-----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, QIKnY7Ca2OMApHSHsQu+MfDcfEYsWmXMKBCH2L9EhlKH+8R5gqglGrFDsNE3/T3v UvQ0jaFoIqOv0zLF6FaH9g== 0001001277-03-000122.txt : 20030327 0001001277-03-000122.hdr.sgml : 20030327 20030327145146 ACCESSION NUMBER: 0001001277-03-000122 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030327 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL DISPLAYWORKS INC CENTRAL INDEX KEY: 0000866415 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS & ACCESSORIES [3670] IRS NUMBER: 943333649 STATE OF INCORPORATION: OR FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-49048 FILM NUMBER: 03620660 BUSINESS ADDRESS: STREET 1: 599 MENO DRIVE, STE CITY: ROCKLIN STATE: CA ZIP: 95765 BUSINESS PHONE: 5033759300 MAIL ADDRESS: STREET 1: INTERNATIONAL DISPLAY WORKS INC STREET 2: 599 MENLO DRIVE SUITE 200 CITY: ROCKLIN STATE: CA ZIP: 95765 FORMER COMPANY: FORMER CONFORMED NAME: MORROW SNOWBOARDS INC DATE OF NAME CHANGE: 19951006 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: KIRCHER STEPHEN C CENTRAL INDEX KEY: 0001091222 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2424 PROFESSIONAL DRIVE CITY: ROSEVILLE STATE: CA ZIP: 95661 BUSINESS PHONE: 9167825522 MAIL ADDRESS: STREET 1: 2424 PROFESSIONAL DR CITY: ROSEVILLE STATE: CA ZIP: 95661 SC 13D/A 1 amendno5.txt AMENDMENT NO. 5 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 5)* International DisplayWorks, Inc. -------------------------------- (Name of Issuer) Common Stock, No Par Value --------------------------- (Title of Class of Securities) 459412 102 ---------- (CUSIP Number) Stephen Kircher International DisplayWorks, Inc. 599 Menlo Drive, Suite 200 Rocklin, California 95765 (916) 315-2011 -------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 4, 2003 ------------- (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. [ ] *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 the disclosures provided in a prior cover page. 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 (however, see the Notes). CUSIP No. 459412 102 ---------- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON CAPITAL BAY SECURITIES, INC. S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* a. [X] b. [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* N/A - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION California - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 200,000 SHARES ----------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY EACH 0 REPORTING ----------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER 200,000 ----------------------------------------- 10. SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 200,000 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 1.0% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGES, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. Page 2 of 7 CUSIP No. 459412 102 ---------- - -------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON STEPHEN KIRCHER S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON - -------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP** a. [X] b. [ ] - -------------------------------------------------------------------------------- 3. SEC USE ONLY - -------------------------------------------------------------------------------- 4. SOURCE OF FUNDS* PF - -------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - -------------------------------------------------------------------------------- 7. SOLE VOTING POWER NUMBER OF 2,901,861 SHARES ---------------------------------------- BENEFICIALLY 8. SHARED VOTING POWER OWNED BY EACH 0 REPORTING ---------------------------------------- PERSON WITH 9. SOLE DISPOSITIVE POWER 2,901,861 ---------------------------------------- 10. SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,901,861 - -------------------------------------------------------------------------------- 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] - -------------------------------------------------------------------------------- 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 14.6% - -------------------------------------------------------------------------------- 14. TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- *SEE INSTRUCTION BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGES, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. Page 3 of 7 Item 1. Security and Issuer. ------------------- This statement relates to shares of Common Stock, no par value (the "Shares") of International DisplayWorks, Inc., a Delaware corporation ("Issuer"). The address of the Issuer's principal executive office is International DisplayWorks, Inc., 599 Menlo Drive, Suite 200, Rocklin, California 95765. Certain Reporting Persons ( as described below) do not currently hold a certain portion of the Shares reported, but rather including the right to acquire beneficial ownership of such shares as set forth in Item 4. Item 2. Identity and Background. ----------------------- a. The persons filing this statement are (i) Capital Bay Securities, Inc. ("CBS") and (ii) Stephen Kircher (together the "Reporting Persons"). The filing of this Schedule 13D should not be deemed an admission that CBS and Mr. Kircher comprise a group within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the "Act"). b. The business address of CBS is Sunset Blvd., Suite 170, PMB 325, Rocklin, California 95765. The business address of Mr. Kircher is International DisplayWorks, Inc., 599 Menlo Drive, Suite 200, Rocklin, California 95765. c. CBS was engaged in the business of a securities broker and dealer. CBS is currently in the process of winding down and closing. Mr. Kircher's principal occupation is as the Chairman and Chief Executive Officer of the Issuer. None of the Reporting Persons nor, to the best of their knowledge, any director or executive officer of CBS, during the past five (5) years, have not (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction, and as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to United States federal or state securities laws or finding any violation with respect to such laws. Item 3. Source and Amount of Funds or Other Consideration. ------------------------------------------------- On December 14, 2002, Mr. Kircher was granted options to purchase 2,000 Shares as a bonus for his employment with the Issuer. On December 31, 2002, Mr. Kircher purchased 79,000 Shares and CBS purchased 90,000 Shares paid with shares held by Mr. Kircher and CBS in a private company. On March 4, 2003, Mr. Kircher purchased 100,000 Shares with his own personal funds. Item 4. Purpose of the Transactions. --------------------------- Mr. Kircher and CBS purchased Shares (described in Item 3) for investment purposes. Mr. Kircher and CBS, subject to and depending upon availability of prices they deem favorable, may purchase additional shares of the Issuer's Shares from time to time in the open market or in privately negotiated transactions with third parties. Further, while it is not the present intention of Mr. Kircher and CBS to do so, they reserve the right to dispose of the Shares held by them in the open market, in privately negotiated transactions with third parties or otherwise, depending upon market conditions and other factors. Subject to on going evaluation, Mr. Kircher has no current plans or proposals which relate to or would result in any of the following: (i) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (ii) A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (iii) Any change in the present Board of Directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the Board; (iv) Any material change in the present capitalization or dividend policy of the Issuer; (v) Any other material change in the Issuer's business or corporate structure; (vi) 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; (vii) 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; (viii) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as amended, or (ix) Any action similar to any of those enumerated above. Item 5. Interest in Securities of the Issuer. ------------------------------------ (a) Mr. Kircher beneficially owns 2,801,861 or 14.6% of the Shares.(1) CBS beneficially owns 200,000 or 1% of the Shares.(2) (b) Mr. Kircher has the sole power to vote and dispose of 2,801,861 Shares.(1) CBS has sole power to dispose of 200,000 Shares.(2) (c) On March 4, 2003, Mr. Kircher purchased 100,000 Shares in a private transaction. (d) A portion of the Common Stock is owned by Mr. Kircher's wife under California community property laws. (e) Not applicable. - ----------- (1) Includes 2,179,000 Shares held by Mr. Kircher, options to purchase 87,000 held by Mr. Kircher, warrants to purchase 435,861 Shares held by Mr. Kircher and 125,000 Shares and warrants to purchase 75,000 Shares held by CBS. (2) Includes 125,000 Shares and warrants to purchase 75,000 Shares held by CBS. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Not applicable. Item 7. Materials to be Filed as Exhibits. --------------------------------- Not applicable. 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. This signature page may be executed in one or more counterparts, each of which shall constitute one and the same instrument. Dated: March 25, 2003 /S/ STEPHEN KIRCHER -------------- ------------------------------ Stephen Kircher, an individual CAPITAL BAY SECURITIES, INC. Dated: March 25, 2003 /S/ STEPHEN KIRCHER -------------- ------------------------------ Stephen Kircher, President -----END PRIVACY-ENHANCED MESSAGE-----