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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Home Security International
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(Name of Issuer)
Common Stock, $0.001 par value per share
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(Title of Class of Securities)
437333107
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(CUSIP Number)
Arthur Don
111 E. Wacker Dr., Ste. 2800
Chicago, IL 60601
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
October 26, 1999
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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 (S)240.13d-1(e), (S)240.13d-1(f) or (S)240.13d-1(g), check
the following box /X/.
Note. Schedules filed in paper format shall include a signed original and five
copies, including all exhibits. See Rule 13d-7 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 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).
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SCHEDULE 13D
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Page 2 of 7 Pages
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
HIH Insurance Limited
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4
AF
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Australia
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SOLE VOTING POWER
7
NUMBER OF 2,730,000
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 2,730,000
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
2,730,000
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
46.8%
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TYPE OF REPORTING PERSON*
14
IC, CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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SCHEDULE 13D
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Page 3 of 7 Pages
---------------------
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FAI Insurances Limited
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4
AF
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
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CITIZENSHIP OR PLACE OF ORGANIZATION
6
Australia
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SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
2,730,000
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
46.8%
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TYPE OF REPORTING PERSON*
14
IC, CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
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Page 4 of 7 Pages
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NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FAI Home Security Holdings Pty Limited
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
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SEC USE ONLY
3
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SOURCE OF FUNDS*
4
WC
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CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Australia
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SOLE VOTING POWER
7
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
0
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
2,730,000
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
12
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
46.8%
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TYPE OF REPORTING PERSON*
14
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
SCHEDULE 13D
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Page 5 of 7 Pages
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Item 1. Security and Issuer.
This statement relates to the Common Stock, par value $.01 per share,
of Home Security International, Inc. ("HSI"), which has its principal executive
offices at Level 7, 77 Pacific Highway, North Sydney, NSW 2060, Australia.
Item 2. Identity and Background.
This statement is being filed jointly by HIH Insurance Limited
("HIH"), FAI Insurances Limited ("FAI Insurances") and FAI Home Security
Holdings Pty Limited ("FAI Home Security"). FAI Home Security is the wholly-
owned subsidiary of FAI Insurances and FAI Insurances is the wholly-owned
subsidiary of HIH. All three companies are organized under the laws of
Australia.
HIH conducts its principal business and maintains its principal office
at Level 42 AMP Centre, 50 Bridge Street, Sydney, NSW 2000, Australia. FAI
Insurances conducts its principal business and maintains its principal office at
Level 42 AMP Centre, 50 Bridge Street, Sydney, NSW 2000, Australia. FAI Home
Security conducts its principal business and maintains its principal office at
Level 42 AMP Centre, 50 Bridge Street, Sydney, NSW 2000, Australia. Insurance is
the principal business of both HIH and FAI Insurances. Sales, installations and
monitoring of home security devices is the principal business of FAI Home
Security.
Exhibit 1 to this Statement contains the name, business address,
present principal occupations and citizenship of each of the directors and
executive officers of HIH, FAI Insurances and FAI Home Security and this
information is incorporated herein by reference.
During the last five years, neither HIH, FAI Insurances, FAI Home
Security, nor to the best of its knowledge, any of the persons listed on Exhibit
1 hereto, has been convicted in any criminal proceeding (excluding traffic
violations or similar misdemeanors) or has been a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction and as a result of
which any such person was or is subject to a judgment, decree, 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.
The shares acquired by HIH, FAI Insurances and FAI Home Security on
October 26, 1999, were acquired through an open market purchase by FAI Home
Security of 580,000 shares of common stock, $.001 par value, of Home Security
International, Inc. ("HSI"), for $1,171,600, or approximately $2.02 per share.
FAI Home Security used money from its working capital to purchase the HSI
shares. Prior to the October 26, 1999 purchase, HIH, FAI Insurances and FAI home
security owned 2,150,000 shares of HSI which were retained when HSI, a former
subsidiary of FAI Home Security, was spun off as a separate company from HIH,
FAI Insurances and FAI Home Security.
Item 4. Purpose of the Transaction.
The HSI common stock owned by HIH, FAI Insurances and FAI Home
Security was acquired for investment purposes. Currently, neither HIH, FAI
Insurances, nor FAI Home Security has plans or proposals which relate to (a) -
(f) of this Item 4 regarding an intention to alter the business or corporate
structure of HSI.
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SCHEDULE 13D
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Page 6 of 7 Pages
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Item 5. Interest in the Securities of the Issuer.
On October 26, 1999, FAI Home Security completed an open market
purchase of 580,000 shares of common stock, $.001 par value, of HSI. The
aggregate consideration for such purchase was $1,171,600, or approximately $2.02
per share. As a result of the purchase, HIH, FAI Insurances and FAI Home
Security own approximately 2,730,000 shares of HSI common stock, constituting
approximately 46.8% of the issued and outstanding shares of HSI common stock.
HIH, through its wholly-owned subsidiaries FAI Insurances and FAI Home Security,
has the sole power to vote and direct the vote and the sole power to dispose and
direct the disposition of such shares.
Item 6. Contracts, Arrangements, Understandings or relationships with Respect
to Securities of the Issuer.
FAI Insurances, FAI Home Security and HSI entered into a Shareholders
Rights Agreement which was filed with the SEC on February 9, 1999, as Exhibit
10.22 to HSI's Pre-Effective Amendment No. 1 to Form S-1, registration number
333-59421, and said Shareholders Rights Agreement is incorporated herein by
reference.
Item 7. Material to be Filed as Exhibits.
The following exhibits are filed herewith:
Exhibit 99.1 - A. Directors and Executive Officers of HIH.
B. Directors and Executive Officers of FAI
Insurance.
C. Directors and Executive Officers of FAI Home
Security.
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SCHEDULE 13D
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Page 7 of 7 Pages
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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: November 4, 1999 HIH Insurance Limited.
By: /s/ Terence Kevin Cassidy
------------------------------------
Terence Kevin Cassidy
Its: Executive Director
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: November 4, 1999 FAI Insurances Limited.
By: /s/ Terence Kevin Cassidy
------------------------------------
Terence Kevin Cassidy
Its: Executive Director
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: November 4, 1999 FAI Home Security Holdings Pty Limited
By: /s/ Terence Kevin Cassidy
------------------------------------
Terence Kevin Cassidy
Its: Executive Director
<PAGE>
Exhibit 99.1
A. Directors and Executive Officers of HIH
<TABLE>
<CAPTION>
PRESENT
NAME BUSINESS ADDRESS PRINCIPAL OCCUPATION CITIZENSHIP
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<S> <C> <C> <C>
Charles Percy Abbott Level 42 AMP Centre, Non-Executive Director: Australia
50 Bridge Street, Chairman of Steering and
Sydney, NSW 2000, Australia Board Committees, and Member
of Audit Committee
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Rodney Stephen Adler AM Level 42 AMP Centre, Non-Executive Director: Australia
50 Bridge Street, Member of Investment
Sydney, NSW 2000, Australia Committee
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Terence Kevin Cassidy Level 42 AMP Centre, Managing Director: Australia
50 Bridge Street, Member of Investment and
Sydney, NSW 2000, Australia Reinsurance Committees
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Geoffrey Arthur Cohen Level 42 AMP Centre, Non-Executive Chairman: Australia
50 Bridge Street, Chairman of Audit, Human
Sydney, NSW 2000, Australia Resources, Investment and
Due Diligence Committees and
Member of the Steering and
Board Committees
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Dominic Fodera Level 42 AMP Centre, Finance Director: Member of Australia
50 Bridge Street, Investment, Reinsurance and
Sydney, NSW 2000, Australia Due Diligence Committees
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Justin Herbert Gardener Level 42 AMP Centre, Non-Executive Director: Australia
50 Bridge Street, Member of Audit and Human
Sydney, NSW 2000, Australia Resources Committees
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Alexander Walter Gorrie Level 42 AMP Centre, Non-Executive Director: Australia
50 Bridge Street, Member of Human Resources
Sydney, NSW 2000, Australia Committee
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Michael William Payne 85 Gracechurch Street, Non-Executive Director: United Kingdom
London, EC3V OAA Chairman of Reinsurance
Committee
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Robert Reginald Stitt Q.C. Level 42 AMP Centre, Non-Executive Director: Australia
50 Bridge Street, Member of Audit, Human
Sydney, NSW 2000, Australia Resources and Due Diligence
Committees
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George Osvald Sturesteps Level 42 AMP Centre, Deputy Chief Executive and Australia
50 Bridge Street, Managing Director,
Sydney, NSW 2000, Australia International: Member of
Reinsurance Committee
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Hermann Franz Randolph Wein 23/F, Dah Sing Financial Centre, Chief Executive, Asia: Member Switzerland
108 Gloucester Road, Wanchai, of Reinsurance, Steering
Hong Kong and Board Committees
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Raymond Reginald Williams AM Level 42 AMP Centre, Deputy Chairman and Chief Australia
50 Bridge Street, Executive: Member of Steering
Sydney, NSW 2000, Australia and Board Committees.
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</TABLE>
<PAGE>
B. Directors and Executive Officers of FAI Insurances
<TABLE>
<CAPTION>
PRESENT
NAME BUSINESS ADDRESS PRINCIPAL OCCUPATION CITIZENSHIP
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<S> <C> <C> <C>
Rodney Stephen Adler AM Level 42 AMP Centre, Director Australia
50 Bridge Street,
Sydney, NSW 2000, Australia
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Terrence Kevin Cassidy Level 42 AMP Centre, Director Australia
50 Bridge Street,
Sydney, NSW 2000, Australia
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Dominic Fodera Level 42 AMP Centre, Director Australia
50 Bridge Street,
Sydney, NSW 2000, Australia
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Raymond Reginald Williams AM Level 42 AMP Centre, Chairman Australia
50 Bridge Street,
Sydney, NSW 2000, Australia
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</TABLE>
C. Directors and Executive Officers of FAI Home Security
<TABLE>
<CAPTION>
PRESENT
NAME BUSINESS ADDRESS PRINCIPAL OCCUPATION CITIZENSHIP
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<S> <C> <C> <C>
Terrence Kevin Cassidy Level 42 AMP Centre, Director Australia
50 Bridge Street,
Sydney, NSW 2000, Australia
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Dominic Fodera Level 42 AMP Centre, Director Australia
50 Bridge Street,
Sydney, NSW 2000, Australia
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Raymond Reginald Williams AM Level 42 AMP Centre, Chairman Australia
50 Bridge Street,
Sydney, NSW 2000, Australia
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</TABLE>
