UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Horizon Medical Products, Inc.
---------------------------------------
(Name of Issuer)
Common Stock ($.001 par value)
---------------------------------------
(Title of Class of Securities)
439909 10 5
-----------------
(CUSIP Number)
Mr. Graeme P. Denison, Caledonia Investments plc. Cayzer House,
1 Thomas More St., London England E1 9AR (44-171-481-4343)
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notice
and Communications)
September 24, 1998
------------------
(Date of Event which Requires Filing of Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box.
NOTE: Schedules filed in paper format shall include a signed original and
five copies of the Schedule, including all exhibits. See ss. 240.13d-7(b)
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 the 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).
SEC 1746
<PAGE>
- -------------------------------------------------------------------------------
CUSIP NO. 439909 10 5 13D Page 2 of 14 Pages
- -------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Tapir Investments (Bahamas) Ltd.
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS (See Instructions)
WC
- --------------------------------------------------------------------------------
5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
The Bahamas
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF
SHARES -0-
-------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 1,494,416
-------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON -------------------------------------------------------
10) SHARED DISPOSITIVE POWER
WITH
1,494,416
-------------------------------------------------------
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,494,416
- --------------------------------------------------------------------------------
12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.2%
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON (See Instructions)
CO
- --------------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------------------------------------
CUSIP NO. 439909 10 5 13D Page 3 of 14 Pages
- -------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Caledonia Investments plc
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS (See Instructions)
Not applicable
- --------------------------------------------------------------------------------
5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
England
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF
SHARES -0-
-------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 1,494,416
-------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON -------------------------------------------------------
10) SHARED DISPOSITIVE POWER
WITH
1,494,416
-------------------------------------------------------
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,494,416
- --------------------------------------------------------------------------------
12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.2%
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON (See Instructions)
CO
- --------------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------------------------------------
CUSIP NO. 439909 10 5 13D Page 4 of 14 Pages
- -------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
The Cayzer Trust Company Limited
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS (See Instructions)
Not applicable
- --------------------------------------------------------------------------------
5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
England
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF
SHARES -0-
-------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 1,494,416
-------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON -------------------------------------------------------
10) SHARED DISPOSITIVE POWER
WITH
1,494,416
-------------------------------------------------------
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,494,416
- --------------------------------------------------------------------------------
12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.2%
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON (See Instructions)
CO
- --------------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------------------------------------
CUSIP NO. 439909 10 5 13D Page 5 of 14 Pages
- -------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1) NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (entities only)
Sterling Industries PLC
- --------------------------------------------------------------------------------
2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)
(a)[ ]
(b)[ ]
- --------------------------------------------------------------------------------
3) SEC USE ONLY
- --------------------------------------------------------------------------------
4) SOURCE OF FUNDS (See Instructions)
Not applicable
- --------------------------------------------------------------------------------
5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
- --------------------------------------------------------------------------------
6) CITIZENSHIP OR PLACE OF ORGANIZATION
England
- --------------------------------------------------------------------------------
7) SOLE VOTING POWER
NUMBER OF
SHARES -0-
-------------------------------------------------------
BENEFICIALLY 8) SHARED VOTING POWER
OWNED BY 1,494,416
-------------------------------------------------------
EACH 9) SOLE DISPOSITIVE POWER
REPORTING
-0-
PERSON -------------------------------------------------------
10) SHARED DISPOSITIVE POWER
WITH
1,494,416
-------------------------------------------------------
- --------------------------------------------------------------------------------
11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,494,416
- --------------------------------------------------------------------------------
12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)
- --------------------------------------------------------------------------------
13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.2%
- --------------------------------------------------------------------------------
14) TYPE OF REPORTING PERSON (See Instructions)
CO
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 439909 10 5 Page 6 of 14
SCHEDULE 13D
UNDER THE SECURITIES AND EXCHANGE COMMISSION ACT OF 1934
ITEM 1. SECURITY AND ISSUER
This Statement relates to the Common Stock ($.001 par value) ("Common
Stock") of Horizon Medical Products, Inc. (the "Issuer"). The principal
executive offices of the Issuer are located at One Horizon Way, P.O. Drawer 627,
Manchester, Georgia 31816.
ITEM 2. IDENTITY AND BACKGROUND
The persons filing this Statement (the "Reporting Persons"), the
persons enumerated in Instruction C of Schedule 13D (the "Additional Persons")
and where applicable, their respective places of organization, directors,
executive officers and controlling persons, and the information in respect of
such persons, are as follows:
(A) This Statement is filed by (i) Tapir Investments (Bahamas) Ltd.
("Tapir") as the direct beneficial owner of the Common Stock previously
referenced on pages 2 through 5; (ii) Caledonia Investments plc ("Caledonia") as
an indirect beneficial owner of this Common Stock given that Caledonia is the
holder of all of the outstanding capital stock of Tapir; and (iii) The Cayzer
Trust Company Limited ("Cayzer Trust") and Sterling Industries PLC ("Sterling")
as indirect beneficial owners of this Common Stock given that their respective
direct holdings of the securities of Caledonia represent indirect holdings of
the stock of Tapir (collectively all these entities are the "Reporting
Persons").
Tapir is the direct beneficial holder of approximately 11.2% of the
outstanding Common Stock of the Issuer. Caledonia is the holder of all of the
outstanding capital stock of Tapir. Cayzer Trust holds 27.2% of the outstanding
common stock of Caledonia and 45.4% of the outstanding common stock of Sterling.
Sterling holds 9.7% of the outstanding common stock of Caledonia. Together,
Cayzer Trust and Sterling may be deemed to control Caledonia and, hence, Tapir.
Cayzer Trust and Sterling disclaim beneficial ownership of Caledonia or Tapir.
(B) The principal business address of Tapir is Sandringham House, 83
Shirley Street, P.O. Box N-3247, Nassau, New Providence, The Bahamas. The
principal business address for both Caledonia and Cayzer Trust is Cayzer House,
1 Thomas More Street, London, England E1 9AR. The principal business address of
Sterling is Sterling House, Crewkerne, Somerset, England TA18 8LL. The addresses
of the officers and directors of the Reporting Persons are set forth on Schedule
A hereto and are incorporated herein by reference.
Tapir is an investment holding company.
Caledonia is a diversified trading and investment company.
<PAGE>
CUSIP No. 439909 10 5 Page 7 of 14
Cayzer Trust is an investment holding company.
Sterling is an engineering company.
(C) Certain additional information about the officers and directors of
the Reporting Persons is set forth on Schedule A hereto and is incorporated
herein by reference.
(D) During the last five years, neither any Reporting Person nor any
Additional Persons, according to any of the Reporting Person's knowledge, have
been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(E) During the last five years, neither any Reporting Person, nor any
of the Additional Persons, according to any of the Reporting Person's knowledge,
have been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree, or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws or finding
any violation with respect to such laws.
(F) Tapir is a corporation organized under the laws of The Bahamas.
Caledonia, Cayzer Trust and Sterling are corporations organized under the laws
of England. Each of the Additional Persons is a citizen of The United Kingdom,
except for S. Deal, P.C. Dunkley, P.T. Higgs and H.T. Lunn who are citizens of
The Bahamas.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The reporting persons initially filed a Schedule 13D on April 16,
1998. Subsequent to that time the following transactions took place: On May 21,
22, 26, 27 and 29, 1998, Tapir utilized existing cash resources to acquire
30,000 shares at $12.2917 per share, 10,000 shares at $12.375 per share, 10,000
shares at $12.50 per share, 35,000 shares at $12.50 per share, and 15,000 shares
at $12.00 per share, respectively, for a total of 100,000 shares of Common Stock
in the market. On September 24, 1998, Tapir utilized existing cash resources to
acquire another 100,000 shares of common stock at $6.50 per share in the market.
In addition, on September 30, 1998, Tapir utilized existing cash resources to
acquire 185,000 shares of common stock at $5.7534 per share in the market.
ITEM 4. PURPOSE OF TRANSACTION
The purpose of the acquisition of the Common Stock by Tapir is to
acquire and maintain an equity interest in the Issuer for investment purposes.
Any Reporting Person, may, from time to time, increase, reduce or dispose of its
investment in the Issuer, depending on general economic conditions, economic
conditions in the markets in which the Issuer operates, the market price of the
Common Stock of the Issuer, the availability of funds, borrowing costs, other
opportunities available to the Reporting Person, the strategic value of the
investment to the Reporting Person and other considerations.
<PAGE>
CUSIP No. 439909 10 5 Page 8 of 14
ITEM 5. INTEREST IN SECURITIES OF ISSUER
(A) Tapir is the direct beneficial owner of 1,494,416 shares of Common
Stock of the Issuer.
This holding represents approximately 11.2% of the total of 13,320,950
shares of Common Stock currently outstanding according to Form S-1 Registration
Statement of the Issuer and the amendments thereto filed under Registration
Number 333-464349 ("Issuer Registration Statement"). By virtue of the
relationships described in Item 2, the other Reporting Persons may be deemed to
share indirect beneficial ownership of the shares of Common Stock owned directly
by Tapir. Cayzer Trust and Sterling disclaim all such beneficial ownership.
(B) Tapir has the direct power to vote and direct the disposal of the
shares of Common Stock of the Issuer.
(C) Except as disclosed above in response to Item 3, there have been no
transactions in shares of Common Stock by any Reporting Person.
(D) Tapir has the right to receive and the power to direct receipt of
dividends from the shares of Common Stock of the Issuer that it holds.
(E) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
As previously disclosed by Amendment Number 4 to the Issuer
Registration Statement filed on April 14, 1998, the Issuer granted Tapir,
pursuant to an April 9, 1998 Rights Agreement, certain demand registration
rights, exercisable after September 30, 1999, and certain piggyback registration
rights relating to shares of Common Stock that Tapir acquired in privately
negotiated transactions with certain shareholders of the Issuer. In addition,
pursuant to a Loan and Pledge Agreement dated April 9, 1998, between Tapir and
Marshall B. Hunt, Tapir agreed to loan funds to Mr. Hunt, and Mr. Hunt granted
Tapir certain co-sale or "tag-along" rights in the event that Mr. Hunt desires
to sell a significant portion of his shares of Common Stock in a private
transaction.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Not applicable.
<PAGE>
CUSIP No. 439909 10 5 Page 9 of 14
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.
October 5, 1998 TAPIR INVESTMENTS (BAHAMAS) LTD.
--
By:/s/ S. Deal
--------------------------------
S. Deal, Director and Secretary
October 5, 1998 CALEDONIA INVESTMENTS PLC
--
By:/s/ G. P. Denison
--------------------------------
G. P. Denison, Secretary
October 5, 1998 THE CAYZER TRUST COMPANY LIMITED
--
By:/s/ J.I. Mehrtens
--------------------------------
J.I. Mehrtens, Director
October 5, 1998 STERLING INDUSTRIES PLC
--
By:/s/ Sir David Kinloch
---------------------------------
Sir David Kinloch, Director
<PAGE>
CUSIP No. 439909 10 5 Page 10 of 14
SCHEDULE A TO SCHEDULE 13D
(I) DIRECTORS AND OFFICERS OF TAPIR INVESTMENTS (BAHAMAS) LTD.
<TABLE>
<CAPTION>
NAME RESIDENCE PRINCIPAL OCCUPATION CITIZENSHIP
<S> <C> <C> <C>
P. N. Buckley 6 Albert Place Chairman and Chief Executive United Kingdom
London Caledonia Investments plc
W8 5PD, England
Hon. C. W. Cayzer Finstock Manor Executive Director United Kingdom
Finstock Caledonia Investments plc
Oxfordshire
OX7 3DG, England
S. Deal Sandringham House Lawyer Bahamas
83 Shirley House
P.O. Box N-3247
Nassau, Bahamas
P. C. Dunkley Sandringham House Lawyer Bahamas
83 Shirley House
P.O. Box N-3247
Nassau, Bahamas
P. T. Higgs Sandringham House Lawyer Bahamas
83 Shirley House
P.O. Box N-3247
Nassau, Bahamas
H. T. Lunn Sandringham House Legal Assistant Bahamas
83 Shirley House
P.O. Box N-3247
Nassau, Bahamas
</TABLE>
<PAGE>
CUSIP No. 439909 10 5 Page 11 of 14
(II) DIRECTORS AND EXECUTIVE OFFICERS OF CALEDONIA INVESTMENTS, PLC
<TABLE>
<CAPTION>
NAME RESIDENCE PRINCIPAL OCCUPATION CITIZENSHIP
<S> <C> <C> <C>
P.N. Buckley 6 Albert Place Chairman and Chief Executive United Kingdom
London Caledonia Investments plc
W8 5PD, England
J. Burnett-Stuart Ardmeallie House Retired United Kingdom
Huntley
Aberdeenshire
AB54 5RS, Scotland
J. H. Cartwright Rectory Meadow Finance Director United Kingdom
Hawthorn Place, Penn Caledonia Investments plc
Buckinghamshire
HP10 8EH, England
Lord Cayzer The Grove President United Kingdom
Walsham-le-Willows Caledonia Investments plc
Suffolk, England
N. K. Cayzer Thriepley House Director United Kingdom
Lundie, Dundee Oriel Group plc
Scotland Stuart House
Queens Gate
Britannia Road
Waltham Cross
Hertfordshire, EN8 7TF
England
Hon. C. W. Cayzer Finstock Manor Executive Director United Kingdom
Finstock Caledonia Investments plc
Oxfordshire
OX7 3DG, England
G. P. Denison 16 Highfield Road Company Secretary United Kingdom
Hertford Caledonia Investments plc
Hertfordshire
SG13 8BH, England
</TABLE>
<PAGE>
CUSIP No. 439909 10 5 Page 12 of 14
<TABLE>
<S> <C> <C> <C>
Sir David Kinloch 29 Walpole Street Deputy Chief Executive United Kingdom
London, SW3 4QS Caledonia Investments plc
England
J. R. H. Loudon Olantigh Finance Director United Kingdom
Wye Blue Circle Industries PLC
Ashford 84 Eccleston Square
Kent, England London, SW1V 1PX
TN25 5EW England
M. G. Wyatt Pippin Park Deputy Chairman United Kingdom
Lidgate, Newmarket Caledonia Investments plc
Suffolk
CB8 9PP, England
</TABLE>
(III) DIRECTORS AND EXECUTIVE OFFICERS OF THE CAYZER TRUST COMPANY LIMITED
<TABLE>
<CAPTION>
NAME RESIDENCE PRINCIPAL OCCUPATION CITIZENSHIP
<S> <C> <C> <C>
G. A. Adkin Marsh Farm Cottage Retired United Kingdom
Mapperton, Beaminster
Dorset DT8 3NP
England
P. N. Buckley 6 Albert Place Chairman and Chief Executive, United Kingdom
London Caledonia Investments plc
W8 5PD, England
Lord Cayzer The Grove President United Kingdom
Walsham-le-Willows Caledonia Investments plc
Suffolk, England
Hon. C. W. Cayzer Finstock Manor Executive Director United Kingdom
Finstock Caledonia Investments plc
Oxfordshire
OX7 3DG, England
</TABLE>
<PAGE>
CUSIP No. 439909 10 5 Page 13 of 14
<TABLE>
<S> <C> <C> <C>
Sir James Cayzer Kinpurnie Castle Landowner United Kingdom
Newtyle, Angus
Scotland
The Hon. Mrs. N. Colvin Tangley House, Andover None United Kingdom
Hampshire
SP11 OSH, England
J. I. Mehrtens 51 Oxenden Wood Road Company Secretary of United Kingdom
Chelsfield Park The Cayzer Trust Company Limited
Orpington,
Kent BR6 6HP, England
M. G. Wyatt Pippin Park Deputy Chairman United Kingdom
Lidgate, Newmarket Caledonia Investments plc
Suffolk
CB8 9PP, England
</TABLE>
(IV) DIRECTORS AND EXECUTIVE OFFICERS OF STERLING INDUSTRIES PLC
<TABLE>
<CAPTION>
NAME RESIDENCE PRINCIPAL OCCUPATION CITIZENSHIP
<S> <C> <C> <C>
D. Blunn The Barn, Park Farm Finance Director United Kingdom
Marston Magna Somerset Sterling Industries PLC
TA22 8AX, England
P. N. Buckley 6 Albert Place Chairman and Chief Executive, United Kingdom
London Caledonia Investments plc
W8 5PD, England
</TABLE>
<PAGE>
CUSIP No. 439909 10 5 Page 14 of 14
<TABLE>
<S> <C> <C> <C>
H. W. Denman The Penthouse Retired United Kingdom
Old Avenue
St. Georges Hill
Weybridge
Surrey, KT13 OQB
England
D. Diggins Fairgarden Chief Executive United Kingdom
Unity Lane Sterling Industries PLC
Misterton, Crewkerne
Somerset TA18 5NA
England
Sir David Kinloch 29 Walpole Street Deputy Chief Executive Caledonia United Kingdom
London, SW3 4QS Investments plc
England
M. G. Wyatt Pippin Park Deputy Chairman United Kingdom
Lidgate, Newmarket Caledonia Investments plc
Suffolk
CB8 9PP, England
</TABLE>
