<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-----------------------------------------
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
SUBMICRON SYSTEMS CORPORATION
(Name of Issuer)
Common Stock, $.0001 Par Value
(Title of Class of Securities)
86431310
(CUSIP Number)
Michael H. Khougaz
Equinox Investment Partners, L.L.C.
405 Lexington Avenue, 21st Floor
New York, New York 10174
(212) 883-4600
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 24, 1997
(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: [ ]
The information required in 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 (the "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 6 Pages)
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SCHEDULE 13D
- ------------------ -----------
CUSIP NO. 86431310 PAGE 2 OF 6
- ------------------ -----------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
THE KB MEZZANINE FUND II, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 5,293,094
OWNED BY EACH ----------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
0
----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
5,293,094
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,293,094
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
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SCHEDULE 13D
- ------------------ -----------
CUSIP NO. 86431310 PAGE 3 OF 6
- ------------------ -----------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
CELERITY SILICON, L.L.C.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- --------------------------------------------------------------------------------
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
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,323,273
OWNED BY EACH ----------------------------------------------------------
REPORTING 8 SHARED VOTING POWER
PERSON WITH
0
----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,323,273
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,323,273
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.0%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
<PAGE> 4
ITEM 1. SECURITY AND ISSUER.
This Amendment No. 1 (the "Amendment") amends the Schedule 13D (the
"Statement") previously filed by (i) The KB Mezzanine Fund II, L.P., a Delaware
limited partnership ("KBMF II"), and (ii) Celerity Silicon, L.L.C., a Delaware
limited liability company ("Celerity"). This Amendment relates to the common
stock, par value $0.0001 per share, of SubMicron Systems Corporation, a Delaware
corporation (the "Company"). The principal executive offices of the Company are
located at 6330 Hedgewood Drive, No. 150, Allentown, Pennsylvania 18106.
ITEM 2. IDENTITY AND BACKGROUND.
There is no change to the information called for by this item and
previously disclosed in the Statement.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
There is no change to the information called for by this item and
previously disclosed in the Statement.
ITEM 4. PURPOSE OF TRANSACTION.
There is no change to the information called for by this item and
previously disclosed in the Statement.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
This Amendment is being filed to report that on December 24, 1997,
Celerity purchased from KBMF II 330,818 warrants and $1 million principal
amount of subordinated debt securities of the Company that previously had been
issued to KBMF II in the private placement described in the Statement. The
purchase price paid to KBMF II by Celerity for such warrants and subordinated
debt securities was $1 million. Except as set forth above, there is no change
to the information called for by this item and previously disclosed in the
Statement.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDING OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
There is no change to the information called for by this item and
previously disclosed in the Statement.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1. Joint Filing Agreement.
(Page 4 of 6)
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment is true, complete and
correct.
Dated: December 31, 1997 THE KB MEZZANINE FUND II, L.P.
By: EIP Capital Partners, L.P.
Its: General Partner
By: Equinox Investment Partners, L.L.C.
/s/ Michael H. Khougaz
--------------------------------------------
By: Michael H. Khougaz
Its: Managing Member
Dated: December 31, 1997 CELERITY SILICON, L.L.C.
/s/ Mark R. Benham
---------------------------------------------------
By: Mark R. Benham
Its: Managing Member
(Page 5 of 6)
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EXHIBIT INDEX
Exhibit 1. Joint Filing Agreement.
(Page 6 of 6)
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EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f)(1) promulgated under the Securities
Exchange Act of 1934, as amended, the undersigned hereby agree to the joint
filing with all other reporting persons on behalf of each of them of Amendment
No. 1 to Statement on Schedule 13D with respect to the Common Stock, par value
$.0001 per share, of SubMicron Systems Corporation, a Delaware corporation, and
that this Agreement may be included as an Exhibit to such joint filing.
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of
December 31, 1997.
THE KB MEZZANINE FUND II, L.P.
By: EIP Capital Partners, L.P.
Its: General Partner
By: Equinox Investment Partners, L.L.C.
/s/ Michael H. Khougaz
--------------------------------------------
By: Michael H. Khougaz
Its: Managing Member
CELERITY SILICON, L.L.C.
/s/ Mark R. Benham
---------------------------------------------------
By: Mark R. Benham
Its: Managing Member
Ex. 1-1
