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. 2)(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 6 , 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 7 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).
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CUSIP No. 31659 P 103 13D Page 2 of 7 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 4,814,492
OWNED BY
EACH
REPORTING -----------------------------------------------------------------
PERSON WITH
8 SHARED VOTING POWER
6,000,000(2)
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9 SOLE DISPOSITIVE POWER
4,814,492
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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
10,814,492
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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)
59 %
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 31659 P 103 13D Page 3 of 7 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 7 Pages
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The following constitutes the Amendment No. 2 ("Amendment No. 2") to
the Schedule 13D filed by the undersigned. This Amendment No. 2 amends the
Schedule 13D as specifically set forth. (the "Schedule 13D").
Item 2 is hereby amended and restated to read as follows:
ITEM 2. IDENTITY AND BACKGROUND.
(a) FWRKS Acquisition Corp., a Delaware corporation ("FWRKS"),
is a wholly owned subsidiary of Kontron Embedded Computers AG, a German
corporation ("Kontron").
The Executive Officers and Directors of FWRKS are as follows:
Name Title
Pierre McMaster President, Chief Executive Officer
and Director
Sylvain Castonguay Chief Financial Officer,
Treasurer, Secretary and Director
The Executive Officers and Directors of Kontron are as
follows:
Name Title
Hannes Niederhauser Chairman of the Managing Board and
Chief Executive Officer - Europe
Pierre McMaster Chief Executive Officer - America
and Member of Managing Board
Martina Haubold Chief Financial Officer, Member of
Managing Board
Rudi Wieczorek Chief Technology Officer, Member
of Managing Board
Elmer Zeising Chairman of Supervisory Board
Georg Baumgartner Member of Supervisory Board
Constantin Von Dziembowski Member of Supervisory Board
Thomas Sparrvik Member of Managing Board
Claude Letourneau Member of Managing Board
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CUSIP No. 31659 P 103 13D Page 5 of 7 Pages
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Ulrich Gehrmann Member of Managing Board
Michael Jeske Member of Supervisory Board
Dr. Kurt Gustav Neumeister Member of Supervisory Board
Pierre Barnard Member of Supervisory Board
FWRKS, Kontron and each of the foregoing individuals are
referred to as a "Reporting Person" and collectively as the "Reporting Persons."
(b) The principal business address of FWRKS is c/o National
Corporate Research, Ltd., 615 South Dupont Highway, Dover, DE 19901.
The principal business address of Kontron is Oskar von
Millerstrasse. 1, D-85386 Eching, Germany.
(c) The principal business of FWRKS is to act as a holding
company.
The principal business of Kontron is the design, manufacture
and marketing of embedded computer systems.
(d) During the last five years, no Reporting Person has been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, no Reporting Person has 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.
(f) Messrs. McMaster, Castonguay, Letourneau and Barnard are
Canadian citizens, Mr. Niederhauser is an Austrian citizen, Mr. Sparrvik is a
Swedish citizen and Ms. Haubold and Messrs. Wieczorek, Zeising, Baumgartner,
Dzeimbowski, Jeske, Gehrmann and Neumeister are German citizens.
Item 3 is hereby amended to add the following:
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
On September 14, 2000 Kontron entered into a Loan Agreement
with the Issuer, in which Kontron agreed to grant the Issuer a credit line of up
to $1 million through December 15, 2000, when all accumulated borrowings are
due. Interest on the Loan Agreement is 11% per annum, calculated on a daily
basis, and payable 15 days after the end of each month. Proceeds from this Loan
Agreement are to be used by the Issuer to fund its operating requirements. On
September 28,
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CUSIP No. 31659 P 103 13D Page 6 of 7 Pages
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2000, however, this credit line was increased to a maximum of $2 million and on
November 9, 2000, it was further increased to a maximum of $5 million.
Kontron acquired Shares of the Issuer since filing its prior
amendment to Schedule 13D on September 19, 2000 through the following
open-market transactions:
Shares of Common Stock Price Per Date of
Purchased Share Purchase
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15,000 $0.75 8/21/00
10,000 $0.75 8/22/00
5,000 $1.00 10/10/00
5,000 $1.00 10/12/00
15,000 $1.00 10/13/00
15,000 $1.00 10/16/00
10,000 $1.00 10/17/00
2,500 $1.00 10/18/00
20,000 $1.00 10/23/00
15,000 $1.00 10/25/00
10,000 $1.00 10/30/00
10,000 $1.00 10/31/00
25,000 $0.90 11/6/00
20,000 $0.90 11/9/00
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 July 2, 2000.
As of the close of business on November 9, 2000, FWRKS
beneficially owned 6,000,000 shares of Common Stock, constituting approximately
40% of the Shares outstanding, and
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CUSIP No. 31659 P 103 13D Page 7 of 7 Pages
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Kontron beneficially owned 10,814,492 Shares of Common Stock, inclusive of the
Shares beneficially owned by FWRKS, which constitutes approximately 59% 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 4,814,492 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.
SIGNATURES
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: November 21, 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
