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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 14)
Hurco Companies, Inc.
(Name of Issuer)
COMMON STOCK, NO PAR VALUE 447324 10 4
(Title of class of securities) (CUSIP number)
STEPHEN H. COOPER, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NY 10153
(212) 310-8000
(Name, address and telephone number of person authorized
to receive notices and communications)
DECEMBER 27, 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 [_].
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: When filing this statement in paper format, six copies of this statement,
including exhibits, should be filed with the Commission. See Rule 13d-1(a) for
other parties to whom copies are to be sent.
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NY2:\999607\01\LF@V01!.DOC\53459.0004
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CUSIP No. 447324 10 4 13D
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1 NAME OF REPORTING PERSON: BRYNWOOD PARTNERS II L.P.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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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 DELAWARE
ORGANIZATION:
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NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 0
REPORTING PERSON:
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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): 0%
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14 TYPE OF REPORTING PERSON: PN
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2
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CUSIP No. 447324 10 4 13D
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1 NAME OF REPORTING PERSON: BRYNWOOD MANAGEMENT II L.P.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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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 DELAWARE
ORGANIZATION:
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NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
----------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 0
REPORTING PERSON:
---------------------------------------------------------------------------------------------------------
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): 0%
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14 TYPE OF REPORTING PERSON: PN
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3
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CUSIP No. 447324 10 4 13D
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1 NAME OF REPORTING PERSON: HENDRIK J. HARTONG, JR.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(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 PROCEEDINGS IS REQUIRED PURSUANT [_]
TO ITEM 2(d) OR 2(e):
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6 CITIZENSHIP OR PLACE OF UNITED STATES
ORGANIZATION:
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NUMBER OF 7 SOLE VOTING POWER: 68,012(*)
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH
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8 SHARED VOTING POWER: 0
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9 SOLE DISPOSITIVE POWER: 68,012(*)
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10 SHARED DISPOSITIVE POWER: 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 68,012(*)
REPORTING PERSON:
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [X]
SHARES:
Excludes 4,000 shares of Common Stock held by Hendrik
J. Hartong, Jr.'s children as to which Mr. Hartong disclaims
beneficial ownership.
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.2%
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14 TYPE OF REPORTING PERSON: IN
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* Includes 25,000 shares that may be acquired upon the exercise of currently
exercisable options.
4
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CUSIP No. 447324 10 4 13D
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1 NAME OF REPORTING PERSON: RICHARD T. NINER
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(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 PROCEEDINGS IS REQUIRED PURSUANT [_]
TO ITEM 2(d) OR 2(e):
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6 CITIZENSHIP OR PLACE OF UNITED STATES
ORGANIZATION:
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NUMBER OF 7 SOLE VOTING POWER: 452,448(*)
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 452,448(*)
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 452,448(*)
REPORTING PERSON:
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN [X]
SHARES:
Excludes 500 shares of Common Stock held by Richard
T. Niner's children as to which Mr. Niner disclaims
beneficial ownership.
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 8.0%
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14 TYPE OF REPORTING PERSON: IN
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* Includes 25,000 shares that may be acquired upon the exercise of currently
exercisable options.
5
This Statement constitutes Amendment No. 14 to the Statement on
Schedule 13D (the "Schedule 13D") filed with the Securities and Exchange
Commission by Brynwood Partners II L.P., a Delaware limited partnership
("Brynwood II"), its general partner, Brynwood Management II L.P., a Delaware
limited partnership ("Brynwood Management II"), Hendrik J. Hartong, Jr. and
Richard T. Niner (collectively, the "Beneficial Owners"), with respect to the
Common Stock, no par value (the "Common Stock"), of Hurco Companies, Inc. (the
"Company"). The Statement constitutes the final filing on Schedule 13D by
Brynwood II and Brynwood Management II, as such Beneficial Owners no longer own
any shares of Common Stock, and by Mr. Hartong, as such Beneficial Owner no
longer owns more than 5% of the outstanding Common Stock.
Item 3. Source and Amount of Funds or Other Considerations.
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The total amount required by Mr. Niner to effect the purchases
described on Schedule A hereto was $123,991.55, all of which was derived from
Mr. Niner's personal funds.
Item 4. Purpose of the Transaction.
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The purchases of shares of Common Stock by Mr. Niner described on
Schedule A hereto were made solely for the purpose of increasing Mr. Niner's
equity position in the Company at prices deemed favorable. Mr. Niner may
purchase additional shares of Common Stock from time to time in the open market
or in privately negotiated transactions as and when appropriate opportunities
may arise.
Item 5. Interest in Securities of the Issuer.
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(a)-(b) As of January 4, 2001, the Beneficial Owners beneficially
owned the following shares of Common Stock:
(i) Hendrik J. Hartong, Jr. is the direct owner of 68,012
shares of Common Stock (including 25,000 shares of Common
Stock issuable upon the exercise of non-qualified stock
options that are currently exercisable). The 68,012 shares
represent approximately 1.2% of the 5,673,858 outstanding
shares of Common Stock. Mr. Hartong has sole voting and
dispositive power over the shares of Common Stock that he owns
directly. Mr. Hartong disclaims beneficial ownership with
respect to an aggregate of an additional 4,000 shares of
Common Stock (less than .1%) held by his children, as to which
he has no voting or dispositive power.
(ii) Richard T. Niner is the direct owner of 452,448 shares of
Common Stock (including 25,000 shares of Common Stock issuable
upon the exercise of non-qualified stock options that are
currently exercisable). The 452,448 shares represent
approximately 8.0% of the 5,673,858 outstanding shares of
Common Stock. Mr. Niner has sole voting and dispositive power
over the 452,448 shares that he owns directly. Mr. Niner
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disclaims beneficial ownership with respect to an aggregate of
an additional 500 shares of Common Stock (less than .1%) held
by his children, as to which he has no voting or dispositive
power.
(c) Except as set forth on Schedule A hereto, none of the
Beneficial Owners has effected any transactions in shares of Common Stock during
the past sixty days.
(d) Not applicable.
(e) As a result of the sales of Common Stock set forth on
Schedule A hereto, Brynwood II and Brynwood Management II no longer own any
shares of Common Stock. In addition, Mr. Hartong no longer owns more than 5% of
the outstanding Common Stock. Accordingly, Brynwood II, Brynwood Management II
and Mr. Hartong are no longer Beneficial Owners.
7
SIGNATURE
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.
Dated: January 5, 2001
BRYNWOOD PARTNERS II L.P.
By: Brynwood Management II L.P.,
its General Partner
By: /s/ Richard T. Niner
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Richard T. Niner,
a Partner
8
SIGNATURE
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.
Dated: January 5, 2001
BRYNWOOD MANAGEMENT II L.P.
By: /s/ Richard T. Niner
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Richard T. Niner,
a Partner
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SIGNATURE
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.
Dated: January 5, 2001
Hendrik J. Hartong, Jr.,
By: /s/ Richard T. Niner
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Richard T. Niner,
Attorney-in-Fact
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SIGNATURE
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.
Dated: January 5, 2001
/s/ Richard T. Niner
------------------------------
Richard T. Niner
11
SCHEDULE A
TRANSACTIONS IN COMMON STOCK
DURING PAST SIXTY DAYS*
Number of Purchase Reporting Price per
Date Shares or Sale Person Share
---- ------ ------- ------ -----
12/06/00 500 Purchase Niner $3.48
12/18/00 1,100 Purchase Niner $3.38
12/19/00 2,400 Purchase Niner $3.38
12/20/00 3,500 Purchase Niner $3.46
12/21/00 500 Purchase Niner $3.38
12/26/00 1,000 Purchase Niner $3.54
12/27/00 5,700 Purchase Niner $3.49
12/27/00 278,001 Sale** Brynwood II $4.39
12/28/00 5,300 Purchase Niner $3.50
12/29/00 15,900 Purchase Niner $3.44
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* Unless otherwise indicated, all transactions were effected through the public
markets.
** Brynwood II sold these shares to the Company in a private transaction.
12