UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. ___)*
Tristar Corporation.
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(Name of Issuer)
Common stock, par value $.01 per share
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(Title of Class of Securities)
77824107
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(CUSIP Number)
William F. Bavinger
Bryan Cave LLP
700 Thirteenth Street, NW, Washington, D.C. 20005
(202) 508-6000
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(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications)
October 21, 1996
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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. [ ]
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) 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
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 and 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).
Page 1 of 7 Pages
<PAGE>
SCHEDULE 13D
AMENDMENT NO. ___
CUSIP NO. 77824107
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ibrahim Ahmed Al-Musbahi,
###-##-####
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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*
PF, AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Kingdom of Saudi Arabia
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7 SOLE VOTING POWER
NUMBER OF SHARES -------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
1,000,000 shares
OWNED BY EACH -------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
-------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,000,000 shares
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,000,000 shares
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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)
5.2%
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14 TYPE OF REPORTING PERSON*
IN
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================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 7 Pages
<PAGE>
SCHEDULE 13D
AMENDMENT NO. ___
CUSIP NO. 77824107
================================================================================
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ahmed Ibrahim Al-Musbahi
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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*
PF, AF
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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
Kingdom of Saudi Arabia
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7 SOLE VOTING POWER
NUMBER OF SHARES -------------------------------------------------------------
8 SHARED VOTING POWER
BENEFICIALLY
1,000,000 shares
OWNED BY EACH -------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
-------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,000,000 shares
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,000,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
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================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 7 Pages
<PAGE>
ITEM 1. SECURITY AND ISSUER.
This statement relates to the acquisition on October 21, 1996, of 1,000,000
shares of the Common Stock, par value $.01 per share (the "Common Stock"), of
Tristar Corporation, formerly known as Ross Cosmetics Distribution Centers, Inc.
(the "Issuer") by Ibrahim Ahmed Al-Musbahi. The Common Stock trades on the
NASDAQ Small Cap Market. The Issuer is a Delaware corporation and has its
principal executive offices located at 12500 San Pedro Avenue, Suite 500, San
Antonio, TX 78216.
ITEM 2. IDENTITY AND BACKGROUND.
This statement on Schedule 13D is filed jointly by Ibrahim Ahmed Al-Musbahi
and Ahmed Ibrahim Al-Musbahi.
Mr. Ahmed Al-Musbahi is the father of Mr. Ibrahim Al-Musbahi. Mr. Ahmed
Al-Musbahi's address is P.O. Box 20002, Jeddah 21455, Saudi Arabia. Mr. Ahmed
Al-Musbahi is the managing director and owner of the Al-Musbahi Establishment,
P.O. Box 20002, Jeddah 21455, Saudi Arabia.
Mr. Ibrahim Al-Musbahi's address is P.O. Box 15674, Dubai, U.A.E.
Mr. Ibrahim Al-Musbahi is currently a student at Bowling Green State University,
Bowling Green, Ohio.
Mr. Ibrahim Al-Musbahi and Mr. Ahmed Al-Musbahi have not, during the last
five years, been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors). Mr. Ibrahim Al-Musbahi and Mr. Ahmed
Al-Musbahi were not, during the last five years, a party to a civil proceeding
of a judicial or administrative body of competent jurisdiction and were not as a
result of such proceeding 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.
Both Mr. Ibrahim Al-Musbahi and Mr. Ahmed Al-Musbahi are citizens of the
Kingdom of Saudi Arabia.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The funds used in making the purchase were obtained from the personal
resources of Mr. Ibrahim Al-Musbahi and Mr. Ahmed Al-Musbahi. The consideration
for the purchase was $4.75 million, consisting of (i) forgiveness of $2,000,000
of debt owed to Mr. Ahmed Al-Musbahi by an affiliate of the Core Sheth Families
and Starion International Limited; (ii) $2,400,000 in cash paid at the time of
the sale by Mr. Ibrahim Al-Musbahi; and (iii) a promise by Mr. Ahmed Al-Musbahi
to pay the balance of $350,000 to the Core Sheth Families and Starion.
Page 4 of 7 Pages
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ITEM 4. PURPOSE OF TRANSACTION.
The securities were acquired for investment. Neither Mr. Ibrahim Al-Musbahi
nor Mr. Ahmed Al-Musbahi have any present plans or proposals that relate to or
would result in:
(a) The acquisition by any person of additional securities of the Issuer,
or the disposition of such securities of the Issuer;
(b) An extraordinary corporate transaction, such as a merger,
reorganization or liquidation, involving the Issuer or any of its subsidiaries;
(c) A sale or transfer of a material amount of the assets of the Issuer or
any of its subsidiaries;
(d) Any change in the present board of directors or management of the
Issuer, including any plans or proposals to change the number or term of
directors or to fill any vacancies of the board;
(e) Any material change in the present capitalization or dividend policy of
the Issuer;
(f) Any other material change in the Issuer's business or corporate
structure;
(g) Changes in the Issuer's charter, bylaws or instruments corresponding
thereto or other actions that may impede the acquisition of control of the
Issuer by any person;
(h) Causing a class of securities of the Issuer to be delisted from a
national securities exchange or to cease to be authorized to be quoted in an
inter-dealer quotation system of a registered national securities association;
(i) A class of equity securities of the Issuer becoming eligible for
termination of registration pursuant to Section 12(g)(4) of the Act; or
(j) Any action similar to any of those enumerated above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The total number of shares of Common Stock purchased was 1,000,000.
Based upon information contained in the most recently available filing by the
Issuer with the Securities and Exchange Commission, such shares constitute
approximately 5.2% of the outstanding shares of Common Stock.
(b) Mr. Ibrahim Al-Musbahi and Mr. Ahmed Al-Musbahi share the power to vote
or direct the vote and power to dispose or direct the disposition of all such
shares.
Page 5 of 7 Pages
<PAGE>
(c) Mr. Ahmed Al-Musbahi sold 201,000 shares of the Common Stock between
September 25, 1996 and October 22, 1996 at an average price of $7.00 per share
through the NASDAQ Market. Mr. Ahmed Al-Musbahi also sold 141,025 shares of the
Common Stock to an individual on October 24, 1996 at a price of $7.00 per share
in a private transaction. Neither Mr. Ibrahim Al-Musbahi nor Mr. Ahmed
Al-Musbahi has effected any transaction in the Common Stock since October 24,
1996.
(d) No other person has the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, any shares of
Common Stock beneficially owned by Messrs. Al-Musbahi.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
In addition to the promise to pay the balance of the consideration for the
shares of the Common Stock purchased as described in Item 3, Mr. Ibrahim
Al-Musbahi and Mr. Ahmed Al-Musbahi have agreed to confer with each other prior
to any disposition or voting of the shares of the Common Stock. Except for the
understanding between Messrs. Al-Musbahi and the promise to pay the balance of
the consideration, neither has any contracts, arrangements, understandings or
relationships with any person with respect to any securities of the Issuer.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
1. Written Agreement of the Reporting Persons as required by Rule 13d-1(f),
relating to the filing of this statement on Schedule 13D.
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.
June 23, 1997.
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(Date)
/s/ Ibrahim Ahmed Al-Musbahi
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Ibrahim Ahmed Al-Musbahi
Page 6 of 7 Pages
<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.
June 23, 1997.
----------------------------------------
(Date)
/s/ Ahmed Al-Musbahi
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Ahmed Al-Musbahi
Page 7 of 7 Pages
<PAGE>
EXHIBIT 1
The undersigned agree that this Schedule 13D dated June 23, 1997, is being
filed with the Securities and Exchange Commission on behalf of each of Ibrahim
Ahmed Al-Musbahi and Ahmed Ibrahim Al-Musbahi.
/s/ Ibrahim Ahmed Al-Musbahi
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Ibrahim Ahmed Al-Musbahi
/s/ Ahmed Ibrahim Al-Musbahi
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Ahmed Ibrahim Al-Musbahi
Dated: June 23, 1997
