UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
l3D
Under
the Securities Exchange Act of 1934
(Amendment
No. 1)*
Artesyn
Technologies, Inc.
(Name of
Issuer)
Common
Stock, $0.01 par value
(Title of
Class of Securities)
043127109
(CUSIP
Number)
Colin W.
Dunn, Vice President
Bel Fuse
Inc.
206 Van
Vorst Street
Jersey
City, New Jersey 07302
(201)
432-0463
(Name,
Address and Telephone Number of Person
Authorized
to Receive Notices and Communications)
May
11, 2005
(Date of
Event which Requires Filing of this Statement)
If the
filing person has previously filed a statement on Schedule l3G to report the
acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. o
Note:
Schedules filed in paper format shall include a signed original and five copies
of the schedule, including all exhibits. See Section 240.13d-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).
Item
4. Purpose of Transaction.
As
previously disclosed by Bel Fuse Inc. (“Bel”) in its Schedule 13D filed with the
SEC on September 9, 2004, Bel has approached Artesyn Technologies, Inc.
(“Artesyn”) to discuss the possibility of a merger involving Bel and Artesyn.
On May
11, 2005, Bel sent a letter to the Board of Directors of Artesyn, expressing its
disappointment with the recent performance of Artesyn’s stock price and its
continued frustration with Artesyn’s unwillingness to meet with representatives
of Bel to explore the possible benefits of a strategic combination. Bel’s letter
to Artesyn further indicated Bel's intention to either decrease the
consideration proposed to be paid by Bel or withdraw its proposal if Artesyn
does not arrange a meeting with Bel by June 3, 2005. Bel continues to own
2,037,500 shares of Artesyn’s common stock.
Item
7. Material to Be Filed as Exhibits.
99.1.
Letter, dated May 12, 2005, from Bel Fuse Inc. to the Board of Directors of
Artesyn Technologies, Inc.
99.2. Press
release, dated May 12, 2005, issued by Bel Fuse Inc.
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.
May 12,
2005
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BEL FUSE
INC. |
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By: |
/s/ Colin W. Dunn |
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Name: Colin
W. Dunn |
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Title: Vice
President |
Attention:
Intentional misstatements or omissions of fact constitute Federal criminal
violations (See 18 U.S.C. 1001).