SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
PRAEGITZER INDUSTRIES, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
739422103
(CUSIP Number)
Mark H. Swartz
Executive Vice President
c/o Tyco International (US) Inc.
One Tyco Park
Exeter, NH 03833
(603) 778-9700
(Name, Address and Telephone Number of
Person Authorized to Receive Notices
and Communications)
October 26, 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: / /
Page 1 of 11 pages
Exhibit Index appears on page 9
<PAGE>
SCHEDULE 13D
CUSIP No. 739422103 Page 2 of 11 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Tyco International Ltd.
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) /__/ (b) /X/
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
AF
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
/__/
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
(See Item 5)
NUMBER --------------------------------------------------------
OF 8) SHARED VOTING POWER
SHARES (See Item 5)
BENEFICIALLY --------------------------------------------------------
OWNED BY 9) SOLE DISPOSITIVE POWER
EACH (See Item 5)
REPORTING --------------------------------------------------------
PERSON 10) SHARED DISPOSITIVE POWER
WITH (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) EXCLUDESCERTAIN SHARES
(See Item 5) /__/
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (See Item 5)
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 739422103 Page 3 of 11 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sigma Circuits, Inc.
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) /__/ (b) /X/
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
AF
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
/__/
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
(See Item 5)
NUMBER -----------------------------------------------------------
OF 8) SHARED VOTING POWER
SHARES (See Item 5)
BENEFICIALLY -----------------------------------------------------------
OWNED BY 9) SOLE DISPOSITIVE POWER
EACH (See Item 5)
REPORTING -----------------------------------------------------------
PERSON 10) SHARED DISPOSITIVE POWER
WITH (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
(See Item 5) /__/
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (See Item 5)
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
CUSIP No. 739422103 Page 4 of 11 Pages
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
T Merger Sub (OR), Inc.
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) /__/ (b) /X/
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS
AF
- --------------------------------------------------------------------------------
5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
/__/
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
Oregon
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
(See Item 5)
NUMBER ----------------------------------------------------------
OF 8) SHARED VOTING POWER
SHARES (See Item 5)
BENEFICIALLY ----------------------------------------------------------
OWNED BY 9) SOLE DISPOSITIVE POWER
EACH (See Item 5)
REPORTING ----------------------------------------------------------
PERSON 10) SHARED DISPOSITIVE POWER
WITH (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
(See Item 5) /__/
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) (See Item 5)
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
<PAGE>
Schedule 13D
On October 26, 1999, Sigma Circuits, Inc., a Delaware company ("Sigma
Circuits") and an indirect wholly owned subsidiary of Tyco International Ltd., a
Bermuda company ("Tyco"), and T Merger Sub (OR), Inc., an Oregon company
("Merger Sub") and a direct wholly owned subsidiary of Sigma Circuits, Inc.,
entered into an Agreement and Plan of Merger (the "Merger Agreement") with
Praegitzer Industries, Inc. (the "Company"). Pursuant to the Merger Agreement,
Merger Sub has commenced a tender offer (the "Offer") for the common stock of
the Company (the "Common Stock"), and, following the successful consummation of
the Offer, the parties will take the necessary action so that Merger Sub will be
merged with the Company (the "Merger"), and the Company will become an indirect
wholly owned subsidiary of Tyco. The obligations of Sigma Circuits and Merger
Sub under the Merger Agreement are guaranteed by Tyco.
In connection with the Merger Agreement, Robert L. Praegitzer, the
majority shareholder of the Company, has entered into a Shareholder's Agreement
(the "Shareholder's Agreement") with Sigma Circuits and Merger Sub. Under the
terms of the Shareholder's Agreement, Mr. Praegitzer has agreed, among other
things, to tender his shares of Common Stock in the Offer, or, in the case of
shares that are subject to certain pledge arrangements and which cannot be
tendered in the Offer, to sell such shares to Merger Sub following the
successful consummation of the Offer. Mr. Praegitzer has also agreed to vote his
shares against any transaction that is inconsistent with the Offer and the
Merger. The Shareholder's Agreement terminates upon termination of the Merger
Agreement in accordance with its terms.
Tyco, Sigma Circuits and Merger Sub are referred to as the "Reporting
Persons." By reason of the arrangements under the Merger Agreement and the
Shareholder's Agreement, the Reporting Persons could be deemed to beneficially
own the shares owned by Mr. Praegitzer. In accordance with Rule 13d-4, the
Reporting Persons disclaim beneficial ownership of such shares, and the filing
of this Schedule 13D shall not be construed as an admission of such beneficial
ownership or that the Reporting Persons are obligated to file this Schedule 13D.
The Reporting Persons have filed a Tender Offer Statement on Schedule
14D-1, dated November 1, 1999 (the "Schedule 14D-1"). The Schedule 14D-1,
including its exhibits, contains a discussion of the Offer and the Merger, and
reference is made to the Schedule 14D-1 for more complete information concerning
the matters referred to above.
Item 1. Security and Issuer.
This Statement on Schedule 13D (the "Statement")
relates to the Common Stock of the Company. The principal executive offices of
the Company are located at 19081 SW 72nd Avenue, Tualatin, Oregon 97062.
Page 5 of 11 Pages
<PAGE>
Item 2. Identity and Background.
This Statement is being filed by the Reporting Persons. The
information set forth in Item 2, "Identity and Background," of the Schedule
14D-1 is incorporated herein by reference. See Item 5.
Item 3. Source and Amount of Funds or Other Consideration.
The information set forth in Item 4, "Source and Amount of
Funds or Other Consideration," of the Schedule 14D-1 is incorporated herein by
reference.
Item 4. Purpose of Transaction.
The information set forth in Item 5, "Purpose of the Tender
Offer and Plans or Proposals of the Bidder," of the Schedule 14D-1 is
incorporated herein by reference.
Item 5. Interest in Securities of the Issuer.
The information set forth in Item 6, "Interest in Securities
of the Subject Company," of the Schedule 14D-1 is incorporated herein by
reference.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer.
The information set forth in Item 7, "Contracts, Arrangements,
Understandings or Relationships with respect to the Subject Company's
Securities," of the Schedule 14D-1 is incorporated herein by reference.
Item 7. Material to be Filed as Exhibits.
The Exhibits filed pursuant to Item 11, "Material to be Filed
as Exhibits" of the Schedule 14D-1 are incorporated herein by reference. Exhibit
1 hereto is an "Agreement of Joint Filing" pursuant to Rule 13d-1(f) promulgated
under the Securities Exchange Act of 1934, as amended.
Page 6 of 11 pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement is true, complete and correct.
Dated: November 5, 1999
TYCO INTERNATIONAL LTD.
/s/ Mark Swartz
------------------------------------
By: Mark Swartz
Executive Vice President
and Chief Financial Officer
Page 7 of 11 pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement is true, complete and correct.
Dated: November 5, 1999
SIGMA CIRCUITS, INC.
/s/ Jeffrey D. Mattfolk
----------------------------------
By: Jeffrey D. Mattfolk
Vice President
Page 8 of 11 pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
Statement is true, complete and correct.
Dated: November 5, 1999
T Merger Sub (OR), INC.
/s/ Jeffrey D. Mattfolk
----------------------------
By: Jeffrey D. Mattfolk
Vice President
Page 9 of 11 pages
<PAGE>
Exhibit 1
Agreement of Joint Filing
Pursuant to 13d-1(f) promulgated under the Securities Exchange
Act of 1934, as amended, the undersigned persons hereby agree to file with the
Securities and Exchange Commission the Statement on Schedule 13D (the
"Statement") to which this Agreement is attached as an exhibit, and agree that
such Statement, as so filed, is filed on behalf of each of them.
IN WITNESS WHEREOF, the undersigned have executed this
Agreement.
TYCO INTERNATIONAL LTD.
/s/ Mark Swartz
--------------------------------
By: Mark Swartz
Executive Vice President
SIGMA CIRCUITS, INC.
/s/ Jeffrey D. Mattfolk
--------------------------------
By: Jeffrey D. Mattfolk
Vice President
T MERGER SUB (OR), INC.
/s/ Jeffrey D. Mattfolk
--------------------------------
By: Jeffrey D. Mattfolk
Vice President
