-----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, JahwogKTi/kGtK4UR2xjQBA6V+2vrvsSOQulg6YS5uC2So/9aet6hcObhzkGpqe6 vAjkbgcSQjzJ2CkGbY24Rw== 0001072613-02-001108.txt : 20020724 0001072613-02-001108.hdr.sgml : 20020724 20020724165038 ACCESSION NUMBER: 0001072613-02-001108 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020724 GROUP MEMBERS: NIDEC CORPORATION SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AULT INC CENTRAL INDEX KEY: 0000723639 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 410842932 STATE OF INCORPORATION: MN FISCAL YEAR END: 0530 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-35671 FILM NUMBER: 02710002 BUSINESS ADDRESS: STREET 1: 7105 NORTHLAND TERRACE CITY: MINNEAPOLIS STATE: MN ZIP: 55428-1028 BUSINESS PHONE: 6125921900 MAIL ADDRESS: STREET 1: 7105 NORTHLAND TERRACE CITY: MINNEAPOLIS STATE: MN ZIP: 55428-1028 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NIDEC AMERICA CORP CENTRAL INDEX KEY: 0001177631 IRS NUMBER: 061098902 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G MAIL ADDRESS: STREET 1: 318 INDUSTRIAL LANE CITY: TORRINGTON STATE: CT ZIP: 06790 SC 13G 1 sch13g_11375.txt SCHEDULE 13G - AULT INCORPORATED ================================================================================ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 AULT INCORPORATED - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, no par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 051503100 - -------------------------------------------------------------------------------- (CUSIP Number) July 16, 2002 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [_] Rule 13d-1(b) [X] Rule 13d-1(c) [_] Rule 13d-1(d) * 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). ================================================================================ =================== ================= CUSIP No. 051503100 PAGE 2 OF 9 PAGES =================== ================= ================================================================================ 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Nidec America Corporation - ------------ ------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [_] - ------------ ------------------------------------------------------------------- 3 SEC USE ONLY - ------------ ------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF SHARES 488,000 (represents shares which are BENEFICIALLY immediately issuable upon conversion of OWNED BY EACH Series B Convertible Preferred Stock of REPORTING the Issuer) PERSON ------- ---------------------------------------- WITH 6 SHARED VOTING POWER 0 ------- ---------------------------------------- 7 SOLE DISPOSITIVE POWER 488,000 (represents shares which are immediately issuable upon conversion of Series B Convertible Preferred Stock of the Issuer) - ------------------------------- ------- ---------------------------------------- 8 SHARED DISPOSITIVE POWER 0 - ------------ ------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 488,000 (represents shares which are immediately issuable upon conversion of Series B Convertible Preferred Stock of the Issuer) - ------------ ------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) [_] - ------------ ------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.6% - ------------ ------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON CO ================================================================================ =================== ================= CUSIP No. 051503100 PAGE 3 OF 9 PAGES =================== ================= ================================================================================ 1 NAME OF REPORTING PERSON S.S. or I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Nidec Corporation - ------------ ------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------ ------------------------------------------------------------------- 3 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - ------------ ------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Japan - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF SHARES 488,000 (represents shares which are BENEFICIALLY immediately issuable upon conversion of OWNED BY EACH Series B Convertible Preferred Stock of REPORTING the Issuer owned indirectly through a PERSON wholly-owned subsidiary) WITH ------- ---------------------------------------- 6 SHARED VOTING POWER 0 ------- ---------------------------------------- 7 SOLE DISPOSITIVE POWER 488,000 (represents shares which are immediately issuable upon conversion of Series B Convertible Preferred Stock of the Issuer owned indirectly through a wholly-owned subsidiary) ------- ---------------------------------------- 8 SHARED DISPOSITIVE POWER 0 - ------------ ------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 488,000 (represents shares which are immediately issuable upon conversion of Series B Convertible Preferred Stock of the Issuer owned indirectly through a wholly-owned subsidiary) - ------------ ------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) [ ] - ------------ ------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.6 % - ------------ ------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON CO ================================================================================ =================== ================= CUSIP No. 051503100 PAGE 4 OF 9 PAGES =================== ================= Item 1(a). Name of Issuer: -------------- Ault Incorporated Item 1(b). Address of Issuer's Principal Executive Offices: ----------------------------------------------- 7105 Northland Terrace Minneapolis, MN 55428-1028 Item 2(a). Name of Persons Filing: ---------------------- Nidec America Corporation Nidec Corporation Item 2(b). Address of Principal Business Office or, if None, Residence: ----------------------------------------------------------- The business address of Nidec America Corporation is 318 Industrial Lane, Torrington, Connecticut 06790, and the business address of Nidec Corporation is 10 Tsutsumisoto-cho Nishikyogoku, Ukyo-ku, Kyoto 615-0854, Japan. Item 2(c). Citizenship. ----------- The citizenship (place of organization) of Nidec America Corporation is the State of Delaware. The citizenship (place of organization) of Nidec Corporation is the Country of Japan. Item 2(d). Title of Class of Securities: ---------------------------- common stock, no par value ("Common Stock"). Item 2(e). CUSIP Number: ------------ 051503100 Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or -------------------------------------------------------------------- (c), check whether the person filing is a: ------------------------------------------ Not applicable. =================== ================= CUSIP No. 051503100 PAGE 5 OF 9 PAGES =================== ================= Item 4. Ownership. --------- (a) Amount Beneficially Owned: ------------------------- Nidec America Corporation (directly) and Nidec Corporation (indirectly through its wholly-owned subsidiary, Nidec America Corporation) beneficially own 488,000 shares of Common Stock of the Issuer, which are immediately issuable upon conversion of 2,074 shares of Series B Convertible Preferred Stock of the Issuer (the "Preferred Stock") held by Nidec America Corporation. (b) Percent of Class: ---------------- The shares issuable upon conversion of the Preferred Stock represent 9.6% of the Issuer's outstanding Common Stock as of the date hereof, assuming conversion of all such shares. (c) Number of shares as to which such person has: -------------------------------------------- (i) sole power to vote or to direct the vote: (A) Nidec America Corporation: 488,000 (represents shares which are immediately issuable upon conversion of Preferred Stock of the Issuer) (B) Nidec Corporation: 488,000 (represents shares which are immediately issuable upon conversion of Preferred Stock of the Issuer, owned indirectly through its wholly- owned subsidiary, Nidec America Corporation) (ii) shared power to vote or to direct the vote: (A) Nidec America Corporation: 0 (B) Nidec Corporation: 0 (iii)sole power to dispose or to direct the disposition of: (A) Nidec America Corporation: 488,000 (represents shares which are immediately issuable upon conversion of Preferred Stock of the Issuer) (B) Nidec Corporation: 488,000 (represents shares which are immediately issuable upon conversion of Preferred Stock of the Issuer, owned indirectly through its wholly-owned subsidiary, Nidec America Corporation) (iv) shared power to dispose or direct the disposition of: (A) Nidec America Corporation: 0 (B) Nidec Corporation: 0 =================== ================= CUSIP No. 051503100 PAGE 6 OF 9 PAGES =================== ================= Item 5. Ownership of Five Percent or Less of a Class. -------------------------------------------- If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [_]. Item 6. Ownership of More Than Five Percent on Behalf of Another Person. --------------------------------------------------------------- Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired ------------------------------------------------------------------ the Security Being Reported on by the Parent Holding Company. ------------------------------------------------------------ Not Applicable. Item 8. Identification and Classification of Members of the Group. --------------------------------------------------------- Not Applicable. Item 9. Notice of Dissolution of Group. ------------------------------ Not Applicable. Item 10. Certifications. -------------- By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. =================== ================= CUSIP No. 051503100 PAGE 7 OF 9 PAGES =================== ================= SIGNATURES After reasonable inquiry and to the best knowledge and belief of each of the undersigned, the undersigned certify that the information set forth in this statement is true, complete and correct, and the undersigned each agree that this Schedule 13G is filed on behalf of each of them. Date: July 24, 2002 NIDEC AMERICA CORPORATION By: /s/ Thomas A. Keenan ---------------------------------- Name: Thomas A. Keenan Title: President NIDEC CORPORATION By: /s/ Thomas A. Keenan ---------------------------------- Name: Thomas A. Keenan Title: Attorney-in-Fact List of Exhibits Exhibit A - Power of Attorney =================== ================= CUSIP No. 051503100 PAGE 8 OF 9 PAGES =================== ================= EXHIBIT A POWER OF ATTORNEY Know all by these presents, that the undersigned hereby constitutes and appoints Thomas A. Keenan, the undersigned's true and lawful attorney-in-fact to: (1) execute for and on behalf of the undersigned a Schedule 13G to be filed with the United States Securities and Exchange Commission pursuant to Section 13 of the Securities Exchange Act of 1934 and the rules thereunder, and any and all amendments thereto, in connection with the beneficial ownership by the undersigned of shares of common stock of Ault Incorporated; (2) do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to timely file such Schedule 13G and any and all amendments thereto with the Securities and Exchange Commission and any stock exchange or similar authority; and (3) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of the attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by the attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as the attorney-in-fact may approve in the attorney-in-fact's discretion. The undersigned hereby grants to the attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, is not assuming any of the undersigned's responsibilities to comply with Section 13 of the Securities Exchange act of 1934. This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Schedule 13G and any amendment thereto with respect to the undersigned's holdings of and transactions in securities issued by Ault Incorporated, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorney-in-fact. =================== ================= CUSIP No. 051503100 PAGE 9 OF 9 PAGES =================== ================= IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 24th day of July, 2002. NIDEC CORPORATION By: /s/ Shigenobu Nagamori ------------------------------------- Name: Shigenobu Nagamori Title: President, CEO and Representative Director -----END PRIVACY-ENHANCED MESSAGE-----