-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Megyt8XXh9sL6hhmxRuBxmeE5H9pOqgSfJ6h24KNctNOJHdhLZN29Nzc/AylbzGk qwctkMzVDJlnrQdxAINKPw== 0000950137-02-000349.txt : 20020414 0000950137-02-000349.hdr.sgml : 20020414 ACCESSION NUMBER: 0000950137-02-000349 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020125 GROUP MEMBERS: MICHELLE INVESTMENTS LLC GROUP MEMBERS: SAM BUCHBINDER SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HYPERCOM CORP CENTRAL INDEX KEY: 0001045769 STANDARD INDUSTRIAL CLASSIFICATION: CALCULATING & ACCOUNTING MACHINES (NO ELECTRONIC COMPUTERS) [3578] IRS NUMBER: 860828608 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-50374 FILM NUMBER: 02517714 BUSINESS ADDRESS: STREET 1: 2851 W KATHLEEN RD CITY: PHOENIX STATE: AZ ZIP: 85023 BUSINESS PHONE: 6025045000 MAIL ADDRESS: STREET 1: 2851 WEST KATHLEEN ROAD CITY: PHOENIX STATE: AZ ZIP: 85023 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MICHELLE INVESTMENTS LLC CENTRAL INDEX KEY: 0001165368 IRS NUMBER: 328380669 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 500 N SKOKIE BLVD STREET 2: SUITE 380 CITY: NORTHBROOK STATE: IL ZIP: 60602 BUSINESS PHONE: 8474183440 MAIL ADDRESS: STREET 1: 500 N SKOKIE BLVD STREET 2: SUITE 380 CITY: NORTHBROOK STATE: IL ZIP: 60602 SC 13D/A 1 c67180a1sc13da.txt AMENDMENT TO SCHEDULE 13D Page 1 of 6 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) SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No.1)* Hypercom Corp. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 44913M105 - -------------------------------------------------------------------------------- (CUSIP Number) Jonathan Killner, 2851 West Kathleen Road, Phoenix, Arizona 85053 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 31, 2001 - -------------------------------------------------------------------------------- (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(e), 13d-1(f) or 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 Rule 13d-7(b) 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). CUSIP NO. 44913M105 13D PAGE 2 OF 6 PAGES - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Michelle Investments LLC - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] Not Applicable (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) AF - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] Not Applicable - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Illinois - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 3,534,048 SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 3,534,048 PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,534,048 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] Not Applicable - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.53% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) 00 - -------------------------------------------------------------------------------- CUSIP NO. 44913M105 13D PAGE 3 OF 6 PAGES - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Sam Buchbinder - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) [ ] Not Applicable (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (See Instructions) PF - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) [ ] Not Applicable - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 3,534,048 SHARES ----------------------------------------------------------------- 8 SHARED VOTING POWER BENEFICIALLY -0- OWNED BY EACH ----------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER REPORTING 3,534,048 PERSON ----------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER WITH -0- - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,534,048 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] Not Applicable - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.53% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (See Instructions) IN - -------------------------------------------------------------------------------- Page 4 of 6 ITEM 1. SECURITY AND ISSUER Hypercom Corporation 2851 West Kathleen Road Phoenix, AZ 85053 Common Stock ITEM 2. IDENTITY AND BACKGROUND (a) & (b) The identity and background of the Reporting persons are: Michelle Investments LLC 500 Skokie Boulevard Suite 380 Northbrook, IL 60062 Sam Buchbinder 500 Skokie Boulevard Suite 380 Northbrook, IL 60062 Michelle Investments LLC is a newly formed Illinois limited liability company. Sam Buchbinder, a U.S. citizen, controls the voting and disposition of the shares held by Michelle Investments LLC. Accordingly, Mr. Buchbinder may be deemed to beneficially own such shares. (c) Mr. Buchbinder is the CEO and President of Baron Financial Corp., a venture capital company. Michelle Investments LLC is a company formed by Mr. Buchbinder to invest in companies, including Hypercom Corp. (d) Not Applicable (e) Not Applicable (f) See (a) and (b) above ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION On June 6, 2001, Michelle Investments LLC loaned $15 million to the Registrant. The loan is for one-year term and is evidenced by a loan agreement and a 7.5% promissory note. Also in connection with that loan, the Registrant entered into a stock warrant agreement with Michelle Investments LLC to purchase 1,000,000 shares of the Registrant's Common Stock at an exercise price of $3.19 per share, which Warrant expires on June 6, 2003. On July 31, 2001, Michelle Investment LLC purchased Page 5 of 6 2,475,248 shares of the Registrant's common stock for $7.5 million through a reduction in the Registrant's note payable by the same amount. The source of the funds to make such loan was personal funds of Mr. Sam Buchbinder, the controlling person of Michelle Investments LLC. ITEM 4. PURPOSE OF TRANSACTION The shares of common stock acquired as described in Item 3 above were for investment purposes. (a) None (b) None (c) None (d) None (e) None (f) None (g) None (h) None (i) None (j) None ITEM 5. INTEREST IN SECURITIES OF THE ISSUER (a) & (b) Prior to July 31, 2001, (for a period of approximately a year and a half), Mr. Buchbinder purchased in open market transactions, 58,800 shares of Registrant's common stock, using personal funds to effect such purchases. On July 31, 2001, Michelle Investments LLC acquired 2,745,248 shares of Registrant's common stock (see ITEM 3. above). On December 28, 2001 and December 31, 2001, Mr. Buchbinder sold in the open market a total of 58,800 of the unrestricted shares of Registrant's common stock which he had acquired in open market transactions over the preceding approximately year and a half. As of December 31, 2001, the aggregate number of shares owned beneficially by Michelle Investments LLC, directly, and Mr. Buchbinder, indirectly, was 2,475,248 shares of common stock plus a stock purchase warrant to purchase an additional 1,000,000 shares of common stock, representing in the aggregate 8.53% of the class of common stock. Mr. Buchbinder controls the voting and disposition of the shares held by Michelle Investments LLC. No transactions in the class of securities reported on were effected during the past sixty days or since the most recent filing of Schedule 13D, whichever is less. (c) None (d) None (e) Not Applicable Page 6 of 6 ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER None ITEM 7. MATERIAL TO BE FILED AS EXHIBITS None 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. January 25, 2002 Date /s/ Sam Buchbinder - ---------------------------- Signature Sam Buchbinder, Individually and as Manager of Michelle Investments LLC - ----------------------------------------------------------------------- Name/Title The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of the filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement: provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. -----END PRIVACY-ENHANCED MESSAGE-----