Filed On 12/9/05 4:32pm ET · SEC File 5-80571 · Accession Number 950138-5-1173
As Of Filer Filing As/For/On Docs:Pgs Issuer Agent
12/09/05 Lenorth Holdings S/A SC 13D/A 1:9 Odimo INC 950138
Benny Steinmetz
Daniel Steinmetz
Lenorth Holdings/S/A
Nir Livnat
SDG Marketing/Inc
Amendment to General Statement of Beneficial Ownership · Schedule 13D
Filing Table of Contents
Document/Exhibit Description Pages Size
1: SC 13D/A Lenorth Holdings\Odimo Dec 8 13d 9 42K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 1)*
Odimo Incorporated
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
67606R107
(CUSIP Number)
Alan Lipton
Chief Executive Officer and President
Odimo Incorporated
14001 N.W. 4th Street
Sunrise, Florida 33325
Tel. No.: (954) 835-2233
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 5, 2005
(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 Rule 13d 1(e), 13d-1(f) or 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(b) 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 (the "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).
CUSIP No. 67606R107 13D Page 2 of 9
-----------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Beny Steinmetz
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
-----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e)
[ ]
-----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
-----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
--------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,657,070 (See Item 5)
--------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
--------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,657,070 (See Item 5)
-----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,657,070 (See Item 5)
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.1% (See Item 5)
-----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
CUSIP No. 67606R107 13D Page 3 of 9
-----------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Daniel Steinmetz
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
-----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e)
[ ]
-----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
-----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
--------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,657,070 (See 5)
--------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
--------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,657,070 (See Item 5)
-----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,657,070 (See Item 5)
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.1% (See Item 5)
-----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
CUSIP No. 67606R107 13D Page 4 of 9
-----------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Nir Livnat
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
-----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e)
[ ]
-----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Israel
-----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
--------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,657,070 (See Item 5)
--------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
--------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,657,070 (See Item 5)
-----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,657,070 (See Item 5)
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
23.1% (See Item 5)
-----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
-----------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
CUSIP No. 67606R107 13D Page 5 of 9
-----------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Lenorth Holdings, S.A.
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 SOURCE OF FUNDS*
No applicable
-----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e)
[ ]
-----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
-----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
--------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,023,762
--------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
--------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,023,762
-----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,023,762
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
14.3%
-----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
-----------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
CUSIP No. 67606R107 13D Page 6 of 9
-----------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
SDG Marketing, Inc.
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 SOURCE OF FUNDS*
Not applicable
-----------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEM 2(d) or 2(e)
[ ]
-----------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
-----------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
--------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 633,308
--------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 0
--------------------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 633,308
-----------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
633,308
-----------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
-----------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.8%
-----------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
-----------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT
CUSIP No. 67606R107 13D Page 7 of 9
Item 1. Security and Issuer.
This Amendment No. 1 to Schedule 13D is being filed by the Reporting Persons in
connection with the Common Stock, par value $0.001 per share (the "Common
Stock"), of Odimo Incorporated, a Delaware corporation (the "Company"), with its
principal executive offices at 14001 N.W. 4th Street, Sunrise, Florida 33325.
In accordance with Rule 13d-2 of the Securities and Exchange Act of 1934, as
amended (the "Exchange Act"), this Amendment No. 1 amends and supplements only
information that has materially changed since the February 28, 2005 filing by
the Reporting Persons of the Schedule 13D. Unless otherwise indicated herein,
terms used but not otherwise defined in this Amendment No. 1 shall have the same
respective meanings herein as are ascribed to such terms in the Schedule 13D.
Item 4. Purpose of Transaction
Item 4 of the Schedule 13D is hereby amended and supplemented by adding the
following additional paragraph:
Pursuant to Rule 13d-3 of the Exchange Act, because Beny Steinmetz is a majority
shareholder of STI Ventures, N.V., a venture company ("STI"), he was deemed to
be the beneficial owner of such shares of Common Stock of the Company held by
STI. On December 5, 2005, STI made a pro-rata distribution of all of the shares
of Common Stock of the Company held by STI to its preferred equity holders. Mr.
Steinmetz did not receive any shares of the Company in such distribution. See
Item 5 for Mr. Steinmetz's current beneficial ownership.
Item 5. Interest in Securities of the Issuer
Item 5 of the Schedule 13D is hereby amended and restated in its entirety:
(a) Lenorth Holdings, S.A. beneficially owns 1,023,762 shares of Common
Stock of the Company, constituting approximately 14.3% of the issued and
outstanding Common Stock of the Company (based on 7,161,923 shares of Common
Stock of the Company outstanding as set forth in the Company's quarterly report
on Form 10-Q filed with the Securities and Exchange Commission on November 14,
2005). Pursuant to Rule 13d-3 of the Exchange Act, each
of Beny Steinmetz, Daniel Steinmetz and Nir Livnat are deemed to be the
beneficial owners of the shares of Common Stock of the Company held of record by
Lenorth Holdings, S.A.
SDG Marketing, Inc. beneficially owns 633,308 shares of Common Stock of the
Company, constituting approximately 8.8% of the issued and outstanding Common
Stock of the Company (based on 7,161,923 shares of Common Stock of the Company
outstanding as set forth in the Company's quarterly report on Form 10-Q filed
with the Securities and Exchange Commission on November 14, 2005). Pursuant to
Rule 13d-3 of the Exchange Act, each of Beny Steinmetz,
Daniel Steinmetz and Nir Livnat are deemed to be the beneficial owners of the
shares of Common Stock of the Company held of record by SDG Marketing, Inc.
Each of Beny Steinmetz, Daniel Steinmetz and Nir Livnat beneficially owns
1,657,070 shares of Common Stock of the Company, constituting approximately
23.1% of the issued and outstanding Common Stock of the Company (based on
7,161,923 shares of Common Stock of the Company outstanding as set forth in the
Company's quarterly report on Form 10-Q filed with the Securities and Exchange
Commission on November 14, 2005).
CUSIP No. 67606R107 13D Page 8 of 9
(b) SDG Marketing, Inc. and Lenorth Holdings, S.A. are part of The
Steinmetz Diamond Group, which is owned indirectly by trusts or foundations for
the benefit of Beny Steinmetz, Daniel Steinmetz
and Nir Livnat. Beny Steinmetz and Daniel Steinmetz are brothers. Nir Livnat is
not related to either Beny or Daniel Steinmetz. By virtue of these
relationships, each of Beny Steinmetz, Daniel Steinmetz and Nir Livnat may be
deemed to share the power to vote or to direct the vote and may be deemed to
share the power to dispose or to direct the disposition of the shares of Common
Stock of the Company held of record by Lenorth Holdings, S.A. and SDG Marketing,
Inc.
(c) Except as described herein, the Reporting Persons have not effected any
transactions in the Common Stock of the Company during the past sixty days.
(d) Except as described herein, no other person has the right to receive or
the power to direct the receipt of dividends from, or the proceeds from the sale
of, the Common Stock.
(e) Not applicable.
Item 7. Material to be Filed as Exhibits.
Item 7 of the Schedule 13D is hereby amended and supplemented to include the
following:
Exhibit 1 - Joint Filing Agreement
Exhibit 2 - Limited Power of Attorney (incorporated by reference to Schedule 13D
filed by the Reporting Persons on February 28, 2005)
CUSIP No. 67606R107 13D Page 9 of 9
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.
Dated: December 9, 2005
/s/ Pavlo Protopapa, Authorized
Representative
----------------------------------------
Beny Steinmetz
/s/ Pavlo Protopapa, Authorized
Representative
----------------------------------------
Daniel Steinmetz
/s/ Pavlo Protopapa, Authorized
Representative
----------------------------------------
Nir Livnat
LENORTH HOLDINGS, S.A.
By: /s/ Pavlo Protopapa
----------------------------------------
Name: Pavlo Protopapa
Title: Authorized Representative
SDG MARKETING, INC.
By: /s/ Pavlo Protopapa
----------------------------------------
Name: Pavlo Protopapa
Title: Authorized Representative
Exhibit 1
JOINT FILING AGREEMENTE
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934,
as amended, the undersigned agree to the joint filing on behalf of each of them
of a statement on Schedule 13D (including amendments thereto) with respect to
certain shares of Common Stock, of Odimo Incorporated and further agree that
this Joint Filing Agreement shall be included as an exhibit to such joint
filings.
The undersigned further agree that each party hereto is responsible for the
timely filing of such Schedule 13D and any amendments thereto, and for the
completeness and accuracy of the information concerning such party contained
therein; provided, however, that no party is responsible for the completeness or
accuracy of the information concerning any other party making the filing, unless
such party knows or has reason to believe that such information is inaccurate.
IN WITNESS WHEREOF, the parties have executed this Joint Filing Agreement
on December 9, 2005.
/s/ Pavlo Protopapa, Authorized
Representative
----------------------------------------
Beny Steinmetz
/s/ Pavlo Protopapa, Authorized
Representative
----------------------------------------
Daniel Steinmetz
/s/ Pavlo Protopapa, Authorized
Representative
----------------------------------------
Nir Livnat
LENORTH HOLDINGS, S.A.
By: /s/ Pavlo Protopapa
----------------------------------------
Name: Pavlo Protopapa
Title: Authorized Representative
SDG MARKETING, INC.
By: /s/ Pavlo Protopapa
----------------------------------------
Name: Pavlo Protopapa
Title: Authorized Representative
Dates Referenced Herein and Documents Incorporated By Reference
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