-----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, QbqpcFfliXHo59QYwL8Eu4zZjR5A991OVLY0yXTjZq8Ji+p/KJiolEkvR8bNERK2 TIOAJsRK45/gxHasx7lvdQ== 0000897101-01-500280.txt : 20010514 0000897101-01-500280.hdr.sgml : 20010514 ACCESSION NUMBER: 0000897101-01-500280 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010511 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RSI SYSTEMS INC/MN CENTRAL INDEX KEY: 0000936130 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 411767211 STATE OF INCORPORATION: MN FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-48955 FILM NUMBER: 1630295 BUSINESS ADDRESS: STREET 1: 5593 W 78TH ST STREET 2: STE F CITY: MINNEAPOLIS STATE: MN ZIP: 55439 BUSINESS PHONE: 6128963020 MAIL ADDRESS: STREET 1: 5593 W 78TH ST STREET 2: STE F CITY: MINNEAPOLIS STATE: MN ZIP: 55439 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: DIGITAL INVESTORS LLC CENTRAL INDEX KEY: 0001137258 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 880489429 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 2620 S MARYLAND PARKWAY 309 CITY: LAS VEGAS STATE: NV ZIP: 89109 BUSINESS PHONE: 9728187333 MAIL ADDRESS: STREET 1: 2620 S MARYLAND PARKWAY 309 CITY: LAS VEGAS STATE: NV ZIP: 89109 SC 13D/A 1 rsi011499_13da.txt RSI SYSTEMS, INC. DIGITAL INVESTORS, LLC SC 13D/A SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13D/A (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. __________ )(1) RSI Systems, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 749927 - -------------------------------------------------------------------------------- (CUSIP Number) RSI, Inc. Attention: John Harris 5593 West 78th Street, Edina, MN 55439 952-896-3020 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 30, 2001 - -------------------------------------------------------------------------------- (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 that 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(b) 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 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). PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER CUSIP No.749927 ________________________________________________________________________________ 1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Digital Investors, L.L.C. 88-0489429 ________________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [X] ________________________________________________________________________________ 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 USA ________________________________________________________________________________ 7 SOLE VOTING POWER NUMBER OF 1,865,272 SHARES _________________________________________________________________ 8 SHARED VOTING POWER BENEFICIALLY 1,865,272 OWNED BY _________________________________________________________________ EACH 9 SOLE DISPOSITIVE POWER REPORTING 1,865,272 PERSON _________________________________________________________________ 10 SHARED DISPOSITIVE POWER WITH ________________________________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,865,272 ________________________________________________________________________________ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_] ________________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 16.5% ________________________________________________________________________________ 14 TYPE OF REPORTING PERSON* 00 ________________________________________________________________________________ *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 749927 - -------------------------------------------------------------------------------- Item 1. Security and Issuer. RSI Common Stock, $0.01 par value RSI Systems, Inc. 5593 West 78th Street Minneapolis, MN 55439 Item 2. Identity and Background.
Reporting Person Member Member Person controlling such members ------------------------------------------------------------------------------------------------------- (a) Digital Investors, L.L.C. Digital Trust I Digital Trust II Albert B. Greco, Jr. ------------------------------------------------------------------------------------------------------- (b) Digital Investors, L.L.C. 16901 N Dallas 16901 N Dallas 16901 N Dallas 2620 S. Maryland Pkwy Suite 230 Pkwy Suite 230 Pkwy Suite 230 Parkway, #309, Las Vegas Addison, Texas Addison, Texas Addison, Texas Nevada 89109 75001 75001 75001 ------------------------------------------------------------------------------------------------------- (c) Limited Liability Holding Trust Trust Individual Trustee Company -- Digital Investors, L.L.C. (Same as above) (Same as above) (Same as above) 2620 S. Maryland Parkway, #309, Las Vegas Nevada 89109 ------------------------------------------------------------------------------------------------------- (d) None None None None ------------------------------------------------------------------------------------------------------- (e) None None None None ------------------------------------------------------------------------------------------------------- (f) N/a N/a N/a USA citizen -------------------------------------------------------------------------------------------------------
Item 3. Source and Amount of Funds or Other Consideration. With respect to Reporting Person -- (Digital Investors, L.L.C.): All funds used in making purchases in RSI Systems, Inc. Common Stock have been from capital infused into the limited liability Company by its beneficial owners. With respect to Digital Trust I: n/a CUSIP No. 749927 - -------------------------------------------------------------------------------- With respect to Digital Trust II: n/a With respect to Person Controlling Members -- (Albert B. Greco, Jr.): Personal Funds Item 4. Purpose of Transaction. With respect to Reporting Person -- (Digital Investors, L.L.C.): The purpose of Digital Investors, L.L.C.'s acquisition of RSI Systems, Inc.'s common stock has been for investment. (a) Reporting person plans to purchase an additional 2,671,428 shares of the Issuer in accordance with the terms of a Stock Purchase Agreement between Reporting Person and Issuer attached herein as Exhibit A. (b) None (c) None (d) Issuer plans to increase its Board of Directors by a total of three persons nominated by the Reporting Person in accordance with the terms of a Stock Purchase Agreement between Reporting Person and Issuer attached herein as Exhibit A. One such person, John C. Harris, has already been appointed to the board effective April 9, 2001. (e) None (f) None (g) None (h) None (i) None (j) None With respect to Digital Trust I: a.-j. n/a With respect to Digital Trust II: a.-j. n/a With respect to Person Controlling Members - (Albert B. Greco, Jr.): a.-j. n/a CUSIP No. 749927 - -------------------------------------------------------------------------------- Item 5. Interest in Securities of the Issuer. With respect to Reporting Person -- (Digital Investors, L.L.C.): (a) Aggregate number of shares owned 1,865,272 shares Percentage beneficially owned 16.5% (b) Sole power to vote 1,865,272 shares Sole power to dispose 1,865,272 shares (c) Transaction summary, last 60 days: Purchase of 428,572 shares of common stock on April 30, 2001 (d) None (e) Not Applicable With respect to Digital Trust I: (a) Aggregate number of shares owned 1,865,272 Percentage beneficially owned 16.5% (b) Sole power to vote 1,865,272 Sole power to dispose 1,865,272 (c) Transaction Summary, last 60 days: n/a (d) n/a (e) n/a With respect to Digital Trust II: (a) Aggregate number of shares owned 1,865,272 Percentage beneficially owned 16.5% (b) Sole power to vote 1,865,272 Sole power to dispose 1,865,272 (c) Transaction Summary, last 60 days: n/a (d) n/a (e) n/a With respect to Person Controlling Members - (Albert B. Greco, Jr.): (a) Aggregate number of shares owned 1,865,272 Percentage beneficially owned 16.5% (b) Sole power to vote 1,865,272 CUSIP No. 749927 - -------------------------------------------------------------------------------- Sole power to dispose 1,865,272 (c) Transaction summary, last 60 days: Open market purchases of 20,000 shares between March 12, 2001 and April 5, 2001, at prices ranging from $.56 per share to $.57 per share. (d) n/a (e) n/a Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. With respect to Reporting Person - (Digital Investors, L.L.C.): Reporting person has entered into an agreement with two of Issuer's directors, Richard F. Craven and Byron G. Shaffer in which such directors have agreed to vote all their shares of RSI Systems, Inc. in favor of approving all transactions contemplated by the Stock Purchase Agreement between Digital Investors, L.L.C. and Issuer (Exhibit A). With respect to Digital Trust I: None With respect to Digital Trust II: None With respect to Person Controlling Members - (Albert B. Greco, Jr.): None Item 7. Material to be Filed as Exhibits. Exhibit A - Stock Purchase Agreement between Digital Investors, L.L.C. and RSI Systems, Inc. Exhibit B - Shareholder Voting Agreement between Digital Investors, L.L.C. and Richard F. Craven and Byron G. Shaffer CUSIP No. 749927 - -------------------------------------------------------------------------------- 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. May 10, 2001 Date Digital Investors, L.L.C. /s/ Albert B. Greco, Jr. By: Albert B. Greco, Jr. Its: Manager Digital Trust I /s/ Albert B. Greco, Jr. By: Albert B. Greco, Jr. Its: Trustee Digital Trust II /s/ Albert B. Greco, Jr. By: Albert B. Greco, Jr. Its: Trustee Albert B. Greco, Jr, Trustee /s/ Albert B. Greco, Jr. By: Albert B. Greco, Jr. Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001). -----END PRIVACY-ENHANCED MESSAGE-----