UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A-1
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO.1)
BOGEN COMMUNICATIONS INTERNATIONAL, INC.
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(Name of issuer)
COMMON STOCK, $0.001 PAR VALUE
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097189 10 4
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(Cusip Number)
DAVID S. RICHTER
WAVELAND PARTNERS, LP
333 WEST WACKED DRIVE
CHICAGO, ILLINOIS 60606
(312)739-2438
-with copies to-
JOSEPH F. MAZZELA, ESQ.
LANE, ALTMAN & OWENS L.L.P.
101 FEDERAL STREET
BOSTON, MASSACHUSETTS 02410
(617)345-9800
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
JULY 1, 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 [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.) [ ].
*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).
<PAGE>
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CUSIP No. 097189 10 4 SCHEDULE 13D/A-1 Page 2 of 12 Pages
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
WAVELAND PARTNERS, L.P.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
WC
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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
ILLINOIS
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7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0
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14. TYPE OF REPORTING PERSON*
PN
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<PAGE>
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CUSIP No. 097189 10 4 SCHEDULE 13D/A-1 Page 3 of 12 Pages
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
WAVELAND INTERNATIONAL, LTD.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
00
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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
NEW YORK
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7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 274,503
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
274,503
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
274,503
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.1%
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14. TYPE OF REPORTING PERSON
CO
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<PAGE>
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CUSIP No. 097189 10 4 SCHEDULE 13D/A-1 Page 4 of 12 Pages
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
WAVELAND CAPITAL MANAGEMENT, L.P.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
WC
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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
ILLINOIS
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7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 274,503
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
274,503
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
274,503
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.1%
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14. TYPE OF REPORTING PERSON
PN
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<PAGE>
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CUSIP No. 097189 10 4 SCHEDULE 13D/A-1 Page 5 of 12 Pages
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1. NAME OF REPORTING PERSON/S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
CLINCHER CAPITAL CORPORATION
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) [ ]
(B) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS*
WC
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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
ILLINOIS
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7. SOLE VOTING POWER
0
NUMBER OF --------------------------------------------------
SHARES 8. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 274,503
EACH --------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON
WITH: 0
--------------------------------------------------
10. SHARED DISPOSITIVE POWER
274,503
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
274,503
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.1%
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14. TYPE OF REPORTING PERSON*
CO
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<PAGE>
CUSIP No. 097189 10 4 Page 6 of 12 Pages
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THIS AMENDMENT NO. 1 AMENDS AND SUPPLEMENTS THE 13D ORIGINALLY FILED ON NOVEMBER
26, 1997.
ITEM 1. SECURITY AND ISSUER
-------------------
Securities Acquired: Common Stock, $0.001 par value per share ("Common
Stock")
Issuer: Bogen Communications International, Inc.
Principal Executive Offices: 50 Spring Street
Ramsey, New Jersey 07446
ITEM 2. IDENTITY AND BACKGROUND
-----------------------
This statement is being filed by Waveland Partners, L.P., an Illinois
limited partnership ("Waveland"), Waveland Capital Management, L.P., an Illinois
limited partnership ("Waveland Capital") and Clincher Capital Corporation, an
Illinois corporation ("Clincher"), and Waveland International, a Cayman Islands
corporation ("Waveland International") and together with Waveland, Waveland
Capital, Waveland International and Clincher (the "Reporting Persons").
Waveland, Waveland Capital and Clincher have their principal offices at
333 West Wacker Drive, Suite 1600, Chicago, Illinois 60606. Waveland
International's principal office is at c/o Butterfield Fund Management
(Guernsey) Limited, P.O. Box 25, Roseneath, the Grange, St. Peter Port,
Guernsey, Channel Island GY13AP. Clincher's principal business is as the general
partner of Waveland Capital. Waveland Capital's principal business is as the
general partner of Waveland and as Investment Advisor to Waveland International.
Waveland is a private investment partnership whose primary activities include
investments in marketable securities and private investments. Waveland
International is a private investment partnership whose primary activities
include investments in marketable securities and private investments.
ITEM 3. SOURCE AND AMOUNT OF FUNDS
--------------------------
Waveland International acquired shares of Common Stock from Waveland in
exchange for an equity interest in Waveland International.
ITEM 4. PURPOSE OF THE TRANSACTION
--------------------------
The purpose of the transaction for each of the Reporting Persons is for
investment. Each Reporting Person may from time to time make additional
purchases of the Issuer's Common Stock, $.001 par value per share ("Common
Stock"), or other securities of the Company, and may dispose of any or all of
such securities or of the Issuer's Common Stock held by it into which the
Preferred Stock may be converted. Each of the Reporting Persons, along with
certain other persons, purchased the Preferred Stock pursuant to a Convertible
Preferred Stock Purchase Agreement described in Item
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CUSIP No. 097189 10 4 Page 7 of 12 Pages
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6 hereto. On July 1, 1998, Reporting Persons converted their Preferred Shares to
Common.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
------------------------------------
(a) (b) The beneficial ownership and voting and dispositive power of
each of the Reporting Persons over Common Stock of the Issuer as of the date
hereof is as follows:
(i) As of the close of business on July 1, 1998, Waveland
owned 6.1% of Common Stock of the Issuer as a result of
Waveland exercising its right of conversion with respect
to its 14,000 Preferred Shares. On July 2, 1998, Waveland
Partners transferred its 274,503 shares of Common Stock to
Waveland International.
(ii) Waveland International is the direct beneficial owner of
274,503 shares of Common Stock. Waveland may no longer be
deemed the direct beneficial owner of any such shares of
Common Stock of the Issuer. Waveland Capital has purchased
no shares of Common Stock of the Issuer solely for its own
account. However, Waveland Capital may be deemed to have
indirect beneficial ownership of the 274,503 shares of
Common Stock owned by Waveland International by virtue of
its discretionary voting and dispositive power over the
assets of Waveland International.
(iii) Clincher has purchased no shares of Common Stock of the
Issuer solely for its own account. However, by reason of
its position as General Partner of Waveland Capital, which
has discretionary voting and dispositive power over the
assets of Waveland International Clincher may be deemed to
have shared voting and dispositive power over the 274,503
shares of Common Stock owned by Waveland International.
(c) There have been no other transactions in the class of securities
reported on herein effected within the last sixty (60) days other than
the conversion of Preferred Stock and the transfer of Common Stock from
Waveland to Waveland International reported herein.
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CUSIP No. 097189 10 4 Page 8 of 12 Pages
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(d) Not applicable.
(e) Not applicable.
The number of shares beneficially owned and the percentage of outstanding shares
represented thereby, for each of the Reporting Persons, have been computed in
accordance with Rule 13D-3 under the Securities Exchange Act of 1934, as
amended. The percentages of ownership described above are based on 2,210,494
shares of Common Stock reported outstanding by the Issuer plus the new shares of
Common Stock issued by the Issuer as a result of the conversion on July 1, 1998
of all Company Preferred Stock then issued and outstanding.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
--------------------------------
Exhibit A. Agreement of Joint Filing.
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CUSIP No. 097189 10 4 Page 9 of 12 Pages
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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.
This statement may be executed in any number of counterparts, each of which
shall be deemed an original and all of which shall constitute one (1)
instrument.
WAVELAND PARTNERS, L.P.
By: Waveland Capital Management, L.P.
Its: General Partner
By: Clincher Capital Corporation
Its: Partner
By: /s/David S. Richter
--------------------------------
David S. Richter, President
Dated as of: July 24, 1998
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CUSIP No. 097189 10 4 Page 10 of 12 Pages
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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.
This statement may be executed in any number of counterparts, each of which
shall be deemed an original and all of which shall constitute one (1)
instrument.
WAVELAND CAPITAL MANAGEMENT, L.P.
By: Clincher Capital Corporation
Its: General Partner
By: /s/David S. Richter
----------------------------
David S. Richter, President
Dated as of: July 24, 1998
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CUSIP No. 097189 10 4 Page 11 of 12 Pages
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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.
This statement may be executed in any number of counterparts, each of which
shall be deemed an original and all of which shall constitute one (1)
instrument.
CLINCHER CAPITAL CORPORATION
By: /s/David S. Richter
---------------------------
David S. Richter, President
Dated as of: July 24, 1998
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CUSIP No. 097189 10 4 Page 12 of 12 Pages
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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.
This statement may be executed in any number of counterparts, each of which
shall be deemed an original and all of which shall constitute one (1)
instrument.
WAVELAND INTERNATIONAL, LTD
By: David S. Richter, Director
By: /s/David S. Richter
---------------------------
David S. Richter, Director
Dated as of: July 24, 1998
EXHIBIT A
AGREEMENT OF JOINT FILING
BOGEN COMMUNICATIONS INTERNATIONAL, INC.
COMMON STOCK, $0.001 PAR VALUE PER SHARE
In accordance with Rule 13D-1(f) under the Securities Exchange Act of
1934, as amended, the undersigned hereby confirm the agreement by and among them
to the join filing on behalf of each of them of a Statement on Schedule 13D and
any and all amendments thereto, with respect to the above referenced securities
and that this Agreement be included as an Exhibit to such filing.
This Agreement may be executed in any number of counterparts each of
which shall be deemed to be an original and all of which together shall be
deemed to constitute one and the same Agreement.
WITNESS WHEREOF, the undersigned hereby execute this Agreement as of
this 24th day of July, 1998.
WAVELAND INTERNATIONAL, LTD.
By: /s/David S. Richter
---------------------------------------
David S. Richter, Director
WAVELAND CAPITAL MANAGEMENT, L.P.
By: Clincher Capital Corporation
Its: General Partner
By: /s/David S. Richter
---------------------------------------
David S. Richter, President
CLINCHER CAPITAL CORPORATION
By: /s/David S. Richter
---------------------------------------
David S. Richter, President
