-----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, Ew9Z/SjxwNceT6vrys82oBIS6B0kiMiFI4oEiy79qHzmJ1orUCFKYHn1hjF0l6xU N9jmB7xTYg6iMIlp5ba1Lw== 0000950131-01-001525.txt : 20010315 0000950131-01-001525.hdr.sgml : 20010315 ACCESSION NUMBER: 0000950131-01-001525 CONFORMED SUBMISSION TYPE: SC TO-T/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20010314 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: 1567903 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 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 TO-T/A SEC ACT: SEC FILE NUMBER: 005-41519 FILM NUMBER: 1567904 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: COBRA ELECTRONICS CORP CENTRAL INDEX KEY: 0000030828 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 362479991 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-T/A BUSINESS ADDRESS: STREET 1: 6460 W CORTLAND ST CITY: CHICAGO STATE: IL ZIP: 60635 BUSINESS PHONE: 3128898870 MAIL ADDRESS: STREET 1: 6460 W CORTLAND ST CITY: CHICAGO STATE: IL ZIP: 60635 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COBRA ELECTRONICS CORP CENTRAL INDEX KEY: 0000030828 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 362479991 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-T/A BUSINESS ADDRESS: STREET 1: 6460 W CORTLAND ST CITY: CHICAGO STATE: IL ZIP: 60635 BUSINESS PHONE: 3128898870 MAIL ADDRESS: STREET 1: 6460 W CORTLAND ST CITY: CHICAGO STATE: IL ZIP: 60635 SC TO-T/A 1 0001.txt AMENDMENT NO. 4 TO SC TO-T = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 - - - - - - - - - - SCHEDULE TO (RULE 14D-100) TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR SECTION 13(e)(1) OF THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 4) - - - - - - - - - - LOWRANCE ELECTRONICS, INC. (Name of Subject Company (Issuer)) BLUE MARLIN, INC. COBRA ELECTRONICS CORPORATION (Names of Filing Persons (Offerors)) - - - - - - - - - - COMMON STOCK, PAR VALUE $.10 PER SHARE (Title of Class of Securities) - - - - - - - - - - 548900 10 (CUSIP Number of Class of Securities) - - - - - - - - - - Gerald M. Laures Vice President - Finance, and Corporate Secretary Cobra Electronics Corporation 6500 W. Cortland Street Chicago, IL 60707 Telephone: (773) 889-8870 (Name, address and telephone number of person authorized to receive notices and communications on behalf of filing persons) Copy to: Pran Jha Sidley & Austin Bank One Plaza 10 South Dearborn Street Chicago, Illinois 60603 Telephone: (312) 853-7000 __________________________________________________ [ ] Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. Check the appropriate boxes below to designate any transactions to which the statement relates: [X] third-party tender offer subject to Rule 14d-1. [ ] issuer tender offer subject to Rule 13e-4. [ ] going-private transaction subject to Rule 13e-3. [X] amendment to Schedule 13D under Rule 13d-2. Check the following box if the filing is a final amendment reporting the results of the tender offer: [ ] = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = SCHEDULE 13D CUSIP No. 54890010 Page 2 of 6 Pages - ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS: Cobra Electronics Corporation 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 36-2479991 - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 OO - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) or 2(E) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 2,044,279 shares* OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 2,044,279 shares* - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,044,279 shares* - ------------------------------------------------------------------------------ CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 54.2% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 CO - ------------------------------------------------------------------------------ *Reporting Person disclaims beneficial ownership of all shares. SCHEDULE 13D CUSIP No. 54890010 Page 3 of 6 Pages - ------------------------------------------------------------------------------ NAMES OF REPORTING PERSONS: Blue Marlin, Inc. 1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 36-4413162 - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [X] (b) [_] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS 4 OO - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) or 2(E) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 2,044,279 shares* OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 2,044,279 shares* - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 2,044,279 shares* - ------------------------------------------------------------------------------ CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 54.2% - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON 14 CO - ------------------------------------------------------------------------------ *Reporting Person disclaims beneficial ownership of all shares. This Amendment No. 4 (this "Amendment") amends and supplements the Tender Offer Statement on Schedule TO filed by Blue Marlin, Inc., a Delaware corporation ("Purchaser"), and Cobra Electronics Corporation, a Delaware corporation ("Parent"), on January 16, 2001 (as previously amended, the "Schedule TO"), relating to the offer to purchase all issued and outstanding shares of common stock, par value $.10 per share (the "Shares"), of Lowrance Electronics, Inc., a Delaware corporation (the "Company"), upon the terms and subject to the conditions set forth in the Offer to Purchase dated January 16, 2001 (the "Offer to Purchase") and in the related Letter of Transmittal (which, together with the Offer to Purchase, as supplemented or amended from time to time, constitute the "Offer"). Capitalized terms used but not defined herein have the meanings assigned to such terms in the Offer to Purchase. This Amendment also amends and supplements the Schedule 13D of Parent and Purchaser originally filed on February 5, 2001. Item 1. through Item 11. Item 1 through Item 11 of the Schedule TO are hereby amended and supplemented by adding the following thereto: On March 13, 2001, Parent issued a press release announcing the extension of the Expiration Date of the Offer to 12:00 midnight, New York City time, on Tuesday, April 10, 2001. The press release is filed as an exhibit hereto and incorporated herein by reference. Item 12. Exhibits. Item 12 of the Schedule TO is hereby amended and supplemented by adding the following thereto: (a)(1)(K) Text of press release issued by Parent dated March 13, 2001. 4 SIGNATURE After due 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. COBRA ELECTRONICS CORPORATION By: /s/ James R. Bazet ---------------------------------------- Name: James R. Bazet Title: President and Chief Executive Officer BLUE MARLIN, INC. By: /s/ James R. Bazet ---------------------------------------- Name: James R. Bazet Title: President Date: March 14, 2001 5 EXHIBIT INDEX Exhibit No. Description - --- ----------- (a)(1)(K) Text of press release issued by Parent dated March 13, 2001 6 EX-99.(A)(1)(K) 2 0002.txt PRESS RELEASE DATED MARCH 13, 2001 Exhibit (a)(1)(k) FOR IMMEDIATE RELEASE Investor Contact: Michael Smith Senior Vice President and Chief Financial Officer Cobra Electronics Corporation 773-804-6281 msmith@cobraelec.com -------------------- Media Contact: Larry Larsen Fleishman-Hillard 312-751-3617 larsenl@fleishman.com --------------------- COBRA ELECTRONICS EXTENDS ITS TENDER OFFER FOR LOWRANCE ELECTRONICS CHICAGO, Illinois, March 13, 2001 - Cobra Electronics Corporation (Nasdaq: COBR) today announced that it is extending the expiration date of its tender offer for all outstanding shares of common stock of Lowrance Electronics, Inc. (Nasdaq: LEIX) until midnight, New York City time, on Tuesday, April 10, 2001. The tender offer had been scheduled to expire at midnight, New York City time, on Tuesday, March 13, 2001. Cobra and its prospective lenders are using this additional time to complete due diligence relating to a recent shortfall in Lowrance's net sales relative to projections provided to Cobra prior to the execution of the merger agreement and to develop revised projections to be used in connection with Cobra's proposed financing. "Cobra remains committed to pursuing the strategic growth opportunities inherent in the combination of our two companies," said Jim Bazet, Cobra's President and Chief Executive Officer. "Upon confirming that Lowrance's sales trends are consistent with our joint expectations for the company's growth, we will be prepared to move quickly towards consummating the transaction." American Stock Transfer and Trust Company, the depositary for the offer, has advised Cobra that as of March 12, 2001 approximately 3,323,008 shares of Lowrance common stock (approximately 88.17 percent of the outstanding shares of common stock) had been validly tendered and not withdrawn pursuant to the offer. Cobra's obligation to purchase shares pursuant to the tender offer is subject to the satisfaction of certain conditions, including Cobra obtaining adequate financing. 1 About Cobra Electronics Forbes named Cobra Electronics Corporation (Nasdaq: COBR) to its list of "200 Best Small Companies in America" in 2000. Cobra is a leading global manufacturer of two-way mobile communications products, holding the number one or strong number two position in every major market in which it does business. The Family Radio Service (FRS) business is one of the fastest growing segments of two-way mobile communications, and Cobra is a leading FRS player in the U.S., Canada and Europe. Cobra has a 40-year track record of innovation and award- winning products, and leads the industry in developing technology applications that anticipate market demand. To learn more about Cobra and its products, please visit the Cobra site at http://www.cobraelectronics.com. #### 2 -----END PRIVACY-ENHANCED MESSAGE-----