UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Brightpoint, Inc.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
109473108
(CUSIP Number)
STEPHEN J. DUTTON, ESQ.
Leagre Chandler & Millard LLP
1400 First Indiana Plaza
135 North Pennsylvania Street
Indianapolis, Indiana 46204-2415
(317) 808-3000
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
August 7, 2002
(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 ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d 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 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 ("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).
SCHEDULE 13D
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CUSIP No. 109473108
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1. NAME OF REPORTING PERSON:
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY)
Timothy S. Durham
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
PF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7. SOLE VOTING POWER
SHARES 351,381
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BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 4,757
---------------------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 351,381
---------------------------------------------
WITH 10. SHARED DISPOSITIVE POWER
4,757
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
356,138
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
[X]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.46%
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14. TYPE OF REPORTING PERSON
IN
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SCHEDULE 13D
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CUSIP No. 109473108
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1. NAME OF REPORTING PERSON:
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY)
Diamond Investments, LLC 35-2088657
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
Indiana
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NUMBER OF 7. SOLE VOTING POWER
SHARES 4,757
---------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
---------------------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 4,757
---------------------------------------------
WITH 10. SHARED DISPOSITIVE POWER
0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,757
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
[X]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.06%
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14. TYPE OF REPORTING PERSON
OO
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SCHEDULE 13D
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CUSIP No. 109473108
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1. NAME OF REPORTING PERSON:
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY)
Henri B. Najem, Jr.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS
PF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 7. SOLE VOTING POWER
SHARES 44,285
---------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 0
---------------------------------------------
EACH REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 44,285
---------------------------------------------
WITH 10. SHARED DISPOSITIVE POWER
0
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,500
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
[X]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.55%
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14. TYPE OF REPORTING PERSON
IN
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ITEM 1. SECURITY AND ISSUER.
This statement relates to shares of common stock, $0.01 par value per share (the
"Common Stock"), of Brightpoint, Inc., a Delaware corporation (the "Issuer"),
that the Reporting Persons own of record or beneficially. The principal
executive offices of the Issuer are located at 600 East 96th Street, Suite 575,
Indianapolis, Indiana 46240.
ITEM 2. IDENTITY AND BACKGROUND.
This Schedule 13D is jointly filed by the following persons (collectively, the
"Reporting Persons"): Timothy S. Durham; Diamond Investments, LLC, an Indiana
limited liability company ("Diamond"); and Henri B. Najem, Jr.
Mr. Durham is a citizen of the United States and his principal address is 111
Monument Circle, Suite 3680, Indianapolis, Indiana 46204. Mr. Durham serves as
the Chairman and Chief Executive Officer of Obsidian Enterprises, Inc. and as
Chairman of Fair Holdings, Inc. The address of the principal offices of Obsidian
Enterprises, Inc. and Fair Holdings, Inc. is 111 Monument Circle, Suite 3680,
Indianapolis, Indiana 46204.
Diamond is an Indiana limited liability company. Diamond is the personal
investment vehicle of Timothy S. Durham and certain members of his immediate
family. Mr. Durham has majority ownership interest in and voting control of
Diamond. The address of the principal office of Diamond is 111 Monument Circle
Suite 3680, Indianapolis, Indiana 46204.
Mr. Najem is a citizen of the United States and his principal address is 10158
Brook School Road, Fishers, Indiana 46038. Mr. Najem owns Bella Vita restaurant.
The address of the principal office of Bella Vita is 10158 Brook School Road,
Fishers, Indiana 46038.
During the last five years, none of the Reporting Persons (i) has been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors)
or (ii) was 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, federal or state securities laws
or finding any violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The aggregate purchase price for the 400,424 shares purchased by the Reporting
Entities was $954,537. The source of funds for the purchases was personal funds
for Mr. Durham and Mr. Najem and working capital for Diamond Investments LLC.
ITEM 4. PURPOSE OF TRANSACTION.
Each of the Reporting Entities acquired beneficial ownership of the
shares of Common Stock to which this statement relates for the purpose of
investment and to gain a significant equity interest in Brightpoint.
Each of the Reporting Entities may acquire additional shares or other securities
of Brightpoint or sell or otherwise dispose of any or all of the shares or other
securities of Brightpoint they beneficially own.
The Reporting Entities may engage in discussions with the management and members
of the Board of Directors of Brightpoint concerning the business, operations and
future plans of Brightpoint.
The Reporting Entities may also consider other actions to maximize stockholder
value including, without limitation:
o Proposing an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving Brightpoint or any of its
subsidiaries; and
o Proposing change in the present Board of Directors or management of
Brightpoint.
Other than described above, none of the Reporting Entities currently have any
plans or proposals which relate to, or may result in, any of the matters listed
in Items 4(a) - (j) of Schedule 13D (although they reserve the right to develop
such plans).
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of the close of business on August 7, 2002, the Reporting Persons may be
deemed to beneficially own, in the aggregate, 400,424 shares, representing
approximately 5% of the Issuer's outstanding shares (based on the shares
stated to be outstanding as of May 13, 2002 in the Issuer's Form 10-Q for
the period ending March 31, 2002 filed with the Securities and Exchange
Commission, adjusted to give effect to the 1 for 7 reverse stock split that
occurred on June 26, 2002).
(b) Mr. Durham has sole voting and sole dispositive power with respect to
351,381 shares. Mr. Najem has sole voting and sole dispositive power with
respect to 44,285 shares. Mr. Durham may be deemed to beneficially own and
share voting and dispositive power with respect to the 4,757 shares held by
Diamond Investments, LLC, because of the interests in or positions he holds
with that entity as reported in response to Item 2. The information in Item
2 is incorporated herein by reference.
(c) The following table presents information on securities acquired within the
past sixty days. All of the transactions were open market purchase
transactions. The number of shares and price per share have been adjusted
to give effect to the 1 for 7 reverse stock split that occurred on June 26,
2002.
No. of Price Per
Shareholder Date Shares Transaction Share ($)
Timothy S. Durham 8/7/2002 6,000 Open Market Purchase $1.57
Timothy S. Durham 8/5/2002 20,000 Open Market Purchase $1.64
Timothy S. Durham 8/5/2002 3,000 Open Market Purchase $1.69
Timothy S. Durham 8/2/2002 21,500 Open Market Purchase $1.60
Timothy S. Durham 8/1/2002 20,000 Open Market Purchase $1.75
Timothy S. Durham 7/26/2002 10,100 Open Market Purchase $1.24
Timothy S. Durham 7/22/2002 10,000 Open Market Purchase $1.29
Timothy S. Durham 7/19/2002 30,000 Open Market Purchase $1.36
Timothy S. Durham 7/19/2002 20,000 Open Market Purchase $1.45
Timothy S. Durham 7/12/2002 31,300 Open Market Purchase $1.28
Timothy S. Durham 7/11/2002 10,000 Open Market Purchase $1.32
Timothy S. Durham 7/10/2002 10,000 Open Market Purchase $1.32
Timothy S. Durham 7/8/2002 10,000 Open Market Purchase $1.72
Timothy S. Durham 7/5/2002 10,000 Open Market Purchase $1.97
Timothy S. Durham 6/28/2002 10,000 Open Market Purchase $1.95
Timothy S. Durham 6/26/2002 4,871 Open Market Purchase $2.61
Timothy S. Durham 6/14/2002 286 Open Market Purchase $2.03
Timothy S. Durham 6/13/2002 43 Open Market Purchase $2.03
Timothy S. Durham 6/5/2002 14,286 Open Market Purchase $1.77
Timothy S. Durham 5/28/2002 14,286 Open Market Purchase $2.57
Timothy S. Durham 5/28/2002 5,714 Open Market Purchase $2.80
Timothy S. Durham 5/28/2002 4,286 Open Market Purchase $2.73
Timothy S. Durham 5/28/2002 414 Open Market Purchase $2.52
Timothy S. Durham 5/28/2002 1,779 Open Market Purchase $2.59
Timothy S. Durham 5/28/2002 2,093 Open Market Purchase $2.66
Timothy S. Durham 5/24/2002 7,143 Open Market Purchase $2.52
Timothy S. Durham 5/9/2002 7,143 Open Market Purchase $3.08
Timothy S. Durham 5/3/2002 11,852 Open Market Purchase $4.22
Timothy S. Durham 5/1/2002 1,814 Open Market Purchase $3.36
Timothy S. Durham 4/1/2002 1,758 Open Market Purchase $5.46
Timothy S. Durham 3/14/2002 1,329 Open Market Purchase $5.67
Timothy S. Durham 2/14/2002 14,571 Open Market Purchase $5.67
Timothy S. Durham 2/13/2002 18,671 Open Market Purchase $5.60
Timothy S. Durham 2/11/2002 17,143 Open Market Purchase $5.88
Diamond Investments, LLC 5/17/2002 4,757 Open Market Purchase $3.71
Henri Najem 8/6/2002 4,000 Open Market Purchase $1.70
Henri Najem 8/6/2002 100 Open Market Purchase $1.74
Henri Najem 8/6/2002 2,300 Open Market Purchase $1.75
Henri Najem 8/6/2002 5,600 Open Market Purchase $1.79
Henri Najem 8/2/2002 100 Open Market Purchase $1.74
Henri Najem 8/2/2002 1,900 Open Market Purchase $1.77
Henri Najem 8/2/2002 100 Open Market Purchase $1.75
Henri Najem 8/2/2002 1,200 Open Market Purchase $1.56
Henri Najem 8/2/2002 600 Open Market Purchase $1.55
Henri Najem 8/2/2002 100 Open Market Purchase $1.59
Henri Najem 8/2/2002 300 Open Market Purchase $1.59
Henri Najem 8/2/2002 100 Open Market Purchase $1.54
Henri Najem 8/2/2002 500 Open Market Purchase $1.55
Henri Najem 8/2/2002 100 Open Market Purchase $1.64
Henri Najem 8/1/2002 4,400 Open Market Purchase $1.62
Henri Najem 7/31/2002 600 Open Market Purchase $1.63
Henri Najem 7/23/2002 100 Open Market Purchase $1.32
Henri Najem 7/23/2002 1,000 Open Market Purchase $1.33
Henri Najem 7/23/2002 3,900 Open Market Purchase $1.34
Henri Najem 7/15/2002 2,000 Open Market Purchase $1.38
Henri Najem 7/9/2002 2,000 Open Market Purchase $1.79
Henri Najem 7/8/2002 1,500 Open Market Purchase $1.99
Henri Najem 7/8/2002 500 Open Market Purchase $2.01
Henri Najem 6/6/2002 2,857 Open Market Purchase $1.39
Henri Najem 6/4/2002 1,429 Open Market Purchase $2.20
Henri Najem 5/24/2002 1,429 Open Market Purchase $2.50
Henri Najem 5/21/2002 1,428 Open Market Purchase $2.79
Henri Najem 5/9/2002 714 Open Market Purchase $3.09
Henri Najem 5/8/2002 1,214 Open Market Purchase $3.79
Henri Najem 5/8/2002 214 Open Market Purchase $3.80
Henri Najem 4/30/2002 714 Open Market Purchase $4.03
Henri Najem 4/29/2002 571 Open Market Purchase $5.39
Henri Najem 4/29/2002 71 Open Market Purchase $5.46
Henri Najem 4/29/2002 643 Open Market Purchase $5.55
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit A: Joint Filing Agreement
Signatures
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.
Dated: August 8, 2002
/s/ Timothy S. Durham
--------------------------------------------
Timothy S. Durham
/s/ Henri B. Najem, Jr.
--------------------------------------------
Henri B. Najem, Jr.
DIAMOND INVESTMENTS, LLC
By: /s/ Timothy S. Durham
--------------------------------------------
Timothy S. Durham
Its: Managing Member
EXHIBIT INDEX
Exhibit No. Description
A Joint Filing Agreement
EXHIBIT A
Joint Filing Agreement
Each of the undersigned hereby agrees and consents to the filing of a single
Schedule 13D and any and all future amendments thereto with the Securities and
Exchange Commission on behalf of the undersigned and the other persons listed in
Item 2 of the Schedule 13D in connection with their beneficial ownership of
securities of Brightpoint, Inc.
Dated: August 8, 2002
/s/ Timothy S. Durham
--------------------------------------------
Timothy S. Durham
/s/ Henri B. Najem, Jr.
--------------------------------------------
Henri B. Najem, Jr.
DIAMOND INVESTMENTS, LLC
By: /s/ Timothy S. Durham
--------------------------------------------
Timothy S. Durham
Its: Managing Member