<PAGE>
Page 1 of 13 Pages
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
---------------
Amendment No 1. to
SCHEDULE 13D
Under the Securities Exchange Act of 1934
RMS Titanic, Inc.
(Name of Issuer)
Common Stock
$.0001 par value
(Title of Class of Securities)
---------------
0007496121
(CUSIP Number)
Christopher T. Jensen, Esq.
Morgan, Lewis & Bockius LLP
101 Park Avenue
New York, New York 10178
Tel. No.: 212- 309-6000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 21, 1998
(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 statement because of Rule 13d-1(b)(3) or (4), check the following: / /
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CUSIP NO. 0007496121 13D PAGE 2 OF 13 PAGES
- -------------------- ------------------
- -------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS
Arnie Geller
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
Not applicable
- -------------------------------------------------------------------------------
(5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E) / /
- -------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- -------------------------------------------------------------------------------
(7) SOLE VOTING POWER
NUMBER OF 1,600,000
SHARES ---------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------
PERSON WITH (9) SOLE DISPOSITIVE POWER
1,600,000
---------------------------------------------------
(10) SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,600,000
- -------------------------------------------------------------------------------
(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.9%
- -------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 0007496121 13D Page 3 of 13 Pages
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- -------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS
G. Michael Harris
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
Not applicable
- -------------------------------------------------------------------------------
(5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E) / /
- -------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
(7) SOLE VOTING POWER
NUMBER OF 165,000
SHARES ---------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------
PERSON WITH (9) SOLE DISPOSITIVE POWER
165,000
---------------------------------------------------
(10) SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
165,000
- -------------------------------------------------------------------------------
(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.0%
- -------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP NO. 0007496121 13D PAGE 4 OF 13 PAGES
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- -------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS
Westgate Entertainment Corp.
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
Not applicable
- -------------------------------------------------------------------------------
(5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E) / /
- -------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
California
- -------------------------------------------------------------------------------
(7) SOLE VOTING POWER
NUMBER OF 349,899
SHARES ---------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------
PERSON WITH (9) SOLE DISPOSITIVE POWER
349,899
---------------------------------------------------
(10) SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
349,899
- -------------------------------------------------------------------------------
(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.2%
- -------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 0007496121 13D PAGE 5 OF 13 PAGES
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(1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS
Anne A. Hill
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
Not applicable
- -------------------------------------------------------------------------------
(5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E) / /
- -------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
(7) SOLE VOTING POWER
NUMBER OF 259,000
SHARES ---------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------
PERSON WITH (9) SOLE DISPOSITIVE POWER
259,000
---------------------------------------------------
(10) SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
259,000
- -------------------------------------------------------------------------------
(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.6%
- -------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 0007496121 13D PAGE 6 OF 13 PAGES
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(1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS
Shirley Hill
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
Not applicable
- -------------------------------------------------------------------------------
(5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E) / /
- -------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
(7) SOLE VOTING POWER
NUMBER OF 25,000
SHARES ---------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------
PERSON WITH (9) SOLE DISPOSITIVE POWER
25,000
---------------------------------------------------
(10) SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,000
- -------------------------------------------------------------------------------
(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
- -------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 0007496121 13D PAGE 7 OF 13 PAGES
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(1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS
James A. Hill
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
Not applicable
- -------------------------------------------------------------------------------
(5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E) / /
- -------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
(7) SOLE VOTING POWER
NUMBER OF 45,000
SHARES ---------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------
PERSON WITH (9) SOLE DISPOSITIVE POWER
45,000
---------------------------------------------------
(10) SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
45,000
- -------------------------------------------------------------------------------
(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
- -------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP NO. 0007496121 13D PAGE 8 OF 13 PAGES
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(1) NAMES OF REPORTING PERSONS. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS
D. Michael Harris
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
- -------------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------------
(4) SOURCE OF FUNDS*
Not applicable
- -------------------------------------------------------------------------------
(5) CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(D) OR 2(E) / /
- -------------------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
(7) SOLE VOTING POWER
NUMBER OF 165,000
SHARES ---------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING ---------------------------------------------------
PERSON WITH (9) SOLE DISPOSITIVE POWER
165,000
---------------------------------------------------
(10) SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
165,000
- -------------------------------------------------------------------------------
(12) CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / /
- -------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.0%
- -------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
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CUSIP No. 0007496121 13D Page 9 of 13 Pages
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ITEM 1. SECURITY AND ISSUER.
The class of equity securities to which this Amendment No. 1 (this
"Amendment") to the Schedule 13D filed on September 2, 1997 (the "Original
Schedule 13D") relates is the common stock (the "Common Stock"), $0.0001 par
value per share, of RMS Titanic, Inc., a Florida corporation (the "Issuer" or
"RMS"). The principal executive offices of RMS are located at 17 Battery Place,
New York, New York 10004.
ITEM 2. IDENTITY AND BACKGROUND.
This Amendment is being filed on behalf of the following persons who are
collectively referred to as the "Reporting Persons."
Arnie Geller is a self-employed corporate consultant. From May 1993 to May
1995, Mr. Geller served as President and a director of the Issuer. The
principal business and office of Mr. Geller are located at 285 Buckhead Avenue
N.E., Atlanta, Georgia 30305. Mr. Geller is a citizen of the United States.
G. Michael Harris is a promotor and agent of entertainment programs and
events. The principal business and office of Mr. Harris are located at 2840
West Bay Drive, Suite 231, BelleAir Bluffs, Florida 33770. Mr. Harris is a
citizen of the United States and is the son of D. Michael Harris, who is also a
Reporting Person.
Westgate Entertainment Corp. ("Westgate") is a corporation organized under
the laws of the State of California that is engaged in the production of
programs for television. John A. Joslyn, whose principal business is the
production of programs for television, is the sole officer, sole director and
sole shareholder of Westgate. The principal business and office of Westgate and
Mr. Joslyn are located at 4405 Riverside Drive, Suite 104, Burbank, California
91505.
Anne A. Hill is a self-employed business consultant. The principal
business and office of Ms. Hill are located at 2221 Peachtree Road, Suite D167,
Atlanta, Georgia 30309. Ms. Hill is a citizen of the United States and is the
daughter-in-law of Shirley A. Hill and sister-in-law of James A. Hill, who are
also Reporting Persons.
Shirley A. Hill is the sole owner and President of Julie's Shoppe, Inc., a
women's apparel business. The principal business and office of Ms. Hill are
located at 310 East Main Street, Swainsboro, Georgia 30401. Ms. Hill is a
citizen of the United States and is the mother-in-law of Anne A. Hill and the
mother of James A. Hill, who are also Reporting Persons.
<PAGE>
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CUSIP No. 0007496121 13D Page 10 of 13 Pages
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James A. Hill is an independent minister. The principal business and
office of Mr. Hill are located at 2625 Piedmont Road, No. 56300, Atlanta,
Georgia 30324. Mr. Hill is a citizen of the United States and is the
brother-in-law of Anne A. Hill and the son of Shirley A. Hill, who are also
Reporting Persons.
D. Michael Harris is a promoter of events. The principal business and
office of Mr. Harris are located at 2411 Carolina Avenue, Tampa, Florida 33629.
Mr. Harris is a citizen of the United States and is the father of G. Michael
Harris, who is also a Reporting Person.
During the last five years, none of the Reporting Persons or the executive
officers, directors or controlling shareholders of Westgate (i) has been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors), or (ii) has been a party to a civil proceeding 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.
The Reporting Persons are filing this Amendment because the Voting
Agreement attached as Exhibit 7.2 to the Original Schedule 13D (the "Voting
Agreement") has been declared null and void by the Reporting Persons and not as
a result of any acquisition of Common Stock by the Reporting Persons.
ITEM 4. PURPOSE OF TRANSACTION.
As noted in the Original Schedule 13D and in the Voting Agreement, the
purpose of the Voting Agreement was to assure the service of a qualified and
competent Board of Directors by electing George Tulloch, Allan H. Carlin, Arnie
Geller, G. Michael Harris and Kurt Hothorn as Directors of the Issuer. To date,
no such Board of Directors has been elected. Accordingly, on October 21, 1998,
Mr. Geller sent a letter to the signatories to the Voting Agreement (the
"Signatories") stating that the consideration for each party to enter into the
Voting Agreement has not been satisfied (i.e., the designated Board of Directors
has not been elected), and therefore, the Voting Agreement is null and void.
Thereafter, each of the other Reporting Persons sent similar letters to the
other Signatories.
Mr. Geller, Mr. G. Michael Harris and Mr. Joslyn, the sole director,
sole officer and sole shareholder of Westgate, are contemplating forming or
becoming part of a group that will acquire additional securities of the Issuer
for the purpose of effecting a change in control of the Issuer through a
change in the present Board of Directors and management of the Issuer and/or
through other means.
<PAGE>
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CUSIP No. 0007496121 13D Page 11 of 13 Pages
- --------------------- -------------------
Except as described in this Item 4 and elsewhere in this Amendment, none of
the Reporting Persons has formulated any plans or proposals which relate to or
would result in: (a) the acquisition by any person of additional securities of
the Issuer, or the disposition of securities of the Issuer; (b) an extraordinary
corporate transaction, such as a merger, reorganization or liquidation,
involving the Issuer; (c) a sale or transfer of a material amount of assets of
the Issuer; (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 existing vacancies on such 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, by-laws or instruments corresponding thereto or
other actions which 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 cease to be authorized to be quoted in an
interdealer quotation system of a registered national securities association;
(i) causing a class of equity securities of the Issuer to become eligible for
termination of registration pursuant to Section 12(g)(4) of the Securities
Exchange Act of 1934, as amended; or (j) any action similar to those enumerated
above. However, each of the Reporting Persons may change any of his, her or its
current intentions, acquire additional shares of Common Stock, sell or otherwise
dispose of all or any part of the Common Stock owned by the Reporting Person or
take any other action with respect to the Issuer or any of its securities in any
manner permitted by law depending upon future business and financial
considerations.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Based on the Form 10-Q of the Issuer for the period ended August 31, 1998,
as of October 19, 1998, there were 16,187,119 shares of the Common Stock
outstanding. In the aggregate, the Reporting Persons beneficially own 2,608,899
shares. These shares represent approximately 16.1% of the Common Stock
outstanding as of October 19, 1998.
(b) The following table sets forth the beneficial ownership of shares of the
Common Stock by (a) each Reporting Person and (b) each person for whom
information is required to be provided pursuant to General Instruction C of
Schedule 13D who beneficially owns any shares of the Common Stock. As a result
of the letters described in Item 4, each of the Reporting Persons disclaims (a)
beneficial ownership of the shares of Common Stock owned by any of the other
signatories to the Original Schedule 13D and (b) membership in the group formed
by execution of the Voting Agreement. Except as noted below, each person listed
below has sole voting and dispositive power over the shares identified below.
<PAGE>
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CUSIP No. 0007496121 13D Page 12 of 13 Pages
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Aggregate Number of
Name Shares Owned
- ------------------------------ -------------------
Arnie Geller 1,600,000(1)
G. Michael Harris 165,000(2)
Westgate Entertainment Corp. 349,899(3)
Anne A. Hill 259,000
Shirley A. Hill 25,000
James A. Hill 45,000
D. Michael Harris 165,000(2)
- --------------------
(1) The number of shares of the Common Stock owned of record by Mr. Geller
was inadvertently reported in the Original Schedule 13D as 1,650,000.
The correct number then and now is 1,600,000 shres. Pursuant to the
letters from Anne A. Hill, Shirley A. Hill and James A. Hill described
in Item 4 of this Amendment, the voting proxies previously granted by
such persons to Mr. Geller were revoked.
(2) Each of G. Michael Harris and D. Michael Harris received a distribution
from Titanic Ventures Limited Partnership, a Connecticut limited
partnership ("TVLP"), and its general partner in December 1996 of 215,000
shares of the Common Stock pursuant to the settlement of a dispute
described in a Schedule 13D filed by G. Michael Harris and John A. Joslyn
on March 1, 1996 (the "1996 Schedule 13D"). G. Michael Harris then sold
in the open market an aggregate of 50,000 of such shares in December 1996
and January 1997 in order to pay certain legal expenses. D. Michael Harris
transferred 50,000 of such shares to a friend in December 1996.
(3) Westgage received a distribution from TVLP and its general partner in
December 1996 of 765,000 shares of the Common Stock pursuant to the
settlement of a dispute described in the 1996 Schedule 13D. Westgage
then sold from time to time in the open market, principally in February
1997, an aggregate of 415,101 of such shares. Of the 349,899 shares
currently owned, 75,000 shares are owned by the Kellogg-Joslyn Family
Trust of which John A. Joslyn, the sole director, officer and shareholder
of Westgate, is a trustee. Mr. Joslyn shares voting and dispositive
power over the 75,000 shares with his wife, who is also a trustee.
(c) None.
(d) None.
(e) See Item 5(b).
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Except as set forth in Item 4 of this Amendment and in the Original
Schedule 13D, there are no contracts, arrangements, understandings or
relationships between the Reporting Persons and any other person with respect to
the securities of the Issuer.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 1: Joint Filing Agreement among the Reporting Persons
Exhibit 2: Letters from each of the Reporting Persons declaring the Voting
Agreement to be null and void.
<PAGE>
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CUSIP No. 0007496121 13D Page 13 of 13 Pages
- --------------------- -------------------
SIGNATURE PAGE
After reasonable inquiry and to the best knowledge and belief of each of
the undersigned, each of the undersigned certifies that the information set
forth in this Amendment with respect to such person is true, complete and
correct.
Dated: October 28, 1998
/s/ Arnie Geller
----------------------------------------
Arnie Geller
/s/ G. Michael Harris
----------------------------------------
G. Michael Harris
WESTGATE ENTERTAINMENT CORP.
By: /s/ John A. Joslyn
-------------------------------------
John A. Joslyn, President
/s/ Anne A. Hill
----------------------------------------
Anne A. Hill
/s/ Shirley A. Hill
----------------------------------------
Shirley A. Hill
/s/ James A. Hill
----------------------------------------
James A. Hill
/s/ D. Michael Harris
----------------------------------------
D. Michael Harris
<PAGE>
- ---------------------
CUSIP No. 0007496121 13D
- ---------------------
Exhibit 7.1
JOINT FILING AGREEMENT
The undersigned acknowledge and agree that the foregoing Amendment No. 1 to
Schedule 13D is filed on behalf of each of the undersigned and that all
subsequent amendments thereto may be filed on behalf of each of the undersigned
without the necessity of filing additional joint filing agreements. The
undersigned acknowledge that each shall be responsible for the timely filing of
such amendments and for the completeness and accuracy of the information
concerning such person contained herein, but shall not be responsible for the
completeness and accuracy concerning the other signatories, except to the extent
that such person knows or has reason to believe that such information is
inaccurate.
Dated: October 28, 1998
/s/ Arnie Geller
----------------------------------------
Arnie Geller
/s/ G. Michael Harris
----------------------------------------
G. Michael Harris
WESTGATE ENTERTAINMENT CORP.
By: /s/ John A. Joslyn
-------------------------------------
John A. Joslyn, President
/s/ Anne A. Hill
----------------------------------------
Anne A. Hill
/s/ Shirley A. Hill
----------------------------------------
Shirley A. Hill
/s/ James A. Hill
----------------------------------------
James A. Hill
/s/ D. Michael Harris
----------------------------------------
D. Michael Harris
<PAGE>
Exhibit 7.2
ARNIE GELLER
October 21, 1998
George Tulloch (212) 482-1912
Allan H. Carlin (212) 482-1912
Kurt Hothorn (203) 531-4657
Diane Carlin (212) 482-1912
D. Michael Harris (813) 254-2047
G. Michael Harris (727) 585-6078
Cheryl Hothorn (203) 531-4657
Anne A. Hill (404) 262-7224
Shirley A. Hill (404) 262-7224
James A. Hill (404) 262-7224
Titanic Ventures Limited Partnership (212) 482-1912
Westgate Entertainment Corp. (818) 238-0016
Dear Fellow Shareholders:
I am writing to inform each of you that I am no longer to be considered bound by
the terms of the Voting Agreement of August 22, 1997 and any amendment of it or
any successor agreement. Furthermore, any proxy (including the one dated March
1,1997 in favor of George Tulloch) or consent which I may have granted in
connection with the Voting Agreement or otherwise is hereby revoked and is null
and void. I have come to this difficult conclusion based upon, among other
reasons, a complete lack or failure of consideration for my entering into the
Voting Agreement.
As specifically stated in Item 4 of the Schedule 13D filed with the Securities
and Exchange Commission in regard to the Voting Agreement, the purpose of the
Voting Agreement was to assure the service of a qualified, competent Board of
Directors of RMS Titantic, Inc. As you are each aware, this purpose, which was
the consideration for each party to enter into the Voting Agreement, has not
been satisfied. The complete lack and failure of consideration for
<PAGE>
October 21, 1998
Page 2
the Voting Agreement results from the failure of George Tulloch and Allan Carlin
to file with the Securities and Exchange Commission and distribute to the
corporation's shareholders, as required by agreement and law, any Information
Statement which is a prerequisite to the implementation of a qualified,
competent Board that will help ensure shareholder value.
Further, I believe that the Voting Agreement and any proxy which each of you has
granted thereunder are also unenforceable against each of you and that the
Voting Agreement is not in effect. You may each come to your own separate
conclusion on this point.
In furtherance of the foregoing and as a result of my concerns regarding
potential liability as a director designee and my belief the corporation is
failing to conduct its administrative duties in a lawful fashion, I am
withdrawing as a nominee to serve on the Board of Directors. I also intend to
file with the Securities and Exchange Commission an amendment to the Schedule
13D to the effect of all of the foregoing.
While it is a great personal disappointment to me that events have gotten to
this point, I feel that I have no other alternative but to take this action.
Thank you for your attention to this matter.
Very truly yours,
/s/ Arnie Geller
- ------------------------------
Arnie Geller
<PAGE>
G. MICHAEL HARRIS
October 23, 1998
George Tulloch (212) 482-1912
Allan H. Carlin (212) 482-1912
Kurt Hothorn (203) 531-4657
Diane Carlin (212) 482-1912
D. Michael Harris (813) 254-2047
Arnie Geller (404) 262-7228
Cheryl Hothorn (203) 531-4657
Anne A. Hill (404) 262-7224
Shirley A. Hill (404) 262-7224
James A. Hill (404) 262-7224
Titanic Ventures Limited Partnership (212) 482-1912
Westgate Entertainment Corp. (818) 238-0016
Dear Fellow Shareholders:
I am in receipt of Arnie Geller's letter of October 21,1998 regarding the Voting
Agreement of August 22, 1997. In connection with such letter, I am hereby
writing to confirm that I am in agreement with Arnie's conclusions and to inform
each of you that I am no longer to be considered bound by the terms of the
Voting Agreement of August 22, 1997 and any amendment of it or any successor
agreement. Furthermore, any proxy or consent which I may have granted in
connection with the Voting Agreement or otherwise is hereby revoked and is null
and void.
In furtherance of the foregoing and as a result of my own concerns regarding
potential liability as a director designee and my belief that the corporation is
failing to conduct its administrative duties in a lawful fashion, I wish to
re-confirm my withdrawal as a nominee to serve on the Board of Directors as set
out in my prior correspondence to George Tulloch. I also intend to
<PAGE>
October 23, 1998
Page
file with the Securities and Exchange Commission an amendment to the Schedule
13D to the effect of all of the foregoing.
Thank you for your attention to this matter.
Very truly yours,
/s/ G. Michael Harris
- -----------------------------
G. Michael Harris
<PAGE>
D. MICHAEL HARRIS
October 23, 1998
George Tulloch (212) 482-1912
Allan H. Carlin (212) 482-1912
Kurt Hothorn (203) 531-4657
Diane Carlin (212) 482-1912
G. Michael Harris (727) 585-6078
Arnie Geller (404) 262-7228
Cheryl Hothorn (203) 531-4657
Anne A. Hill (404) 262-7224
Shirley A. Hill (404) 262-7224
James A. Hill (404) 262-7224
Titanic Ventures Limited Partnership (212) 482-1912
Westgate Entertainment Corp. (818) 238-0016
Dear Fellow Shareholders:
I am in receipt of Arnie Geller's letter of October 21,1998 regarding the Voting
Agreement of August 22, 1997. In connection with such letter, I am hereby
writing to confirm that I am in agreement with Arnie's conclusions and to inform
each of you that I am no longer to be considered bound by the terms of the
Voting Agreement of August 22, 1997 and any amendment of it or any successor
agreement. Furthermore, any proxy or consent which I may have granted in
connection with the Voting Agreement or otherwise is hereby revoked and is null
and void. I also intend to file with the Securities and Exchange Commission an
amendment to the Schedule 13D to the effect of all of the foregoing.
Thank you for your attention to this matter.
Very truly yours,
/s/ D. Michael Harris
- ------------------------------
D. Michael Harris
<PAGE>
ANNE HILL
October 23, 1998
George Tulloch (212) 482-1912
Allan H. Carlin (212) 482-1912
Kurt Hothorn (203) 531-4657
Diane Carlin (212) 482-1912
D. Michael Harris (813) 254-2047
G. Michael Harris (727) 585-6078
Arnie Geller (404) 262-7228
Cheryl Hothorn (203) 531-4657
Shirley A. Hill (404) 262-7224
James A. Hill (404) 262-7224
Titanic Ventures Limited Partnership (212) 482-1912
Westgate Entertainment Corp. (818) 238-0016
Dear Fellow Shareholders:
I am in receipt of Arnie Geller's letter of October 21,1998 regarding the Voting
Agreement of August 22, 1997. In connection with such letter, I am hereby
writing to confirm that I am in agreement with Arnie's conclusions and to inform
each of you that I am no longer to be considered bound by the terms of the
Voting Agreement of August 22, 1997 and any amendment of it or any successor
agreement. Furthermore, any proxy or consent which I may have granted in
connection with the Voting Agreement or otherwise is hereby revoked and is null
and void. I also intend to file with the Securities and Exchange Commission an
amendment to the Schedule 13D to the effect of all of the foregoing.
Thank you for your attention to this matter.
Very truly yours,
/s/ Anne Hill
- ---------------------------
Anne Hill
<PAGE>
SHIRLEY A. HILL
October 23, 1998
George Tulloch (212) 482-1912
Allan H. Carlin (212) 482-1912
Kurt Hothorn (203) 531-4657
Diane Carlin (212) 482-1912
D. Michael Harris (813) 254-2047
G. Michael Harris (727) 585-6078
Arnie Geller (770) 541-0720
Cheryl Hothorn (203) 531-4657
Anne A. Hill (404) 262-7224
James A. Hill (404) 262-7224
Titanic Ventures Limited Partnership (212) 482-1912
Westgate Entertainment Corp. (818) 238-0016
Dear Fellow Shareholders:
I am in receipt of Arnie Geller's letter of October 21,1998 regarding the Voting
Agreement of August 22, 1997. In connection with such letter, I am hereby
writing to confirm that I am in agreement with Arnie's conclusions and to inform
each of you that I am no longer to be considered bound by the terms of the
Voting Agreement of August 22, 1997 and any amendment of it or any successor
agreement. Furthermore, any proxy or consent which I may have granted in
connection with the Voting Agreement or otherwise is hereby revoked and is null
and void. I also intend to file with the Securities and Exchange Commission an
amendment to the Schedule 13D to the effect of all of the foregoing.
Thank you for your attention to this matter.
Very truly yours,
/s/ Shirley A. Hill
- ----------------------------
Shirley A. Hill
<PAGE>
JAMES A. HILL
October 23, 1998
George Tulloch (212) 482-1912
Allan H. Carlin (212) 482-1912
Kurt Hothorn (203) 531-4657
Diane Carlin (212) 482-1912
D. Michael Harris (813) 254-2047
G. Michael Harris (727) 585-6078
Arnie Geller (404) 262-7228
Cheryl Hothorn (203) 531-4657
Anne A. Hill (404) 262-7224
Shirley A. Hill (404) 262-7224
Titanic Ventures Limited Partnership (212) 482-1912
Westgate Entertainment Corp. (818) 238-0016
Dear Fellow Shareholders:
I am in receipt of Arnie Geller's letter of October 21,1998 regarding the Voting
Agreement of August 22, 1997. In connection with such letter, I am hereby
writing to confirm that I am in agreement with Arnie's conclusions and to inform
each of you that I am no longer to be considered bound by the terms of the
Voting Agreement of August 22, 1997 and any amendment of it or any successor
agreement. Furthermore, any proxy or consent which I may have granted in
connection with the Voting Agreement or otherwise is hereby revoked and is null
and void. I also intend to file with the Securities and Exchange Commission an
amendment to the Schedule 13D to the effect of all of the foregoing.
Thank you for your attention to this matter.
Very truly yours,
/s/ James A. Hill
- -----------------------------
James A. Hill
<PAGE>
WESTGATE ENTERTAINMENT CORP.
October 23, 1998
George Tulloch (212) 482-1912
Allan H. Carlin (212) 482-1912
Kurt Hothorn (203) 531-4657
Diane Carlin (212) 482-1912
D. Michael Harris (813) 254-2047
G. Michael Harris (727) 585-6078
Arnie Geller (404) 262-7228
Cheryl Hothorn (203) 531-4657
Anne A. Hill (404) 262-7224
Shirley A. Hill (404) 262-7224
James A. Hill (404) 262-7224
Titanic Ventures Limited Partnership (212) 482-1912
Dear Fellow Shareholders:
We are in receipt of Arnie Geller's letter of October 21,1998 regarding the
Voting Agreement of August 22, 1997. In connection with such letter, we are
hereby writing to confirm that I am in agreement with Arnie's conclusions and to
inform each of you that we are no longer to be considered bound by the terms of
the Voting Agreement of August 22, 1997 and any amendment of it or any successor
agreement. Furthermore, any proxy or consent which we may have granted in
connection with the Voting Agreement or otherwise is hereby revoked and is null
and void. We also intend to file with the Securities and Exchange Commission an
amendment to the Schedule 13D to the effect of all of the foregoing.
Thank you for your attention to this matter.
Very truly yours,
Westgate Entertainment Corp.
By: /s/ John Joslyn
----------------------------
John Joslyn
