<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5)
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)
DECEMBER 29, 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
---------------------- ------------------
--------------------------------------------------------------------------------
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 302,163 Shares
OWNED BY -------
EACH --------------------------------------------------
REPORTING
PERSON WITH 8 SHARED VOTING POWER
NONE
----
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
302,163 Shares
-------
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
NONE
----
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
302,163 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 3.29%. (Based on 8,894,426 Shares reported as outstanding as
---- ---------
of November 13, 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.
-2-
<PAGE>
SCHEDULE 13D
---------------------- ------------------
CUSIP No. 31659 P 10 3 Page 3 of 11 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
SHARES
BENEFICIALLY 302,163 Shares
OWNED BY -------
EACH --------------------------------------------------
REPORTING
PERSON WITH 8 SHARED VOTING POWER
NONE Shares
----
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
302,163 Shares
-------
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
NONE Shares
----
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
302,163 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 3.29%. (Based on 8,894,426 Shares reported as outstanding as
---- ---------
of November 13, 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.
-3-
<PAGE>
SCHEDULE 13D
---------------------- ------------------
CUSIP No. 31659 P 10 3 Page 4 of 11 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
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY NONE Shares
OWNED BY ----
EACH --------------------------------------------------
REPORTING
PERSON WITH 8 SHARED VOTING POWER
302,163 Shares
-------
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
NONE Shares
----
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
NONE Shares
----
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
302,163 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 3.29%. (Based on 8,894,426 Shares reported as outstanding as
---- ---------
of November 13, 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.
-4-
<PAGE>
SCHEDULE 13D
---------------------- ------------------
CUSIP No. 31659 P 10 3 Page 5 of 11 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
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY NONE Shares
OWNED BY ----
EACH --------------------------------------------------
REPORTING
PERSON WITH 8 SHARED VOTING POWER
302,163 Shares
-------
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
302,163 Shares
-------
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
NONE Shares
----
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
302,163 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 3.29%. (Based on 8,894,426 Shares reported as outstanding as
---- ---------
of November 13, 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.
-5-
<PAGE>
SCHEDULE 13D
---------------------- ------------------
CUSIP No. 31659 P 10 3 Page 6 of 11 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
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY NONE Shares
OWNED BY ----
EACH --------------------------------------------------
REPORTING
PERSON WITH 8 SHARED VOTING POWER
302,163 Shares
-------
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
302,163 Shares
-------
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
NONE Shares
----
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
302,163 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 3.29%. (Based on 8,894,426 Shares reported as outstanding as
---- ---------
of November 13, 2000)
-----------------
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
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.
-6-
<PAGE>
SCHEDULE 13D
---------------------- ------------------
CUSIP No. 31659 P 10 3 Page 7 of 11 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
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY NONE Shares
OWNED BY ----
EACH --------------------------------------------------
REPORTING
PERSON WITH 8 SHARED VOTING POWER
302,163 Shares
-------
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
302,163 Shares
-------
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
NONE Shares
----
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
302,163 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 3.29%. (Based on 8,894,426 Shares reported as outstanding as
---- ---------
of November 13, 2000)
-----------------
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
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.
-7-
<PAGE>
This Amendment No. 5 (the "Fifth 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");
(iv) Amendment No. 3 to the Statement, filed with the Commission on August 24,
2000 (the "Third Amendment); and (v) Amendment No. 4 to the Statement, filed
with the Commission on October 3, 2000, 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, Third and Fourth Amendments.
ITEM 4. PURPOSE OF TRANSACTION.
The response set forth in Item 4 of the Statement is hereby amended by
deleting the paragraph immediately before the last paragraph in such Item and
adding the following in its place:
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 (the "First Exercise"), 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 was to 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 undertook to exercise its rights under the Kontron Option to acquire the
remaining 20,000 Kontron Shares on December 1, 2000 by delivering to Kontron a
Notice of Exercise to purchase 20,000 Kontron Shares, in addition to the other
documents required to complete the Second Exercise. Pursuant to the terms of
the Kontron Option and the Second Notice of Exercise, IWHC was to acquire 20,000
Kontron Shares in exchange for 1,052,903.23 shares of Series B Preferred Stock,
which are convertible into 1,096,774 Shares.
Due to delays in completing certain documents required by German law
for Kontron to issue shares, the 42,000 Kontron Shares and 20,000 Kontron Shares
and certain documents were not delivered by the closing as required under the
terms of the Kontron Option, and the First Exercise and Second Exercise were not
completed as the documents contemplated. Due to the failed delivery, IWHC and
Kontron entered into a Stock Sale and Settlement Agreement, dated as of December
29, 2000 ("Settlement Agreement"). Under the Settlement Agreement, IWHC agreed
to surrender its right to receive cash in lieu of Kontron Shares with respect to
the First Exercise and sell to Kontron its remaining 1,986,000 shares of Series
B preferred Stock, which are convertible into 2,068,750 Shares, in exchange for
an additional 38,000 Kontron Shares. The exercise and closing of the Kontron
Option were deemed by the parties to have been completed on the date of the
Settlement Agreement.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The response set forth in Item 5 of the Statement is hereby amended by
deleting the second to 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 exercise
of the Kontron Option and Settlement Agreement 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 Settlement
Agreement, 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 302,162, which represents approximately 3.29% of the outstanding stock
of the Issuer on a fully diluted basis.
The response set forth in Item 5 of the Statement is further amended
by deleting the last paragraph of such Item and adding the following in its
place:
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) 4,250,000 shares of Series B Preferred Stock, convertible into
4,427,083 Shares, which represents all of the Series B Preferred Stock owned by
the Filing Persons.
-8-
<PAGE>
Because the Filing Persons no longer own 5% or more of any series of
Company stock, further amendments to this Schedule 13D are not contemplated.
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.*
7.h Stock Sale and Settlement Agreement, dated as of December 29,
2000, by and between Industrial-Works Holding Co., LLC and
Kontron Embedded Computes AG.
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: December 29, 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
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