<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)
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)
AUGUST 16, 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 12 Pages
-------------- - --
----------------------------- ---------------------------
------------------------------------------------------------------------------
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
5,746,875 Shares
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY NONE
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
5,746,875 Shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
NONE
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,746,875 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 39%. (Based on 8,894,426 Shares reported as outstanding as
--- ---------
of May 9, 2000)
-----------
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
oo
------------------------------------------------------------------------------
*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 12 Pages
-------------- - --
----------------------------- ---------------------------
------------------------------------------------------------------------------
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
------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
5,746,875 Shares
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY NONE Shares
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
5,746,875 Shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
NONE Shares
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,746,875 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 39%. (Based on 8,894,426 Shares reported as outstanding as
--- ---------
of May 9, 2000)
-----------
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
------------------------------------------------------------------------------
*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 12 Pages
------------ - --
------------------------------------------------------------------------------
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
------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
NONE Shares
SHARES -----------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 5,746,875 Shares
-----------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
NONE Shares
PERSON -----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
WITH
NONE Shares
------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,746,875 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 39%. (Based on 8,894,426 Shares reported as outstanding as
of May 9, 2000)
------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
------------------------------------------------------------------------------
*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 12 Pages
------------ - --
------------------------------------------------------------------------------
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
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
NONE Shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 5,746,875 Shares
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
5,746,875 Shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
NONE Shares
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
5,746,875 Shares
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES
12
[X]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
13
Approximately 39%. (Based on 8,894,426 Shares reported as outstanding as
of May 9, 2000)
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
OO
------------------------------------------------------------------------------
*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 12 Pages
-----------------
------------------------------------------------------------------------------
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
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
NONE Shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 5,746,875 Shares
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
5,746,875 Shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
NONE Shares
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
5,746,875 Shares
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES
12
[X]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
13
Approximately 39%. (Based on 8,894,426 Shares reported as outstanding as
of May 9, 2000)
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
IN
------------------------------------------------------------------------------
*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 12 Pages
-----------------
------------------------------------------------------------------------------
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
------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
NONE Shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
OWNED BY 5,746,875 Shares
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
5,746,875 Shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
NONE Shares
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
5,746,875 Shares
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES
12
[X]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
13
Approximately 39%. (Based on 8,894,426 Shares reported as outstanding as
of May 9, 2000)
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
IN
------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDING BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE>
This Amendment No. 3 (the "Third 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"); and (iii) Amendment No. 2 to the Statement, filed with the
Commission on April 6, 2000, by the Filing Persons (the "Second Amendment"). The
Third 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 Amendment and the Second Amendment.
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:
In connection with an agreement by which Kontron Embedded Computers,
A.G. ("Kontron") purchased notes and acquired other rights from the Issuer, IWHC
has acquired the right (but not the obligation) to sell to Kontron shares of
Series B Preferred Stock and shares of Series C Preferred Stock, presently held
by IWHC, exercisable, in the aggregate, for 3,400,000 shares of the Issuer in
exchange for 62,000 bearer shares of Kontron (the "Kontron Shares"; the "Kontron
Option"). IWHC's rights under the Kontron Option became exercisable (as of
October 1, 2000) on August 16, 2000, when IWHC received notice that Kontron had
elected to acquire additional Shares directly from the Issuer, pursuant to a
separate agreement between Kontron and the Issuer. Both the original purchase
agreement between Kontron and the Issuer (which created Kontron's right to
acquire shares from the Issuer) and the agreement giving rights to IWHC were
originally signed on June 30, 2000, but IWHC's rights did not arise until August
16, 2000. As of the date of this filing, IWHC has not exercised the Kontron
Option and is not obligated to do so in the future. If IWHC does exercise its
rights under the Kontron Option at a future date, it will do so after
considering a number of factors, including but not limited to (i) whether the
shareholders of the Issuer will approve the transactions contemplated by the
Kontron Option; (ii) the market price of the shares and the Kontron Shares;
(iii) the Issuer's and Kontron's projected financial performance; and (iv) other
relevant factors. The Kontron Option expires if it is not exercised prior to
February 15, 2001. The Kontron Option, which is included as Exhibit 7.g to this
filing, contains additional terms and restrictions with respect to IWHC's
exercise of the Kontron Option and the acquisition of the Kontron Shares.
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 paragraph and by inserting the following paragraph immediately
after the second paragraph in such Item:
Due to anti-dilution adjustments, the number of shares issuable on
conversion of the Series B Preferred Stock was adjusted to 4,427,083 shares on
conversion at a new conversion price of $0.96 per share pursuant to Section 7(b)
and 7(f) of the Resolution Establishing the Series, Setting Forth the
Designation and Fixing the Relative Rights and Preferences of Series B
Convertible Participating Preferred Stock attached as Exhibit A to the
Securities Purchase Agreement dated November 20, 1999. In addition, the number
of shares issuable on conversion of the Series C preferred stock was adjusted to
1,000,000 shares at a conversion price of $1.00 per share effective pursuant to
Section 6(f) of the Resolution Establishing the Series, Setting Forth the
designation and Fixing the Relative Rights and Preferences of Series C
Convertible Participating Preferred Stock attached as Exhibit A to the Preferred
Stock Purchase Agreement dated March 2000 ("Exhibit A"). Subsequently, the
1,000,000 shares issuable on conversion were further adjusted to 1,041,667 at a
new conversion price of $0.96 per share pursuant to Section 6(b) and 6(g) of
Exhibit A. The immediate right to acquire an additional 267,000 shares through
exercise of the First and Second Warrants has been adjusted to 278,125 shares
pursuant to Section 4(c) of the Warrants. Therefore, the total number of Shares
which can be acquired by exercising conversion rights and warrants has been
adjusted to 5,746,875 which represents approximately 39% of the outstanding
stock of the Issuer.
8
<PAGE>
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS WITH RESPECT TO SECURITIES OF
THE ISSUER.
The response set forth in Item 6 of the Statement is amended and
restated as follows:
The persons filing this Statement disclaim the existence of a group
and, except as noted, disclaim beneficial ownership of the Shares held by the
other persons filing this Statement. Except for the Securities Purchase
Agreement, the Voting Agreement, the Management Agreement, the Stock Purchase
Agreement, the Revised Commitment, the Kontron Option, and the agreement among
the Filing Persons to file a joint statement on Schedule 13-D, there are no
contracts, arrangements or understandings among the Filing Persons and other
parties with respect to securities of the Issuer.
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).*
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: _________, 2000
INDUSTRIAL-WORKS HOLDING CO., LLC
By: GLENMOUNT INTERNATIONAL, L.P., Member
By: GLENMOUNT INVESTMENT, LLC, General Partner
By:___________________________
Michael E. Johnson
Managing Director
By:___________________________
Robert D.D. Forbes
Managing Director
GLENMOUNT INTERNATIONAL, L.P.
By: GLENMOUNT INVESTMENT, LLC, General Partner
By:________________________________
Michael E. Johnson
Managing Director
By:_________________________________
Robert D.D. Forbes
Managing Director
GLENMOUNT INVESTMENT, LLC
By:_________________________________
Michael E. Johnson
Managing Director
By:_________________________________
Robert D.D. Forbes
Managing Director
10
<PAGE>
GLENMOUNT, LLC
By:____________________________
Michael E. Johnson
Managing Director
By:____________________________
Robert D.D. Forbes
Managing Director
____________________________________
MICHAEL E. JOHNSON, an individual
____________________________________
ROBERT D.D. FORBES, an individual
11
