-----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, OEEaYlMe7PtZVxVoLasH7E8huQCWEiMY2v7rPkCB1JMyVhjtqE+4MsedkwKTj3cf wKISAbnRum3cgfJr2uKzrw== 0000912057-02-004828.txt : 20020414 0000912057-02-004828.hdr.sgml : 20020414 ACCESSION NUMBER: 0000912057-02-004828 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020211 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHWEST CAPITAL CORP CENTRAL INDEX KEY: 0000217222 STANDARD INDUSTRIAL CLASSIFICATION: [9995] IRS NUMBER: 850169650 STATE OF INCORPORATION: NM FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-18846 FILM NUMBER: 02533059 BUSINESS ADDRESS: STREET 1: 1650 UNIVERSITY NE STE 100 CITY: ALBUQUERQUE STATE: NM ZIP: 87102 BUSINESS PHONE: 5052424561 MAIL ADDRESS: STREET 1: 1650 UNIVERSITY BLVD NE STREET 2: STE 100 CITY: ALBUQUERQUE STATE: NM ZIP: 87102 FORMER COMPANY: FORMER CONFORMED NAME: NEW MEXICO EDUCATORS INVESTMENT CORP DATE OF NAME CHANGE: 19761111 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ADAMS EDWARD S CENTRAL INDEX KEY: 0001137006 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 701 XENIA AVE S STREET 2: STE 130 CITY: GOLDEN VALLEY STATE: MN ZIP: 55416 BUSINESS PHONE: 7639232266 MAIL ADDRESS: STREET 1: 701 XENIA AVENUE SOUTH STREET 2: SUITE 130 CITY: GOLDEN VALLEY STATE: MN ZIP: 55416 SC 13D 1 a2070105zsc13d.txt SC 13D 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, D.C. 20549 UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. ___)* Southwest Capital Corporation - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 844797 10 0 ----------------------------------------------------------------------- (CUSIP Number) Edward S. Adams 701 Xenia Avenue S., Suite 130 Golden Valley, MN 55416 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) November 10, 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). Page 1 of 4 Pages - ------------------------ ----------------------- CUSIP NO. 13D PAGE 2 OF ____ PAGES - ------------------------ ----------------------- - ------------- ---------------------------------------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS/I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Edward S. Adams - ------------- ---------------------------------------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ] (b) [ ] - ------------- ---------------------------------------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------- ---------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) Not Applicable - ------------- ---------------------------------------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) - ------------- ---------------------------------------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - ------------------------- --------- ------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 450,000 OWNED BY --------- ------------------------------------------------------------------------------------------ EACH 8 SHARED VOTING POWER REPORTING PERSON WITH --------- ------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 450,000 --------- ------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER - ------------- ---------------------------------------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 450,000 - ------------- ---------------------------------------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ] - ------------- ---------------------------------------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 15.3% - ------------- ---------------------------------------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - ------------- ----------------------------------------------------------------------------------------------------------------
Item 1. SECURITY AND ISSUER. This filing relates to Common Stock, no par value, of Southwest Capital Corporation (the "Issuer"), 1650 University Blvd., N.E., Albuquerque, New Mexico 87102. Item 2. IDENTITY AND BACKGROUND. Name: Edward S. Adams Business Address: 701 Xenia Avenue S., Suite 130, Golden Valley, MN 55416. Principal Occupation: President and Chief Executive Officer of Equity Securities Investments, Inc., 701 Xenia Avenue S., Suite 130, Golden Valley, MN 55416. Mr. Adams has not, during the last five years, been convicted in a criminal proceeding. Mr. Adams was not, during the last five years, a party to any civil proceeding as a result of which he was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Not applicable. Item 4. PURPOSE OF TRANSACTION. On November 10, 2001, the Issuer issued to Mr. Adams 350,000 shares of Common Stock in consideration of prior services rendered by Mr. Adams having a value of $35,000. On January 16, 2002, the Issuer entered into an Agreement and Plan of Reorganization (the "Merger Agreement") with Scanner Technologies Corporation ("Scanner"). Pursuant to the Merger Agreement, Scanner will merge with and into the Issuer, common stock of the Issuer will be issued to Scanner's shareholders, and the Issuer will continue to operate Scanner's business. Mr. Adams is the corporate secretary and chief accounting officer of the Issuer and one of its directors. In his principal occupation, Mr. Adams is the president and chief executive officer of Equity Securities Investments, Inc. ("Equity Securities"). The executive vice president of Equity Securities is Mr. Laurence S. Zipkin who is the president of the Issuer and one of its directors. Scanner has engaged Equity Securities as financial advisor regarding a private placement transaction that shall be implemented by the company surviving the merger immediately subsequent to the consummation of the merger. In addition to the retainer fee Equity Securities received from Scanner, Equity Securities will be Page 3 of 4 Pages compensated for its efforts based on a percentage of the proceeds of the private placement transaction. Item 5. INTEREST IN SECURITIES OF THE ISSUER. Mr. Adams beneficially owns 450,000 shares of the Issuer's Common Stock, representing 15.3% of the shares of Common Stock outstanding. Mr. Adams has sole voting and investment power over all of such shares. No transactions in the Issuer's Common Stock were effected by Mr. Adams during the 60 days preceding the filing of this Schedule 13D other than as reported in Item 4 above. 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. Dated: February 8, 2002. /s/ Edward S. Adams ------------------------------------ Edward S. Adams Page 4 of 4 Pages -----END PRIVACY-ENHANCED MESSAGE-----