SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13D-1(A) AND
AMENDMENTS THERETO FILED PURSUANT TO 13D-2(A
)
(AMENDMENT NO. 1)(1)
Tristar Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
89674U101
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(CUSIP Number)
Phillip A. Quatrini
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)
April 22, 1998
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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.
(Continued on the following pages)
(Page 1 of 6)
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(1) 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>
CUSIP NO. 89674U101 Page 2 of 6 Pages
13D
AMENDMENT NO. 1
================================================================================
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
1,700,000 shares
OWNED BY EACH -------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
-------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,700,000 shares
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,700,000 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)
10.2%
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14 TYPE OF REPORTING PERSON*
IN
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================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 89674U101 Page 3 of 6 Pages
13D
AMENDMENT NO. 1
================================================================================
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) |_|
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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
1,700,000 shares
OWNED BY EACH -------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
REPORTING
-------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER
1,7000,000 shares
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,7000,000 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)
10.2%
- - --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
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================================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
CUSIP NO. 89674U101 Page 4 of 6 Pages
13D
AMENDMENT NO. 1
This Amendment No. 1 to the Schedule 13D, dated June 23, 1997, filed with
the Securities and Exchange Commission by Ibrahim Ahmed Al-Musbahi and Ahmed
Ibrahim Al-Musbahi and relates to shares of Common Stock of Tristar Corporation,
a Delaware corporation, hereby amends Items 1, 3, 5 and 6 of the Schedule 13D.
Item 1. Security and Issuer.
This statement relates to the acquisition on April 22, 1998, of 700,000
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") from the Core Sheath Families, Starion International Limited and
Transvit Manufacturing Corporation by Ibrahim Ahmed Al-Musbahi and Ahmed Ibrahim
Al-Musbahi. The Common Stock trades on the NASDAQ National Market System. 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 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 $4.375 million payable as follows: (i) $3.5 million was
payable on or before April 30, 1998; (ii) $400,000 payable on or before August
31, 1998; and (iii) $475,000 payable on or before December 31, 1998.
Item 5. Interest in Securities of the Issuer.
(a) The total number of shares of Common Stock beneficially owned is
1,700,000. Based upon information contained in the most recently available
filing by the Issuer with the Securities and Exchange Commission, such shares
constitute approximately 10.2% 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.
(c) Except for the transaction reported herein, neither Mr. Ibrahim
Al-Musbahi nor Mr. Ahmed Al-Musbahi has effected any transaction in the Common
Stock in the past 60 days.
(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.
<PAGE>
CUSIP NO. 89674U101 Page 5 of 6 Pages
13D
AMENDMENT NO. 1
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer.
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
Agreement for Sale and Transfer with the Core Sheath Families dated April 22,
1998, 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.
2. Agreement for Sale and Transfer dated April 22, 1998, by
and between the Core Sheath Families and Ahmed I. Al-Musbahi.
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 12, 1998.
--------------------
(Date)
/s/Ibrahim Ahmed Al-Musbahi
-----------------------------------
Ibrahim Ahmed Al-Musbahi
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 12, 1998.
--------------------
(Date)
/s/Ahmed Al-Musbahi
-----------------------------------
Ahmed Al-Musbahi
<PAGE>
EXHIBIT 1
AGREEMENT OF REPORTING PERSONS
The undersigned agree that this Amendment No. 1 to Schedule 13D dated
June 12, 1998, 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
----------------------------------------
Ibrahim Ahmed Al-Musbahi
/s/ Ahmed Ibrahim Al-Musbahi
----------------------------------------
Ahmed Ibrahim Al-Musbahi
Dated: June 12, 1998
<PAGE>
EXHIBIT 2
This AGREEMENT for sale and transfer of share is signed by and between;
AHMED I. AL-MUSBAHI with service address at Al Musbah Trading Centre, Jedah,
Saudi Arabia;
and
CORE SHETH FAMILIES ("CSF") represented by Kirit Sunderlal Sheth with service
address at 6th Floor Standard Chartered Building, Dubai, UAE;
WHEREAS the CSF own a majority interest in Tristar Corporation, San Antonio,
Texas, USA (NASDAQ: TSAR) ("Tristar");
AND WHEREAS the CSF and Mr. Ahmed Al-Musbahi have long standing business
relations as supplier and customer;
AND WHEREAS the stock owned by the CSF is unregistered stock;
Therefore the parties have recorded the following understanding:
a. CSF will sell and transfer to Mr. Ahmed Al-Musbahi 700,000 (Seven
Hundred Thousand) shares of common stock of Tristar represented by the
following share certificates:
CERTIFICATE
HELD IN THE NAME OF: SHARES NUMBER
------------------- ------ ------
Transvit Manufacturing Corp. 500,000 0552
Starion International (BVI) 50,000 0188
Starion International (BVI) 50,000 0189
Starion International (BVI) 10,000 0190
Starion International (BVI) 10,000 0191
Starion International (BVI) 10,000 0192
Starion International (BVI) 10,000 0193
Starion International (BVI) 10,000 0194
Starion International (BVI) 10,000 0195
Starion International (BVI) 10,000 0196
Starion International (BVI) 10,000 0197
Starion International (BVI) 10,000 0198
Starion International (BVI) 10,000 0199
TOTAL *** 700,000 ***
<PAGE>
b. The shares will be transferred to either Mr. Ahmed Al-Musbahi or to
his order.
c. As full and final consideration for the sale and transfer, Mr. Ahmed
Al-Musbhai will pay to the CSF US$6.25 per share amounting to
US$4,375,000/- (Four million three hundred and seventy five thousand
only). The consideration will be net of all charges including transfer
and legal charges. The consideration will be paid as under:
o US$3,500,000/- (Three million five hundred thousand) on or
before 30th April 1998.
o US$400,000/- (Four Hundred Thousand) on or before 31st August
1998.
o US$475,000/- (Four hundred seventy five thousand) on or before
31st December 1998.
This agreement is made at Dubai on the 22nd day of April 1998.
/s/ Ahmed I. Al-Musbahi /s/ Kirit S. Sheth
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AHMED I. AL-MUSBAHI CORE SHETH FAMILIES
(By Kirit S. Sheth)
