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Motorola Solutions, Inc. — Major Shareholding Notification 2003
Jan 13, 2003
29923_mrq_2003-01-13_b0090be3-de23-47fc-ba13-a0218eead551.zip
Major Shareholding Notification
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934 (Amendment No. 7) *
NEXT LEVEL COMMUNICATIONS, INC. (Name of Issuer)
Common Stock, par value $0.01 per share (Title of Class of Securities)
65333U 10 4 (CUSIP Number)
Michelle M. Warner Motorola, Inc. 1303 East Algonquin Road, Schaumburg, IL 60196 (847) 576-5000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
January 12, 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. o
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.
(Continued on the following pages) (Page 1 of 8 pages)
- 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.
ZEQ.=1,SEQ=1,EFW="2100669",CP="MOTOROLA, INC.",DN="1",CHK=26040,FOLIO='blank',FILE='DISK014:[03CHI1.03CHI1111]BA1111A.;6',USER='SLYUBOM',CD='12-JAN-2003;15:45' THIS IS THE END OF A COMPOSITION COMPONENT User-specified TAGGED TABLE
CUSIP No. 65333U 10 4 13D
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| 1. | Name of Reporting Persons. Motorola, Inc. I.R.S. Identification Nos. of above persons (entities only). |
|---|---|
| 2. | Check the Appropriate Box if a Member of a Group. (See Instructions) |
| (a) o | |
| (b) o | |
| 3. | SEC Use Only. |
| 4. | Source of Funds (See Instructions). |
| 5. | Check Box If Disclosure Of Legal Proceedings Is Required Pursuant to Items 2(d) Or 2(e). o |
| 6. | Citizenship or Place of Organization. Delaware |
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| Number of Shares Beneficially Owned | 7. | Sole Voting Power. 196,008,238 (Includes 40,186,630 shares of common stock which are subject to warrants currently exercisable within 60 days, 13,824,884 shares of common stock subject to Series A Convertible Preferred Stock, 51,387,000 shares of common stock
subject to Series A-1 Convertible Preferred Stock, and 26,506,000 shares of common stock subject to Series A-2 Convertible Preferred Stock.) |
| --- | --- | --- |
| By Each | 8. | Shared Voting Power. 0 |
| Reporting Person With | 9. | Sole Dispositive Power. 196,008,238 (Includes 40,186,630 shares of common stock which are subject to warrants currently exercisable within 60 days, 13,824,884 shares of common stock subject to Series A Convertible Preferred Stock, 51,387,000 shares of common stock
subject to Series A-1 Convertible Preferred Stock, and 26,506,000 shares of common stock subject to Series A-2 Convertible Preferred Stock.) |
| | 10. | Shared Dispositive Power. 0 |
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| 11. | Aggregate Amount Beneficially Owned By Each Reporting Person. 196,008,238 (Includes 40,186,630 shares of common stock which are subject to warrants currently exercisable within 60 days, 13,824,884 shares of common stock subject to Series A Convertible Preferred Stock, 51,387,000 shares of common stock
subject to Series A-1 Convertible Preferred Stock, and 26,506,000 shares of common stock subject to Series A-2 Convertible Preferred Stock.) |
| --- | --- |
| 12. | Check Box If The Aggregate Amount In Row (11) Excludes Certain Shares (See Instructions) o |
| 13. | Percent Of Class Represented By Amount In Row (11) 89.67% |
| 14. | Type Of Reporting Person (See Instructions) CO |
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Item 1. Security and Issuer.
This Amendment No. 7 to Schedule 13D, relates to the Common Stock, par value $0.01 per share (the "Shares"), of Next Level Communications, Inc., a Delaware corporation ("Next Level") and amends and supplements all information contained in the initial statement on Schedule 13D (the "Initial Statement") filed on January 14, 2000, as amended by Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5 and Amendment No. 6 filed on June 15, 2001, March 6, 2002, April 30, 2002, July 3, 2002, October 7, 2002 and December 20, 2002, respectively, by Motorola, Inc., a Delaware corporation ("Motorola").
Next Level's principal executive offices are at 6085 State Farm Drive, Rohnert Park, California 94928.
Item 2. Identity and Background.
Item 2 is amended and restated to read as follows:
The names, business addresses and present principal occupations or employment of the directors and executive officers of Motorola are set forth in the attached Appendix 1, which is incorporated herein by reference. To the best of Motorola's knowledge, except as noted on Appendix 1, all directors and executive officers of Motorola are citizens of the United States.
Item 4. Purpose of transaction.
Item 4(a)(j) is amended to include the following:
Proposed Going Private Transaction
On January 13, 2003, Motorola announced that it intended to commence a tender offer to acquire all of the outstanding share of common stock of Next Level at a price of $1.04 in cash. The proposal was made public on January 13, 2003. The press release is filed as an exhibit herewith and is incorporated by reference herein. Also filed as an exhibit hereto is the letter sent to the Chairman of Next Level's Board of Directors advising him of the tender offer and the Questions and Answers Regarding the Tender Offer Transaction issued by Motorola.
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Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of Issuer.
Item 6 is amended to include the following:
See "Item 4. Purpose of Transaction" for a description of the announcement by Motorola on January 13, 2003. This description is subject to, and qualified in its entirety by reference to, the press release, and answers to questions, each of which have been filed as exhibits herewith.
Item 7. Material to be Filed as Exhibits.
Item 7 is amended to include the following:
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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.
Date: January 13, 2003
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| MOTOROLA, INC. | |
|---|---|
| By: | /s/ DONALD F. MCLELLAN |
| Name: | Donald F. McLellan |
| Title: | Corporate Vice President |
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Appendix 1
INFORMATION CONCERNING THE DIRECTORS AND EXECUTIVE OFFICERS OF MOTOROLA, INC.
The following table sets forth the name, business address, and principal occupation or employment at the present time for each director and executive officer of Motorola. Unless otherwise noted, each such person is a citizen of the United States. In addition, unless otherwise noted, each such person's business address is 1303 East Algonquin Road, Schaumburg, Illinois 60106.
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| Name and Business Address Citizenship | Principal Occupation or Employment |
|---|---|
| Christopher B. Galvin | Chairman of the Board and Chief Executive Officer |
| Michael S. Zafirovski | President and Chief Operating Officer |
| Francesco Caio Via Caldera 21 20153 Milano, Italy Italian Citizenship | Chief Executive Officer Netscalibur |
| H. Laurance Fuller Primary Business Center 1111 E. Earrensville Road, #257 Naperville, IL 60563 | Retired. Formerly Co-Chairman of Board of Directors BP Amoco, p.l.c. |
| Anne P. Jones 5716 Bent Branch Road Bethesda, MD 20816 | Consultant |
| Judy C. Lewent Merck & Co., Inc. One Merck Drive Whitehouse Station, NJ 08889 | Executive Vice President and Chief Financial Officer Merck & Co., Inc. |
| Dr. Walter E. Massey Morehouse College 830 Westview Drive, SW Atlanta, GA 30314 | President Morehouse College |
| Indra K. Nooyi PepsiCo, Inc. 700 Anderson Hill Road Purchase, NY 10577 | President and Chief Financial Officer PepsiCo, Inc. |
| Nicholas Negroponte Massachusetts Institute of Technology Media Laboratory 20 Ames Street, E15-210 Cambridge, MA 02139 | Chairman Massachusetts Institute of Technology Media Laboratory |
| John E. Pepper, Jr. Procter & Gamble Co. One Procter & Gamble Plaza Cincinnati, OH 45202 | Chairman of the Board of Directors Proctor & Gamble Co. |
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| Samuel C. Scott III CPC International, Inc. 6500 Archer Road Summit-Argo, IL 60501 | Chairman and Chief Executive Officer Corn Products International |
|---|---|
| Douglas A. Warner III J.P. Morgan Chase & Co. 345 Park Avenue, 11 th Floor New York, NY 10154 | Retired. Formerly Chairman of the Board J.P. Morgan Chase & Co. |
| B. Kenneth West Retired Chairman of the Board Harris Bankcorp, Inc. 32196 North River Road Libertyville, IL 60048-4247 | Senior Consultant for Corporate Governance to Teachers Insurance and Annuity AssociateCollege Retirement Equities Fund |
| Dr. John A. White University of Arkansas 425 Administration Building Fayetteville, AR 72701 | Chancellor University of Arkansas |
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EXECUTIVE OFFICERS OF MOTOROLA, INC. (WHO ARE NOT ALSO DIRECTORS OF MOTOROLA, INC.)
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| Name | Title |
|---|---|
| Robert L. Barnett | Executive Vice President |
| Gregory Q. Brown | Executive Vice President and Chief Executive Officer Commercial, Government and Industrial Solutions Sector |
| Dennis J. Carey | Executive Vice President and President and Chief Executive Officer Integrated Electronic Systems Sector |
| Eugene A. Delaney | Executive Vice President and President Global Relations and Resources Organization |
| David W. Devonshire | Executive Vice President and Chief Financial Officer |
| Glenn A. Gienko | Executive Vice President and Motorola Director of Human Resources |
| A. Peter Lawson | Executive Vice President, General Counsel and Secretary |
| Thomas J. Lynch | Executive Vice President and President Personal Communications Sector |
| Daniel M. Moloney | Executive Vice President and President Broadband Communications Sector |
| Adrian R. Nemcek | Executive Vice President and President Global Telecom Solutions Sector |
| Fred (Theodore) A. Shlapak Canadian Citizenship | Executive Vice President and President Semiconductor Products Sector |
| Leif G. Soderberg | Senior Vice President and Director Global Strategy and Corporate Development |
| Padmasree Warrior | Senior Vice President and Chief Technology Officer |
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TOC_BEGIN
TOC_BEGIN SIGNATURE TOC_BEGIN INFORMATION CONCERNING THE DIRECTORS AND EXECUTIVE OFFICERS OF MOTOROLA, INC. EXECUTIVE OFFICERS OF MOTOROLA, INC. (WHO ARE NOT ALSO DIRECTORS OF MOTOROLA, INC.) SEQ=,FILE='QUICKLINK',USER=SPAPPON,SEQ=,EFW="2100669",CP="MOTOROLA, INC.",DN="1" TOCEXISTFLAG