COBR (MM)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE TO

Rule 14(d)-100

TENDER OFFER STATEMENT UNDER SECTION 14(D)(1) OR SECTION 13(E)(1)

OF THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

COBRA ELECTRONICS CORPORATION

(Name of Subject Company (Issuer))

VENOM ELECTRONICS MERGER SUB, INC.

(Name of Filing Person (Offeror))

a wholly-owned subsidiary of

VENOM ELECTRONICS HOLDINGS, INC.

(Names of Filing Persons (Offeror))

MONOMOY CAPITAL PARTNERS II, L.P.

MCP SUPPLEMENTAL FUND II, L.P.

(Names of Filing Persons (Others))

COMMON STOCK, PAR VALUE $0.33^1/3 PER SHARE

(Title of Class of Securities)

191042100

(CUSIP Number of Class of Securities)

Justin Hillenbrand

Monomoy Capital Partners II, L.P.

MCP Supplemental Fund II, L.P.

142 West 57th Street, 17th Floor

New York, NY 10019

(212) 699-4000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Filing Persons)

With copies to:

Carol Anne Huff

Kevin L. Morris

Kirkland & Ellis LLP

300 North LaSalle

Chicago, IL 60654

Phone: (312) 862-2000

Fax: (312) 862-2200

CALCULATION OF FILING FEE

Check the appropriate boxes below to designate any transactions to which the statement relates:

Check the following box if the filing is a final amendment reporting the results of the tender offer.  ¨

If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:

This Amendment No. 2 to the Tender Offer Statement on Schedule TO amends and supplements the Schedule TO filed on September 10, 2014 (together with this Amendment No. 2 and any other amendments and supplements thereto, collectively constitute the “Schedule TO”) by Venom Electronics Merger Sub, Inc., a Delaware corporation (“Purchaser”) and a wholly-owned subsidiary of Venom Electronics Holdings, Inc., a Delaware corporation (“Parent”), controlled by Monomoy Capital Partners II., L.P., a Delaware limited partnership, and MCP Supplemental Fund II, L.P., a Delaware limited partnership. This Schedule TO relates to the offer to purchase all of the outstanding shares of common stock, par value $0.33^1/3 per share (each a “Share”), of Cobra Electronics Corporation, a Delaware corporation (“Cobra”), at a price of $4.30 per Share, net to the seller in cash, without interest and less any applicable withholding taxes thereon, upon the terms and subject to the conditions set forth in the Offer to Purchase dated September 10, 2014 (the “Offer to Purchase”) and the related Letter of Transmittal (the “Letter of Transmittal” which, together with the Offer to Purchase, as each may be amended and supplemented from time to time, collectively constitute the “Offer”).

The information set forth in the Offer to Purchase and the Letter of Transmittal is incorporated herein by reference in response to Items 1 through 9 and Item 11 of this Schedule TO, supplemented by the information specifically provided in this Schedule TO and amended and supplemented by information specifically set forth in this Amendment No. 2.

The Offer to Purchase and Items 1 through 9 and Item 11 of the Schedule TO are hereby amended and supplemented, to the extent applicable, by adding the following:

“The Offer and withdrawal rights expired at 12:00 midnight (New York City time) at the end of the day on Tuesday, October 7, 2014. The Depositary has advised that, as of the Expiration Time, approximately 4,942,953.00 Shares (excluding approximately 41,182.00 Shares subject to notices of guaranteed delivery) were validly tendered and not validly withdrawn in the Offer, representing approximately 74.86% of the outstanding Shares. The number of Shares validly tendered into the Offer and not validly withdrawn satisfied the Minimum Condition. All conditions of the Offer having been satisfied, all validly tendered Shares have been accepted by Purchaser for payment, and payment for such Shares will be made promptly.

Parent and Purchaser intend to promptly take the steps necessary to complete the Merger of Purchaser with and into Cobra under Section 251(h) of the DGCL, without a vote of Cobra’s stockholders, in accordance with the terms of the Merger Agreement. As a result of the consummation of the Merger, each Share issued and outstanding immediately prior to the Effective Time (other than Shares owned by Cobra or any subsidiary of Cobra or owned by Parent or Purchaser, and other than Shares held by a holder who has properly demanded and perfected appraisal rights in accordance with Section 262 of the DGCL) will be automatically converted into the right to receive the Merger Consideration, without interest and less any applicable withholding taxes, and all such Shares will be cancelled and cease to exist. The Merger is expected to be completed on October 8, 2014. Cobra will continue as the Surviving Corporation in the Merger and become a wholly-owned subsidiary of Parent. In addition, following the Effective Time of the Merger, the Shares will cease to be listed on NASDAQ.”

Item 12 of the Schedule TO is hereby amended and supplemented by adding the following exhibit:

SIGNATURES

After due 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.

EXHIBIT INDEX

Exhibit (a)(5)(D)

FOR IMMEDIATE RELEASE

AFFILIATE OF MONOMOY CAPITAL PARTNERS SUCCESSFULLY COMPLETES COBRA TENDER OFFER

NEW YORK, NY, October 8, 2014—Monomoy Capital Partners II, L.P. (“Monomoy”) today announced that its affiliate Venom Electronics Merger Sub, Inc. (“Purchaser”) has successfully completed its previously announced tender offer for all outstanding shares of common stock of Cobra Electronics Corporation (“Cobra”) (NASDAQ: COBR) for $4.30 per share, without interest and less applicable withholding taxes thereon. Purchaser’s acquisition of Cobra is expected to close later today.

The tender offer expired at 12:00 midnight (New York City time) at the end of the day on Tuesday, October 7, 2014. American Stock Transfer & Trust Company, LLC, the depositary for the tender offer, has advised that, as of the expiration of the tender, approximately 4,942,953.00 shares of common stock of Cobra (excluding approximately 41,182.00 shares subject to notices of guaranteed delivery) were validly tendered and not validly withdrawn in the tender offer, representing approximately 74.86% of the outstanding shares. All validly tendered shares have been accepted for payment, and payment for such shares will be made promptly.

Monomoy intends to promptly take the steps necessary to complete a merger of Purchaser with and into Cobra under Section 251(h) of the Delaware General Corporation Law, without a vote of Cobra’s stockholders, in accordance with the terms of the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated as of August 27, 2014, by and among Cobra, Purchaser and Venom Electronics Holdings, Inc. (“Parent”). The merger is expected to be completed later today.

In the merger, each share of common stock of Cobra not tendered in the tender offer (other than shares owned by Cobra or any subsidiary of Cobra or owned by Parent or Purchaser, and other than shares held by a holder who has properly demanded and perfected appraisal rights in accordance with Section 262 of the Delaware General Corporation Law) will be converted into the right to receive an amount equal to $4.30 per share in cash, without interest and less any applicable withholding taxes thereon. This is the same price per share paid in the tender offer. Purchaser and Parent are controlled by Monomoy.

Kirkland & Ellis LLP served as legal advisor to Monomoy.

About Cobra Electronics Corporation

Cobra Electronics is a leading global designer and marketer of communication and navigation products, with a track record of delivering innovative and award-winning products. Building upon its leadership position in the GMRS/FRS two-way radio, radar detector and Citizens Band radio industries, Cobra identified new growth opportunities and has aggressively expanded into the marine market and has expanded its European operations. The Consumer Electronics Association, Forbes and Deloitte & Touche have all recognized Cobra for the company’s innovation and industry leadership. To learn more about Cobra Electronics, please visit the Cobra site at www.cobra.com.

About Monomoy Capital Partners

Monomoy Capital Partners is a private equity firm with $700 million in committed capital that makes controlling investment in middle market businesses in the manufacturing, distribution, consumer product and foodservice sectors. Over the past five years, Monomoy has closed 43 middle market acquisitions. Its portfolio companies generate over $1.2 billion in combined sales and employ more than 6,000 people across four continents. Monomoy implements customized business improvement programs at its portfolio companies that reduce operating expenses, increase profitability and support profitable growth. Please visit www.mcpfunds.com for a detailed description of Monomoy and its portfolio companies.

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