UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE TO
TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) or 13(e)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
(Final Amendment)
SUN HYDRAULICS CORPORATION
(NAME OF SUBJECT COMPANY AND PERSON FILING)
OPTIONS TO PURCHASE COMMON STOCK,
PAR VALUE $.001 PER SHARE, HAVING AN EXERCISE PRICE OF $16.75
(TITLE OF CLASS OF SECURITIES)
866942 10 5
(CUSIP Number of Underlying Class of Securities)
ALLEN J. CARLSON
CHIEF EXECUTIVE OFFICER
1500 WEST UNIVERSITY PARKWAY
SARASOTA, FLORIDA 34243
(941) 362-1200
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED
TO RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF
THE PERSON(s) FILING STATEMENT)
With a copy to:
GREGORY C. YADLEY, ESQ.
SHUMAKER, LOOP & KENDRICK, LLP
TAMPA, FL 33602
(813) 229-7600
CALCULATION OF FILING FEE
Transaction Valuation* Amount of Filing Fee
------------------------------------------------------------------
$203,438 $41.00
*Calculated solely for purposes of determining the filing fee. This amount
assumes that 26,250 shares of restricted stock of the Company will be issued in
exchange for 105,000 options eligible to be purchased pursuant to this offer.
The aggregate value of the shares of restricted stock was based on the closing
price of the Company's common stock on June 8, 2001. The amount of the filing
fee calculated in accordance with Rule 0-11 of the Securities Exchange Act of
1934, as amended, equals 1/50 of one percent of the value of the transaction.
[X] Check box if any part of the fee is offset as provided by Rule 0-11(a)(2)
and identify the filing with which the offsetting fee was previously paid.
Identify the previous filing by registration statement number, or the Form or
Schedule and the date of its filing.
Amount previously paid: $41 Filing party: Sun Hydraulics Corporation
Form of registration No.: Schedule TO Date filed: June 12, 2001
[ ] 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:
[ ] third party tender offer subject to Rule 14d-1.
[ ] going-private transaction subject to Rule 13e-3.
[X] issuer tender offer subject to Rule 13e-4.
[ ] 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. [X]
INTRODUCTORY STATEMENT
This Final Amendment to the Tender Offer Statement amends and
supplements the Schedule TO filed with the Securities and Exchange Commission on
June 12, 2001, as amended by Amendment No. 1 to Schedule TO filed on June 26,
2001 (as amended, the "Schedule TO"), and reports the final results of the offer
(the "Offer") by Sun Hydraulics Corporation (the "Company") to purchase from 14
of its employees all outstanding options to purchase shares of the Company's
common stock, par value $.001 per share, having an exercise price of $16.75 (the
"Options") in exchange for shares of restricted stock, on the terms and subject
to the conditions in the Offer to Purchase dated June 12, 2001, which was
attached as Exhibit (a)(1) to the Schedule TO.
ITEM 4. TERMS OF THE TRANSACTION.
Item 4 is hereby amended and supplemented as follows:
The Offer expired at 5:00 p.m., Eastern Daylight Savings Time, on
July 12, 2001. The Company has accepted for purchase Options exercisable for
105,000 shares of its common stock. Subject to the terms and conditions of the
Offer, the Company will issue 26,250 shares of restricted stock in exchange for
the tendered Options. The Company will promptly forward to each optionholder
whose options have been accepted for exchange a restricted share agreement,
stock power form and 83(b) election form. Upon the Company's receipt of the
properly executed restricted share agreement and stock power, the Company will
issue the restricted stock to the account of each such optionholder.
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this Final Amendment to the Schedule TO is
true, complete and correct.
SUN HYDRAULICS CORPORATION
By: /s/ Richard J. Dobbyn
------------------------------------
Richard J. Dobbyn
Dated: July 17, 2001