SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
EUPHONIX, INC.
- --------------------------------------------------------------------------------
(Name of the Issuer)
Common Stock
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(Title of Class of Securities)
298416108
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(CUSIP Number)
Alexis Lakes
2490 Sand Hill Road
Menlo Park, California 94025
(650) 529-0700
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 18, 1998
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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
[X].
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.
The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
(Continued on following pages)
(Page 1 of 10 pages)
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ------------------------------------------------------ ---------------------------------------------------
CUSIP NO. 298416108 13D Page 2 of 10 pages
-----------------
- ------------------------------------------------------ ---------------------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
ONSET Enterprise Associates, L.P.
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)[ ]
(b)[X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e) N/A [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER 1,744,335
OF
SHARES
BENEFICIALLY
OWNED BY
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
8 SHARED VOTING POWER
-0-
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,744,335
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- ----------- --------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,744,335
- ----------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
N/A
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.32%
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14 TYPE OF REPORTING PERSON PN
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</TABLE>
(Page 2 of 10 pages)
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ------------------------------------------------------ ---------------------------------------------------
CUSIP NO. 298416108 13D Page 3 of 10 pages
-----------------
- ------------------------------------------------------ ---------------------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
OEA Management, L.P.
- ----------- --------------------------------------------------------------------------------------------------------
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 PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e) N/A [ ]
- ----------- --------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER 1,744,335
OF
SHARES
BENEFICIALLY
OWNED BY
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
8 SHARED VOTING POWER
-0-
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,744,335
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
-0-
- ----------- --------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,744,335
- ----------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
N/A [ ]
- ----------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.32%
- ----------- --------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON PN
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</TABLE>
(Page 3 of 10 pages)
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ------------------------------------------------------ ---------------------------------------------------
CUSIP NO. 298416108 13D Page 4 of 10 pages
-----------------
- ------------------------------------------------------ ---------------------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Robert F. Kuhling, Jr.
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)[ ]
(b)[X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
- ----------- --------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e) N/A [ ]
- ----------- --------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER 587
OF
SHARES
BENEFICIALLY
OWNED BY
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
8 SHARED VOTING POWER
1,744,335
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
587
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,744,335
- ----------- --------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,744,922
- ----------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
N/A [ ]
- ----------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.33%
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14 TYPE OF REPORTING PERSON IN
- ----------- --------------------------------------------------------------------------------------------------------
</TABLE>
(Page 4 of 10 pages)
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
- ------------------------------------------------------ ---------------------------------------------------
CUSIP NO. 298416108 13D Page 5 of 10 pages
-----------------
- ------------------------------------------------------ ---------------------------------------------------
- ----------- --------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Terry L. Opdendyk
- ----------- --------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)[ ]
(b)[X]
- ----------- --------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------- --------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
- ----------- --------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e) N/A [ ]
- ----------- --------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------------- --------- ----------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER 587
OF
SHARES
BENEFICIALLY
OWNED BY
REPORTING
PERSON
WITH
--------- ----------------------------------------------------------------------------
8 SHARED VOTING POWER
1,744,335
--------- ----------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
587
--------- ----------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,744,335
- ----------- --------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,744,922
- ----------- --------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES
N/A [ ]
- ----------- --------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
26.33%
- ----------- --------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON IN
- ----------- --------------------------------------------------------------------------------------------------------
</TABLE>
(Page 5 of 10 pages)
<PAGE>
Item 1. Security and the Issuer
(a) Title of Security:
Common Stock
(b) Name of the Issuer:
Euphonix, Inc., a California corporation.
(c) The Issuer's principal executive office:
220 Portage Road
Palo Alto, CA 94306
Description of Business:
The Issuer is engaged in the development, manufacture and
marketing of digitally controlled audio mixing consoles for
use in the production of audio content for the music, post
production (film and television), broadcast, live sound
reinforcement (live concerts and theater) and multimedia
segments of the professional audio market.
Item 2. Identity and Background
(a) Name of the Reporting Persons:
i. ONSET Enterprise Associates, L.P. ("OEA"):
ii. OEA Management, L.P. ("OEAM");
iii. Robert F. Kuhling, Jr. ("Kuhling");
v. Terry L. Opdendyk ("Opdendyk").
(b) Business address:
2490 Sand Hill Road
Menlo Park, CA 94025
(c) Present principal occupation or employment, and the name,
principal business and address of any corporation or other
organization in which such employment is conducted:
OEA: Venture Capital Fund
OEAM: Venture Capital Fund
Kuhling: General Partner of OEAM
Opdendyk: General Partner of OEAM
(Page 6 of 10 pages)
<PAGE>
(d) Convictions in criminal proceedings since 1993:
None.
(e) Judgments for violations of Securities Laws since 1993:
None.
(f) Citizenship or Place of Organization
OEA: Delaware
OEAM: Delaware
Kuhling: United States
Opdendyk: United States
Item 3: Source and Amount of Funds or Other Consideration.
On October 31, 1990, OEA acquired 517,092 shares of Euphonix, Inc.
("Euphonix") Series A Preferred Stock for $517,092 using investment capital. On
March 11, 1991, OEA acquired 285,714 shares of Euphonix Series B Preferred Stock
for $500,000 using investment capital. On May 31, 1991, OEA acquired 275,947
shares of Euphonix Series B Preferred Stock for $482,907 using investment
capital. On November 5, 1991, OEA acquired 325,582 shares of Euphonix Series C
Preferred Stock for $700,001 using investment capital.
On August 22, 1995, in connection with the initial public offering of
Issuer's Common Stock (the "IPO"), OEA received (i) 517,092 shares of Issuer's
Common Stock in exchange for its Series A Preferred Stock, (ii) 561,661 shares
of Issuer's Common Stock in exchange for its Series B Preferred Stock and (iii)
325,582 shares of Issuer's Common Stock in exchange for its Series C Preferred
Stock.
On February 20, 1996, Kuhling and Opdendyk each received 587 shares of
Issuer's Common Stock for no consideration as the result of a pro rata
distribution of shares by OEA to its general and limited partners.
On March 18, 1998, OEA acquired 800,000 shares of Issuer's Common Stock
for $1,500,000 using investment capital.
Item 4. Purpose of the Transaction
Reporting Persons acquired the securities of Issuer for purposes of
investment. Reporting Persons currently have no plans or proposals with respect
to Issuer.
(Page 7 of 10 pages)
<PAGE>
<TABLE>
Item 5. Interest in Securities of the Issuer
<CAPTION>
<S> <C> <C> <C> <C>
================================= ===================== ======================= ====================== =====================
OEA OEAM Kuhling Opdendyk
- --------------------------------- --------------------- ----------------------- ---------------------- ---------------------
Beneficial Ownership 1,744,335 1,744,335 1,744,922 1,744,922
- --------------------------------- --------------------- ----------------------- ---------------------- ---------------------
Percentage of Class 26.32% 26.32% 26.33% 26.33%
- --------------------------------- --------------------- ----------------------- ---------------------- ---------------------
Sole Voting Power 1,744,335 1,744,335 587 587
- --------------------------------- --------------------- ----------------------- ---------------------- ---------------------
Shared Voting Power 0 0 1,744,335 1,744,335
- --------------------------------- --------------------- ----------------------- ---------------------- ---------------------
Sole Dispositive Power 1,744,335 1,744,335 587 587
- --------------------------------- --------------------- ----------------------- ---------------------- ---------------------
Shared Dispositive Power 0 0 1,744,922 1,744,922
================================= ===================== ======================= ====================== =====================
</TABLE>
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to
Securities of the Issuer
None.
Item 7. Material to be Filed as Exhibits
Exhibit A: Joint Filing Statement
(Page 1 of 10 pages)
<PAGE>
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.
ONSET ENTERPRISE ASSOCIATES, L.P.
By OEA Management, L.P.,
its General Partner
By: /s/ Terry L. Opdendyk March 20, 1998
------------------------------- ---------------------------------
General Partner Date
OEA MANAGEMENT, L.P.
By: /s/ Terry L. Opdendyk March 20, 1998
------------------------------- ---------------------------------
General Partner Date
/s/ Robert F. Kuhling, Jr. March 20, 1998
- ------------------------------------ ---------------------------------
Robert F. Kuhling, Jr. Date
/s/ Terry L. Opdendyk March 20, 1998
- ------------------------------------ ---------------------------------
Terry L. Opdendyk Date
(Page 2 of 10 pages)
<PAGE>
EXHIBIT A
Joint Filing Statement
We, the undersigned, hereby express our agreement that the attached
Schedule 13D is filed on behalf of each of us.
ONSET ENTERPRISE ASSOCIATES, L.P.
By OEA Management, L.P.,
its General Partner
By: /s/ Terry L. Opdendyk March 20, 1998
------------------------------- ---------------------------------
General Partner Date
OEA MANAGEMENT, L.P.
By: /s/ Terry L. Opdendyk March 20, 1998
------------------------------- ---------------------------------
General Partner Date
/s/ Robert F. Kuhling, Jr. March 20, 1998
- ------------------------------------ ---------------------------------
Robert F. Kuhling, Jr. Date
/s/ Terry L. Opdendyk March 20, 1998
- ------------------------------------ ---------------------------------
Terry L. Opdendyk Date
(Page 3 of 10 pages)
