-----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, GniChvU8JdVuuBlSd0Gp9lZNrlVZSt0+zAI82F/x8i9H09d6vdUh1ypFuZaJZsK5 kq0UQb2RZ7YERZ027rXkGg== 0001144204-08-039371.txt : 20080710 0001144204-08-039371.hdr.sgml : 20080710 20080710144657 ACCESSION NUMBER: 0001144204-08-039371 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080710 DATE AS OF CHANGE: 20080710 GROUP MEMBERS: JOSHUA LANDES GROUP MEMBERS: NELSON OBUS GROUP MEMBERS: WYNNEFIELD CAPITAL MANAGEMENT, LLC GROUP MEMBERS: WYNNEFIELD CAPITAL, INC. GROUP MEMBERS: WYNNEFIELD PARTNERS SMALL CAP VALUE, L.P. I GROUP MEMBERS: WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND, LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WHITE ELECTRONIC DESIGNS CORP CENTRAL INDEX KEY: 0000013606 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 350905052 STATE OF INCORPORATION: ID FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-03327 FILM NUMBER: 08946966 BUSINESS ADDRESS: STREET 1: 3601 E UNIVERSITY DRIVE CITY: PHOENIX STATE: AZ ZIP: 85034 BUSINESS PHONE: 6024371520 MAIL ADDRESS: STREET 1: 3601 E UNIVERSITY DRIVE STREET 2: SUITE 475 CITY: PHOENIX STATE: AZ ZIP: 85034 FORMER COMPANY: FORMER CONFORMED NAME: BOWMAR INSTRUMENT CORP/IN/ DATE OF NAME CHANGE: 19980917 FORMER COMPANY: FORMER CONFORMED NAME: BOMAR INSTRUMENT CORP DATE OF NAME CHANGE: 19980917 FORMER COMPANY: FORMER CONFORMED NAME: BOWMAR INSTRUMENT CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WYNNEFIELD PARTNERS SMALL CAP VALUE LP CENTRAL INDEX KEY: 0000899083 IRS NUMBER: 133688497 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: ONE PENN PLAZA STREET 2: SUITE 4720 CITY: NEW YORK STATE: NY ZIP: 10119 BUSINESS PHONE: 2127600814 MAIL ADDRESS: STREET 1: ONE PENN PLAZA STREET 2: SUITE 4720 CITY: NEW YORK STATE: NY ZIP: 10119 SC 13G 1 v119497_sc13g.htm Unassociated Document
UNITED STATES
 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
 
White Electronic Designs Corporation 
 
(Name of Issuer)
 
 
Common Stock

(Title of Class of Securities)
 
963801105
(CUSIP Number)
 
July 2, 2008
(Date of Event Which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
o
Rule 13d-1(b)
x
Rule 13d-1(c)
o
Rule 13d-1(d)

The information required in 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 (the “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. 963801105
 
13G
 
Page 2 of 11 Pages
 
 

1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Wynnefield Partners Small Cap Value, L.P.
13-3688497
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) xReporting person is affiliated with other persons
 
3
SEC USE ONLY
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER 
321,961
 
6
SHARED VOTING POWER
0
 
7
SOLE DISPOSITIVE POWER
321,961
 
8
SHARED DISPOSITIVE POWER
0
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
321,961
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4 %
 
12
TYPE OF REPORTING PERSON (See Instructions)
PN
 
 

 
CUSIP No. 963801105
 
13G
 
Page 3 of 11 Pages
 
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Wynnefield Partners Small Cap Value, L.P. I
13-3953291
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) xReporting person is affiliated with other persons
 
3
SEC USE ONLY
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER 
563,056
 
6
SHARED VOTING POWER
0
 
7
SOLE DISPOSITIVE POWER
563,056
 
8
SHARED DISPOSITIVE POWER
0
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
563,056
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.5 %
 
12
TYPE OF REPORTING PERSON (See Instructions)
PN
 
 
 

 
CUSIP No. 963801105
 
13G
 
Page 4 of 11 Pages
 
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Wynnefield Small Cap Value Offshore Fund, Ltd.
(No IRS Identification No.)
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) xReporting person is affiliated with other persons
 
3
SEC USE ONLY
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER 
388,284
 
6
SHARED VOTING POWER
0
 
7
SOLE DISPOSITIVE POWER
388,284
 
8
SHARED DISPOSITIVE POWER
0
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
388,284
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7 %
 
12
TYPE OF REPORTING PERSON (See Instructions)
CO
 
 

 
CUSIP No. 963801105
 
13G
 
Page 5 of 11 Pages
 
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Wynnefield Capital Management, LLC
13-4018186
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) xReporting person is affiliated with other persons
 
3
SEC USE ONLY
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
New York
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER 
885,017 (1)
 
6
SHARED VOTING POWER
0
 
7
SOLE DISPOSITIVE POWER
885,017 (1)
 
8
SHARED DISPOSITIVE POWER
0
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
885,017 (1)
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.9 %
 
12
TYPE OF REPORTING PERSON (See Instructions)
OO (Limited Liability Company)
 
(1) Wynnefield Capital Management, LLC holds an indirect beneficial interest in these shares which are directly beneficially owned by Wynnefield Partners Small Cap Value, L.P. and Wynnefield Partners Small Cap Value, L.P.I.

 
CUSIP No. 963801105
 
13G
 
Page 6 of 11 Pages
 
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Wynnefield Capital, Inc.
13-3688495
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) xReporting person is affiliated with other persons
 
3
SEC USE ONLY
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER 
388,284 (1)
 
6
SHARED VOTING POWER
0
 
7
SOLE DISPOSITIVE POWER
388,284 (1)
 
8
SHARED DISPOSITIVE POWER
0
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
388,284 (1)
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7 %
 
12
TYPE OF REPORTING PERSON (See Instructions)
CO
 
(1) Wynnefield Capital, Inc. holds an indirect beneficial interest in these shares which are directly beneficially owned by Wynnefield Small Cap Value Offshore Fund, Ltd.
 

 
CUSIP No. 963801105
 
13G
 
Page 7 of 11 Pages
 
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Nelson Obus
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) xReporting person is affiliated with other persons
 
3
SEC USE ONLY
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER 
0
 
6
SHARED VOTING POWER
1,273,301 (1)
 
7
SOLE DISPOSITIVE POWER  
0
 
8
SHARED DISPOSITIVE POWER
1,273,301(1)
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,273,301 (1)
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  
[ ]
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.7 %
 
12
TYPE OF REPORTING PERSON*
IN
 
(1) Mr. Obus may be deemed to hold an indirect beneficial interest in these shares, which are directly beneficially owned by Wynnefield Partners Small Cap Value, L.P., Wynnefield Partners Small Cap Value, L.P. I and Wynnefield Small Cap Value Offshore Fund, Ltd, because he is a co-managing member of Wynnefield Capital Management, LLC and an executive officer of Wynnefield Capital, Inc. The filing of this Statement and any future amendment by Mr. Obus, and the inclusion of information herein and therein with respect to Mr. Obus, shall not be considered an admission that he, for the purpose of Section 16(b) of the Exchange Act, is the beneficial owner of any shares in which he does not have a pecuniary interest. Mr. Obus disclaims any beneficial ownership of the shares of Common Stock covered by this Statement.

 
CUSIP No. 963801105
 
13G
 
Page 8 of 11 Pages
 
1
NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (entities only)
Joshua Landes
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) xReporting person is affiliated with other persons
 
3
SEC USE ONLY
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
 
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER 
0
 
6
SHARED VOTING POWER
1,273,301 (1)
 
7
SOLE DISPOSITIVE POWER 
0
 
8
SHARED DISPOSITIVE POWER
1,273,301(1)
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,273,301 (1)
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*  
[ ]
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.7 %
 
12
TYPE OF REPORTING PERSON*
IN
 
(1) Mr. Landes may be deemed to hold an indirect beneficial interest in these shares, which are directly beneficially owned by Wynnefield Partners Small Cap Value, L.P., Wynnefield Partners Small Cap Value, L.P. I and Wynnefield Small Cap Value Offshore Fund, Ltd, because he is a co-managing member of Wynnefield Capital Management, LLC and an executive officer of Wynnefield Capital, Inc. The filing of this Statement and any future amendment by Mr. Landes, and the inclusion of information herein and therein with respect to Mr. Landes, shall not be considered an admission that he, for the purpose of Section 16(b) of the Exchange Act, is the beneficial owner of any shares in which he does not have a pecuniary interest. Mr. Landes disclaims any beneficial ownership of the shares of Common Stock covered by this Statement
 

 
CUSIP No. 963801105
 
13G
 
Page 9 of 11 Pages
 
Item 1(a).
Name of Issuer:
 
White Electronic Designs Corporation, an Indiana corporation the (“Issuer”).
 
Item 1(b).
Address of Issuer’s Principal Executive Offices:
 
3601 East University Dr. Phoenix, Arizona 85034-7217
 
Item 2(a).
Name of Filing Person:
 
Wynnefield Partners Small Cap Value, L.P. ("Partners")
 
Wynnefield Partners Small Cap Value, L.P. I ("Partners I")
 
Wynnefield Partners Small Cap Offshore Fund, Ltd. ("Fund")
 
Wynnefield Capital Management, LLC (“WCM”)

Wynnefield Capital, Inc. (“WCI”)

Nelson Obus (“Obus”)

Joshua Landes (“Landes”)

 
Item 2(b).
Address of Principal Business Office or, if none, Residence:
 
   450 Seventh Avenue, Suite 509, New York, New York 10123

Item 2(c).
Citizenship:

Partners and Partners I are Delaware Limited Partnerships.

Fund is a Cayman Islands Company.

WCM is a New York Limited Liability Company.

WCI is a Delaware Corporation.
 
Mr. Obus is a United States citizen.
 
Mr. Landes is a United States citizen.
 

 
CUSIP No. 963801105
 
13G
 
Page 10 of 11 Pages
 
Item 2(d).
Title of Class of Securities:
 
Common Stock
 
Item 2(e).
CUSIP Number:
 
963801105
 
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
 
None of the reporting persons is an entity specified in Rule 13d-1(b)(1)(ii).
 
Item 4.
Ownership:
 
Incorporated by reference to Items 5-11 on pages 2 - 8.

Item 5.
Ownership of Five Percent or Less of a Class:
 
Not applicable.
 
Item 6.
Ownership of More than Five Percent on Behalf of Another Person:
 
Not applicable.
 
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:
 
Not applicable.
 
Item 8.
Identification and Classification of Members of the Group:z
 
See Item 2.
 
Item 9.
Notice of Dissolution of Group:
 
Not applicable.
 
Item 10.
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 

 
CUSIP No. 963801105
 
13G
 
Page 11 of 11 Pages

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: July 10, 2008
 
     
 
WYNNEFIELD PARTNERS SMALL
CAP VALUE, L.P.
   
 
By: Wynnefield Capital Management, LLC,
General Partner
 
 
 
 
 
 
  By:   /s/ Nelson Obus
 
Nelson Obus, Co-Managing Member
   
 
     
 
WYNNEFIELD PARTNERS SMALL
CAP VALUE, L.P. I
   
 
By: Wynnefield Capital Management, LLC,
General Partner
 
 
 
 
 
 
  By:   /s/ Nelson Obus
 
Nelson Obus, Co-Managing Member
   
     
 
WYNNEFIELD SMALL CAP VALUE OFFSHORE FUND, LTD.
   
 
By: Wynnefield Capital, Inc.
 
 
 
 
 
 
  By:   /s/ Nelson Obus
 
Nelson Obus, President
   
     
 
WYNNEFIELD CAPITAL MANAGEMENT, LLC
 
 
 
 
 
 
  By:   /s/ Nelson Obus
 
Nelson Obus, Co-Managing Member
   
     
 
WYNNEFIELD CAPITAL, INC.
 
 
 
 
 
 
  By:   /s/ Nelson Obus
 
Nelson Obus, President
   
     
 
 
 
 
 
 
     /s/ Nelson Obus
 
Nelson Obus
   
  /s/ Joshua H. Landes
 
Joshua H. Landes

 

-----END PRIVACY-ENHANCED MESSAGE-----