UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
NAM TAI ELECTRONICS, INC.
(Name of Issuer)
Common Shares, $0.01 par value
(Title of Class of Securities)
629865 205
(Cusip Number)
Mr. M. K. Koo
c/o Zastron (Macao Commercial Offshore) Co. Ltd.
Unit C, 17th Floor
Edificio Comercial Rodrigues
599 da Avenida da Prania Grande
Macao
Telephone: (853) 356-333
Fax: (853) 356-262
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
with a copy to:
Mr. Stephen K. Seung, ESQ.
2 Mott Street, Suite 601
New York, New York 10013
Telephone: (212) 732-0030
Fax: (212) 227-5097
August 13, 2004
(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 |_|.
Check the following box if a fee is being paid with the statement |_|.
CUSIP No. 629865 205
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1. NAME OF REPORTING PERSON - Ming Kown Koo
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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2. CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP
(a) |_|
N/A (b) |_|
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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) |_|
N/A
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6. CITIZENSHIP OR PLACE OF ORGANIZATION Canadian
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7. SOLE VOTING POWER: 6,625,786
Number of Shares -----------------------------------------------------
Beneficially 8. SHARES VOTING POWER: N/A
Owned by Each -----------------------------------------------------
Reporting Person 9. SOLE DISPOSITIVE POWER: 6,625,786
With -----------------------------------------------------
10. SHARES DISPOSITIVE POWER: N/A
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,625,786
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.46%
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14. TYPE OF REPORTING PERSON
IN
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Item 1. Security and Issuer.
This statement relates to the common shares, $0.01 par value (the
"Common Shares") of Nam Tai Electronics, Inc. (the "Company") an International
Business Company organized under the laws of the British Virgin Islands, with
principal executive offices located 3rd Floor, 116 Main Street, Road Town,
Tortola, British Virgin Islands.
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Item 2. Identity and Background.
(a) This statement is being filed by Mr. Ming Kown Koo ("Mr. Koo"), an
individual.
(b) Mr. Koo's business address is Nam Tai Electronics, Inc.,
c/o Zastron (Macao Commercial Offshore), Co. Ltd.
Unit C, 17/F, Edificio Comercial Rodrigues
599 da Avenida da Praia Grande, Macao.
(c) Mr. Koo is a Director and the Chief Financial Officer of the Company.
(d) During the past five years Mr. Koo has not been convicted in a criminal
proceeding and has not been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction, as a result of which
it 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 of finding any violation with respect
to such laws.
(e) Mr. Koo is a Canadian citizen.
Item 3. Source and Amount of Funds and Other Consideration.
The shares were purchased with Mr. Koo's personal funds.
Item 4. Purpose of Transaction.
The Common Shares of Nam Tai were acquired for investment purposes in
the ordinary course of business by Mr. Koo and were not acquired with the
purpose or effect of changing or influencing control of Nam Tai. Mr. Koo reviews
his holdings of Nam Tai on an ongoing basis. Depending on such review and on
various factors, including, without limitation, the price of the shares, stock
market conditions, and business prospects of Nam Tai, Mr. Koo reserves the right
to make additional purchases or sales of the Common Shares of Nam Tai in the
future, although he has no present plans or proposals to do so. Any purchases
may be effected directly or through one or more entities controlled or deemed to
be controlled by Mr. Koo. Any purchases or sales may be in the open market, in a
privately negotiated transaction or otherwise. Mr. Koo does not have any current
plans or proposals which relate to or would result in any of the transactions or
changes contemplated in Items 4(a) through 4(j) of Schedule 13D, except for any
actions taken by Mr. Koo in his role as a Director and Chief Financial Officer.
Item 5. Interest in Securities of the Issuer.
(a) At August 23, 2004, as a result of the purchase of 565,400 Common
Shares, Mr. Koo beneficially owned 6,625,786 of the Common Shares
outstanding, representing a 15.46% ownership of outstanding Common
Shares. The amount of Common Shares includes: (i) 6,445,786 Common
Shares; and (ii) 180,000 Common Shares that Mr. Koo may acquire upon
the exercise of employee stock options which are exercisable within
sixty days of the date hereof. The percentage ownership was calculated
in accordance with Rule 13d(1)(i) under the Securities Exchange Act of
1934.
(b) Mr. Koo has exclusive investment voting and investment power over the
Common Shares referred to in paragraph (a).
(c) The following table sets forth details of the open market purchases of
Common Shares (made through Bear, Stearns & Co., Inc.) made by Mr. Koo
during the last sixty days.
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Number of Common
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Purchase Price Total Purchase
Transaction Date Shares Purchased Per Share Price
--------------------- --------------------- ------------------- -------------------
August 4, 2004 42,300 $18.4065 $778,594.95
------------------------------ ---------------------------- ----------------------------- -------------------
August 5, 2004 57,700 $18.4317 $1,063,509.09
------------------------------ ---------------------------- ----------------------------- -------------------
August 6, 2004 124,500 $17.6470 $2,197,051.50
------------------------------ ---------------------------- ----------------------------- -------------------
August 9, 2004 75,500 $17.6803 $1,334,862.65
------------------------------ ---------------------------- ----------------------------- -------------------
August 10, 2004 17,700 $17.9401 $317,539.77
------------------------------ ---------------------------- ----------------------------- -------------------
August 11, 2004 109,000 $17.7847 $1,938,532.30
------------------------------ ---------------------------- ----------------------------- -------------------
August 12, 2004 31,100 $17.4738 $543,435.18
------------------------------ ---------------------------- ----------------------------- -------------------
August 13, 2004 107,600 $16.7538 $1,802,708.88
------------------------------ ---------------------------- ----------------------------- -------------------
(d) No other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of,
the Shares.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
Not applicable.
Item 7. Material to Be Filed as Exhibits.
Not applicable.
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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: August 23, 2004 By: /s/ MING KOWN KOO
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MING KOWN KOO
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