Siemens AG Federal Republic of Germany
Mr. Heinz Joachim Neuburger Chief Financial Officer Wittelsbacherplatz 2
Head of Corporate Finance Department, D-80333 Munich
Special Responsibilities: Federal Republic of
Financial Services Germany
Prof. Peter Pribilla Head of Corporate Human Resources Wittelsbacherplatz 2
Department, D-80333 Munich
Special Responsibilities: Region the Federal Republic of
Americas Germany
</TABLE>
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<PAGE>
<TABLE>
<CAPTION>
Position with Siemens A.G. and Principal
Name Occupation Business Address
---- ---------- ----------------
<S> <C> <C>
Mr. Jurgen Radomski Special Responsibilities: Werner-von-Siemens-Strasse 50
Health Care and Lightning Business D-91052 Erlangen
Segments, Federal Republic of
Region Europe Germany
Dr. Uriel J. Sharef Special responsibilities: Werner-von-Siemens-Strasse 50
Power Generation Group D-91052 Erlangen
Power Transmission and Distribution Federal Republic of Germany
Group; Economic Region: South and
Central America
Dr. Claus Weyrich Head of Corporate Technology Department Otto-Hahn-Ring 6
D-81739 Munich
Federal Republic of
Germany
Dr. Gunther Wilhelm Special Responsibilities: Werner-von-Siemens-Strasse 50
Energy Business Segments, D-91052 Erlangen
Regions Asia, Australia Federal Republic of
Germany
Dr. Klaus Wucherer Head of Automation and Drives Group Gleiwitzerstrasse 555
D-90475 Nuremberg
Federal Republic of
Germany
</TABLE>
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