<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
DESTRON FEARING CORPORATION
490 Villaume Avenue
South St. Paul, Minnesota 55075
-------------------------------
(Name of Issuer)
Common Stock
------------
(Title of Class of Securities)
250637-10-5
-----------
(CUSIP Number)
John R. Beattie, Esq.
Thomas J. Puff, Esq.
Messerli & Kramer, P.A.
1800 Fifth Street Towers
150 South Fifth Street
Minneapolis, Minnesota 55402
(612) 672-3731
--------------
(Name, Address and Telephone Number
of Person Authorized to Receive
Notices and Communications)
April 9, 1998
-------------
(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 / /.
(Cover pages continued on next 21 pages)
1 of 22
<PAGE>
CUSIP No. 250637-10-5
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- ------------------------------------------------------------------------------
1) Names of Reporting Persons or I.R.S. Identification Nos. of Above
Persons
Bradley C. Holt
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- ------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group
(See Instructions)
a) /X/
---------------------------------------------------------------
b) / /
---------------------------------------------------------------
- ------------------------------------------------------------------------------
3) SEC Use Only -------------------------------------------------------
- ------------------------------------------------------------------------------
4) Source of Funds (See Instructions)
PF
--------------------------------------------------------------------
- ------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) N/A
------------------------------------------------
- ------------------------------------------------------------------------------
6) Citizenship or Place of Organization United States
- ------------------------------------------------------------------------------
Number of Shares 7) Sole Voting Power 243,500
Beneficially -----------------------------
Owned by Each 8) Shared Voting Power None
Reporting Person ---------------------------
With: 9) Sole Dispositive Power 243,500
------------------------
10) Shared Dispositive Power None
----------------------
2 of 22
<PAGE>
11) Aggregate Amount Beneficially Owned by Each Reporting Person 243,500
-------
- ------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row 11 Excludes Certain Shares
(See Instructions) N/A
-------------------------------------------------
- ------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row 11
1.8% of Common Stock outstanding
-------------------------------------------------------------
- ------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions) IN
-------------------------
- ------------------------------------------------------------------------------
3 of 22
<PAGE>
CUSIP No. 250637-10-5
-------------------------
- ------------------------------------------------------------------------------
3) Names of Reporting Persons or I.R.S. Identification Nos. of Above
Persons
Mr. and Mrs. Maas van Dusschotem
---------------------------------------------------------------
- ------------------------------------------------------------------------------
4) Check the Appropriate Box if a Member of a Group
(See Instructions)
a) /X/
---------------------------------------------------------------
b) / /
---------------------------------------------------------------
- ------------------------------------------------------------------------------
3) SEC Use Only
-------------------------------------------------------
- ------------------------------------------------------------------------------
4) Source of Funds (See Instructions)
PF
------------------------------------------------------------------
- ------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) N/A
-------------------------------------------------
- ------------------------------------------------------------------------------
6) Citizenship or Place of Organization The Netherlands
-------------------------------
- ------------------------------------------------------------------------------
Number of 7) Sole Voting Power 265,000
Shares ------------------------
Beneficially 8) Shared Voting Power None
Owned by -----------------------
Each 9) Sole Dispositive Power 265,000
Reporting --------------------
Person With: 10) Shared Dispositive Power None
------------------
- ------------------------------------------------------------------------------
4 of 22
<PAGE>
11) Aggregate Amount Beneficially Owned by Each Reporting Person 265,000
-------
- ------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row 11 Excludes Certain Shares
(See Instructions) N/A
-------------------------------------------------
- ------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row 11
2.0% of Common Stock outstanding
----------------------------------------------------------------
- ------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions) IN
------------------------
- ------------------------------------------------------------------------------
5 of 22
<PAGE>
CUSIP No. 250637-10-5
------------------------
- ------------------------------------------------------------------------------
5) Names of Reporting Persons or I.R.S. Identification Nos. of Above
Persons
John R. Beattie
--------------------------------------------------------------------
- ------------------------------------------------------------------------------
6) Check the Appropriate Box if a Member of a Group
(See Instructions)
a) /X/
---------------------------------------------------------------
b) / /
---------------------------------------------------------------
- ------------------------------------------------------------------------------
3) SEC Use Only
- ------------------------------------------------------------------------------
4) Source of Funds (See Instructions)
PF
--------------------------------------------------------------------
- ------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) N/A
-------------------------------------------------
- ------------------------------------------------------------------------------
6) Citizenship or Place of Organization United States
------------------------------
- ------------------------------------------------------------------------------
7) Sole Voting Power 54,700
Number of Shares -------------------------------
Beneficially 8) Shared Voting Power None
Owned by Each -----------------------------
Reporting Person 9) Sole Dispositive Power 54,700
With: -------------------------
10) Shared Dispositive Power None
------------------------
6 of 22
<PAGE>
11) Aggregate Amount Beneficially Owned by Each Reporting Person 54,700
--------
- ------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row 11 Excludes Certain Shares
(See Instructions) N/A
-------------------------------------------------
- ------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row 11
.4% of Common Stock outstanding
---------------------------------------------------------------------
- ------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions) IN
-----------------------
- ------------------------------------------------------------------------------
7 of 22
<PAGE>
CUSIP No. 250637-10-5
------------------------
- ------------------------------------------------------------------------------
7) Names of Reporting Persons or I.R.S. Identification Nos. of Above
Persons
Mr. and Mrs. Gary Hofstad
--------------------------------------------------------------------
- ------------------------------------------------------------------------------
8) Check the Appropriate Box if a Member of a Group
(See Instructions)
a) /X/
---------------------------------------------------------------
b) / /
---------------------------------------------------------------
- ------------------------------------------------------------------------------
3) SEC Use Only
-------------------------------------------------------
- ------------------------------------------------------------------------------
4) Source of Funds (See Instructions)
PF
--------------------------------------------------------------------
- ------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) N/A
-------------------------------------------------
- ------------------------------------------------------------------------------
6) Citizenship or Place of Organization United States
------------------------------
- ------------------------------------------------------------------------------
7) Sole Voting Power 50,000
Number of Shares -------------------------------
Beneficially 8) Shared Voting Power None
Owned by Each -----------------------------
Reporting Person 9) Sole Dispositive Power 50,000
With: --------------------------
10) Shared Dispositive Power None
------------------------
8 of 22
<PAGE>
11) Aggregate Amount Beneficially Owned by Each Reporting Person 50,000
-------
- ------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row 11 Excludes Certain Shares
(See Instructions) N/A
-------------------------------------------------
- ------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row 11
.3% of Common Stock outstanding
---------------------------------------------------------------------
- ------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions) IN
-----------------------
- -------------------------------------------------------------------------------
9 of 22
<PAGE>
CUSIP No. 250637-10-5
-------------------------
- ------------------------------------------------------------------------------
9) Names of Reporting Persons or I.R.S. Identification Nos. of Above
Persons
Harry Carlson
--------------------------------------------------------------------
- ------------------------------------------------------------------------------
10) Check the Appropriate Box if a Member of a Group
(See Instructions)
a) /X/
---------------------------------------------------------------
b) / /
---------------------------------------------------------------
- ------------------------------------------------------------------------------
3) SEC Use Only
------------------------------------------------------
- ------------------------------------------------------------------------------
4) Source of Funds (See Instructions)
PF
--------------------------------------------------------------------
- ------------------------------------------------------------------------------
5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e) N/A
-------------------------------------------------
- ------------------------------------------------------------------------------
6) Citizenship or Place of Organization United States
-------------------------------
- ------------------------------------------------------------------------------
7) Sole Voting Power 55,000
Number of Shares -------------------------------
Beneficially 8) Shared Voting Power None
Owned by Each -----------------------------
Reporting Person 9) Sole Dispositive Power 55,000
With: --------------------------
10) Shared Dispositive Power None
------------------------
- ------------------------------------------------------------------------------
10 of 22
<PAGE>
11) Aggregate Amount Beneficially Owned by Each Reporting Person 55,000
-------
- ------------------------------------------------------------------------------
12) Check if the Aggregate Amount in Row 11 Excludes Certain Shares
(See Instructions) N/A
-------------------------------------------------
- ------------------------------------------------------------------------------
13) Percent of Class Represented by Amount in Row 11
.4% of Common Stock outstanding
--------------------------------------------------------------------
- ------------------------------------------------------------------------------
14) Type of Reporting Person (See Instructions) IN
------------------------
- ------------------------------------------------------------------------------
11 of 22
<PAGE>
ITEM 1. SECURITY AND ISSUER.
This Schedule 13D Statement relates to the Common Stock of Destron Fearing
Corporation (the "Issuer"), a Delaware corporation, having its principal
executive offices at 490 Villaume Avenue, South St. Paul, Minnesota 55075.
ITEM 2. IDENTITY AND BACKGROUND.
This Schedule 13D Statement is being filed jointly by a group of individual
investors consisting of: Mr. and Mrs. Maas van Dusschotem; Bradley C.Holt;
John R. Beattie; Mr. and Mrs. Gary Hofstad; and Harry Carlson (collectively
hereinafter referred to as the "Purchasers").
The respective business or residential addresses of the Purchasers are as
follows:
<TABLE>
<CAPTION>
Purchaser Address
--------- ---------
<S> <C>
Mr. and Mrs. Maas van Dusschotem Kattenhaarsweg 78
7462 ES Rijssen
The Netherlands
Bradley C. Holt 1421 East Wayzata Boulevard
#225
Wayzata, Minnesota 55341
Mr. and Mrs. Gary Hofstad 5650 North Lylac Drive
Brooklyn Center, MN 55430
John R. Beattie 1800 Fifth Street Towers
150 South Fifth Street
Minneapolis, Minnesota 55403
Harry Carlson 4 Indian Trail
Lucas, Texas 75002
</TABLE>
12 of 22
<PAGE>
The principal occupations and employers of the Purchasers are as follows:
<TABLE>
<CAPTION>
Purchaser Occupation/Employer
------------------ -------------------
<S> <C>
Mr. and Mrs. Maas van Dusschotem Private Investor
Bradley C. Holt President; Lions Gate Capital
John R. Beattie Attorney; Messerli & Kramer, P.A.
Mr. and Mrs. Gary Hofstad President; M&G Marketing Co.
Harry Carlson Supervising Manager; Tivoli Systems
</TABLE>
None of the above-referenced Purchasers has, during the last five years,
been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors), nor have any of the respective Purchasers 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.
Four of the Purchasers within the investment group are citizens of the
United States. One Purchaser, Maas van Dusschotem, is a citizen of The
Netherlands.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The Purchaser's response to Item 5 of this Schedule 13D Statement is
incorporated herein by reference. All of the funds used to purchase the
Issuer's Common Stock, as stated herein, were the personal funds of the
Purchasers set forth in Item 2. The Issuer's shares acquired were purchased
through open market purchases, with the exception of 179,000 shares owned by
Mr. Holt, that were acquired through the exercise of outstanding Company
Stock Purchase Warrants. The aggregate purchase price for the shares
acquired and currently held by each of the respective Purchasers, is as
follows:
<TABLE>
<CAPTION>
Purchaser Aggregate Purchase Price
--------- ------------------------
<S> <C>
Mr. and Mrs. Maas van Dusschotem $530,000
Bradley C. Holt $498,375
Harry Carlson $213,125
Mr. and Mrs. Gary Hofstad $210,000
John R. Beattie $159,150
</TABLE>
13 of 22
<PAGE>
ITEM 4. PURPOSE OF TRANSACTION.
The Purchasers believe the Common Stock of the Issuer has been, and
remains, undervalued in the public market, and therefore, poses an attractive
investment opportunity for each of the members of the investment group. In
this regard, and in pursuit of enhancing their investment, the Purchasers
intend to closely monitor the Issuer's operations and existing management's
specific proposals and efforts taken, and to be taken, to enhance the share
value of the Issuer's Common Stock. To support this effort, the Purchasers
intend to meet with the Issuer's Board of Directors to seek Board representation
for their collective interest and to monitor the Issuer's strategic plans and
progress to enhance shareholder value. If, in the sole discretion of the
Purchasers, the Issuer's Board and existing management are unsuccessful in
this regard, the Purchasers may seek themselves, or in conjunction with other
shareholders of the Issuer, and/or other outside investors, at some point in
the future, a more active interest in the direction of the Issuer, including,
but not limited to: seeking additional representation on the Issuer's Board
of Directors; seeking new management for the Issuer; and/or seeking majority
control of the Issuer by the Purchasers themselves. In this regard, the
Purchasers specifically reserve the right to purchase additional shares of
the Issuer, to seek additional members for their group and to sell shares if
they deem it in their best interests. Furthermore, the Purchasers reserve
the right to discuss and pursue with other shareholders of the Issuer matters
of common interest as shareholders of the Issuer. Except as otherwise
discussed and disclosed herein, as of the date of this filing, the Purchasers
do not have any specific or immediate plans or proposals with respect to
extraordinary corporate transactions affecting the Issuer, any sale of its
assets, changes in its management, capitalization, dividend policy, business
or corporate structures, charter or bylaws or delisting of the Issuer's
securities or similar actions.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The information with respect to the aggregate number of shares and the
percentage of all outstanding shares of Common Stock of the Issuer
beneficially owned as of April 9, 1998, by each of the respective Purchasers
within the investment group is set forth in Exhibit A annexed hereto and is
incorporated herein by reference.
The Purchaser's response to Items (7) through (13) of the cover pages of
this Schedule 13D Statement, and the information and responses set forth in
Exhibits A and B, are incorporated herein by reference.
According to the Issuer's Quarterly Report for the quarterly period
ended December 31, 1997, filed February 13, 1998, the Issuer has outstanding
13,294,000 shares of Common Stock. The Purchasers, as of the date of this
filing, beneficially own 668,200 shares of the Issuer's Common Stock, or
approximately 5.0% of the Issuer's outstanding shares.
14 of 22
<PAGE>
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Other than the common investment strategy and objectives among the
respective Purchasers within the investment group as set forth and fully
described in Item 4 of this Schedule 13D, there are no contracts,
arrangements, understandings or relationships (legal or otherwise) among the
Purchasers, or between the Purchasers and any person with respect to any
securities of the Issuer.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS.
The following are filed herewith as Exhibits to this Schedule 13D
Statement:
A. Information with respect to the aggregate number and percentage of the
class of securities beneficially owned by each of the respective
Purchasers within the investment group, and by the group as an entity;
and
B. Information with respect to any transactions in the class of
securities reported on that were effected during the past sixty days
or since the most recent filing of Schedule 13D, whichever is less, by
the persons named in response to paragraph (a).
15 of 22
<PAGE>
EXHIBIT A
Information with respect to the aggregate number and percentage of the
class of securities beneficially owned by each of the respective Purchasers
within the group and the group as an entity:
<TABLE>
<CAPTION>
NUMBER OF SHARES PERCENTAGE
NAME BENEFICIALLY OWNED OF CLASS
---- ------------------ ----------
<S> <C> <C>
Mr. and Mrs. Maas van Dusschotem 265,000 2.0%
Bradley C. Holt 243,500 1.8%
Harry Carlson 55,000 .4%
John R. Beattie 54,700 .4%
Mr. and Mrs. Gary Hofstad 50,000 .4%
------- -----
------- -----
668,200 5.0%
</TABLE>
16 of 22
<PAGE>
EXHIBIT B
Information with respect to any transactions in the class of securities
reported on that were effected during the past sixty days or since the most
recent filing of Schedule 13D, whichever is less, by the persons named in
response to paragraph (a).
<TABLE>
<CAPTION>
AMOUNT OF WHERE AND HOW
DATE OF SECURITIES TRANSACTION
NAME TRANSACTION INVOLVED PRICE PER SHARE EFFECTED
- ---- ----------- ---------- --------------- --------
<S> <C> <C> <C> <C>
Bradley C. Holt 2/23/98 (4,500) 1.72 Sold-Open-Market
2/23/98 (9,000) 1 11/16nds Sold-Open-Market
2/26/98 (3,000) 1.59 Sold-Open-Market
2/27/98 (5,000) 1.65 Sold-Open-Market
2/27/98 (5,000) 1.59 Sold-Open-Market
3/11/98 (5,500) 1 25/32nds Sold-Open-Market
3/12/98 (5,000) 1.78 Sold-Open-Market
3/17/98 (3,200) 1 25/32nds Sold-Open-Market
3/18/98 (2,300) 1.68 Sold-Open-Market
3/10/98 5,000 1.78 Buy-Open-Market
3/11/98 40,000 1.68 Buy-Open-Market
</TABLE>
17 of 22
<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.
Dated: 4/13/98 /s/ Maas van Dusschotem
-------------------------- ---------------------------------
Maas van Dusschotem
/s/ J.J. van Dusschotem/Uruman
---------------------------------
J.J. van Dusschotem/Uruman
18 of 22
<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.
Dated: 4/16/98 /s/ Bradley C. Holt
-------------------------- ---------------------------------
Bradley C. Holt
19 of 22
<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.
Dated: 4/10/98 /s/ Gary Hofstad
-------------------------- ---------------------------------
Gary Hofstad
/s/ Glennis Hofstad
---------------------------------
Glennis Hofstad
20 of 22
<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.
Dated: 4/9/98 /s/ Harry Carlson
-------------------------- ---------------------------------
Harry Carlson
21 of 22
<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.
Dated: 4/16/98 /s/ John R. Beattie
-------------------------- ---------------------------------
John R. Beattie
22 of 22
