<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 4)
FIELDWORKS, INCORPORATED
------------------------
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
31659 P 10 3
------------------
(CUSIP Number)
Michael E. Johnson
Robert D.D. Forbes
Glenmount International, L.P.
19200 Von Karman Avenue, Suite 400
Irvine, California 92612-8512
(949) 475-0055
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
OCTOBER 3, 2000
(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.
*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>
SCHEDULE 13D
------------------------------- -------------------------------
CUSIP No. 31659 P 10 3 Page 2 of 11 Pages
------------------------------- -------------------------------
<TABLE>
<C> <S> <C>
-------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Industrial-Works Holding Co., LLC.
-------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
-------------------------------------------------------------------------------
3 SEC USE ONLY
-------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
-------------------------------------------------------------------------------
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 3,443,649 Shares
OWNED BY --------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH NONE
--------------------------------------------------------
9 SOLE DISPOSITIVE POWER
3,443,649 Shares
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
NONE
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,443,649 Shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES
CERTAIN SHARES [X]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 27.9%. (Based on 8,894,426 Shares reported as
outstanding as of August 9, 2000)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
------------------------------- -------------------------------
CUSIP No. 31659 P 10 3 Page 3 of 11 Pages
------------------------------- -------------------------------
<TABLE>
<C> <S> <C>
--------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Glenmount International, 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
--------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 3,443,649 Shares
BENEFICIALLY -----------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING NONE Shares
PERSON WITH -----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
3,443,649 Shares
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
NONE Shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,443,649 Shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES
CERTAIN SHARES [X]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 27.9% (Based on 8,894,426 Shares reported as
outstanding as of August 9, 2000)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
--------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
------------------------------- -------------------------------
CUSIP No. 31659 P 10 3 Page 4 of 11 Pages
------------------------------- -------------------------------
<TABLE>
<C> <S> <C>
--------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Glenmount, LLC
--------------------------------------------------------------------------------
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 NONE Shares
OWNED BY -----------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 3,443,649 Shares
------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
NONE Shares
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
NONE Shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,443,649 Shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES
CERTAIN SHARES [X]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 27.9% (Based on 8,894,426 Shares reported as
outstanding as of August 9, 2000)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
------------------------------- -------------------------------
CUSIP No. 31659 P 10 3 Page 5 of 11 Pages
------------------------------- -------------------------------
<TABLE>
<C> <S> <C>
--------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Glenmount Investment, LLC
--------------------------------------------------------------------------------
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 NONE Shares
OWNED BY ---------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 3,443,649 Shares
---------------------------------------------------------
9 SOLE DISPOSITIVE POWER
3,443,649 Shares
---------------------------------------------------------
10 SHARED DISPOSITIVE POWER
NONE Shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,443,649 Shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES
CERTAIN SHARES [X]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 27.9% (Based on 8,894,426 Shares reported as
outstanding as of August 9, 2000)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
--------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
------------------------------- -------------------------------
CUSIP No. 31659 P 10 3 Page 6 of 11 Pages
------------------------------- -------------------------------
<TABLE>
<C> <S> <C>
--------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michael E. Johnson
--------------------------------------------------------------------------------
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
United States
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY NONE Shares
OWNED BY ----------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 3,443,649 Shares
----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
3,443,649 Shares
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
NONE Shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,443,649 Shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES
CERTAIN SHARES [X]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 27.9% (Based on 8,894,426 Shares reported as
outstanding as of August 9, 2000)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
SCHEDULE 13D
------------------------------- -------------------------------
CUSIP No. 31659 P 10 3 Page 7 of 11 Pages
------------------------------- -------------------------------
<TABLE>
<C> <S> <C>
--------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robert D.D. Forbes
--------------------------------------------------------------------------------
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
Canada
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY NONE Shares
OWNED BY -----------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 3,443,649 Shares
-----------------------------------------------------------
9 SOLE DISPOSITIVE POWER
3,443,649 Shares
-----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
NONE Shares
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,443,649 Shares
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES
CERTAIN SHARES [X]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 27.9% (Based on 8,894,426 Shares reported as
outstanding as of August 9, 2000)
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
--------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
This Amendment No. 4 (the "Fourth Amendment") amends and supplements (i)
the statement on Schedule 13D (the "Statement") filed with the Securities
Exchange Commission (the "Commission") on December 4, 1999, by Industrial-Works
Holding Corp., a Delaware corporation ("IWH"), Glenmount International, L.P., a
Delaware limited partnership and sole shareholder of IWH ("GILP"), Glenmount,
LLC, a Delaware limited liability company and manager of GILP ("GLLC"),
Glenmount Investment, LLC, a Delaware limited liability company and the general
partner of GILP ("GILC"), and the managers of GLLC to report their interest in
shares of Series B Preferred Stock (the "Series B Preferred Stock"), convertible
into shares of Common Stock (the "Shares") of Fieldworks, Incorporated, a
Minnesota corporation (the "Issuer"), (ii) Amendment No. 1 to the Statement,
filed with the Commission on March 3, 2000, by Industrial-Works Holding Co.,
LLC, a Delaware limited liability company and successor of IWH ("IWHC"), GILP,
the sole member of IWHC, GLLC, GILC, and the managers of GLLC(collectively,
IWHC, GILP, GLLC, GILC, and the managers of GLLC are the "Filing Persons")(the
"First Amendment"); (iii) Amendment No. 2 to the Statement, filed with the
Commission on April 6, 2000, by the Filing Persons (the "Second Amendment"); and
(iv) Amendment No. 3 to the Statement, filed with the Commission on August 24,
2000. The Fourth Amendment is filed by the Filing Persons. Capitalized terms not
otherwise defined shall have the same meanings as set forth in the Statement, as
amended by the First, Second, and Third Amendments.
ITEM 4. PURPOSE OF TRANSACTION.
The response set forth in Item 4 of the Statement is hereby amended by
inserting the following paragraph immediately before the last paragraph in such
Item:
After considering all applicable market factors and evaluating its
current investment strategies, IWHC undertook a partial exercise of its rights
under the Kontron Option on October 3, 2000, by delivering to Kontron a Notice
of Exercise to purchase 42,000 Kontron Shares, in addition to the other
documents required to complete the partial exercise of the Kontron Option.
Pursuant to the terms of the Kontron Option and the Notice of Exercise, IWHC
will acquire 42,000 Kontron Shares in exchange for (i) 500,000 shares of Series
C Preferred Stock, and (ii) 1,211,096.77 shares of Series B Preferred Stock,
both of which together are convertible into 2,303,226 Shares. IWHC has not yet
received the certificates evidencing the 42,000 Kontron Shares. IWHC may
exercise its rights under the Kontron Option to acquire the remaining 20,000
Kontron Shares until February 15, 2001, at which time the Kontron Option will
expire.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The response set forth in Item 5 of the Statement is hereby amended by
deleting the last sentence in the third paragraph of such Item, and adding the
following in its place:
The transfer to Kontron by IWHC of the shares of the Series C Preferred
Stock and the Series B Preferred Stock in connection with the partial exercise
of the Kontron Option will decrease by 2,303,226 the number of Shares owned or
controlled by IWHC. Therefore, following the completion of the partial
exercise of the Kontron Option, and the transfer to Kontron of the Series B
Preferred Stock and Series C Preferred Stock, the total number of Shares that
IWHC may acquire through the exercise of its conversion rights and the First and
Second Warrants will be 3,443,649, which represents approximately 27.9% of the
outstanding stock of the Issuer.
The response set forth in Item 5 of the Statement is further amended by
adding the following as the last paragraph of such Item:
In the past sixty days, the Filing Persons have disposed of (i) 500,000
shares of Series C Preferred Stock, convertible into 1,041,667 Shares, which
represents all of the Series C Preferred Stock owned by the Filing Persons, and
(ii) 1,211,096.77 shares of Series B Preferred Stock, convertible into 1,261,559
Shares.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
The response set forth in Item 7 of the Statement is amended and restated
as follows:
7.a Agreement to File a Joint Statement on Schedule 13-D (to which IWH
succeeded by merger).*
8
<PAGE>
7.b Securities Purchase Agreement, dated as of November 20, 1999, by and
among Fieldworks, Incorporated, and Industrial-Works Holding Corp.*
7.c Voting Agreement by and among Fieldworks, Incorporated, certain
shareholders of Fieldworks, Incorporated, and Industrial-Works
Holding Corp. (Exhibit D to Securities Purchase Agreement)*
7.d Commitment Letter by and between Fieldworks, Incorporated and
Industrial-Works Holding Co., LLC, dated February 18, 2000.*
7.e Preferred Stock Purchase Agreement, dated as of March 31, 2000, by
and between Fieldworks, Incorporated, and Industrial-Works Holding
Co., LLC.*
7.f Commitment Letter by and between Fieldworks, Incorporated and
Industrial-Works Holding Co., LLC, dated March 31, 2000.*
7.g Option of Industrial-Works Holding Co., LLC to acquire shares of
Kontron Embedded Computers AG, dated June 29, 2000, and August 16,
2000 amendment thereto.*
NOTE: Items marked with a "*" have previously been filed with the
Securities Exchange Commission, and are hereby incorporated by
reference.
9
<PAGE>
SIGNATURES
After due 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: October 10, 2000
INDUSTRIAL-WORKS HOLDING CO., LLC
By: GLENMOUNT INTERNATIONAL, L.P., Member
By: GLENMOUNT INVESTMENT, LLC, General Partner
By: /s/ Michael E. Johnson
------------------------------
Michael E. Johnson
Managing Director
By: /s/ Robert D.D. Forbes
-------------------------------
Robert D.D. Forbes
Managing Director
GLENMOUNT INTERNATIONAL, L.P.
By: GLENMOUNT INVESTMENT, LLC, General Partner
By: /s/ Michael E. Johnson
-------------------------------
Michael E. Johnson
Managing Director
By: /s/ Robert D.D. Forbes
-------------------------------
Robert D.D. Forbes
Managing Director
GLENMOUNT INVESTMENT, LLC
By: /s/ Michael E. Johnson
------------------------------
Michael E. Johnson
Managing Director
By: /s/ Robert D.D. Forbes
------------------------------
Robert D.D. Forbes
Managing Director
10
<PAGE>
GLENMOUNT, LLC
By: /s/ Michael E. Johnson
------------------------------
Michael E. Johnson
Managing Director
By: /s/ Robert D.D. Forbes
------------------------------
Robert D.D. Forbes
Managing Director
/s/ Michael E. Johnson
-------------------------------------------
MICHAEL E. JOHNSON, an individual
/s/ Robert D.D. Forbes
-------------------------------------------
ROBERT D.D. FORBES, an individual
11
