-----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, M6MBVfUEw1OLtj35CkELPw9DaktzD9KaPraC60AV8SfBV9w5saicikzBdERd7Sie G5Yft8oj03e3FdANHYXaKw== 0000914248-98-000004.txt : 19980109 0000914248-98-000004.hdr.sgml : 19980109 ACCESSION NUMBER: 0000914248-98-000004 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980108 SROS: NASD GROUP MEMBERS: AUSTIN MARXE, DAVID GREENHOUSE GROUP MEMBERS: SPECIAL CAYMAN FUND, AWM INVESTMENT CO. GROUP MEMBERS: SPECIAL PRIV. EQ, MG ADVISERS LLC GROUP MEMBERS: SPECIAL SITS FUND, MGP ADVISERS LP GROUP MEMBERS: SPECIAL SITUATIONS FUND III L P SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CHECK TECHNOLOGY CORP CENTRAL INDEX KEY: 0000350692 STANDARD INDUSTRIAL CLASSIFICATION: PRINTING TRADES MACHINERY & EQUIPMENT [3555] IRS NUMBER: 411392000 STATE OF INCORPORATION: MN FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-33892 FILM NUMBER: 98503070 BUSINESS ADDRESS: STREET 1: 1284 CORPORATE CENTER DR CITY: ST PAUL STATE: MN ZIP: 55121 BUSINESS PHONE: 6124549300 MAIL ADDRESS: STREET 1: 1284 CORP CENTER DR STREET 2: 1284 CORP CENTER DR CITY: ST PAUL STATE: MN ZIP: 551211246 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SPECIAL SITUATIONS FUND III L P CENTRAL INDEX KEY: 0000914248 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 133737427 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 153 E 53 ST 51ST FL CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2128325300 MAIL ADDRESS: STREET 1: 153 EAST 53RD STREET 51ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13D/A 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. __1___)* Check Technology Corporation ______________________________________________________ (Name of Issuer) Common Stock, $ .10 Par Value ______________________________________________________ (Title of Class of Securities) 162780100 ____________________________________ (CUSIP Number) Austin W. Marxe, 153 East 53rd Street, 51st fl., NY NY 10022 (212) 832-5300 ______________________________________________________ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 19, 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- I(b)(3) or (4), check the following box ___. Note: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) 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 the disclosures provided in a prior cover page. The information required in the remainder of the 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). SCHEDULE 13D CUSIP No. 162780100 Page 2 of 9 Pages - ---------------------------------------------------------------- (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Special Situations Fund III, L.P. F13-3737427 MGP Advisers Limited Partnership * F13-3263120 - ---------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | | (b) |X| - ---------------------------------------------------------------- (3) SEC USE ONLY - ---------------------------------------------------------------- (4) SOURCE OF FUNDS* 00 ________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO 2(d) OR 2(e) ____ _________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ---------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER See Marxe/Greenhouse SHARES ------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER None OWNED BY ------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER See Marxe/Greenhouse REPORTING ------------------------------------------------ PERSON WITH (10) SHARED DISPOSITIVE POWER None - ---------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON 455,000 - ---------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ---------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.2 - ---------------------------------------------------------------- (14) TYPE OF REPORTING PERSON* IV/IA - ---------------------------------------------------------------- * AWM Investment Company, Inc., a Delaware corporation is the General Partner of this entity. SCHEDULE 13D CUSIP No. 162780100 Page 3 of 9 Pages - ---------------------------------------------------------------- (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Special Situations Private Equity Fund, L.P. F13-3916551 MG Advisers, L.L.C. F13-3916549 - ---------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | | (b) |X| - ---------------------------------------------------------------- (3) SEC USE ONLY - ---------------------------------------------------------------- (4) SOURCE OF FUNDS* 00 ________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO 2(d) OR 2(e) ____ _________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - ---------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER See Marxe/Greenhouse SHARES ------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER None OWNED BY ------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER See Marxe/Greenhouse REPORTING ------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER None - ---------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON None - ---------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ---------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) None - ---------------------------------------------------------------- (14) TYPE OF REPORTING PERSON* IV/IA - ---------------------------------------------------------------- SCHEDULE 13D CUSIP No. 162780100 Page 4 of 9 Pages - ---------------------------------------------------------------- (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Special Situations Cayman Fund, L.P. ("CAY") 98-0132442 AWM Investment Company, Inc. 11-3086452 - ---------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | | (b) |X| - ---------------------------------------------------------------- (3) SEC USE ONLY - ---------------------------------------------------------------- (4) SOURCE OF FUNDS* 00 ________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO 2(d) OR 2(e) ____ _________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands - ---------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER See Marxe/Greenhouse SHARES ------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER None OWNED BY ------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER See Marxe/Greenhouse REPORTING ------------------------------------------------ PERSON WITH (10) SHARED DISPOSITIVE POWER None - ---------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON 150,000 - ---------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ---------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.4 - ---------------------------------------------------------------- (14) TYPE OF REPORTING PERSON* IV/IA - ---------------------------------------------------------------- SCHEDULE 13D CUSIP No. 162780100 Page 5 of 9 Pages - ---------------------------------------------------------------- (1) NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Austin W. Marxe David M. Greenhouse - ---------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) | | (b) |X| - ---------------------------------------------------------------- (3) SEC USE ONLY - ---------------------------------------------------------------- (4) SOURCE OF FUNDS* 00 ________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO 2(d) OR 2(e) ____ _________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION United States of America - ---------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER 605,000 SHARES ------------------------------------------------- BENEFICIALLY (8) SHARED VOTING POWER None OWNED BY ------------------------------------------------- EACH (9) SOLE DISPOSITIVE POWER 605,000 REPORTING ------------------------------------------------- PERSON WITH (10) SHARED DISPOSITIVE POWER None - ---------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICALLY OWNED BY EACH REPORTING PERSON 605,000 - ---------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - ---------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.5 - ---------------------------------------------------------------- (14) TYPE OF REPORTING PERSON* IN - ---------------------------------------------------------------- Page 6 of 9 Pages Item 1. Security and Issuer. This Schedule relates to Common Shares of Check Technology Corporation (the "Issuer"). The Issuer's principal executive offices are located at 12500 Whitwater Drive, Minnetonka, MN 55343-9420 Item 2. Identity and Background. This Schedule is filed on behalf of (i) Special Situations Fund III, L.P., a Delaware limited partnership ("SSF III"); (ii) Special Situations Private Equity Fund, L.P., a Delaware limited partnership (the "Private Equity Fund"); (iii) Special Situations Cayman Fund, L.P., a Cayman Islands limited partnership (the "Cayman Fund"); (iv) MGP Advisers Limited Partnership , a Delaware limited partnership ("MGP"); (v) MG Advisers. L.L.C., a New York limited liability company ("MG"); (vi) AWM Investment Company, Inc., a Delaware corporation ("AWM"); (vii) Austin W. Marxe and (viii) David Greenhouse. Each of the foregoing is hereinafter referred to, individually, as a "Reporting Person" and, collectively, as the "Reporting Persons." The principal office and business address of the Reporting Persons, other than the Cayman Fund, is 153 East 53rd Street, 51st floor, New York, NY 10022. The principal office and business address of the Cayman Fund is c/o CIBC Bank and Trust Company (Cayman) Limited, CIBC Bank Building, P. O. Box 694, Grand Cayman, Cayman Islands, British West Indies. The principal business of SSF III, the Private Equity Fund and the Cayman Fund (individually, a "Fund" and, collectively, the "Funds") is to invest in equity and equity related securities. The principal business of MGP is to act as the general partner of and the investment adviser to SSF III. The principal business of MG is to act as general partner of and the investment adviser to the Private Equity Fund. The principal business of AWM is to act as the general partner of MGP and as the general partner of and the investment adviser to the Cayman Fund. MGP, MG, and AWM are referred to herein, individually, as an "Adviser" and, collectively, as the "Advisers." The principal occupation of Austin W. Marxe and David Greenhouse, both of whom are United States citizens, is to serve as officers, directors and members or principal shareholders of the Advisers. Page 7 of 9 Pages Neither any Fund, any Adviser, Austin W. Marxe nor David Greenhouse, during the last 5 years, has been convicted in any criminal proceeding or was or is subject to a judgement, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or state securities laws or finding any violations with respect to such laws. Item 3. Source and Amount of Funds or Other Consideration. Each Fund utilized available cash assets to purchase the Securities. Item 4. Purpose of the Transaction. Each of the Reporting Persons has acquired and is holding the Securities solely for investment purposes and not with the purpose or the effect of changing or influencing control of the Issuer. Each Fund acquired the Securities in the ordinary course of business and is holding such Securities for the benefit of its third party investors. Item 5. Interest in Securities of the Issuer. See pps. 2-5 of this Schedule, setting forth the aggregate number and percentage of the Securities beneficially owned by each Reporting Person, the number of shares as to which there is sole or shared power to vote, or to direct the vote, and sole or shared power to dispose or to direct the disposition. On December 19, 1997, the Private Equity Fund disposed of 125,000 shares of common stock at $3.657 per share in an open market trade. No other trades have occurred within the last 60 days. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. See Item 2 and Item 4 of this Schedule. Based on such Items. Messrs. Marxe and Greenhouse maintain sole voting power and sole dispositive power with respect to the Securities. Page 8 of 9 Pages Item 7. Material to be Filed as Exhibits. None 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 7, 1997 /s/ Austin W. Marxe -------------------------------- Special Situations Fund III, L.P. by: Austin W. Marxe, Managing Director /s/ Austin W. Marxe _________________________________ Special Situaitons Private Equity Fund, L.P. by: Austin W. Marxe, Managing Director /s/ Austin W. Marxe _____________________________ Special Situations Cayman Fund,L.P. by: Austin Marxe, Managing Director /s/ Austin W. Marxe _____________________________ MGP Advisers Limited Partnership by: Austin Marxe, President and CEO /s/ Austin W. Marxe _____________________________ MG Advisers, L.L.C. by: Austin Marxe, President and CEO /s/ Austin W. Marxe _____________________________ AWM Investment Company, Inc. by: Austin Marxe, President and CEO Page 9 of 9 Pages /s/ Austin W. Marxe _____________________________ Austin W. Marxe /s/ David Greenhouse _____________________________ David Greenhouse -----END PRIVACY-ENHANCED MESSAGE-----