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AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON NOVEMBER 7, 1997
REGISTRATION NUMBER 333-26307
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 5
TO
FORM SB-2
------------------------
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
------------------------
TEAM COMMUNICATIONS GROUP, INC.
EXACT NAME OF SMALL BUSINESS ISSUER AS SPECIFIED IN THE CHARTER
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<S> <C> <C>
CALIFORNIA 3652 95-5419215
(STATE OR OTHER JURISDICTION OF (PRIMARY STANDARD INDUSTRIAL (IRS EMPLOYER
INCORPORATION OR ORGANIZATION) CLASSIFICATION CODE NUMBER) IDENTIFICATION NO.)
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TEAM COMMUNICATIONS GROUP, INC.
12300 WILSHIRE BOULEVARD, SUITE 400
LOS ANGELES, CALIFORNIA 90025
(310) 442-3500
(ADDRESS, INCLUDING ZIP CODE AND TELEPHONE NUMBER, INCLUDING AREA CODE OF
REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES.)
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DREW S. LEVIN
12300 WILSHIRE BOULEVARD, SUITE 400
LOS ANGELES, CALIFORNIA 90025
(310) 442-3500
(NAMES, ADDRESS, INCLUDING ZIP CODE AND TELEPHONE NUMBER, INCLUDING AREA CODE,
OF AGENT FOR SERVICE)
COPIES TO:
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BRUCE P. VANN, ESQ. THOMAS J. POLETTI, ESQ.
KELLY LYTTON MINTZ & VANN LLP KATHERINE J. BLAIR, ESQ.
1900 AVENUE OF THE STARS, SUITE 1450 FRESHMAN, MARANTZ, ORLANSKI, COOPER & KLEIN
LOS ANGELES, CALIFORNIA 90067 9100 WILSHIRE BLVD., 8E
TELEPHONE NO: (310) 277-5333 BEVERLY HILLS, CALIFORNIA
FACSIMILE NO: (310) 277-5953 TELEPHONE NO: (310) 273-1870
FACSIMILE NO: (310) 274-8357
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APPROXIMATE DATE OF PROPOSED SALE TO THE PUBLIC: as soon as practicable after
the effective date of this registration statement.
If any of the securities being registered on this Form are to be offered on
a delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933, as amended, check the following box. [X]
If this Form is filed to register additional securities for an offering
pursuant to Rule 462(b) under the Securities Act, please check the following box
and list the Securities Act registration statement number of the earlier
effective registration statement for the same offering. [ ]
If this Form is a post-effective amendment filed pursuant to Rule 462(c)
under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
for the same offering. [ ]
If delivery of the prospectus is expected to be made pursuant to Rule 434,
please check the following box. [ ]
THE REGISTRANT HEREBY AMENDS THE REGISTRATION STATEMENT ON SUCH DATE OR
DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL THE REGISTRANT SHALL
FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS REGISTRATION
STATEMENT SHALL THEREAFTER BECOME EFFECTIVE IN ACCORDANCE WITH SECTION 8(a) OF
THE SECURITIES ACT OF 1933, AS AMENDED, OR UNTIL THE REGISTRATION STATEMENT
SHALL BECOME EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SAID
SECTION 8(a), MAY DETERMINE.
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SIGNATURES
In accordance with the requirement of the Securities Act of 1933, the
Registrant certifies that it has reasonable ground to believe that it meets all
of the requirements for filing on Form SB-2 and authorized this Amendment No. 5
to the Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized in the City of Los Angeles, State of California, on
this 7th day of November, 1997.
Team Communications Group, Inc.
By: /s/ DREW LEVIN
------------------------------------
DREW LEVIN
Chairman of the Board, President,
and Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this Amendment
No. 5 to the Registration Statement has been signed by the following persons in
the capacities and on the dates indicated.
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SIGNATURE CAPACITY DATE
- --------------------------------------------- -------------------------- ------------------
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/s/ DREW LEVIN Chairman of the Board, November 7, 1997
- --------------------------------------------- President, Chief Executive
DREW LEVIN Officer and Director
* Director November 7, 1997
- ---------------------------------------------
PAUL YAMAMOTO
/s/ MICHAEL LATINER Vice President, November 7, 1997
- --------------------------------------------- Controller and Secretary
MICHAEL LATINER
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*By: /s/ DREW LEVIN
---------------------------------
DREW LEVIN
Attorney-in-Fact
II-6
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INDEX TO EXHIBITS
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SEQUENTIALLY
EXHIBIT NUMBERED
NUMBER DESCRIPTION PAGE
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1.0 Form of Underwriting Agreement(1)........................................
3.1 Articles of Incorporation(1).............................................
3.2 By-laws of the Company(1)................................................
4.1 Form of Warrant Agreement March 1996(1)..................................
4.2 Form of Warrant Agreement May 1996(1)....................................
4.3 Form of Warrant Agreement February 1997(1)...............................
4.4 Form of Convertible Note March 1996 and related Security Agreement(1)....
4.5 Form of Convertible Note May 1996 and related Security Agreement(1)......
4.6 Form of Convertible Note February 1997(1)................................
4.7.1 Extensions relating to South Ferry #2, L.P. Indebtedness(1)..............
4.7.2 Extensions relating to Certain February 1996 Convertible Notes(1)........
4.8 Restated Joe Cayre Agreement(1)..........................................
4.9 Agreement with AMAE Ventures, related note and Security Agreement(1).....
4.10 Agreements re Total Recall Financing July 1996(1)........................
4.11 Agreements re LoCoMoTioN Financing with South Ferry #2, L.P.(1)..........
4.12 1996 Employee Stock Option Plan(1).......................................
4.13 1996 Directors Stock Option Plan(1)......................................
4.14 Form of Consulting Agreement between H.J. Meyers & Co., Inc. and the
Company(1)...............................................................
4.15 Specimen Certificate(1)..................................................
4.16 Form of Underwriter's Warrant(1).........................................
5.1 Opinion and Consent of Kelly Lytton Mintz & Vann LLP(1)..................
10.1 Agreement with Mel Giniger(1)............................................
10.2 Agreement with Beyond Distribution PTY. Limited(1).......................
10.3 Interpublic Group of Companies Contract(1)...............................
10.4 Employment Agreement, dated as of January 1, 1997, between the Company
and Drew Levin(1)........................................................
10.5 Lease between the Company and TCW(1).....................................
10.6 Agreement with Alliance Production Ltd. re Total Recall(1)...............
10.7 Interpublic -- Term Co-financing Agreement(1)............................
10.8 Miramax Term Sheet(1)....................................................
10.9 Agreement with Leucadia Film Corp.(1)....................................
10.10 Agreements with the Family Channel re Quake and Down Fall(1).............
10.11 Agreements with Discovery Communications, Inc., re Amazing Tails II(1)...
10.12 Employment Agreement, dated March 19, 1997, amended as of October 4,
1997, between the Company and Todd C. Jackson(1).........................
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SEQUENTIALLY
EXHIBIT NUMBERED
NUMBER DESCRIPTION PAGE
- ------ ------------------------------------------------------------------------- ------------
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10.13 Employment Agreement, dated as of January 20, 1997, amended as of October
4, 1997, between the Company and Paul Yamamoto(1)........................
10.14 Consulting Agreement, dated October 9, 1997 between the Company and
Joseph Cayre(1)..........................................................
11 Statement re: Computation of per share earnings(1).......................
21 Subsidiaries of the Registrant(1)........................................
23.1 Consent of experts and named counsel(1) (consent of Kelly Lytton Mintz &
Vann LLP included in Exhibit 5.1)........................................
23.2 Consent of Price Waterhouse LLP to disclosure re Prior Accountants(2)
23.3 Consent of Bruce P. Vann, Esq. (Nominated Director)(1)...................
23.4 Consent of Seth M. Willenson (Nominated Director)(1).....................
24 Power of Attorney(1).....................................................
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- ---------------
(1) Previously filed.
(2) Filed herewith.
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EXHIBIT 23.2
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the use in the Prospectus constituting part of this
Registration Statement on Form SB-2 of our report dated May 28, 1996, except as
to Note 10 which is as of September 27, 1996, relating to the financial
statements of Team Communications Group, Inc., which appears in such
Prospectus. We also consent to the application of such report to the Financial
Statement Schedule for the period from February 27, 1995 to December 31, 1995
listed in this Registration Statement when such schedule is read in conjunction
with the financial statements referred to in our report. The audit referred to
in such report also included this schedule. We also consent to the references
to us under the headings "Experts" and "Selected Consolidated Financial Data"
in such prospectus. However, it should be noted that Price Waterhouse LLP has
not prepared or certified such "Selected Consolidated Financial Data".
/s/ Price Waterhouse LLP
PRICE WATERHOUSE LLP
Century City, California
November 7, 1997
