SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 3)
GUARDIAN INTERNATIONAL, INC.
(Name of Issuer)
Class A Voting Common Stock, Par Value $.001 Per Share
(Title of Class of Securities)
401376 10 8
(CUSIP Number)
Marilyn K. Dalton
Secretary and Treasurer
Westar Capital, Inc.
818 Kansas Avenue
Topeka, Kansas 66612
(785) 575-8357
Copies to:
John K. Rosenberg, Esq.
818 Kansas Avenue
Topeka, Kansas 66612
(785) 575-6535
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
February 26, 1998
(Date of Event which Requires Filing of this Statement)
If a 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(b)(3) or (4), check the following box [ ].
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CUSIP NO. 401376 10 8
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Westar Capital, Inc; 48-1092416
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ x ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
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4. SOURCE OF FUNDS
WC
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
[ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Kansas
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7. SOLE VOTING POWER
NUMBER OF 0
SHARES
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BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 6,435,000
EACH
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REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH
- ------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
6,435,000
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
6,435,000
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
44.47%
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14. TYPE OF REPORTING PERSON
CO
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-2-
<PAGE>
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CUSIP NO. 401376 10 8
- - --------------------
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Westar Security, Inc; 48-1169432
- ------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ x ]
- ------------------------------------------------------------------------------
3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
-----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
[ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Kansas
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES
- ------------------------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 6,435,000
EACH
- ------------------------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH
- ------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
6,435,000
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
6,435,000
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
44.47%
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
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-3-
<PAGE>
- - --------------------
CUSIP NO. 401376 10 8
- - --------------------
- ------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Protection One, Inc; 93-1063818
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ x ]
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3. SEC USE ONLY
- ------------------------------------------------------------------------------
4. SOURCE OF FUNDS
WC
-----------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)
[ ]
- ------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Kansas
- ------------------------------------------------------------------------------
7. SOLE VOTING POWER
NUMBER OF 0
SHARES
- ------------------------------------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER
OWNED BY 6,435,000
EACH
- ------------------------------------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER
PERSON 0
WITH
- ------------------------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
6,435,000
- ------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
6,435,000
- ------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[ ]
- ------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
44.47%
- ------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
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-4-
<PAGE>
Pursuant to Rule 13d-2(a) of Regulation 13D-G of the General Rules
and Regulations under the Securities Exchange Act of 1934, as amended, Westar
Capital, Inc., a Kansas corporation (the "Reporting Person"), hereby amends
and supplements its Statement on Schedule 13D originally filed by the
Reporting Person on October 24, 1997, (the "Statement"), with respect to the
Class A Voting Common Stock, par value $.001 per share (the "Shares") of
Guardian International, Inc. (the "Issuer"). Unless otherwise indicated, each
capitalized term used but not defined herein shall have the meaning assigned
to such term in the Statement.
Item 1. SECURITY AND ISSUER.
No material change.
Item 2. IDENTITY AND BACKGROUND.
No material change.
Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The aggregate purchase price (excluding commissions) for the 75,000
Shares and 1,600,000 shares of Series B 10 1/2% Convertible Cumulative
Preferred Stock (the "Series B Preferred Stock") purchased by the Reporting
Person since the filing of Amendment No. 2 to the Statement was $4,176,187.60.
Such Shares were acquired with general capital funds of the Reporting Person.
Item 4. PURPOSE OF THE TRANSACTION.
In order to purchase Shares at what the Reporting Person considered
to be favorable market prices, the Reporting Person decided to purchase 75,000
Shares in open market transactions, as more fully set forth in Item 5 below.
On February 23 1998, Westar Security, Inc. acquired through negotiations with
the Issuer 1,600,000 shares of Series B Preferred Stock. The Series B
Preferred Stock is convertible into Shares on a one-for-one basis at the
election of Westar Security.
Item 5. INTEREST IN SECURITIES OF THE ISSUER.
Item 5 is hereby deleted in its entirety and restated as follows:
(a) To the best knowledge and belief of the Reporting Person, there
were 10,996,804 Shares issued and outstanding as of February 26, 1998. The
Reporting Person beneficially owns (within the meaning of Rule 13d-3)
6,435,000 Shares, constituting approximately 44.47% of the above-noted total
amount of issued and outstanding Shares (and assuming that the 3,475,000
Shares into which the Preferred Stock and Series B Preferred Stock are
convertible are outstanding).
(b) Westar Security is a wholly owned subsidiary of Protection One,
of which the Reporting Person owns approximately 82% of the common stock on a
fully diluted basis. As a result of these relationships, Protection One and
the Reporting Person may be deemed to have shared power to vote or dispose of
the Shares which are the subject of this Statement.
(c) Since the filing of Amendment No. 2 to the Statement, the
Reporting Person acquired 75,000 Shares in open market transactions, and
1,600,000 shares of Series B Preferred Stock issued directly by the Issuer.
Set forth below is a table identifying and describing such open-market
purchases of Shares:
-5-
<PAGE>
Shares Price per Share Date of
Purchased Purchase
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13,500 2.275 01/12/98
36,500 2.375 01/13/98
8,500 2.305 01/28/98
6,500 2.375 01/29/98
10,000 2.375 01/30/98
Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDING OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
In connection with the acquisition of the Series B Preferred Stock,
the Registration Rights Agreement between the Issuer and Westar Security was
amended to include the Series B Preferred Stock and to increase the number of
demand registration rights to four from three.
Item 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit A: Amendment to Registration Rights Agreement, dated as
of February 23, 1998.
SIGNATURES
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.
WESTAR CAPITAL, INC.
By: /s/ Marilyn Dalton
Name: Marilyn Dalton
Title: Secretary and Treasurer
Dated: February 26, 1998
-6-
Exhibit A
AMENDMENT TO REGISTRATION RIGHTS AGREEMENT
This Amendment dated as of February 23, 1998 between Guardian
International, Inc., a Nevada corporation (the "Company"), and Westar
Security, Inc., a Kansas corporation (the "Stockholder") to the Registration
Rights Agreement dated October 21, 1997 (the "Registration Rights Agreement")
between the Company and Westar Capital, Inc., a Kansas corporation ("Westar
Capital").
Recitals
On November 24, 1997, Westar Capital assigned all of its rights and
obligations under the Registration Rights Agreement to the Stockholder.
Pursuant to the Stock Subscription Agreement between the Company and the
Stockholder of even date herewith, the Company is selling to the Stockholder
1,600,000 shares (the "Preferred B Shares") of Series B 10 1/2% Convertible
Cumulative Preferred Stock (the "Preferred Stock"), par value $.001 per share,
which is convertible into Common Stock. The parties hereto desire to amend
the Registration Rights Agreement to include the Preferred B Shares in the
definition of "Shares" and to increase the number of mandatory rights to four.
Agreement
1. Definition of Shares. The last sentence in the Recitals of the
Registration Rights Agreement is hereby amended in its entirety to read as
follows: "In this Agreement, the Common Shares and the Common Stock issuable
by the Company upon conversion of the Preferred Shares and upon conversion of
the Preferred B Shares, together with any stock dividends, distributions, or
splits or any shares issued or issuable in connection with any
reclassification, recapitalization, merger or consolidation or reorganization
("Adjustments"), shall be collectively referred to as the "Shares."
2. Mandatory Rights. The first sentence of the fifth paragraph of
Section 1(b) is hereby amended in its entirety to read as follows:
"The Stockholders shall be entitled to request four registrations
pursuant to this Section 1(b)."
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed as of the date first above written.
GUARDIAN INTERNATIONAL, INC.
By: /s/ Richard Ginsburg
Richard Ginsburg
President and Chief Executive Officer
WESTAR SECURITY, INC.
By: /s/ John W. Hesse
John W. Hesse
Executive Vice President and
Chief Financial Officer
ACKNOWLEDGED AND AGREED:
HELLER FINANCIAL, INC.
By:___________________________
Name:
Title:
Date:__________________________
