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UNITED STATES |
OMB APPROVAL |
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SECURITIES AND EXCHANGE COMMISSION |
OMB Number: |
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Washington, D.C. 20549 |
Expires: |
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SCHEDULE 13G |
Estimated average |
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
TESSCO Technologies, Incorporated
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
872386107
(CUSIP Number)
December 31, 2005
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o |
Rule 13d-1(b) |
x |
Rule 13d-1(c) |
o |
Rule 13d-1(d) |
*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 the disclosures provided in a prior cover page.
The information required in 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).
CUSIP No. 872386107 |
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1. |
Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions)
Not Applicable. |
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(a) |
o |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Citizenship or Place of Organization
Illinois |
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Number of |
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Sole Voting Power
None. |
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6. |
Shared Voting Power
426,752 Shares |
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7. |
Sole Dispositive Power
None. |
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8. |
Shared Dispositive Power
426,752 Shares |
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9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
426,752 Shares |
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10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
Not Applicable |
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11. |
Percent of Class Represented by Amount in Row (9)
10.1 % |
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12. |
Type of Reporting Person (See Instructions)
PN |
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CUSIP No. 872386107 |
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1. |
Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions)
Not Applicable. |
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(a) |
o |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Citizenship or Place of Organization
Delaware |
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Number of |
5. |
Sole Voting Power
None. |
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6. |
Shared Voting Power
503,750 Shares |
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7. |
Sole Dispositive Power
None. |
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8. |
Shared Dispositive Power
503,750 Shares |
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9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
503,750 Shares |
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10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
Not Applicable |
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11. |
Percent of Class Represented by Amount in Row (9)
11.9 % |
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12. |
Type of Reporting Person (See Instructions)
OO |
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CUSIP No. 872386107 |
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1. |
Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions)
Not Applicable. |
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(a) |
o |
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(b) |
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3. |
SEC Use Only |
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4. |
Citizenship or Place of Organization
U.S.A. |
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Number of |
5. |
Sole Voting Power
None. |
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6. |
Shared Voting Power
503,750 Shares |
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7. |
Sole Dispositive Power
None. |
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8. |
Shared Dispositive Power
503,750 Shares |
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9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
503,750 Shares |
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10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
Not Applicable |
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11. |
Percent of Class Represented by Amount in Row (9)
11.9 % |
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12. |
Type of Reporting Person (See Instructions)
IN |
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4
CUSIP No. 872386107 |
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1. |
Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
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2. |
Check the Appropriate Box if a Member of a Group (See Instructions)
Not Applicable. |
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(a) |
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(b) |
o |
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3. |
SEC Use Only |
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4. |
Citizenship or Place of Organization
U.S.A. |
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Number of |
5. |
Sole Voting Power
None. |
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6. |
Shared Voting Power
503,750 Shares |
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7. |
Sole Dispositive Power
None. |
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8. |
Shared Dispositive Power
503,750 Shares |
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9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
503,750 Shares |
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10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) o
Not Applicable |
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11. |
Percent of Class Represented by Amount in Row (9)
11.9 % |
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12. |
Type of Reporting Person (See Instructions)
IN |
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5
Item 1. |
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(a) |
Name of Issuer
TESSCO Technologies Incorporated |
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(b) |
Address of Issuer's Principal Executive Offices
11126 McCormick Road, Hunt Valley, Maryland 21031 |
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Item 2. |
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(a) |
Name of Person Filing
Discovery
Equity Partners, L.P. ("Discovery Partners") |
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(b) |
Address of Principal Business Office or, if none, Residence
Discovery Partners, Discovery Group, Mr. Donoghue, and Mr. Murphy are all located at: Hyatt Center, 24th Floor, 71 South Wacker Drive, Chicago, Illinois 60606 |
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(c) |
Citizenship
Discovery
Partners is an Illinois limited partnership |
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(d) |
Title of Class of Securities
Common Stock, par value $0.01 per share |
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(e) |
CUSIP Number
872386107 |
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Item 3. |
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
Not Applicable. |
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(a) |
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Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). |
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(b) |
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Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). |
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(c) |
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Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). |
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(d) |
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Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). |
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(e) |
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An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
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(f) |
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An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
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(g) |
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A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); |
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(h) |
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A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
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(i) |
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A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
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(j) |
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Group, in accordance with §240.13d-1(b)(1)(ii)(J). |
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Item 4. |
Ownership |
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Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. |
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(a) |
Amount beneficially owned:
Discovery
Partners 426,752 |
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(b) |
Percent of class:
Discovery
Partners 10.1 %
The foregoing percentages are based on 4,218,469 shares of Common Stock of the Issuer identified in Item 1 outstanding as of November 4, 2005, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended September 25, 2005. |
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(c) |
Number of shares as to which the person has:
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(i) |
Sole power to vote or to direct the vote
None. |
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(ii) |
Shared power to vote or to direct the vote
Discovery
Partners 426,752 |
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(iii) |
Sole power to dispose or to direct the disposition of
None. |
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(iv) |
Shared power to dispose or to direct the disposition of
Discovery
Partners 426,752 |
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Item 5. |
Ownership of Five Percent or Less of a Class |
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If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o.
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Not Applicable. |
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Item 6. |
Ownership of More than Five Percent on Behalf of Another Person |
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The shares reported herein have been acquired on behalf of discretionary clients of Discovery Group, including Discovery Partners. Such discretionary clients are entitled to receive all dividends from, and proceeds from the sale of, those shares. Except for Discovery Partners, none of those discretionary clients, to the knowledge of Discovery Partners, Discovery Group, Mr. Donoghue, or Mr. Murphy, has an economic interest in more than 5% of the class.
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Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person |
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Not Applicable. |
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Item 8. |
Identification and Classification of Members of the Group |
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Not Applicable. |
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Item 9. |
Notice of Dissolution of Group |
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Not Applicable. |
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Item 10. |
Certification |
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. |
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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.
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February 7, 2006 |
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Date |
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DISCOVERY GROUP I, LLC, |
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/s/ Michael R. Murphy |
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Signature |
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Michael R. Murphy, Managing Member |
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Name/Title |
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/s/ Daniel J. Donoghue |
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Signature |
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Daniel J. Donoghue |
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Name/Title |
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/s/ Michael R. Murphy |
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Signature |
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Michael R. Murphy |
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Name/Title |
9
Exhibit Index
Exhibit 1 |
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Joint Filing Agreement dated as of February 7, 2006, by and between Discovery Equity Partners, L.P.; Discovery Group I, LLC; Daniel J. Donoghue; and Michael R. Murphy. |