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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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)
EFFICIENT NETWORKS, INC.
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(Name of Issuer)
COMMON STOCK, $0.001 PAR VALUE
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(Title of Class of Securities)
282056 10 0
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(CUSIP Number)
TEXAS INSTRUMENTS INCORPORATED
8505 FOREST LANE
P.O. BOX 660199
DALLAS, TX 75266-0199
ATTENTION: RICHARD J. AGNICH
(972) 995-3773
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(Name, address and telephone number of person
authorized to receive notices and communications)
JULY 20, 1999
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(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(e),(f) or (g), check the following box .
(Continued on following pages)
(Page 1 of 9)
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CUSIP No. 282056 10 0 13D Page 2 of 9 Pages
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1 NAME OF REPORTING PERSON Texas Instruments Incorporated
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
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NUMBER OF 7 SOLE VOTING POWER: 4,185,973
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 4,185,973
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
4,185,973
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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): 11.2%
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14 TYPE OF REPORTING PERSON: CO
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(Page 2 of 9)
ITEM 1. SECURITY AND ISSUER.
Common Stock, $0.001 par value (the "Issuer Common Stock")
Efficient Networks, Inc.
4201 Spring Valley Road, Suite 1200
Dallas, Texas 75244
ITEM 2. IDENTITY AND BACKGROUND.
Filing Person
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Name: Texas Instruments Incorporated ("TI")
State of Incorporation: Delaware
Principal Business: Semiconductors and other electronics technologies
Address of Principal Business: 8505 Forest Lane
P.O. Box 660199
Dallas, TX 75266-0199
Address of Principal Office: 8505 Forest Lane
P.O. Box 660199
Dallas, TX 75266-0199
TI has not been convicted in a criminal proceeding during
the last 5 years.
TI has not been a party to any civil proceeding as a result
of which it was 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 violations with respect to such laws.
Executive Officers and Directors
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(a) Name and Title:
1. Thomas J. Engibous - Director, Chairman of the
Board, President and Chief Executive Officer
2. James R. Adams - Director
3. David L. Boren - Director
4. James B. Busey IV - Director
5. Daniel A. Carp - Director
6. Gerald W. Fronterhouse - Director
7. David R. Goode - Director
8. Wayne R. Sanders - Director
9. Ruth J. Simmons - Director
10. Clayton K. Yeutter - Director
11. Richard J. Agnich - Senior Vice President,
Secretary and General Counsel
12. William A. Aylesworth - Senior Vice President,
Treasurer and Chief Financial Officer
(Page 3 of 9)
13. Stephen H. Leven - Senior Vice President
14. Keh-Shew Lu - Senior Vice President
15. John Scarisbrick - Senior Vice President
16. Richard Schaar - Senior Vice President
(President, Educational and Productivity
Solutions)
17. M. Samuel Self - Senior Vice President and
Controller (Chief Accounting Officer)
18. Elwin L. Skiles, Jr. - Senior Vice President
19. Richard K. Templeton - Executive Vice President
(President, Semiconductor)
20. Teresa L. West - Senior Vice President
21. Delbert A. Whitaker - Senior Vice President
22. Thomas Wroe - Senior Vice President (President,
Materials and Controls)
(b) Residence or Business Address:
1. 8505 Forest Lane P.O. Box 660199 Dallas, TX
75266-0199
2. 209 Geneseo San Antonio, TX 78209
3. 660 Parrington Oval Evans Hall, Room 110
Norman, OK 73019
4. 884 Fearrington Post Pittsboro, NC 27312
5. 343 State Street Rochester, New York 14650
6. 25 Highland Park Village Suite 100-352 Dallas,
TX 75205
7. Three Commercial Place Norfolk, VA 23510-2191
8. P.O. Box 619100 Dallas, TX 75251-9100
9. President's Office College Hall 25
Northhampton, MA 01063
10. Columbia Square 555 Thirteenth Street, N.W.
Washington, D.C. 20004-1109
11. 8505 Forest Lane P.O. Box 660199 Dallas, Texas
75266-0199
12. 8505 Forest Lane P.O. Box 660199
Dallas, Texas 75266-0199
(Page 4 of 9)
13. 8505 Forest Lane
P.O. Box 660199
Dallas, Texas 75266-0199
14. 8505 Forest Lane
P.O. Box 660199
Dallas, Texas 75266-0199
15. 8505 Forest Lane
P.O. Box 660199
Dallas, Texas 75266-0199
16. 8505 Forest Lane
P.O. Box 660199
Dallas, Texas 75266-0199
17. 8505 Forest Lane
P.O. Box 660199
Dallas, Texas 75266-0199
18. 8505 Forest Lane
P.O. Box 660199
Dallas, Texas 75266-0199
19. 8505 Forest Lane
P.O. Box 660199
Dallas, Texas 75266-0199
20. 8505 Forest Lane
P.O. Box 660199
Dallas, Texas 75266-0199
21. 8505 Forest Lane
P.O. Box 660199
Dallas, Texas 75266-0199
22. 8505 Forest Lane
P.O. Box 660199
Dallas, Texas 75266-0199
(c) Present Principal Occupation:
1. Thomas J. Engibous - Chairman, President and
Chief Executive Officer of TI
2. James R. Adams - Retired; former Chairman of
the Board of TI
3. David L. Boren - President, The University of
Oklahoma
4. James B. Busey IV - Retired Admiral, U.S. Navy
5. Daniel A. Carp - President and Chief Operating
Officer of Eastman Kodak Company
6. Gerald W. Fronterhouse - Investments
7. David R. Goode - Chairman, President and Chief
Executive Officer, Norfolk Southern Corporation
8. Wayne R. Sanders - Chairman of the Board and
Chief Executive Officer of Kimberly-Clark
Corporation
9. Ruth J. Simmons - President of Smith College
10. Clayton K. Yeutter - Of Counsel, Hogan &
Hartson
(Page 5 of 9)
11. Richard J. Agnich - Senior Vice President,
Secretary and General Counsel of TI
12. William A. Aylesworth - Senior Vice President,
Treasurer and Chief Financial Officer of TI
13. Stephen H. Leven - Senior Vice President of TI
14. Keh-Shew Lu - Senior Vice President of TI
15. John Scarisbrick - Senior Vice President of TI
16. Richard Schaar - Senior Vice President
(President, Educational and Productivity
Solutions) of TI
17. M. Samuel Self - Senior Vice President and
Controller (Chief Accounting Officer) of TI
18. Elwin L. Skiles, Jr. - Senior Vice President of
TI
19. Richard K. Templeton - Executive Vice President
(President, Semiconductor) of TI
20. Teresa L. West - Senior Vice President of TI
21. Delbert A. Whitaker - Senior Vice President of
TI
22. Thomas Wroe - Senior Vice President (President,
Materials and Controls) of TI
(d) Convictions in Criminal Proceedings during the last 5
Years:
None of the persons listed in paragraph (a) above have been
convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors) during the last 5 years.
(e) Proceedings involving Federal or State Securities Laws:
None of the persons listed in paragraph (a) above have been
parties to any civil proceeding as a result of which such person was
subject to a judgment enjoining future violations of, or prohibiting
or mandating activities subject to federal or state securities laws
or finding any violations with respect to such laws.
(f) Citizenship:
Each of persons listed in paragraph (a) above is a United
States citizen.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
In September 1995, TI purchased 2,473,644 shares of Series
D Preferred Stock of the Issuer in a private placement, and in
February 1998, TI purchased 1,712,329 shares of Series F Preferred
Stock of the Issuer in a private placement (collectively, the
"Convertible Preferred Stock"). The Convertible Preferred Stock was
converted into 4,185,973 shares of Issuer Common Stock immediately
prior to the Issuer's initial public offering of Issuer Common Stock
effected on July 20, 1999.
(Page 6 of 9)
ITEM 4. PURPOSE OF TRANSACTION.
As described in Item 3 above, TI acquired the shares of
Issuer Common Stock upon conversion of shares of Convertible
Preferred Stock acquired by TI from the Issuer for investment
purposes. TI has no plans or proposals which relate to or would
result in (i) the acquisition of additional securities of the Issuer,
(ii) an extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its
subsidiaries, (iii) a sale or transfer of a material amount of assets
of the Issuer or any of its subsidiaries, (iv) any change in the
present board of directors or management of the Issuer, including any
plans or proposals to change the number or term of directors or to
fill any existing vacancies on the board, (v) any material change in
the present capitalization or dividend policy of the Issuer, (vi) any
other material change in the Issuer's business or corporate
structure, (vii) changes in the Issuer's charter or bylaws or actions
which may impede the acquisition of control of the Issuer by any
person, (viii) causing a class of securities of the Issuer to be
delisted from a national securities exchange or to cease to be
authorized to be quoted in an inter-dealer quotation system of a
registered national securities association, (ix) a class of equity
securities of the Issuer becoming eligible for termination of
registration pursuant to Section 12(g)(4) of the Securities Exchange
Act of 1934, or (x) any actions similar to any of those enumerated
above.
ITEM 5. INTEREST IN SECURITIES OF ISSUER.
(a) TI beneficially owns 4,185,973 shares of the Issuer Common
Stock (representing approximately 11.2% of the outstanding
shares of such class of securities). To the knowledge of
TI, none of the directors or officers of TI listed in Item
2 above beneficially own any shares of the Issuer Common
Stock.
(b) TI has the sole power to vote or to direct the vote and
the sole power to dispose or to direct the disposition of
4,185,973 shares of Issuer Common Stock.
(c) TI acquired 4,185,973 shares of Issuer Common Stock upon
conversion of 4,185,973 shares of Convertible Preferred
Stock held by TI on or about July 20, 1999. No additional
consideration was paid by TI for the shares of Issuer
Common Stock received upon conversion of shares of
Convertible Preferred Stock. The conversion of Convertible
Preferred Stock into Issuer Common Stock was effected by
TI with the Issuer in accordance with the terms governing
the Convertible Preferred Stock.
(d) N/A
(e) N/A
(Page 7 of 9)
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO THE SECURITIES OF THE ISSUER.
In connection with its acquisition of the Convertible
Preferred Stock, TI entered into an Investors' Rights Agreement,
dated as of July 30, 1993 and amended by Amendments No. 1 through 7
thereof, among the Issuer and the securityholders parties thereto.
Such Investors' Rights Agreement provides certain registration rights
to TI with respect to the Issuer Common Stock.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
1. Investors' Rights Agreement, dated as of July 30, 1993 and
amended by Amendments No. 1 through 7 thereof, among the
Issuer and the securityholders parties thereto.*
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*Incorporated by reference to Exhibits 10.4, 10.5, 10.6, 10.7, 10.8,
10.9, 10.10 and 10.11 to the Issuer's Registration Statement on Form S-1 (File
No. 333-77795) filed with the Commission on May 5, 1999.
(Page 8 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.
TEXAS INSTRUMENTS INCORPORATED
September 29, 1999 By: /s/ Willaim A. Aylesworth
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Date Name: William A. Aylesworth
Title: Senior Vice President
Treasurer and
Chief Financial Officer
(Page 9 of 9)