-----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, NV0GyarX5sYoXDllCldS6Tq16znu8p2uM36LV8EoNSBQ7ohg1v685f8DqLvbPkeU vvgj50SZKfsXSBjQR+gZHQ== 0001015402-01-000057.txt : 20010122 0001015402-01-000057.hdr.sgml : 20010122 ACCESSION NUMBER: 0001015402-01-000057 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010108 GROUP MEMBERS: DON C. WHITAKER, INC. GROUP MEMBERS: DON C. WHITAKER, JR. GROUP MEMBERS: WHITAKER DON C /BD SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LOWRANCE ELECTRONICS INC CENTRAL INDEX KEY: 0000804073 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 440624411 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-41519 FILM NUMBER: 1503228 BUSINESS ADDRESS: STREET 1: 12000 E SKELLY DR CITY: TULSA STATE: OK ZIP: 74128 BUSINESS PHONE: 9184376881 MAIL ADDRESS: STREET 1: 12000 E SKELLY DRIVE CITY: TULSA STATE: OK ZIP: 74128 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WHITAKER DON C /BD CENTRAL INDEX KEY: 0000276756 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 23 BEECHWOOD CITY: IRVINE STATE: CA ZIP: 92604 BUSINESS PHONE: 9498576008 MAIL ADDRESS: STREET 1: 23 BEECHWOOD CITY: IRVINE STATE: CA ZIP: 92604 SC 13D/A 1 0001.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FINAL AMENDMENT TO SCHEDULE 13D Under the Securities Exchange Act of 1934 Lowrance Electronics, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Shares of Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 548900 10 9 - -------------------------------------------------------------------------------- (CUSIP Number) Don C. Whitaker 23 Beechwood Irvine, California 92604 (949) 857-6008 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 29, 2000 - -------------------------------------------------------------------------------- (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. [ ] 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 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 - -------------------------------------------------------------------------------- SHARES OF COMMON SHARES - CUSIP No. 548900 10 9 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Don C. Whitaker S.S. No. -- - -------------------------------------------------------------------------------- 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 IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States Citizen - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 165,100 shares SHARES ------------------------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 EACH ------------------------------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 165,100 - -------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 165,100 shares - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.38% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN 2 SCHEDULE 13D - -------------------------------------------------------------------------------- SHARES OF COMMON SHARES - CUSIP No. 548900 10 9 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Don C. Whitaker, Inc IRS No. -- - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* - -------------------------------------------------------------------------------- 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 - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 0 SHARES ------------------------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 EACH ------------------------------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 - -------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0 - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* 3 SCHEDULE 13D - -------------------------------------------------------------------------------- SHARES OF COMMON SHARES - CUSIP No. 548900 10 9 - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Don C. Whitaker, Jr. S.S. No. -- - -------------------------------------------------------------------------------- 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 IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States Citizen - -------------------------------------------------------------------------------- 7 SOLE VOTING POWER NUMBER OF 11,000 shares SHARES ------------------------------------------------------------------ BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 EACH ------------------------------------------------------------------ REPORTING 9 SOLE DISPOSITIVE POWER PERSON WITH 0 - -------------------------------------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,000 shares - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.29% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON* IN 4 SCHEDULE 13D ------------ ITEM 1. SECURITY AND ISSUER. This statement relates to common shares of Lowrance Elecrtronics, Inc. The principal executive office of the Company is located at 12000 East Skelly Drive, Tulsa, OK 74128. ITEM 2. IDENTITY AND BACKGROUND. (a) Don C. Whitaker and Don C. Whitaker, Jr., are both natural persons. (b) 23 Beechwood, Irvine, California 92604 (c) Don C. Whitaker is the President and Don C. Whitaker, Jr. is the Vice President of Don C. Whitaker, Inc., 23 Beechwood, Irvine, California 92604, a firm whose primary purpose is investment opportunities. (d) During the last five years, neither Don C. Whitaker nor Don C. Whitaker, Jr., have been convicted in a criminal proceeding or been a party to a civil proceeding of a judicial or administrative body as a result of which they have not been 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. (e) Court or Administrative Proceedings: During the last five years, the Reporting Persons have not been party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which the Reporting Persons were or are 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. (f) Both Don C. Whitaker and Don C. Whitaker, Jr. are citizens of the United States of America. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Don C. Whitaker has purchased a total, net of dispositions, of the 165,100 shares of common shares of the Company. All of these purchases were market purchases for a total net consideration of approximately $874,108. Don C. Whitaker, Jr. has purchased a total of 11,000 shares for a total cost of $47,115. All shares purchased were for cash in personal and/or IRA accounts of the Whitakers. ITEM 4. PURPOSE OF TRANSACTION The above-described purchases of shares of common shares of the Company were made for investment purposes only. The Whitakers' intent is to passively participate in the sale of the Company that they perceive will happen in the future. (On January 5, 2001, as this filing was being prepared for trades triggered on 12/29/2000, Lowrance Electronics announced a merger with Cobra Electronics. Cobra is intended to be the survivor). The Whitaker's may in the future determine to purchase additional securities of the Company, or to dispose of some or all of the securities they presently own, depending upon price, market conditions, availability of funds, evaluation of alternative investments and other considerations. Except as described above, the Whitaker's has no present plans or proposals that relate to or would result in: a) the acquisition by any person of additional securities of the company, or the disposition of securities of the company; b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the company or any of its subsidiaries; c) a sale or transfer of a material amount of assets of the company or any of its subsidiaries; d) any change in the present board of directors or management of the company, including any plans or proposals to change the 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 company; f) any other material change in the company's business or corporate structure; g) changes in the company's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the company by any person; h) causing a class of securities of the company to be delisted from a national securities exchange or to cease to be authorized. Within the past 60 days, Whitaker Group has engaged in the following transactions in common shares of the company, all of which were ordinary market transactions: 5 Trades within the last sixty days. Date Shares Purchased (Sold) Price per Share - ----------------------------------------------------------------- Don C. Wbitaker: 11/17/00 1,000 3 1/16 11/22/00 1,400 3 1/8 11/28/00 (500) 3 5/8 11/28/00 (1,900) 3 9/16 11/29/00 1,000 3 7/32 11/30/00 1.500 3 3/32 11/30/00 1,600 3 1/16 11/30/00 1,000 3 1/8 11/30/00 1,700 3 1/32 12/01/00 1,000 3 5/32 12/05/00 (100) 3 1/4 12/05/00 1,000 2 15/16 12/05/00 800 2 7/8 12/06/00 (900) 3 1/4 12/06/00 (2,000) 3 3/16 12/06/00 1,500 3 1/32 12/07/00 2,500 3 1/32 12/11/00 (1,400) 3 1/2 12/11/00 2,000 3 1/8 12/15/00 3,400 3 1/4 12/18/00 1,500 3 3/16 12/18/00 1,100 3 1/4 12/18/00 1,000 3 1/8 12/29/00 2,900 2 7/8 12/29/00 2,000 2 15/16 01/03/01 7,500 3 01/05/01 (13.000) 7 31/32 01/05/01 (68,500) 7 15/16 01/05/01 (6,800) 8 1/32 01/05/01 (51,000) 8 Don C. Whitaker, Inc: 01/05/01 (25,000) 8 Don C. Whitaker, Jr.: 11/13/00 500 3.23 11/13/00 1,200 3 12/29/00 5,000 2 7/8 01/05/01 (10,700) 8 01/05/01 (800) 7.895 Whitaker Group: DCW 165,100 Total Cost 874,108.00 DCW, Inc. -0- -0- DCW, Jr. 11,000 Total Cost $ 47,115.00 - ----------------------------------------------------------------------- Group 176,100 Total Cost $921,223 6 No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities of the Company described above. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE COMPANY None. 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. Dated this 5th day of January, 2001. By: /s/ Don C. Whitaker ---------------------- Don C. Whitaker Individually By: /s/ Don C. Whitaker, Jr. --------------------------- Don C. Whitaker, Jr. Individually Don C. Whitaker, Inc. By: /s/ Don C. Whitaker ---------------------- Don C. Whitaker President By: /s/ Don C. Whitaker, Jr. --------------------------- Don C. Whitaker, Jr. Vice President 7 -----END PRIVACY-ENHANCED MESSAGE-----