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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 1)*
Laser Power Corporation
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(Name of Issuer)
common stock, par value $.001 per share
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(Title of Class of Securities)
51806K 10 4
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(CUSIP Number)
Richard C. Laird
Executive Vice President
Union Miniere USA Inc.
3120 Highwoods Blvd, Ste. 110
Raleigh, NC 27604
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
April 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 that is the subject of this Schedule 13D, and is
filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box. |_|
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7(b) for other
parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 14 pages)
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*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).
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<PAGE>
SCHEDULE 13D
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CUSIP No. 51806K 10 4 Page 2 of 14 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
n.v. Union Miniere s.a.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC, CO
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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 OF ORGANIZATION
Belgium
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7 SOLE VOTING POWER
0
NUMBER OF ---------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 957,795
OWNED BY ---------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON ---------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
957,795
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
957,795
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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)
9.8%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
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CUSIP No. 51806K 10 4 Page 3 of 14 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Union Miniere USA Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC, CO
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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 OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
0
NUMBER OF ---------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 957,795
OWNED BY ---------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
PERSON ---------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
957,795
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
957,795
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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)
9.8%
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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. 51806K 10 4 Page 4 of 14 Pages
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This Amendment No. 1 to Schedule 13D relating to the common
stock, par value $0.001 per share, of Laser Power Corporation, a Delaware
corporation, ("Laser Power") is being filed on behalf of (i) Union Miniere USA
Inc., a Delaware corporation formerly known as Union Miniere Inc., by virtue of
its direct beneficial ownership of Laser Power's common stock and (ii) n.v.
Union Miniere s.a., a Belgian corporation, which owns approximately 82% of the
stock of Union Miniere USA Inc. The remaining stock of Union Miniere USA Inc. is
held by n.v. Sogem s.a., a Belgian corporation, virtually all of the outstanding
shares of which are held by n.v. Union Miniere s.a.. This Amendment No. 1 is
being filed to amend the Schedule 13D which was originally filed with the
Securities and Exchange Commission ("SEC") on October 6, 1999 (the "Schedule
13D"). Unless otherwise indicated, all capitalized terms used herein but not
defined herein shall have the meaning as set forth in the Schedule 13D.
Item 1 Security and Issuer
Item 1 is hereby amended to state in its entirety as follows:
This statement relates to the common stock, par value $0.001
per share, of Laser Power Corporation, a Delaware corporation. The address of
the principal executive offices of Laser Power is 36570 Briggs Road, Murrieta,
California 92563.
Item 2 Identity and Background
Item 2 is hereby amended to add the following information:
Since the filing of the Schedule 13D on October 6, 1999, the
name of Union Miniere Inc. has been changed to Union Miniere USA Inc.
Attached hereto is a revised version of Schedule A.
Item 3 Source and Amount of Funds or Other Consideration
Item 3 is hereby amended to add the following information:
Union Miniere USA Inc. was the holder of debentures from Laser
Power that were convertible into 358,918 shares of Laser Power's common stock at
a conversion price of $4.625 per share. The debentures were convertible into
common stock of Laser Power at any time prior to the earlier of (1) their
maturity on November 2, 2000, or (2) their redemption by Laser Power. In March
2000, Laser Power notified Union Miniere USA Inc. pursuant to a notice dated
March 6, 2000 that it intended to exercise its right to redeem the debentures
and on April 6, 2000, Laser Power redeemed the debentures for an aggregate
redemption price of approximately $1,820,000.
Item 4 Purpose of Transaction
Item 4 is hereby amended to add the following information:
<PAGE>
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CUSIP No. 51806K 10 4 Page 5 of 14 Pages
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As discussed in Item 3, on April 6, 2000, Laser Power redeemed
the convertible debentures held by Union Miniere USA Inc. In addition, the
warrants to purchase Laser Power's common stock held by Union Miniere USA Inc.
on October 6, 1999 have either expired or been exercised.
Depending on market conditions and other factors, including
its evaluation of Laser Power's businesses and prospects, availability of funds,
alternative uses of funds and general economic conditions, Union Miniere USA
Inc. may from time to time acquire shares of Laser Power's stock in the open
market or in privately negotiated transactions, hold any shares so acquired,
dispose of all or a portion of its investment in Laser Power in the open market
or in privately negotiated transactions, or consider engaging in one or more of
the transactions addressed by the Confidentiality Agreement described in the
Schedule 13D.
Item 5 Interest in Securities of Laser Power
Item 5 is hereby amended to state in its entirety as follows:
(a) Union Miniere USA Inc. is the beneficial owner of 957,795
shares of Laser Power's common stock. Because n.v. Union Miniere s.a. owns,
directly or indirectly, virtually all of the shares of outstanding stock of
Union Miniere USA Inc., n.v. Union Miniere s.a. beneficially owns all of these
shares. The shares beneficially owned by the Reporting Persons represent
approximately 9.8% of Laser Power's outstanding common stock (calculated as
required by Rule 13d-3(d)(1) and based on there being 9,808,908 shares of Laser
Power common stock outstanding on March 29, 2000, according to the transfer
agent for Laser Power's common stock).
Richard C. Laird is the beneficial owner of 9,465 shares of
Laser Power's common stock, excluding shares beneficially owned by Union Miniere
USA Inc., of which Mr. Laird may be deemed to have, but disclaims, beneficial
ownership. These shares represent less than 1% of Laser Power's common stock. To
the best of the Reporting Persons' knowledge, none of the other directors or
executive officers of the Reporting Persons beneficially owns shares of Laser
Power's common stock.
(b) The Reporting Persons may be deemed to share with each
other voting and dispositive power over all of the shares of Laser Power's
common stock they beneficially own and, to the best of the Reporting Persons'
knowledge, Mr. Laird has sole voting and dispositive power over his shares of
Laser Power common stock.
(c) Except as otherwise set forth in this statement, neither
of the Reporting Persons nor, to the best of their knowledge, any of their
directors or executive officers has effected any transactions in Laser Power's
common stock during the past 60 days.
(d) No person other than the Reporting Persons has the right
to receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, the shares of Laser Power's common stock beneficially owned by
Union Miniere USA Inc. or, to the best of the Reporting Persons' knowledge, Mr.
Laird.
<PAGE>
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CUSIP No. 51806K 10 4 Page 6 of 14 Pages
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(e) The Reporting Persons have not ceased being the beneficial
owner of more than 5% of Laser Power's outstanding common stock.
Item 6 Contracts, Arrangements, Understandings or Relationships with
Respect to Securities of Laser Power
Item 6 is hereby amended to state in its entirety as follows:
Laser Power entered into a Registration Rights Agreement with
Union Miniere USA Inc. and another Laser Power stockholder, dated May 1997, (the
"Registration Rights Agreement") pursuant to which the stockholders have the
right in certain circumstances to require Laser Power to register their shares
of Laser Power common stock for resale under the Securities Act. Except in
limited circumstances, Laser Power is obligated to pay all expenses in
connection with such registration. A copy of the form of the Registration Rights
Agreement has been filed with the SEC by Laser Power and is incorporated herein
by reference.
As described in response to Item 4 above, Union Miniere USA
Inc. is a party to the Confidentiality Agreement that contains certain
standstill provisions. A copy of the Confidentiality Agreement is filed as an
exhibit hereto and is incorporated herein by reference.
<PAGE>
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CUSIP No. 51806K 10 4 Page 7 of 14 Pages
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Item 7 Material to be Filed as Exhibits
Exhibit Description
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1 Joint Filing Agreement
2 Confidentiality Agreement between Laser Power and Union
Miniere USA Inc., dated February 25, 1999.*
3 Form of Registration Rights Agreement, dated May 1997, by and
among Laser Power Corporation, Union Miniere USA Inc. and
Proxima Corporation. (2)
4 Series A Convertible Subordinated Debenture, dated December
29, 1988, issued by Laser Power Corporation to Union Mines
Inc. (and later assigned to Union Miniere USA Inc.) (1)
5 Series A Convertible Subordinated Debenture, dated June 18,
1990, issued by Laser Power Corporation to Union Mines Inc.
(and later assigned to Union Miniere USA Inc.) (1)
6 Form of Amendment to Convertible Subordinated Debentures by
and between Laser Power Corporation and Union Miniere USA
Inc., dated as of May 1997. (2)
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*Previously filed.
(1) Incorporated by reference to Laser Power's Registration Statement on Form
SB-2, No. 333-24421, as filed on April 2, 1997.
(2) Incorporated by reference to Laser Power's Registration Statement on Form
SB-2, No. 333-24421, as filed on June 10, 1997.
<PAGE>
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CUSIP No. 51806K 10 4 Page 8 of 14 Pages
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SIGNATURE
After reasonable inquiry and to the best of our knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
Dated: April 7, 2000 n.v. Union Miniere s.a.
/s/ Thomas Leysen
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Name: Thomas Leysen
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Title: Executive Vice President
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Dated: April 7, 2000 Union Miniere USA Inc.
/s/ Richard C. Laird
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Richard C. Laird
Executive Vice President
<PAGE>
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CUSIP No. 51806K 10 4 Page 9 of 14 Pages
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Exhibit Index
Exhibit Description
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1 Joint Filing Agreement
2 Confidentiality Agreement between Laser Power and Union
Miniere USA Inc., dated February 25, 1999.*
3 Form of Registration Rights Agreement, dated May 1997, by and
among Laser Power Corporation, Union Miniere USA Inc. and
Proxima Corporation. (2)
4 Series A Convertible Subordinated Debenture, dated December
29, 1988, issued by Laser Power Corporation to Union Mines
Inc. (and later assigned to Union Miniere USA Inc.) (1)
5 Series A Convertible Subordinated Debenture, dated June 18,
1990, issued by Laser Power Corporation to Union Mines Inc.
(and later assigned to Union Miniere USA Inc.) (1)
6 Form of Amendment to Convertible Subordinated Debentures by
and between Laser Power Corporation and Union Miniere USA
Inc., dated as of May 1997. (2)
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*Previously filed.
(1) Incorporated by reference to Laser Power's Registration Statement on Form
SB-2, No. 333-24421, as filed on April 2, 1997.
(2) Incorporated by reference to Laser Power's Registration Statement on Form
SB-2, No. 333-24421, as filed on June 10, 1997.
<PAGE>
Page 10 of 14 Pages
Schedule A
<TABLE>
<CAPTION>
Name, Address and Position with Present Principal Occupation (if other
Country of Citizenship Union Miniere USA than position with Union
Inc./Position with Miniere USA Inc. or n.v. Union
n.v. Union Miniere s.a. Miniere s.a.)
<S> <C> <C>
Arnoud de Pret Director, Chairman and
c/o Union Miniere USA Inc. President/Chief Financial
3120 Highwoods Blvd., Ste. 110 Officer
Raleigh, North Carolina 27604
(Belgian Citizen)
Etiene Denis Director/Vice President Chief Executive Officer of Siebka s.a., a
c/o n.v. Union Miniere s.a. subsidiary of n.v. Union Miniere s.a.
Rue du Marais 31 engaged in the natural and synthetic
B-1000 diamond sectors and the production of
Brussels, Belgium diamond tools.
(Belgian Citizen)
Richard C. Laird Director and Executive
c/o Union Miniere USA Inc. Vice President/None
3120 Highwoods Blvd., Ste. 110
Raleigh, North Carolina 27604
(U.S. Citizen)
Mark Caffarey Director/Executive Vice President of Sogem USA Inc., a subsidiary
c/o Sogem USA Inc. President of Union Miniere USA Inc. which acts as
3120 Highwoods Blvd., Ste. 110 the trading arm of Union Miniere USA Inc.
Raleigh, North Carolina 27604 and n.v. Union Miniere s.a.
(U.K. Citizen)
Alain deMuyter Director/None Chief Financial Officer of n.v. Sogem s.a.
c/o n.v. Union Miniere s.a.
Rue du Marais 31
B-1000
Brussels, Belgium
(Belgian Citizen)
Alain Godefroid Director/Senior Vice
c/o n.v. Union Miniere s.a. President, Legal and
Rue du Marais 31 Environmental Affairs
B-1000
Brussels, Belgium
(Belgian Citizen)
</TABLE>
<PAGE>
Page 11 of 14 Pages
<TABLE>
<CAPTION>
Name, Address and Position with Present Principal Occupation (if other
Country of Citizenship Union Miniere USA than position with Union
Inc./Position with Miniere USA Inc. or n.v. Union
n.v. Union Miniere s.a. Miniere s.a.)
<S> <C> <C>
Marc Van Sande Director/Executive Vice
c/o Union Miniere USA Inc. President
3120 Highwoods Blvd., Ste. 110
Raleigh, North Carolina 27604
(Belgian Citizen)
Chris Tybaert General Manager, Carolmet
c/o Carolmet Division/None
17180 Airport Road
Maxton, North Carolina 28364
(Belgian Citizen)
Frank Shinneman Manager--Venture Unit,
c/o Union Miniere USA Inc. U.S. Operations
3120 Highwoods Blvd., Ste. 110
Raleigh, North Carolina 27604
(U.S. Citizen)
Ignace de Ruijter General Manager--U.S.
c/o Semiconductor Processing Company Operations, Electro-Optic
12 Channel Street, No. 702 Materials Division
Boston, Massachusetts 02210
(Belgian Citizen)
Etienne Davignon None/Chairman of the Chairman of Societe Generale de Belique, a
c/o Societe Generale de Belgique Board holding company.
Rue Royale 30
1000 Brussels
(Belgian Citizen)
Karel Vinck None/Chief Executive
c/o n.v. Union Miniere s.a. Officer, Chairman of the
Rue du Marais 31 Executive Committee
1000 Brussels
(Belgian Citizen)
Marc Yves Blanpain None/Director Chairman of Banque Belgolaise
Rue Bois Eloi 18
1380 Lasne
(Belgian Citizen)
Jean-Luc Dehaene None/Director Belgian Senator
Berkendallaan 42
1800 Vilvoorde
(Belgian Citizen)
</TABLE>
<PAGE>
Page 12 of 14 Pages
<TABLE>
<CAPTION>
Name, Address and Position with Present Principal Occupation (if other
Country of Citizenship Union Miniere USA than position with Union
Inc./Position with Miniere USA Inc. or n.v. Union
n.v. Union Miniere s.a. Miniere s.a.)
<S> <C> <C>
Erik E. Dejonghe None/Director Senior Vice President and Chief Operating
c/o BARCO N.V. Officer of BARCO N.V., which is engaged in
President Kennedypark 35 the projection systems, display systems,
8500 Kortrijk communication systems, automation and
(Belgian Citizen) inspection systems industry.
Paul de Keersmaeker None/Director Chairman of Interbrew, a brewing company,
c/o Tractebel and Chairman of KBC Bank.
place du Trone 1
1000 Brussels
(Belgian Citizen)
Phillipe Delaunois None/Director Chairman of Mediabel, a press group.
Chemin de Couture 3A
1380 Lasne
(Belgian Citizen)
Hubert Detremmerie None/Director Honorary President of the BACOB Bank
Terkleppe 10
9660 Brakel
(Belgian Citizen)
Pierre Klees None/Director Chief Executive Officer of BIAC, which is
c/o BIAC (6eme etage) engaged in airport management.
Aeroport Bruxelles-National
1930 Zaventem
(Belgian Citizen)
Christine Morin-Postel None/Director Chief Executive Officer of Societe
c/o Societe Generale de Belgique Generale de Belgique, a holding company.
Rue Royale 30
1000 Brussels
(French Citizen)
Jean-Pierre Standaert None/Director Director of Legal Affairs--Secretary
c/o Societe General de Belique General of Societe General de Belgique and
Rue Royale 30 General Counsel of Suez-Lyonnaise des
1000 Brussels Eaux, both of which are holding companies.
(Belgian Citizen)
Robert F.W. van Oordt None/Director Chairman of the Supervisory Board of NKF
avenue Louse 545 Holding N.V., a holding company.
1050 Brussels
(Dutch Citizenship)
</TABLE>
<PAGE>
Page 13 of 14 Pages
<TABLE>
<CAPTION>
Name, Address and Position with Present Principal Occupation (if other
Country of Citizenship Union Miniere USA than position with Union
Inc./Position with Miniere USA Inc. or n.v. Union
n.v. Union Miniere s.a. Miniere s.a.)
<S> <C> <C>
Klaus Wendel None/Director Member of the Executive Committee of
c/o Societe General de Belgique Societe Generale de Belgique, a holding
Rue Royale 30 company.
1000 Brussels
(German Citizen)
Thomas Leysen None/Executive Vice
c/o n.v. Union Miniere s.a. President, Deputy
Rue du Marais 31 Chairman of the Executive
1000 Brussels Committee
(Belgian Citizen)
Jean-Luc Deleersnyder None/Executive Vice
c/o n.v. Union Miniere s.a. President
Rue du Marais 31
1000 Brussels
(Belgian Citizen)
</TABLE>
Page 14 of 14 Pages
Exhibit 1
JOINT FILING AGREEMENT
The undersigned hereby agree as follows:
(i) Each of them agrees that the Amendment No. 1 to Schedule
13D to which this Agreement is attached as an exhibit is filed on behalf of each
of them.
(ii) Each of them is responsible for the timely filing of such
Amendment No. 1 to Schedule 13D and any amendments thereto, and for the
completeness and accuracy of the information concerning such person contained
therein; but neither of them is responsible for the completeness or accuracy of
the information concerning the other persons making the filing, unless such
person knows or has reason to believe that such information is inaccurate.
Dated: April 7, 2000 n.v. Union Miniere s.a.
/s/ Thomas Leysen
------------------------------------
Name: Thomas Leysen
-----------------------------
Title: Executive Vice President
-----------------------------
Dated: April 7, 2000 Union Miniere USA Inc.
/s/ Richard C. Laird
------------------------------------
Richard C. Laird
Executive Vice President
