-----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, VkpfnUuZO8UskvgxCT0fPJVemiGjWC6NmjMn1MLXAGwQSX/+MFl3sp1MPDDAGDif okgPH44jxNUt5npYBZIkWg== 0001170918-07-000016.txt : 20070109 0001170918-07-000016.hdr.sgml : 20070109 20070109121844 ACCESSION NUMBER: 0001170918-07-000016 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070109 DATE AS OF CHANGE: 20070109 GROUP MEMBERS: DAVID WEINER GROUP MEMBERS: W-NET, INC. GROUP MEMBERS: WOODMAN MANAGEMENT CORPORATION SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL ELECTRONICS INC CENTRAL INDEX KEY: 0000717751 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 042654231 STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-41233 FILM NUMBER: 07519653 BUSINESS ADDRESS: STREET 1: 427 TURNPIKE ST CITY: CANTON STATE: MA ZIP: 02072 BUSINESS PHONE: 6178215566 MAIL ADDRESS: STREET 1: 427 TURNPIKE STREET CITY: CANTON STATE: MA ZIP: 02021 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WEINER DAVID CENTRAL INDEX KEY: 0001127735 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O SUNLAND ENTERTAINMENT CO INC STREET 2: 11835 W. OLYMPIC BLVD #550- CITY: LOS ANGELES STATE: CA ZIP: 90064 BUSINESS PHONE: 3104444100 MAIL ADDRESS: STREET 1: 3940 LAUREL CANYON BLVD STREET 2: SUITE 327 CITY: STUDIO CITY STATE: CA ZIP: 91604 SC 13D/A 1 sc13da2-weiner.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 2)* International Electronics, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 459436507 - -------------------------------------------------------------------------------- (CUSIP Number) David Weiner c/o W-Net, Inc. 3490 Laurel Canyon Blvd., Suite 327 Studio City, California 91604 (818) 385-0405 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 3, 2007 - -------------------------------------------------------------------------------- (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 for other parties to whom copies are to be sent. (Page 1 of 8) - --------------------- *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 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. 459436507 PAGE 2 OF 8 PAGES - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON W-NET, INC. - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ---------- --------------------------------------------------------------------- 5 CHECK BOX OF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES -------- ----------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 44,900 -------- ----------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON -------- ----------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 44,900 - ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 44,900 - ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.6% - ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ---------- --------------------------------------------------------------------- CUSIP NO. 459436507 PAGE 3 OF 8 PAGES - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON WOODMAN MANAGEMENT CORPORATION - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS* WC - ---------- --------------------------------------------------------------------- 5 CHECK BOX OF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES -------- ----------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 76,440 -------- ----------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON -------- ----------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 76,440 - ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 76,440 - ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.4% - ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* CO - ---------- --------------------------------------------------------------------- CUSIP NO. 459436507 PAGE 4 OF 8 PAGES - ---------- --------------------------------------------------------------------- 1 NAME OF REPORTING PERSON SS. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DAVID WEINER - ---------- --------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |X| (b) |_| - ---------- --------------------------------------------------------------------- 3 SEC USE ONLY - ---------- --------------------------------------------------------------------- 4 SOURCE OF FUNDS* AF - ---------- --------------------------------------------------------------------- 5 CHECK BOX OF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - ---------- --------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION USA - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES 600 -------- ----------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY EACH 121,340 -------- ----------------------------------------------- REPORTING 9 SOLE DISPOSITIVE POWER PERSON 600 -------- ----------------------------------------------- WITH 10 SHARED DISPOSITIVE POWER 121,340 - ---------- --------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 121,940 - ---------- --------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_| - ---------- --------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.0% - ---------- --------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN - ---------- --------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! Page 5 of 8 This Amendment No. 2 to Schedule 13D (this "Statement") amends the following sections of the Schedule 13D filed with the Securities and Exchange Commission on June 10, 2005, as amended on June 22, 2005. ITEM 4. PURPOSE OF TRANSACTION. Item 4 of Schedule 13D is hereby amended to include the following disclosure: The purpose of this Statement is to report the disposition of shares of the Company's Common Stock by W-Net. W-Net originally acquired 85,000 shares of the Company's Common Stock pursuant to open market purchases. On December 21, 2006 and January 3, 2007, W-Net sold 5,000 and 35,100 shares, respectively, of the Company's Common Stock in the open market, in each case at a price per share equal to $2.50. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 of Schedule 13D is hereby amended and restated in its entirety as follows: (a) and (b) The aggregate percentage of shares of Common Stock reported by each person named herein is based upon 1,738,931 shares outstanding as of October 31, 2006, which is the total number of shares outstanding as reported in the Company's Annual Report on Form 10-KSB filed with the Securities and Exchange Commission on November 27, 2006. As of January 5, 2007, W-Net beneficially owned 44,900 shares of Common Stock of the Company (the "W-Net Shares"). The W-Net Shares constitute approximately 2.6% of the Company's outstanding shares of Common Stock. As of January 5, 2007, WMC beneficially owned 76,440 shares of Common Stock of the Company (the "WMC Shares"). The WMC Shares constitute approximately 4.4% of the Company's outstanding shares of Common Stock. As of January 5, 2007, Mr. Weiner beneficially owned 600 shares of Common Stock of the Company and may be deemed to beneficially own 121,340 shares of Common Stock of the Company (collectively, the "Weiner Shares"). The Weiner Shares constitute approximately 7.0% of the Company's outstanding shares of Common Stock. The Weiner Shares include (i) 600 shares held in an IRA account by Mr. Weiner, (ii) the 44,900 W-Net Shares; and (iii) the 76,440 WMC Shares. Mr. Weiner holds the sole power to vote and dispose of or to direct the vote or to direct the disposition of the 600 shares held in Mr. Weiner's IRA account. W-Net and Mr. Weiner share the power to vote and dispose of or to direct the vote or to direct the disposition of the W-Net Shares beneficially owned directly by W-Net. WMC and Mr. Weiner share the power to vote and dispose of or to direct the vote or to direct the disposition of the WMC Shares beneficially owned directly by WMC. (c) Transactions by the Reporting Persons in the Company's Common Stock effected in the past 60 days are described in Item 4 above. (d) N/A (e) N/A ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. On June 22, 2005, the Reporting Persons entered into a Joint Filing Agreement with respect to the joint filing on Schedule 13D or any amendments thereto relating to the beneficial ownership of shares of Common Stock, a copy of which is filed as Exhibit 1 to Amendment No. 1 to Schedule 13D, filed with the Securities and Exchange Commission on June 22, 2005. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit No. 1 Joint Filing Agreement, as required by Rule 13d-1 under the Securities Exchange Act of 1934 (filed as Exhibit 1 to Amendment No. 1 to Schedule 13D, filed with the Securities and Exchange Commission on June 22, 2005). 6 SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this Schedule 13D is true, complete and correct. Dated: January 9, 2007 W-NET, INC. By: /S/ DAVID WEINER ------------------------------- Name: David Weiner Title: President Dated: January 9, 2007 WOODMAN MANAGEMENT CORPORATION By: /S/ DAVID WEINER ------------------------------- Name: David Weiner Title: President Dated: January 9, 2007 /S/ DAVID WEINER ----------------------------------- David Weiner 7 EXHIBIT INDEX Exhibit No. 1 Joint Filing Agreement, as required by Rule 13d-1 under the Securities Exchange Act of 1934 (filed as Exhibit 1 to Amendment No. 1 to Schedule 13D, filed with the Securities and Exchange Commission on June 22, 2005). 8 -----END PRIVACY-ENHANCED MESSAGE-----