-----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, M4DU8qY4bTzGskQeFHr89OewG1TLavJj3jvrlz9IZYc8sh1TXZVk39YAQOWpltX9 41KtczLpJ6PtB9zn6055EA== 0000767684-03-000004.txt : 20030425 0000767684-03-000004.hdr.sgml : 20030425 20030425122043 ACCESSION NUMBER: 0000767684-03-000004 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030425 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BTU INTERNATIONAL INC CENTRAL INDEX KEY: 0000840883 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY, NEC [3559] IRS NUMBER: 042781248 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-40644 FILM NUMBER: 03664026 BUSINESS ADDRESS: STREET 1: 23 ESQUIRE ROAD CITY: NORTH BILLERICA STATE: MA ZIP: 01862 BUSINESS PHONE: 5086674111 MAIL ADDRESS: STREET 1: 23 ESQUIRE ROAD CITY: NORTH BILLERICA STATE: MA ZIP: 01862 FORMER COMPANY: FORMER CONFORMED NAME: BTU CORP DATE OF NAME CHANGE: 19881109 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DELPHI MANAGEMENT INC /MA/ CENTRAL INDEX KEY: 0000767684 IRS NUMBER: 042776276 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 ROWES WHARF STREET 2: SUITE 540 CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6173301025 MAIL ADDRESS: STREET 1: 50 ROWES WHARF STREET 2: SUITE 540 CITY: BOSTON STATE: MA ZIP: 02110 SC 13G/A 1 btu.txt AMENDMENT 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 BTU INTERNATIONAL (Name of Issuer) Common Stock (Title of Class of Securities) 056032105 (CUSIP Number) as of March 31, 2003 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ x ] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) The information required in 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. CUSIP No.056032105 1) Names of Reporting Persons Delphi Management, Inc IRS Identification Nos. of Above Persons 04-27762-76 2) Check the appropriate box if a Member of a Group (a) [ ] 3) SEC use only 4) Citizenship Massachusetts, USA Number of shares beneficially owned by each reporting person with: (5) Sole Voting Power 177,600 (6) Shared Voting Power 0 (7) Sole Dispositive Power 177,600 (8) Shared Dispositive Power 0 9) Aggregate Amount Beneficially Owned by Each Reporting Person 177,600 10) Check if the Aggregate Amount in Row (9) Excludes Certain shares Not applicable 11) Percent of Class Represented by Amount in Row 9 2.54% 12) Type of Reporting Person Investment Adviser (IA) Item 1 (a): Name of issuer: BTU International Item 1 (b): Address of issuer's principal executive offices: 23 Esquire Road North Billerica, MA 01862 Item 2 (a): Name of person filing: Delphi Management, Inc. ITEM 2 (b): Address of principal business office: 50 Rowes Wharf, Suite 540 Boston, MA 02110 ITEM 2 (c): Citizenship: Massachusetts Corporation ITEM 2 (d): Title of class of securities: Common Shares ITEM 2 (e): Cusip number: 056032105 ITEM 3: If this statement is filed pursuant to Rule 13d-1(b) or Rule 13d-2(b) or (c), check whether the person filing is a: ITEM 3 (a) [ ] Broker or dealer registered under section 15 of the Act ITEM 3 (b) [ ] Bank as defined in section 3(a)(6) of the Act ITEM 3 (c) [ ] Insurance company as defined in section 3(a)(19) of the Act ITEM 3 (d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 ITEM 3 (e) [ x ] An investment adviser in accordance with Rule 13d - 1(b)(1)(ii)(E) ITEM 3 (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F) ITEM 3 (g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G) ITEM 3 (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act ITEM 3 (i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 ITEM 3 (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J). ITEM 4. Ownership: ITEM 4 (a) Amount beneficially owned: 177,600 ITEM 4 (b) Percent of class: 2.54 % ITEM 4 (c) Number of shares as to which the person has: ITEM 4 (c) (i) Sole power to vote or to direct the vote: 177,600 ITEM 4 (c) (ii) Shared power to vote or to direct the vote: 0 ITEM 4 (c) (iii) Sole power to dispose or to direct the disposition of: 177,600 ITEM 4 (c) (iv) Shared power to dispose or to direct the disposition of: 0 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 [ x ]. 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 or Control Person: 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 Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. SIGNATURE 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. April 16, 2003 / Date Jim Bussone / Signature Analyst / Title -----END PRIVACY-ENHANCED MESSAGE-----