SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
(Amendment No. 3)(1)
FIELDWORKS, INCORPORATED
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
31659 P 103
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(CUSIP Number)
DAVID J. ADLER, ESQ.
OLSHAN GRUNDMAN FROME ROSENZWEIG & WOLOSKY LLP
505 Park Avenue
New York, New York 10022
(212) 753-7200
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 27, 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.
(Page 1 of 6 Pages)
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(1) 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 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. 31659 P 103 13D Page 2 of 6 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
KONTRON EMBEDDED COMPUTERS AG
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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 ITEM 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
GERMANY
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 5,069,492
OWNED BY --------------------------------------------------------------
EACH
REPORTING
PERSON WITH
8 SHARED VOTING POWER
6,000,000(2)
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9 SOLE DISPOSITIVE POWER
5,069,492
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10 SHARED DISPOSITIVE POWER
6,000,000(2)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
11,069,492
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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)
61 %
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 31659 P 103 13D Page 3 of 6 Pages
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
FWRKS ACQUISITION CORP.
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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*
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) / /
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6 CITIZENSHIP OR PLACE OR ORGANIZATION
DELAWARE
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY NONE
OWNED BY --------------------------------------------------------------
EACH
REPORTING
PERSON WITH
8 SHARED VOTING POWER
6,000,000(2)
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9 SOLE DISPOSITIVE POWER
NONE
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10 SHARED DISPOSITIVE POWER
6,000,000(2)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
6,000,000
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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)
40%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
(2) By virtue of the fact that FWRKS Acquisition Corp. is a
wholly-owned subsidiary of Kontron Embedded Computers AG, Kontron Embedded
Computers AG is deemed to share voting and dispositive power over the shares
beneficially owned by FWRKS Acquisition Corp.
<PAGE>
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CUSIP No. 31659 P 103 13D Page 4 of 6 Pages
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The following constitutes the Amendment No. 3 ("Amendment No. 3") to
the Schedule 13D filed by the undersigned. This Amendment No. 3 amends the
Schedule 13D as specifically set forth. (the "Schedule 13D").
Item 3 is hereby amended to add the following:
Item 3. Source and Amount of Funds or Other Consideration.
On December 4, 2000, the option granted to FWRKS under the
Purchase and Option Agreement closed. FWRKS paid the $5.4 million purchase price
called for in the Purchase and Option Agreement by canceling the Note and
forgiving $2.9 million of indebtedness due to Kontron under the Loan Agreement,
dated September 14, 2000, and amended on September 28, 2000 and November 9,
2000, by and between Kontron and the Issuer.
Kontron acquired Shares of the Issuer since filing its prior amendment to
Schedule 13D on November 22, 2000 through the following open-market
transactions:
Shares of Common Stock Price Per Date of
Purchased Share Purchase
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15,000 $0.90 11/13/00
7,500 $0.90 11/14/00
25,000 $0.90 11/17/00
10,000 $0.90 11/21/00
25,000 $0.90 11/22/00
15,000 $0.90 11/24/00
110,000 $0.90 11/27/00
32,500 $0.90 11/28/00
15,000 $0.90 12/01/00
Item 4 is hereby amended to add the following:
Item 4. Purpose of Transaction.
Upon the Closing of the option granted to FWRKS under the
Purchase and Option Agreement, the Board of Directors of Fieldworks was
reconstituted to be composed of the following directors: Michael E. Johnson,
David C. Malmberg, David G. Mell, Pierre McMaster, Rudolph Wieczorek and Thomas
Sparrvik. Messrs. McMaster, Wieczorek and Sparrvik are designees of the
Reporting Persons.
<PAGE>
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CUSIP No. 31659 P 103 13D Page 5 of 6 Pages
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Items 5(a) and 5(b) are hereby amended and restated to read as follows:
Item 5. Interest in Securities of the Issuer.
(a) The aggregate percentage of Shares of Common Stock
reported and owned by the Reporting Persons is based upon 8,894,426 Shares
outstanding, which is the total number of Shares of Common Stock outstanding as
reported in the Issuer's Quarterly Report on Form 10-Q for the fiscal quarter
ended October 1, 2000.
As of the close of business on December 1, 2000, FWRKS
beneficially owned 6,000,000 shares of Common Stock, constituting approximately
40% of the Shares outstanding, and Kontron beneficially owned 11,096,492 Shares
of Common Stock, inclusive of the Shares beneficially owned by FWRKS, which
constitutes approximately 61% of the Shares outstanding.
(b) The Board of Directors of FWRKS has the power to direct
the vote and disposition of the Shares owned by FWRKS.
The Board of Directors of Kontron has the power to direct the
vote and disposition of the 5,069,492 Shares owned by Kontron, and as the sole
shareholder of FWRKS, Kontron has indirect beneficial ownership of the Shares
owned by FWRKS because it owns all of the interests in FWRKS and can influence
voting, purchase or dispositions of the Shares by FWRKS.
<PAGE>
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CUSIP No. 31659 P 103 13D Page 6 of 6 Pages
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SIGNATURES
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After reasonable inquiry and to the best of its knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: December 11, 2000 FWRKS ACQUISITION CORP.
/s/ Pierre McMaster
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Name: Pierre McMaster
Title: President
KONTRON EMBEDDED COMPUTERS AG
/s/ Martina Haubold
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Name: Martina Haubold
Title: Chief Financial Officer
