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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934*
TELTRONICS, INC.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
879698306
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(CUSIP Number)
Alan Thometz
Family Financial Strategies, Inc.
701 Xenia Avenue South, # 200, Minneapolis, MN 55416
Phone: (763) 513-5473
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
May 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: / /
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 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.
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SCHEDULE 13D
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<S><C>
CUSIP NO. 879698306 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
FAMCO III LIMITED LIABILITY COMPANY, I.R.S.# 41-1881461
Family Financial Strategies, Inc., as its Manager, I.R.S.# 41-1835679
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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
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR
2(E) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
269,953
NUMBER OF
SHARES ---- -----------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH -0-
REPORTING
PERSON ---- -----------------------------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
269,953
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
269,953
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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)
5.67%
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14 TYPE OF REPORTING PERSON
OO, IA
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SCHEDULE 13D
ITEM 1. SECURITY AND ISSUER.
This statement relates to the common stock of Teltronics, Inc. (the
"Issuer"). The address of the Issuer's principal executive offices is 2150
Whitfield Ind. Way, Sarasota, Florida 34243.
ITEM 2. IDENTITY AND BACKGROUND.
(a) - (c) The names of the persons filing this statement are: FAMCO III
Limited Liability Company, a Delaware limited liability company ("FAMCO III")
and Family Financial Strategies, Inc., a Minnesota corporation ("FFS") as
Manager of FAMCO III.
(d) and (f) Not Applicable.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
FAMCO III received the Issuer's shares in a distribution from Telident,
Inc. of which FAMCO III was a shareholder.
ITEM 4. PURPOSE OF TRANSACTION.
See Item 3 above.
(a) FAMCO III may make dispositions of the Issuer's securities.
(b) - (j) None at the present time.
ITEM 5 INTEREST IN SECURITIES OF ISSUER.
(a) FAMCO III beneficially owns 269,953 shares of common stock
representing approximately 5.67% of the Issuer's common stock.
(b) FAMCO III has the sole voting and dispositive powers over 269,953
shares of common stock representing approximately 5.67% of the outstanding
stock.
(c) - (e) Not Applicable.
FFS is a beneficial owner solely by virtue of being the Manager of FAMCO III.
ITEM 6. CONTRACTS, AGREEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
(1) Joint Filing Agreement.
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SIGNATURES
After reasonable inquiry and to the best of the undersigned's knowledge
and belief, the undersigned certify that the information set forth in this
statement is true, complete and correct.
Dated:
FAMCO III LIMITED LIABILITY COMPANY
By: its Manager
Family Financial Strategies, Inc.
By: /s/ Greg Nelson
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Greg Nelson, Chief Financial Officer
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EXHIBIT 1
JOINT FILING AGREEMENT
The undersigned, FAMCO III LIMITED LIABILITY COMPANY and Family
Financial Strategies, Inc., hereby agree that this Schedule 13D relating to
securities of Teltronics, Inc. shall be filed on behalf of each of them.
FAMCO III LIMITED LIABILITY COMPANY
By: its Manager
Family Financial Strategies, Inc.
By: /s/ Greg Nelson
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Greg Nelson, Chief Financial Officer
FAMILY FINANCIAL STRATEGIES, INC.
By: /s/ Greg Nelson
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Greg Nelson, Chief Financial Officer
