SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
GRAHAM-FIELD HEALTH PRODUCTS, INC.
-----------------------------------
(Name of Issuer)
Common Stock, par value $0.025 per share
---------------------------------------
(Title of Class of Securities)
384632-10-0
-----------
(CUSIP Number)
J. Rex Fuqua
One Atlantic Center
1201 West Peachtree Street
Suite 5000
Atlanta, Georgia 30309
Telephone: (404) 815-2000
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(Name, Address, and Telephone Number of Person Authorized to Receive Notices
and Communications)
December 30, 1997
-------------------------------------------------------
(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 this statement [ ].
<PAGE>
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CUSIP NO. 384632-10-0
- ------------------------------
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
J. B. Fuqua
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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 OO
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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 Organization
United States
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Number of 7. Sole Voting Power
Shares 1,457,225
Beneficially --------------------------
Owned by 8. Shared Voting Power
Each Reporting 914,965
Person With --------------------------
9. Sole Dispositive Power
1,457,225
--------------------------
10. Shared Dispositive Power
914,965
--------------------------
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
J. B. Fuqua may be deemed to own beneficially (through the power to
direct the vote and disposition thereof) 2,372,190 shares of the Common Stock
(781,687 shares individually, 337,770 shares as trustee for The Jennifer Calhoun
Fuqua Trust, 337,768 shares as trustee for The Lauren Brooks Fuqua Trust,
146,365 shares as an officer and director of The J. B. Fuqua Foundation, Inc.,
and 768,600 shares as an officer and director of Fuqua Holdings, Inc.).
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
-----
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13. Percent of Class Represented by Amount in Row (11)
Approximately 7.8%
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14. Type of Reporting Person
IN
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-2-
<PAGE>
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CUSIP NO. 384632-10-0
- ----------------------------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
J. Rex Fuqua
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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 OO
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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 Organization
United States
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Number of 7. Sole Voting Power
Shares 651,298
Beneficially --------------------------
Owned by 8. Shared Voting Power
Each Reporting 914,965
Person With --------------------------
9. Sole Dispositive Power
651,298
--------------------------
10. Shared Dispositive Power
914,965
--------------------------
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
J. Rex Fuqua may be deemed to own beneficially (through the power to
direct the vote and disposition thereof) 1,566,263 shares of the Common Stock
(651,298 shares individually, 146,365 shares as an officer and director of The
J. B. Fuqua Foundation, Inc. and 768,600 shares as an officer and director of
Fuqua Holdings, Inc.).
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
-----
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13. Percent of Class Represented by Amount in Row (11)
Approximately 5.1%
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14. Type of Reporting Person
IN
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-3-
<PAGE>
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CUSIP NO. 384632-10-0
- ----------------------------------
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Fuqua Holdings, Inc.
IRS I.D. No. 58-2185727
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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 OO
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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 Organization
Georgia
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Number of 7. Sole Voting Power
Shares 768,600
Beneficially --------------------------
Owned by 8. Shared Voting Power
Each Reporting 0
Person With --------------------------
9. Sole Dispositive Power
768,600
--------------------------
10. Shared Dispositive Power
0
--------------------------
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
Fuqua Holdings, Inc., the general partner of Fuqua Holdings-I, L.P.,
may be deemed to own beneficially (through the power of its sole directors and
shareholders, J. B. Fuqua and J. Rex Fuqua, to direct the vote and disposition
thereof) 768,600 shares of the Common Stock.
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
-----
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13. Percent of Class Represented by Amount in Row (11)
Approximately 2.5%
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14. Type of Reporting Person
CO
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<PAGE>
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CUSIP NO. 384632-10-0
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Fuqua Holdings-I, L.P.
IRS I.D. No. 58-2185724
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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 OO
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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 Organization
Georgia
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Number of 7. Sole Voting Power
Shares 768,600
Beneficially --------------------------
Owned by 8. Shared Voting Power
Each Reporting 0
Person With --------------------------
9. Sole Dispositive Power
768,600
--------------------------
10. Shared Dispositive Power
0
--------------------------
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
Fuqua Holdings-I, L.P. may be deemed to own beneficially (through the
power of J. B. Fuqua and J. Rex Fuqua as the sole directors and shareholders of
Fuqua Holdings, Inc., the general partner of Fuqua Holdings-I, L.P., to direct
the vote and disposition thereof) 768,600 shares of the Common Stock.
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
-----
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13. Percent of Class Represented by Amount in Row (11)
Approximately 2.5%
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14. Type of Reporting Person
PN
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-5-
<PAGE>
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CUSIP NO. 384632-10-0
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Jennifer Calhoun Fuqua Trust
IRS I.D. No. 58-6163768
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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 OO
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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 Organization
Georgia
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Number of 7. Sole Voting Power
Shares 337,770
Beneficially --------------------------
Owned by 8. Shared Voting Power
Each Reporting 0
Person With --------------------------
9. Sole Dispositive Power
337,770
--------------------------
10. Shared Dispositive Power
0
--------------------------
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
The Jennifer Calhoun Fuqua Trust may be deemed to own beneficially
(through the power of its sole trustee, J. B. Fuqua, to direct the vote and
disposition thereof) 337,770 shares of the Common Stock.
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
-----
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13. Percent of Class Represented by Amount in Row (11)
Approximately 1.1%
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14. Type of Reporting Person
OO
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<PAGE>
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CUSIP NO. 384632-10-0
- -----------------------------------
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Lauren Brooks Fuqua Trust
IRS I.D. No. 58-6163767
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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 OO
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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 Organization
Georgia
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Number of 7. Sole Voting Power
Shares 337,768
Beneficially --------------------------
Owned by 8. Shared Voting Power
Each Reporting 0
Person With --------------------------
9. Sole Dispositive Power
337,768
--------------------------
10. Shared Dispositive Power
0
--------------------------
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
The Lauren Brooks Fuqua Trust may be deemed to own beneficially
(through the power of its sole trustee, J. B. Fuqua, to direct the vote and
disposition thereof) 337,768 shares of the Common Stock.
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
-----
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13. Percent of Class Represented by Amount in Row (11)
Approximately 1.1%
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14. Type of Reporting Person
OO
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<PAGE>
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CUSIP NO. 384632-10-0
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1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The J. B. Fuqua Foundation, Inc.
IRS I.D. No. 23-7122039
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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 OO
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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 Organization
Georgia
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Number of 7. Sole Voting Power
Shares 146,365
--------------------------
Beneficially 8. Shared Voting Power
Owned by 0
--------------------------
Each Reporting 9. Sole Dispositive Power
Person With 146,365
--------------------------
10. Shared Dispositive Power
0
--------------------------
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
The J. B. Fuqua Foundation, Inc. may be deemed to own beneficially
(through the power of its directors and officers to direct the vote thereof)
146,365 shares of the Common Stock.
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
-----
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13. Percent of Class Represented by Amount in Row (11)
Approximately 0.5%
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14. Type of Reporting Person
CO
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-8-
<PAGE>
INTRODUCTION
On December 30, 1997, the parties to that certain Agreement and Plan of
Merger dated as of September 5, 1997, as amended as of September 29, 1997 (the
"Merger Agreement"), by and among Graham-Field Health Products, Inc., a Delaware
corporation (the "Company"), Fuqua Enterprises, Inc., a Delaware corporation
("Fuqua"), and GFHP Acquisition Corp., a Delaware corporation and a wholly-owned
subsidiary of the Company ("Sub"), caused the consummation of the Merger
Agreement, pursuant to which Sub was merged with and into Fuqua, with Fuqua
continuing as the surviving corporation and becoming a wholly-owned subsidiary
of the Company (the "Merger").
In the Merger, each share of Fuqua's common stock, par value $2.50 per
share (the "Fuqua Common Stock"), other than shares of Fuqua Common Stock
canceled pursuant to the Merger Agreement, were converted into the right to
receive 2.1 shares of Common Stock of the Company.
On December 30, 1997, as a result of the consummation of the Merger
Agreement, the Reporting Persons (as defined below) received the Common Stock of
the Company which is the subject of this Schedule 13D.
ITEM 1. SECURITY AND ISSUER
The class of equity securities to which this statement relates is the
common stock, $.025 par value (the "Common Stock"), of Graham-Field Health
Products, Inc., a Delaware corporation, 400 Rabro Drive East, Hauppauge, New
York 11788.
ITEM 2. IDENTITY AND BACKGROUND
This statement is being filed by J. B. Fuqua, J. Rex Fuqua, Fuqua
Holdings, Inc., Fuqua Holdings-I, L.P., The Jennifer Calhoun Fuqua Trust, The
Lauren Brooks Fuqua Trust, and The J. B. Fuqua Foundation, Inc. (collectively,
the "Reporting Persons").
I. (a) J. B. Fuqua(1)(2)(3)
(b) J. B. Fuqua's business address is One
Atlantic Center, 1201 West Peachtree Street,
Suite 5000, Atlanta, Georgia 30309.
(c) J. B. Fuqua is an officer and director of Fuqua
Holdings, Inc., the address of
which is One Atlantic Center, 1201 West
Peachtree Street, Suite 5000, Atlanta,
Georgia 30309.
(f) J. B. Fuqua is a citizen of the United States.
II. (a) J. Rex Fuqua(1)(3)
(b) J. Rex Fuqua's business address is One
Atlantic Center, 1201 West Peachtree Street,
Suite 5000, Atlanta, Georgia 30309.
(c) J. Rex Fuqua is President and Chief Executive
Officer of Fuqua Capital Corp., an investment
company, the address of which is One Atlantic
Center, 1201 West Peachtree Street, Suite 5000,
Atlanta, Georgia 30309.
(f) J. Rex Fuqua is a citizen of the United
States.
III. (a) Fuqua Holdings, Inc.
(b) The address of the principal office and of
the principal business of Fuqua Holdings,
Inc. is One Atlantic Center, 1201 West
Peachtree Street, Suite 5000, Atlanta,
Georgia 30309.
(c) The principal business of Fuqua Holdings, Inc. is
to serve as the general partner of Fuqua Holdings -
I, L.P., the address of which is One Atlantic
Center, 1201 West
<PAGE>
Peachtree Street, Suite 5000, Atlanta,
Georgia 30309.
(f) Fuqua Holdings, Inc. is organized under the
laws of the State of Georgia.
IV. (a) Fuqua Holdings-I, L.P.
(b) The address of the principal office and of
the principal business of Fuqua Holdings - I,
L.P. is One Atlantic Center, 1201 West
Peachtree Street, Suite 5000, Atlanta,
Georgia 30309.
(c) The principal business of Fuqua Holdings - I, L.P.
is to acquire and hold for investment intangible
assets; and generally to engage in any and all
lawful business activities that its general partner
may from time to time determine.
(f) Fuqua Holdings - I, L.P. is organized under
the laws of the State of Georgia.
V. (a) The Jennifer Calhoun Fuqua Trust (the "JCF
Trust")
(b) The principal office of the JCF Trust is One
Atlantic Center, 1201 West Peachtree Street, Suite
5000, Atlanta, Georgia 30309.
(c) Not applicable.
(f) The JCF Trust is organized under the laws of
the State of Georgia.
VI. (a) The Lauren Brooks Fuqua Trust (the "LBF
Trust")
(b) The principal office of the LBF Trust is One
Atlantic Center, 1201 West Peachtree Street, Suite
5000, Atlanta, Georgia 30309.
(c) Not applicable.
(f) The LBF Trust is organized under the laws of
the State of Georgia.
VII. (a) The J. B. Fuqua Foundation, Inc. (the "Foundation")
(b) The address of the principal office and of
the principal business of the Foundation is
One Atlantic Center, 1201 West Peachtree
Street, Suite 5000, Atlanta, Georgia 30309.
(c) The principal business of the Foundation is to
conduct charitable activities in accordance with
its charter.
(f) The Foundation is organized under the laws of
the State of Georgia.
- ----------------------
(1) An officer and director of the Foundation.
(2) Sole trustee of the JCF Trust and the LBF Trust.
(3) An officer and director of Fuqua Holdings, Inc.
(d)-(e) During the last five years none of the Reporting Persons has
been (i) convicted in a criminal proceeding (excluding traffic violations and
similar misdemeanors) or (ii) 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.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
On December 30, 1997, pursuant to the Merger Agreement, Sub was merged
with and into Fuqua, with Fuqua continuing as the surviving corporation
<PAGE>
and becoming a wholly-owned subsidiary of the Company. In the Merger, each share
of Fuqua Common Stock, other than shares of Fuqua Common Stock canceled pursuant
to the Merger Agreement, were converted into the right to receive 2.1 shares of
Common Stock of the Company. The Reporting Persons, as stockholders of Fuqua,
received shares of Common Stock of the Company in accordance with the terms of
the Merger Agreement.
The foregoing response to this Item 3 is qualified in its entirety by
reference to the Merger Agreement, the full text of which was filed as an
exhibit to the Company's Form S-4 (File No. 333-43189), as filed with the
Securities and Exchange Commission on December 19, 1997.
ITEM 4. PURPOSE OF TRANSACTION
On December 30, 1997, Sub merged with and into Fuqua pursuant to the
Merger Agreement, with Fuqua continuing as the surviving corporation and
becoming a wholly-owned subsidiary of the Company. The Reporting Persons, as
stockholders of Fuqua, received shares of Common Stock of the Company in
accordance with the terms of the Merger Agreement.
(a) The Reporting Persons have acquired beneficial ownership of 3,023,488
shares of Common Stock as a result of the consummation of the Merger described
in Item 3 above.
(b) None.
(c) None.
(d) Pursuant to the terms of that certain Stockholders Agreement, dated as of
September 5, 1997 (the "Stockholders Agreement"), among BIL (Far East Holdings)
Limited, and BIL Securities (Offshore) Ltd. (together "BIL"), Irwin Selinger,
and J. B. Fuqua, J. Rex Fuqua, Fuqua Holdings-I, L.P., The Jennifer Calhoun
Fuqua Trust, The Lauren Brooks Fuqua Trust and The J. B. Fuqua Foundation, Inc.
(collectively, the "Fuqua Stockholders"), so long as the Fuqua Stockholders
beneficially own 5% or more of the voting power of the outstanding capital stock
of the Company, the Fuqua Stockholders will have the right to designate one
member of the Board of Directors of the Company. In accordance with the
Stockholders Agreement, J. Rex Fuqua has been designated, but not yet elected,
to serve as a member of the Company's Board of Directors.
(e) None.
(f) None.
(g) The Fuqua Stockholders have agreed in the Stockholders Agreement, for so
long as the Fuqua Stockholders own securities representing at least 5% of the
voting power of the outstanding capital stock of the Company, not to acquire
additional shares of Common Stock, to seek to acquire ownership of the Company,
to engage in any solicitation of proxies with respect to the Company, or
otherwise to seek or propose to acquire control of the Company's Board of
Directors.
(h) None.
(i) None.
(j) None.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a)-(b) The Reporting Persons collectively own 3,023,488 shares of Common
Stock, which amounts to approximately 9.9% of the total number of shares of
Common Stock which Company has issued and are outstanding as of December 31,
1997 (30,551,944 shares).
(c) Except as described in this filing, none of the Reporting Persons listed
in Item 2 above has effected any transaction in the Common Stock during the past
sixty days.
(d) Except for certain rights of the limited partners of Fuqua Holdings-I,
L.P. (each of whom is identified in Exhibit 3 hereto), in the event of
liquidation of Fuqua
<PAGE>
Holdings-I, L.P., no other person is known to have the right to receive or the
power to direct the receipt of dividends from, or the proceeds from the sale of,
such securities.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
THE MERGER AGREEMENT
Pursuant to the Merger Agreement, Sub was merged with and into Fuqua on
December 30, 1997, with Fuqua continuing as the surviving corporation and
becoming a wholly-owned subsidiary of the Company. In the Merger, each share of
Fuqua Common Stock, other than shares of Fuqua Common Stock canceled pursuant to
the Merger Agreement, were converted into the right to receive 2.1 shares of
Common Stock, par value $.025 per share, of the Company.
To induce the Fuqua Stockholders and Sub to enter into the Merger
Agreement, the Fuqua Stockholders and the Company entered into (i) the
Stockholders Agreement and (ii) a Registration Rights Agreement (the
"Registration Rights Agreement"), dated as of September 5, 1997, by and among
the Fuqua Stockholders and the Company.
STOCKHOLDERS AGREEMENT
Pursuant to the Stockholders Agreement, among other things, the Fuqua
Stockholders agreed to vote or to execute written consents with respect to all
of their shares of Fuqua Common Stock in favor of the adoption of the Merger
Agreement and in favor of the Merger, and not to dispose of their shares of
Fuqua Common Stock. Similarly, BIL and Irwin Selinger agreed to vote their
shares of the Common Stock of the Company in favor of a share issuance proposal
relating to the Merger. In addition, the Fuqua Stockholders agreed not to
initiate, solicit or encourage, directly or indirectly, any inquiries with
respect to any alternative business combination transaction relating to Fuqua or
engage in any negotiations concerning any such transaction and to promptly
notify the Company of any inquiries or proposed negotiations with respect to any
such proposed transaction.
Pursuant to the Stockholders Agreement, the Fuqua Stockholders have the
right to designate one member of the Company's Board of Directors following the
Merger, and have agreed to vote their shares of the Common Stock of the Company
in certain situations in accordance with the recommendation of the Company's
Board of Directors, so long as the Fuqua Stockholders beneficially own 5% or
more of the voting power of the outstanding capital stock of the Company. The
Fuqua Stockholders have also agreed, so long as they beneficially own 5% or more
of the voting power of the outstanding capital stock of the Company, to certain
transfer restrictions on their shares of the Common Stock of the Company and not
to seek to acquire additional ownership of the Company or control of the
Company's Board of Directors.
The Stockholders Agreement will automatically terminate upon a
termination of the Merger Agreement in accordance with its terms, upon a change
of control of the Company's Board of Directors or if the Fuqua Stockholders
beneficially own less than 5% of the voting power of the outstanding capital
stock of the Company.
REGISTRATION RIGHTS AGREEMENT
The Registration Rights Agreement contains customary terms and
conditions and provides, among other things, that the Fuqua Stockholders and
certain of their transferees will have the right to require the Company to
register under the Securities and Exchange Act of 1933, as amended (the
"Securities Act"), the Common Stock that the Fuqua Stockholders received in the
Merger (including any additional shares received by the Fuqua Stockholders as a
dividend, stock split or other distribution) in up to three demand registrations
and unlimited incidental ("piggyback") registrations. The Registration Rights
Agreement shall not apply to the Common Stock once (i) a registration statement
with respect to the sale of such Common Stock shall have become effective under
the Securities Act and such Common Stock shall have been disposed of in
accordance with such registration statement, (ii) the Common Stock shall have
been distributed to the public pursuant to Rule 144 promulgated under the
Securities Act or all Common Stock then owned by the Fuqua Stockholders can be
sold in any three-month period pursuant to Rule 144, (iii) the Common Stock is
transferred to or becomes owned by a person other than the Fuqua Stockholders
(other
<PAGE>
than a permitted assignee) or (iv) the Common Stock shall have ceased to be
outstanding.
The Company will be required to pay all registration expenses incurred
by the Fuqua Stockholders in connection with any such registrations, except for
underwriting discounts and commissions. The Company also agreed to customary
indemnification and contribution protections to selling holders of the Common
Stock under the Federal securities laws and otherwise. The Fuqua Stockholders
may assign their rights under the Registration Rights Agreement to another Fuqua
Stockholder or, if such person is a natural person, to his or her heirs and
legal representatives.
The Merger Agreement, as amended, has been filed as an Exhibit to the
Company's Form S-4 (File No. 333-43189), as filed with the Securities and
Exchange Commission on December 19, 1997, and the Stockholders Agreement and the
Registration Rights Agreement have each been filed as exhibits to the Company's
report on Form 8-K, dated as of September 5, 1997, and are each incorporated
herein by reference. The foregoing descriptions of such documents are qualified
in their entirety by reference to those documents filed hereto as exhibits.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
(1) Joint Filing Agreement.
<PAGE>
Signature
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: January 8, 1998
/s/ J. B. Fuqua
---------------------------------------------
J. B. FUQUA
/s/ J. Rex Fuqua
---------------------------------------------
J. REX FUQUA
FUQUA HOLDINGS, INC.
By: /s/ J. Rex Fuqua
-------------------------------------
Name: J. Rex Fuqua
-------------------------------------
Title: President
-------------------------------------
FUQUA HOLDINGS-I, L.P.
By: FUQUA HOLDINGS, INC., its General Partner
By: /s/ J. Rex Fuqua
-------------------------------------
Name: J. Rex Fuqua
-------------------------------------
Title: President, Fuqua Holdings, Inc.
-------------------------------------
THE JENNIFER CALHOUN FUQUA TRUST
By: /s/ J. B. Fuqua
-------------------------------------
Name: J. B. Fuqua
-------------------------------------
Title: Trustee
-------------------------------------
THE LAUREN BROOKS FUQUA TRUST
By: /s/ J. B. Fuqua
------------------------------------
Name: J. B. Fuqua
------------------------------------
Title: Trustee
------------------------------------
THE J. B. FUQUA FOUNDATION, INC.
By: /s/ J. B. Fuqua
------------------------------------
Name: J. B. Fuqua
------------------------------------
Title: Chairman/President
------------------------------------
Exhibit 1
JOINT FILING AGREEMENT
This will confirm the agreement by and among all of the undersigned
(collectively, the "Fuqua Stockholders") that the Schedule 13D, dated as of
January 8, 1998, of the Fuqua Stockholders filed on or about this date with
respect to the beneficial ownership by the Fuqua Stockholders of shares of
common stock, $.025 par value ("Common Stock"), of Graham-Field Health Products,
Inc. is being filed on behalf of each of the Fuqua Stockholders.
Furthermore, each of the Fuqua Stockholders does hereby make,
constitute and appoint J.B. Fuqua and J. Rex Fuqua, or any of them, as his, her
or its true and lawful attorneys-in-fact to execute any and all instruments in
his, her or its name that are necessary or advisable to comply with Section
13(d) of the Securities Exchange Act of 1934, as amended, and any rules,
regulations and requirements of the Securities and Exchange Commission
promulgated pursuant thereto, in connection with his, her or its ownership of
Common Stock, and any and all amendments thereto and to file the same with all
exhibits thereto and other documents in connection therewith.
This Agreement may be executed in one or more counterparts by each of
the undersigned, and each of which, taken together, shall constitute but one and
the same instrument.
Dated: January 8, 1998
/s/ J. B. Fuqua
---------------------------------------------
J. B. FUQUA
/s/ J. Rex Fuqua
---------------------------------------------
J. REX FUQUA
FUQUA HOLDINGS, INC.
By: /s/ J. Rex Fuqua
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Name: J. Rex Fuqua
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Title: President
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FUQUA HOLDINGS-I, L.P.
By: FUQUA HOLDINGS, INC., its General Partner
By: /s/ J. Rex Fuqua
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Name: J. Rex Fuqua
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Title: President, Fuqua Holdings, Inc.
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THE JENNIFER CALHOUN FUQUA TRUST
By: /s/ J. B. Fuqua
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Name: J. B. Fuqua
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Title: Trustee
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THE LAUREN BROOKS FUQUA TRUST
By: /s/ J. B. Fuqua
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Name: J. B. Fuqua
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Title: Trustee
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THE J. B. FUQUA FOUNDATION, INC.
By: /s/ J. B. Fuqua
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Name: J. B. Fuqua
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Title: Chairman/President
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