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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
REUTER MANUFACTURING, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
393070107
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(CUSIP Number)
Kenneth E. Daugherty
1913 East Hunskor Road
Oak Harbor, Washington 98277
(360) 679-2866
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
APRIL 18, 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: / /
Check the following box if a fee is being paid with this statement: / /
Page 1 of 5 Pages
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SCHEDULE 13D
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CUSIP No. 393070107
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1) NAME OF REPORTING PERSON AND S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE
PERSON
Kenneth E. Daugherty
###-##-####
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2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) / /
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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) / /
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6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7) SOLE VOTING POWER
135,100
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NUMBER OF 8) SHARED VOTING POWER
SHARES
BENEFICIALLY 175,000
OWNED BY EACH ------------------------------------------------------
REPORTING PERSON 9) SOLE DISPOSITIVE POWER
WITH
135,100
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10) SHARED DISPOSITIVE POWER
175,000
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11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
310,100
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12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES / /
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13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.5%
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14) TYPE OF REPORTING PERSON
IN
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Pages 2 of 5 Pages
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SCHEDULE 13D
ITEM 1. SECURITY AND ISSUER.
This Statement on Schedule 13D (the "Statement") relates to the Common
Stock, $0.1875 par value (the "Common Stock"), of Reuter Manufacturing, Inc., a
Minnesota corporation (the "Company"). The principal executive offices of the
Company are located at 410 Eleventh Avenue South, Hopkins, Minnesota 55343.
ITEM 2. IDENTITY AND BACKGROUND.
(a) This statement is filed by Kenneth E. Daugherty.
(b) The residence address of Dr. Daugherty is 1913 East Hunskor Road,
Oak Harbor, Washington 98277.
(c) Dr. Daugherty is President of KD Consulting, Inc. and a director
of the Company.
(d) Dr. Daugherty has not, during the last five years, been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) Dr. Daugherty was not, during the last five years, 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 security
laws or finding any violation with respect to such laws.
(f) Dr. Daugherty is a citizen of the United States of America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The shares of Common Stock reported on this statement were purchased with
Dr. Kenneth Daugherty and Ms. Joan Daugherty's personal funds. No funds used to
purchase any of the shares of Common Stock reported on this statement have been
borrowed.
ITEM 4. PURPOSE OF TRANSACTION.
Dr. Kenneth Daugherty and his spouse, Ms. Joan Daugherty, purchased 170,000
shares of the Company's Common Stock, as joint tenants, pursuant to the
Company's recent private placement of an aggregate of 1,517,333 shares of Common
Stock at a per share price of $3.00 which was completed on April 18, 1997. The
shares of Common Stock owned by Dr. and Ms. Daugherty have been acquired solely
for investment purposes.
Other than as to matters which Dr. Daugherty, as a director of the
Company, may consider and discuss with other board members from time to time,
Dr. Daugherty does not have any present plans or proposals that relate to or
would result in: (a) the acquisition by any person of additional securities
of the Company (other than the exercise of options currently held by Dr.
Daugherty) or the disposition of securities of the Company; (b) an
extraordinary corporate transaction, such as a merger, reorganization or
liquidation, involving the Company or any of its subsidiaries; (c) a sale or
transfer of a material amount of assets of the Company or of any of its
subsidiaries; (d) any change in the present Board of Directors or
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management of the Company, including any plans or proposals to change the
number or term of directors or to fill any existing vacancies on the Board;
(e) a material change in the present capitalization or dividend policy of the
Company; (f) any other material change in the Company's business or corporate
structure; (g) changes in the Company's charter, by-laws or instruments
corresponding thereto or other actions that may impede the acquisition of
control of the Company by any person; (h) causing a class of securities of
the Company to be delisted from a national securities exchange or to cease to
be authorized to be quoted in an inter-dealer quotation system of a
registered national securities association; (i) a class of equity securities
of the Company becoming eligible for termination of registration pursuant to
Section 12(g) (4) of the Act; or (j) any action similar to any of those
enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Dr. Daugherty is the beneficial owner of 310,100 shares of Common
Stock, or approximately 6.5% of the current outstanding shares of Common Stock.
An aggregate of 11,000 of such shares are subject to options that are currently
exercisable. Dr. Daugherty owns options covering an additional 2,000 shares of
Common Stock that are not exercisable within the next 60 days.
(b) Dr. Daugherty possesses sole voting and investment power with
respect to 135,100 shares of Common Stock and shares voting and investment
power with his spouse with respect to 175,000 shares of Common Stock reported
in this statement.
(c) Dr. Kenneth Daugherty and his spouse, Ms. Joan Daugherty,
purchased 170,000 shares of Common Stock as further described in Item 4.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE COMPANY.
Except for outstanding options to purchase common stock, Dr. Daugherty is
not a party to any contract, arrangement, understanding or relationship
(legal or otherwise) with respect to any securities of the Company.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
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SIGNATURES
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.
/s/ Kenneth E. Daugherty
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June 17, 1997 Kenneth E. Daugherty
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