-----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, RbOvaN34vZ+nWXDR3W8M1zvha1PWVeKp46UivS/T/QuH9QTR2cakrOv2cf/CsyWZ +FXpSIViSmF/PZWgyBwJmQ== 0001029869-97-001117.txt : 19970926 0001029869-97-001117.hdr.sgml : 19970926 ACCESSION NUMBER: 0001029869-97-001117 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970925 SROS: NONE GROUP MEMBERS: CALVIN G. HORI GROUP MEMBERS: HORI CAPITAL MANAGEMENT INC GROUP MEMBERS: PLATINUM PARTNERS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LASER PHOTONICS INC CENTRAL INDEX KEY: 0000711665 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 592058100 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-34804 FILM NUMBER: 97685642 BUSINESS ADDRESS: STREET 1: 12351 RESEARCH PWY CITY: ORLANDO STATE: FL ZIP: 32826 BUSINESS PHONE: 4072814103 MAIL ADDRESS: STREET 1: 12351 RESEARCH PARKWAY CITY: ORLANDO STATE: FL ZIP: 32826 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: HORI CAPITAL MANAGEMENT INC CENTRAL INDEX KEY: 0001042483 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: ONE WASHINGTON MALL STREET 2: 7TH FL CITY: BOSTON STATE: MA ZIP: 02108 BUSINESS PHONE: 6173673800 MAIL ADDRESS: STREET 1: ONE WASHINGTON MALL STREET 2: 7TH FL CITY: BOSTON STATE: MA ZIP: 02108 SC 13D 1 LASER PHOTONICS, INC. FORM SC 13D -------------------------- OMB APPROVAL -------------------------- OMB Number: 3235-0145 Expires: October 31, 1997 Estimated average burden hours per response 14.90 -------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. )* Laser Photonics, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 517903308 ---------------------------------- (CUSIP NUMBER) Calvin Hori, Hori Capital Management, Inc., One Washington Mall, Boston, MA 02108 (617) 367-3800 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 20, 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 [ ]. Check the following box if a fee is being paid with the statement [X]. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) 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 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 and 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. 517903308 Page 2 of 10 Pages - ------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Platinum Partners, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY 500,000 EACH REPORTING PERSON ----------------------------------------------------- WITH 8 SHARED VOTING POWER 0 ----------------------------------------------------- 9 SOLE DISPOSITIVE POWER 500,000 ----------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 500,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.7% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* PN - -------------------------------------------------------------------------------- 2 - ------------------- ------------------ CUSIP NO. 517903308 Page 3 of 10 Pages - ------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Hori Capital Management, Inc. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY 500,000 EACH REPORTING PERSON ----------------------------------------------------- WITH 8 SHARED VOTING POWER 100,000 ----------------------------------------------------- 9 SOLE DISPOSITIVE POWER 500,000 ----------------------------------------------------- 10 SHARED DISPOSITIVE POWER 100,000 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 600,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.21% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- 3 - ------------------- ------------------ CUSIP NO. 517903308 Page 4 of 10 Pages - ------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Calvin G. Hori, Sole Shareholder - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States Citizen - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY 500,000 EACH REPORTING PERSON ----------------------------------------------------- WITH 8 SHARED VOTING POWER 100,000 ----------------------------------------------------- 9 SOLE DISPOSITIVE POWER 500,000 ----------------------------------------------------- 10 SHARED DISPOSITIVE POWER 100,000 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 600,000 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.21% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- Item 1. Security and Issuer This Report on schedule 13D relates to shares of common stock, no par value (the "Common Stock"), of Laser Photonics, Inc. (the "Company"), whose principal executive offices are located at 12351 Research Parkway, Orlando, Florida 32826. 4 Item 2. Identity and Background This Report is filed by Platinum Partners, L.P., a Massachusetts limited partnership (the "Partnership"), having its principal place of business and executive offices at c/o Hori Capital Management, Inc., One Washington Mall, 7th Floor, Boston, MA 02108; Hori Capital Management, Inc., a Massachusetts corporation having its principal place of business and executive offices at One Washington Mall, 7th Floor, Boston, MA 02108 ("Hori Capital Management"); and Mr. Calvin G. Hori, the sole shareholder, director and President of Hori Capital Management ("Mr. Hori"), having his business address at c/o Hori Capital Management, Inc., One Washington Mall, 7th Floor, Boston, MA 02108 (collectively, the "Reporting Persons"). The principal business of each Reporting Person is to make, manage, supervise, and dispose of investments in a variety of businesses. Hori Capital Management is the sole General Partner of the Partnership and one of several investment advisors to Micro Cap Partners, Ltd. ("Micro Cap"). During the last five years, the Reporting Persons have not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), and have not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and are not, as a result of any such proceeding, 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. Mr. Hori is a United States citizen. Item 3. Source and Amount of Funds or Other Consideration The source of funds for the transactions described in Item 5(c) were assets of the Partnership and of Micro Cap. Item 4. Purpose of Transaction The Partnership and Micro Cap acquired the Common Stock described in Item 5(c) for investment purposes. None of the Reporting Persons have any plans or proposals which relate to or would result in: a. The acquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer; b. An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries; c. A sale or transfer of a material amount of assets of the issuer or any of its subsidiaries; d. Any change in the present board of directors or management of the issuer, including any plans or proposals to change the 5 number or term of directors or to fill any existing vacancies on the board; e. Any material change in the present capitalization or dividend policy of the issuer; f. Any other material change in the issuer's business or corporate structure including but not limited to, if the issuer is a registered closed-end investment company, any plans or proposals to make any change in its investment policy for which a vote is required by section 13 of the Investment Company Act of 1940; g. Changes in the issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person; h. Causing a class of securities of the issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; i. A class of equity securities of the issuer becoming eligible for termination of registration pursuant to Section 1(g)(4) of the Securities Exchange Act of 1934; or j. Any action similar to any of those enumerated above. Item 5. Interest in Securities of the Issuer a. As of September 4, 1997, the Partnership may be deemed to beneficially own 500,000 shares of Common Stock of the Company. Based upon there being 6,515,195 shares of Common Stock outstanding, the shares of Common Stock which the Partnership may be deemed to beneficially own represents approximately 7.7% of the outstanding shares of the Common Stock of the Company. As of September 4, 1997, Hori Capital Management may be deemed to beneficially own 500,000 shares of Common Stock of the Company by virtue of it being the General Partner of the Partnership. As of August 26, 1997, Hori Capital Management may be deemed to beneficially own 100,000 shares of Common Stock of the Company by virtue of it being one of several investment advisors to Micro Cap. Based upon there being 6,515,195 shares of Common Stock outstanding, the shares of Common Stock which Hori Capital Management may be deemed to beneficially own represents approximately 9.21% of the outstanding shares of Common Stock of the Company. As of September 4, 1997, Mr. Hori may be deemed to beneficially own 600,000 shares of Common Stock of the Company by virtue of his being the sole shareholder of Hori Capital 6 Management. Based upon there being 6,515,195 shares of Common Stock outstanding, the shares of Common Stock which Mr. Hori may be deemed to beneficially own represents approximately 9.21% of the outstanding shares of Common Stock of the Company. b. In accordance with the Agreement of Limited partnership, the General partner has the sole power to vote and the sole power to dispose of the shares of Common Stock of the Company held by the Partnership. c. The Partnership has made the following purchases of shares of Common Stock: - -------------------------------------------------------------------------------- Transaction Date # of Shares Price Per Share Aggregate Purchase Price - -------------------------------------------------------------------------------- 8/18/97 9,500 2.83 26,868 - -------------------------------------------------------------------------------- 8/19/97 34,500 2.80 96,742 - -------------------------------------------------------------------------------- 8/20/97 356,000 1.19 425,053 - -------------------------------------------------------------------------------- 8/26/97 9,000 4.57 41,128 - -------------------------------------------------------------------------------- 8/27/97 46,000 4.39 201,900 - -------------------------------------------------------------------------------- 8/28/97 9,500 3.25 30,843 - -------------------------------------------------------------------------------- 9/3/97 6,500 4.25 27,650 - -------------------------------------------------------------------------------- 9/4/97 29,000 4.10 118,899 - -------------------------------------------------------------------------------- Micro Cap has made the following purchases of shares of Common Stock: - -------------------------------------------------------------------------------- Transaction Date # of Shares Price Per Share Aggregate Purchase Price - -------------------------------------------------------------------------------- 8/20/97 27,000 1.19 32,260 - -------------------------------------------------------------------------------- 8/21/97 3,000 3.07 9,212 - -------------------------------------------------------------------------------- 8/22/97 4,000 3.13 12,525 - -------------------------------------------------------------------------------- 8/25/97 26,000 4.10 106,495 - -------------------------------------------------------------------------------- 8/26/97 40,000 4.57 182,705 - -------------------------------------------------------------------------------- 7 d. The Partnership and Micro Cap are each limited partnerships. Each partner of the Partnership is entitled to receive certain distributions from the Partnership's assets as specified in the Partnership's governing documents. Similarly, each partner of Micro Cap is entitled to receive certain distributions from Micro Cap's assets as specified in Micro Cap's governing documents. These distributions may include funds received by the Partnership or Micro Cap from dividends declared with respect to the shares of Common Stock held by the Partnership or Micro Cap or from the sale of such shares of Common Stock. e. Not applicable. The filing of this statement shall not be construed as an admission that any of the Reporting Persons are, for the purposes of Sections 13(d) or 13(g) of the Securities Exchange Act of 1934, the beneficial owners of any securities covered by this statement. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer There are no contracts, arrangements, understandings or relationships (legal or otherwise) between or among any of the Reporting Persons and any other person with respect to any securities of the Company other than (a) the governing documents of the Partnership and Micro Cap and (b) the investment advisory agreement between Hori Capital Management and Micro Cap. Item 7. Material to be Filed as Exhibits Exhibit 1 - Agreement regarding filing of joint Schedule 13D. 8 Signature After reasonable inquiry and to the best of the knowledge and belief of the undersigned, each of the undersigned hereby certifies that the information set forth in this statement is true, complete and correct. EXECUTED as a sealed instrument this 25th day of September, 1997. PLATINUM PARTNERS, L.P. By: /s/ Calvin G. Hori ------------------------------------------ Calvin G. Hori, President of Hori Capital Management, Inc., General Partner HORI CAPITAL MANAGEMENT, INC. By: /s/ Calvin G. Hori ------------------------------------------ Calvin G. Hori, President /s/ Calvin G. Hori ------------------------------------------ Calvin G. Hori 9 Exhibit 1 AGREEMENT Pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that only one statement containing the information required by Schedule 13D need be filed with respect to the beneficial ownership by each of the undersigned of the shares of Common Stock of Laser Photonics, Inc. EXECUTED as a sealed instrument this 25th day of September, 1997. PLATINUM PARTNERS, L.P. By: /s/ Calvin G. Hori ------------------------------------------ Calvin G. Hori, President of Hori Capital Management, Inc., General Partner HORI CAPITAL MANAGEMENT, INC. By: /s/ Calvin G. Hori ------------------------------------------ Calvin G. Hori, President /s/ Calvin G. Hori ------------------------------------------ Calvin G. Hori -----END PRIVACY-ENHANCED MESSAGE-----