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OMB APPROVAL
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OMB Number: 3235-0145
Expires: August 31, 1991
Estimated average burden
hours per response 14.90
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
MultiMedia Access Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
625444 10 4
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(CUSIP Number)
Glenn A. Norem, Chief Executive Officer
2665 Villa Creek, Suite 200, Dallas, Texas 75234
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(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
2/4/97
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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 / /.
Check the following box if a fee is being paid with the statement / /. (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d1(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. 625444 10 4 PAGE 2 OF 5 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Glenn A. Norem
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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*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(E) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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7 SOLE VOTING POWER
NUMBER OF
SHARES 941,524
BENEFICIALLY ------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 13,200 (Mr. Norem disclaims beneficial
PERSON ownership of these shares.)
WITH ------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
941,524
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10 SHARED DISPOSITIVE POSER
13,200 (Mr. Norem disclaims beneficial
ownership of these shares.)
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
954,724
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[x]
Does not include options to purchase 188,499 shares of Common Stock
which have not vested as of June 15, 1997
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.6%
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14 TYPE OF REPORTING PERSON*
IN
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<PAGE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
ITEM 1. SECURITY AND ISSUER
Title of the class of equity securities: MMAC Common stock.
Address of Issuer: MultiMedia Access Corporation, 2665 Villa Creek, Suite 200,
Dallas, Texas 75234
ITEM 2. IDENTITY AND BACKGROUND
(a) Name: Glenn A. Norem
(b) Residence or business address: 2665 Villa Creek, Suite 200,
Dallas, Texas 75234
(c) Present principal occupation or employment: Chief Executive
Officer and Director, MultiMedia Access Corporation
(d) No
(e) No
(f) U.S.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Mr. Norem acquired a total of 613,200 shares of Common Stock of the
Company in connection with the acquisition of Viewpoint Systems, Inc. by the
Company. All of the outstanding shares of Common Stock and Options of Viewpoint
were exchanged for Common Stock and Options of the Company at an exchange ratio
of .511 shares of the Company to one (1) share of Viewpoint. Mr. Norem acquired
the shares of Viewpoint Systems, Inc. with his personal funds. Mr. Norem sold
19,417 of these shares in private sales on April 13, 1995 and distributed 13,200
shares to his children on the same date. Mr. Norem acquired 3,265 shares of
Common Stock of the Company in a distribution by G.A. Norem I, L.P. on this
date.
Mr. Norem also acquired 10,869 shares of Common Stock and 10,869
Redeemable Common Stock Purchase Warrants of the Company in February 1997 upon
the conversion of $50,000 principal amount of Convertible Debt into equity. Mr.
Norem purchased the Convertible Debt in October 1994 in a private placement with
his personal funds.
Mr. Norem also holds warrants to purchase an additional 133,337 shares
of Common Stock of the Company at prices ranging from $1.00 per share to $3.00
per share. Mr. Norem was granted these warrants as an incentive to enter into
various financing transactions with the Company.
Mr. Norem holds options to purchase an aggregate of 391,100 shares of
Common Stock of the Company at prices ranging from $.04 per share to $5.0875. As
of June 15, 1997, 202,601 of these options will have vested. Mr. Norem was
granted these options connection with his employment as Chief Executive Officer
of the Company.
3
<PAGE>
ITEM 4. PURPOSE OF TRANSACTION
Mr. Norem acquired the Common Stock, Warrants and Options as a personal
investment, in connection with various financing transactions with the Company
and in connection with his employment as Chief Executive Officer of the Company.
(a) As stated above, Common Stock underlying options to purchase
202,601 shares of Common Stock and Common Stock underlying
warrants to purchase an aggregate of 144,206 shares of Common
Stock are included in Mr. Norem's beneficial holdings. Mr.
Norem may acquire additional shares of Common Stock upon the
exercise of options to purchase 188,499 shares at prices
ranging from $.04 per share to $5.0875 per share upon the
exercise of employee incentive stock options.
(b) No plans (g) No changes
(c) No plans (h) No plans
(d) No plans (i) None
(e) No plans (j) None
(f) No plans
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Mr. Norem beneficially owns 954,724 shares of Common Stock, or
11.6% of the outstanding Common Stock of the Company (Mr.
Norem disclaims beneficial ownership of the 13,200 shares of
Common Stock of this amount which are held by his children).
In addition, Mr. Norem holds options to purchase 188,499
shares of the Company which will vest after June 15, 1997.
(b) Mr. Norem has the sole power to vote 594,717 shares and shared
power to vote 13,200 shares for a total of 604,917 shares of
Common Stock of the Company, or 7.7% of the Common Stock of
the Company. Assuming the exercise of all vested stock options
and warrants exercisable on or before June 15, 1997, he will
hold sole voting power over 941,524 shares of Common Stock, or
11.6% of the Common Stock of the Company.
(c) During the last sixty days, Mr. Norem has not engaged in any
transactions in the class of securities reported.
(d) No such person exists.
(e) Not applicable.
4
<PAGE>
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
SIGNATURES
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After reasonable 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.
By: /s/ Glenn A. Norem
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Glenn A. Norem
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