-----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, KxFCssTdavEXnVa45IAuQ8LDHDv7LXHZs/Q1ljE5IS5jN4cpWTcbAG1Gqzkjz9pS fVpTortl9dkSbTLEVNbMBg== 0000950136-97-000458.txt : 19970415 0000950136-97-000458.hdr.sgml : 19970415 ACCESSION NUMBER: 0000950136-97-000458 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970414 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CTS CORP CENTRAL INDEX KEY: 0000026058 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS & ACCESSORIES [3670] IRS NUMBER: 350225010 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-10982 FILM NUMBER: 97579802 BUSINESS ADDRESS: STREET 1: 905 W BLVD N CITY: ELKHART STATE: IN ZIP: 46514 BUSINESS PHONE: 2192937511 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DYNAMICS CORP OF AMERICA CENTRAL INDEX KEY: 0000030819 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC HOUSEWARES & FANS [3634] IRS NUMBER: 130579260 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 475 STEAMBOAT RD CITY: GREENWICH STATE: CT ZIP: 06830-7197 BUSINESS PHONE: 2038693211 MAIL ADDRESS: STREET 1: 475 STEAMBOAT RD CITY: GREENWICH STATE: CT ZIP: 06830-7197 FORMER COMPANY: FORMER CONFORMED NAME: CLAUDE NEON INC DATE OF NAME CHANGE: 19751008 SC 13D/A 1 AMENDMENT SCHEDULE 13D SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------------------------ SCHEDULE 13D (Rule 13d-101) UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 44)* CTS CORPORATION (Name of issuer) COMMON STOCK - NO PAR VALUE (Title of class of securities) 126 501 105 (CUSIP number) HENRY V. KENSING DYNAMICS CORPORATION OF AMERICA 475 STEAMBOAT ROAD GREENWICH, CONNECTICUT 06830-7197 (203) 869-3211 (Name, address and telephone number of person authorized to receive notices and communications) with a copy to: Alan C. Myers Skadden, Arps, Slate, Meagher & Flom LLP 919 Third Avenue New York, New York 10022 (212) 735-3000 APRIL 14, 1997 (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 |_|. *Amendment No. 44 for Dynamics Corporation of America Amendment No. 16 for LTB Investment Corporation Page 1 of 5 Pages - ------------------------ ---------------------------------- CUSIP NO. 126 501 105 13D PAGE 2 OF 5 PAGES - ------------------------ ---------------------------------- - ------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Dynamics Corporation of America, I.R.S. Identification No. 13-0579260 LTB Investment Corporation, a wholly owned subsidiary of Dynamics bCorporation of America, I.R.S. Identification No. 06-1109554 - ------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_| - ------------------------------------------------------------------------------- 3 SEC USE ONLY - ------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC and BK - ------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) |_| - ------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Dynamics Corporation of America - New York LTB Investment Corporation - Delaware - ------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 2,303,100 for Dynamics Corporation of America, of which OWNED BY 2,302,000 are held by LTB Investment Corporation, a EACH wholly owned subsidiary of Dynamics Corporation of REPORTING America PERSON WITH ---------------------------------------------------------------- 8 SHARED VOTING POWER None ---------------------------------------------------------------- 9 SOLE DISPOSITIVE POWER 2,303,100 for Dynamics Corporation of America, of which 2,302,000 are held by LTB Investment Corporation, a wholly owned subsidiary of Dynamics Corporation of America ---------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER None - ------------------------------------------------------------------------------ - ------------------------- ---------------------------------- CUSIP NO. 126 501 105 13D PAGE 3 OF 5 PAGES - ------------------------- ---------------------------------- - ------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,303,100 for Dynamics Corporation of America, of which 2,302,000 are held by LTB Investment Corporation, a wholly owned subsidiary of Dynamics Corporation of America - ------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES |_| CERTAIN SHARES* - ------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 44.1% - ------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------- ITEM 4. PURPOSE OF TRANSACTION. Item 4 is hereby amended to add the following at the end thereof: DCA has held preliminary discussions with CTS regarding the possibility of a business combination. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 is hereby amended to add the following at the end thereof: On November 7, 1995, subsequent to the filing of Amendment No. 15 to its Schedule 13D, LTB acquired 11,000 shares of CTS Common Stock at $33.875 per share in a privately negotiated transaction. The holdings of DCA and its wholly owned subsidiary, LTB, which aggregate 2,303,100 shares of CTS Common Stock, represent approximately 44.1% of CTS' outstanding shares (based on the number of shares of CTS Common Stock outstanding on March 7, 1997, as shown in CTS' Form 10-K for the year ended December 31, 1996). DCA has the sole power to vote or direct the vote and to dispose of or direct the disposition of all of such shares, except that 1,020,000 of such shares presently have no voting rights under the Control Share Acquisition Chapter of the Indiana Business Corporation Law. To the best of DCA's knowledge, none of its directors or executive officers is the beneficial owner of any other shares of CTS Common Stock. Page 4 of 5 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: April 14, 1997 DYNAMICS CORPORATION OF AMERICA By: /s/ Henry V. Kensing ---------------------------- Name: Henry V. Kensing Title: Vice President Page 5 of 5 Pages -----END PRIVACY-ENHANCED MESSAGE-----