-----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, BKUUJsVcBvg+munDxvDUOjDIyIzZLF4So6KKaSCMwsEoIw+TvUM+uUDWUMUA7go6 wOUQkxMVdexqzX5ik6vQNg== 0001172661-08-000505.txt : 20080910 0001172661-08-000505.hdr.sgml : 20080910 20080910141232 ACCESSION NUMBER: 0001172661-08-000505 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080910 DATE AS OF CHANGE: 20080910 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: 081064832 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: SIGNIA CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001131908 IRS NUMBER: 943383030 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 108 N WASHINGTON ST STE 305 CITY: SPOKANE STATE: WA ZIP: 99201 BUSINESS PHONE: 6503721206 MAIL ADDRESS: STREET 1: 108 N WASHINGTON ST STE 305 CITY: SPOKANE STATE: WA ZIP: 99201 SC 13G 1 wedc0908.txt SCHEDULE 13G HOLDINGS REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 White Elec Designs Corporation (Name of Issuer) Common Stock (Title of Class of Securities) 963801105 (CUSIP Number) August 31, 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: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *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 the disclosures provided in a prior cover page. 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 ("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 1. Names of Reporting Person I.R.S. Identification Nos. of above person Signia Capital Management, LLC 94-3383030 2. Check the Appropriate Box if a Member Of a Group [ ] (a) [ ] (b) 3. SEC Use Only 4. Citizenship or Place of Organization Washington, United States 5. Sole Voting Power: 628,238 Number of Shares 6. Shared Voting Power: 0 Beneficially Owned by 7. Sole Dispositive Power: 2,269,055 Each Reporting Person With 8. Shared Dispositive Power: 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 2,269,055 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares 11. Percent of Class Represented by Amount in Row (9) 10.11% 12. Type of Reporting Person IA Item 1. (a) Issuer: White Elec Designs Corporation 1. Address: 3601 E UNIVERSITY DRIVE PHOENIX AZ 85034 Item 2. (a) Name of Person Filing: Signia Capital Management, LLC (b) Address of Principal Business Offices: 108 N Washington St Ste 305 Spokane, WA 99201 United States (c) Citizenship: Please refer to Item 4 on each cover sheet for each filing person (d) Title of Class of Securities Common Stock (e) CUSIP Number: 963801105 Item 3. Signia Capital Management, LLC is an investment advisor in accordance with Rule 13d-1(b)(1)(ii)(E); Item 4. Ownership Please see Items 5 - 9 and 11 for each cover sheet for each filing separately 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 Not Applicable Item 8. Identification and Classification of Members of the Group Not Applicable Item 9. Notice of Dissolution of Group Not Applicable Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and held in the ordinary course of business and 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. 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. Date: September 10, 2008 Signia Capital Management, LLC By: /s/ David C. Krebs -------------------------- Name: David C. Krebs Title: Chief Compliance Officer -----END PRIVACY-ENHANCED MESSAGE-----