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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 8)
GROUND ROUND RESTAURANTS, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.16-2/3 460200-10-8
PER SHARE
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(Title of class of securities) (CUSIP number)
GEORGE H. MACLEAN, SENIOR VICE PRESIDENT AND GENERAL COUNSEL,
USI AMERICAN HOLDINGS, INC.
101 WOOD AVENUE SOUTH, ISELIN, NEW JERSEY 08830 (908) 767-0700
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(Name, address and telephone number of person authorized to receive notices and
communications)
JUNE 3, 1997
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(Date of event which requires filing of this statement)
If the 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 [_].
Check the following box if a fee is being paid with the statement [_].
(A fee is not required only if the reporting person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less of
such class.) (See Rule 13d-7.)
Note: When filing this statement in paper format, six copies of this statement,
including exhibits, should be filed with the Commission. See Rule 13d-1(a) for
other parties to whom copies are to be sent.
Continued on Following Pages
Page 1 of 7 Pages
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<PAGE>
<TABLE>
<CAPTION>
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CUSIP No. 460200-10-8 13D Page 2of 7
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<S> <C> <C>
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1 NAME OF REPORTING PERSON: U.S. INDUSTRIES, INC.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: NOT APPLICABLE
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
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6 CITIZENSHIP OR PLACE OF DELAWARE
ORGANIZATION:
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NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 3,092,100
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: 3,092,100
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 3,092,100
REPORTING PERSON:
- ------------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
CERTAIN SHARES:
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 27.7%
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14 TYPE OF REPORTING PERSON: CO
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</TABLE>
<PAGE>
<TABLE>
<CAPTION>
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CUSIP No. 460200-10-8 13D Page 3 of 7
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<S> <C> <C>
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1 NAME OF REPORTING PERSON: USI AMERICAN HOLDINGS, INC.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
- ------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: NOT APPLICABLE
- ------------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
- ------------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF DELAWARE
ORGANIZATION:
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NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 3,092,100
OWNED BY
---------------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------------------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 3,092,100
- ------------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 3,092,100
REPORTING PERSON:
- ------------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
CERTAIN SHARES:
- ------------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 27.7%
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14 TYPE OF REPORTING PERSON: CO
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</TABLE>
<PAGE>
<TABLE>
<CAPTION>
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CUSIP No. 460200-10-8 13D Page 4 of 7
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<S> <C> <C>
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1 NAME OF REPORTING PERSON: JACUZZI INC.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
- ------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: NOT APPLICABLE
- ------------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
- ------------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF DELAWARE
ORGANIZATION:
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
---------------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 3,092,100
OWNED BY
---------------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------------------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 3,092,100
- ------------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 3,092,100
REPORTING PERSON:
- ------------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
CERTAIN SHARES:
- ------------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 27.7%
- ------------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
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<PAGE>
</TABLE>
<TABLE>
<CAPTION>
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CUSIP No. 460200-10-8 13D Page 5 of 7
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<S> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON: JUSI HOLDINGS, INC.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
- ------------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (A) [X]
(B) [_]
- ------------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: NOT APPLICABLE
- ------------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
- ------------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF DELAWARE
ORGANIZATION:
- ------------------------------------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 0
SHARES
---------------------------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 3,092,100
OWNED BY
---------------------------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 0
REPORTING
---------------------------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 3,092,100
- ------------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 3,092,100
REPORTING PERSON:
- ------------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
CERTAIN SHARES:
- ------------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 27.7%
- ------------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
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</TABLE>
<PAGE>
This Statement amends the Statement on Schedule 13D (as
previously amended, the "Schedule 13D") filed with the Securities and Exchange
Commission (the "Commission") by U.S. Industries, Inc. ("USI"), USI American
Holdings, Inc. ("USIAH"), Jacuzzi Inc. ("Jacuzzi") and JUSI Holdings, Inc.
("JUSI") (collectively referred to herein as the "Beneficial Owners"), with
respect to their beneficial ownership of the Common Stock, par value $.16-2/3
per share ("Common Stock") of Ground Round Restaurants, Inc., a New York
corporation (the "Company"). Unless otherwise defined herein, all capitalized
terms used herein shall have the meanings ascribed to them in previous filings
of the Schedule 13D.
Item 5. Interest in Securities of the Issuer
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On June 3, 1997, JUSI sold 540,000 shares of the
Common Stock for $1.25 per share in negotiated transactions effected on NASDAQ.
As a result of such transactions, on the date hereof the Beneficial Owners
were the beneficial owners of 3,092,100 shares of the Common Stock, representing
approximately 27.7% of the outstanding shares of the Common Stock (based on
11,173,420 shares of the Common Stock reported outstanding in the Company's
Quarterly Report on Form 10-Q for the quarterly period ended March 31, 1997).
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<PAGE>
SIGNATURES
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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.
Dated: June 5, 1997
U.S. INDUSTRIES, INC.
USI AMERICAN HOLDINGS, INC.
JACUZZI INC.
JUSI HOLDINGS, INC.
By: /s/ George H. MacLean
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Name: George H. MacLean
Title:Senior Vice President
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