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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
Aerovox Incorporated
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
00808M105
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(CUSIP Number)
Robert W. Blanchard
Blanchard, Krasner, & French
800 Silverado St., Second Floor
La Jolla, California 92037
(858) 551-2440
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
November 2, 2000
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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 [ ].
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
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CUSIP NO. 0080M105
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1. NAME OF REPORTING PERSON
SOCIAL SECURITY NUMBER OF ABOVE PERSON
Enrique Sanchez; S.S.N.: None.
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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
Mexico
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7. SOLE VOTING POWER
NUMBER OF 423,957
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 423,957
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
423,957
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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)
6.9%
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14. TYPE OF REPORTING PERSON
IN
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CUSIP NO. 0080M105
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1. NAME OF REPORTING PERSON
SOCIAL SECURITY NUMBER OF ABOVE PERSON
ARVX Corp.; S.S.N.: None.
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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
British Virgin Islands
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7. SOLE VOTING POWER
NUMBER OF 415,000
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 415,000
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
415,000
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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)
6.8%
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14. TYPE OF REPORTING PERSON
CO
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SCHEDULE 13D
RELATING TO THE COMMON SHARE OF
Aerovox Incorporated
Item 1. SECURITY AND ISSUER.
This Statement on Schedule 13D (this "Statement") relates to the common
shares, par value $1.00 per share (each, an "Aerovox Common Share"), of Aerovox
Incorporated, a Delaware corporation ("Aerovox"). The principal executive
offices of Aerovox are located at 740 Belleville Avenue, New Bedford, MA 02745.
Item 2. IDENTITY AND BACKGROUND.
This Statement is being filed by Enrique Sanchez, an individual
("Sanchez"), and ARVX Corp., a corporation ("ARVX") (collectively, the
"Filers"). ARVX was organized in the British Virgin Islands, whose principal
business is as an investment holding company. Its principal business address is
Bosque de Jacarandas #87, Col. Bosques de las Lomas, Mexico D.F. 11700, Mexico
and its mailing address for purposes of this filing is c/o J. John Oh, Esq., 800
Silverado St., Second Floor, La Jolla, California 92037.
(a)-(c); (f) The name of the natural person filing this Statement is
Enrique Sanchez, whose residence address is Bosque de Jacarandas #87, Col.
Bosques de las Lomas, Mexico D.F. 11700, Mexico. Sanchez is a director and the
senior vice president of Aerovox, whose principal business address is 740
Belleville Avenue, New Bedford, MA 02745. Aerovox's principal business is the
manufacture of capacitors to regulate the frequency, timing and condition of
electrical signals. Sanchez is a Mexican citizen.
(d)-(e) During the last five years, neither Sanchez nor ARVX, nor, to the
knowledge of the Filers, (i) has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or (ii) has been 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 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The Filers acquired the Aerovox Common Shares reported herein in open
market transactions. Sanchez acquired his shares under an employee stock
purchase plan offered by Aerovox, while ARVX acquired its shares through broker
transactions. The source of funds used for the Filers' acquisition of the
Aerovox Common Shares consisted of personal funds. Sanchez purchased his 8,957
shares at an average per share price of $3.347 per share. ARVX purchased its
415,000 shares at an average per share price of $2.757 per share.
Item 4. PURPOSE OF THE TRANSACTION.
The purpose of the acquisition of the Aerovox Common Shares by the Filers
were for investment purposes.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The following information is based on a total of 6,141,924 shares of
common stock outstanding as of November 14, 2000.
Sanchez beneficially owns 423,957 shares of common stock, of which 415,000
shares are owned by ARVX, a British Virgin Islands corporation in which Sanchez
is the sole director and shareholder.
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(b) Sanchez has the sole power to vote or to direct the vote and the sole
power to dispose or direct the disposition of the common stock reported as
beneficially owned by the Filers.
(c) In the last 60 days, Sanchez directly effected a purchase of 1,623
Aerovox Common Shares on October 16, 2000 at $3.3767 per share through his
employee stock purchase plan. In the last 60 days, ARVX effected purchases of
Aerovox Common Shares in the amounts of 8,000 at $2.75 per share on October 23,
2000, 2,500 at $2.75 per share on October 24, 2000, 2,000 at $2.875 per share on
October 30, 2000, 50,000 at $2.875 per share on November 2, 2000, 75,000 at
$2.9375 per share on November 8, 2000, and 12,000 at $2.875 per share on
November 13, 2000.
(d) Sanchez, as the sole director and shareholder of ARVX, has the right to
receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, the Aerovox Common Shares held by him directly and those held
by ARVX.
(e) Not applicable.
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Sanchez is the sole director and shareholder of ARVX and has the power to
direct all of the Aerovox Common Shares held by ARVX.
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
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.
Dated: December 6, 2000
/s/ Enrique Sanchez
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Enrique Sanchez
ARVX Corp.
By: /s/ Enrique Sanchez
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Name: Enrique Sanchez
Title: Sole Director
