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Previous: MANAGEMENT TECHNOLOGIES INC, 10QSB/A, 1996-11-22 |
Next: MITEK SYSTEMS INC, 424B4, 1996-11-22 |
Pursuant to Rule
424(b)(3)
File No. 33-53519
PROSPECTUS SUPPLEMENT NO. 7 TO PROSPECTUS DATED JULY 13, 1995
$65,000,000
3,772,317 Shares
AUDIOVOX CORPORATION
6 1/4% CONVERTIBLE SUBORDINATED DEBENTURES DUE 2001
(Interest payable March 15 and September 15)
Class A Common Stock, par value $.01 per share
------------------------
The Prospectus dated July 13, 1995, as amended, is hereby
supplemented as follows to restate, in its entirety, the "Selling
Securityholders" section on page 22 of the Prospectus:
SELLING SECURITYHOLDERS
The Debentures were issued by the Company to the Initial
Purchasers on March 15, 1994 pursuant to a private placement,
and, except as set forth below, were acquired by the Selling
Securityholders offering Debentures hereby in connection with
resale transactions with the Initial Purchasers pursuant to Rule
144A and Regulation S under the Securities Act or from other
holders acquiring such Debentures from prior holders thereof. In
the case of Oppenheimer & Co., Inc., the Debentures were acquired
from both the Company and third parties in the market. The
following table sets forth information concerning the principal
amount of Debentures beneficially owned by each Selling
Securityholder which may be offered from time to time pursuant to
this Prospectus. Other than as a result of the ownership of
Debentures or Class A Common Stock, none of the Selling
Securityholders has had any material relationship with the
Company within the past three years. The table has been prepared
based upon information furnished to the Company by the Trustee
for the Debentures, by The Depository Trust Company and by or on
behalf of the Selling Securityholders.
<TABLE>
<CAPTION>
Principal Principal
Amount of Amount of Percent
Debentures Debentures of
Beneficially that May be Outstanding
Name Owned ($) Sold ($) Debentures
<S> <C> <C> <C>
SC Fundamental Value Fund, 12,067,000 12,067,000 18.6
L.P.
SC Fundamental Value BVI, Ltd. 7,458,000 7,458,000 11.5
Oppenheimer & Co., Inc. 6,265,000 6,265,000 9.6
Donaldson, Lufkin & Jenrette 3,590,000 3,590,000 5.5
Commonwealth Life Ins. Co. -
Stocktrac (Teamsters I) 3,200,000 3,200,000 4.9
Drouot Securite 3,000,000 3,000,000 4.6
Nap & Co. 2,625,000 2,625,000 4.0
Rochester Fund Series - The
Bond Fund for Growth 2,500,000 2,500,000 3.8
Dean Witter Convertible 2,500,000 2,500,000 3.8
Securities Trust
Offshore Strategies 1,750,000 1,750,000 2.7
TCW Convertible Securities 1,455,000 1,455,000 2.2
Fund
JMG Capital Partners, L.P. 1,400,000 1,400,000 2.2
State of Michigan Employees
Retirement Fund 1,010,000 1,010,000 1.6
Paresco, Inc. 1,000,000 1,000,000 1.5
Kellner, DiLeo & Co. 1,000,000 1,000,000 1.5
Zazove Convertible Fund, L.P. 980,000 980,000 1.5
Northman & Co. 765,000 765,000 1.2
BKP Convertible Trading, L.P. 750,000 750,000 1.2
Sage Capital 700,000 700,000 1.1
TCW Convertible Strategy Fund 660,000 660,000 1.0
Connecticut Mutual Life
Insurance Company 645,000 645,000 1.0
North Dakota State Workers 555,000 555,000 0.9
Fuelship & Co. 510,000 510,000 0.8
Blazemaster & Co. 500,000 500,000 0.8
Angelo, Gordon & Co., L.P. 500,000 500,000 0.8
Raymond James & Associates 500,000 500,000 0.8
Winchester Convertible Plus, 450,000 450,000 0.7
Ltd.
Owk & Co. 425,000 425,000 0.7
Quasar International Partners, 420,000 420,000 0.6
C.V.
Davos Partners, L.P. 420,000 420,000 0.6
TCW/DW Income and Growth Fund 405,000 405,000 0.6
North Dakota State Employees 330,000 330,000 0.5
Octant & Co. 300,000 300,000 0.5
Hare & Co. FBO Christian
Science Trustees for Gifts and 300,000 300,000 0.5
Endowments
Catholic Mutual Relief Society
Retirement Income Trust (Plan) 290,000 290,000 0.4
Catholic Mutual Relief Society
of America 260,000 260,000 0.4
Libertyview Plus Fund 250,000 250,000 0.4
Verdant Investors Group 250,000 250,000 0.4
St. Claire, L.P. 250,000 250,000 0.4
Palladin Partners 250,000 250,000 0.4
Colonial Penn Life Ins. Co. 250,000 250,000 0.4
Colonial Penn Insurance Co. 250,000 250,000 0.4
Union Bancaire Privee, CBI-TDB 250,000 250,000 0.4
Fahnestock & Co. Inc. 225,000 225,000 0.4
Voleon Shipping Corporation 200,000 200,000 0.3
Venture Income Plus 200,000 200,000 0.3
Community National Assurance 150,000 150,000 0.2
Company
Parsenn Partners Limited 80,000 80,000 0.1
SC Fundamental Inc. Employee
Profit Sharing 75,000 75,000 0.1
Adrienne Partners, L.P. 60,000 60,000 0.1
Nikolas Pappis 50,000 50,000 0.1
Khurshid Khan 50,000 50,000 0.1
Georgios Petrou 50,000 50,000 0.1
Erinyes & Co. 50,000 50,000 0.1
Bost & Co. 50,000 50,000 0.1
Edward T. Kennedy 50,000 50,000 0.1
Canadian Imperial Bank of
Commerce (Swisse) S.A. 45,000 45,000 0.1
Vasilios Leonardos 25,000 25,000 0.1
Vasilios Kalantzis 25,000 25,000 -
Georgios Nikolopoulos 25,000 25,000 -
Georgios Arsenis 25,000 25,000 -
Anastasios Pantos 25,000 25,000 -
Richcourt & Strategies, Inc. 20,000 20,000 -
Potoula Kosteas 20,000 20,000 -
Zazove Aggressive Growth Fund, 20,000 20,000 -
L.P.
Emanouil Papadogiannakis 15,000 15,000 -
Kathryn Scherz Trust 10,000 10,000 -
Ioannis Rozakos 10,000 10,000 -
Georgios Papagounos 10,000 10,000 -
Other Selling Securityholders 200,000 200,000 0.3
-------- ---------- ------
Total 65,000,000 65,000,000 100.0
</TABLE>
Information concerning the Selling Securityholders may
change from time to time and will be set forth in Supplements to
this Prospectus. As of the date of this Prospectus, the
aggregate principal amount of Debentures outstanding is
$65,000,000.
Because the Selling Securityholders may offer all or some of
the Debentures and shares of Class A Common Stock issued upon
conversion thereof pursuant to the offering contemplated by this
Prospectus, and because there are currently no agreements,
arrangements or understandings with respect to the sale of any of
the Debentures or shares of Class A Common Stock that will be
held by the Selling Securityholders after this offering, no
estimate can be given as to the principal amount of Debentures or
shares of Class A Common Stock that will be held by the Selling
Securityholders after completion of this offering. See "Plan of
Distribution."
As of the date of this Prospectus, the Company is offering
to exchange 165 shares of the Class A Common Stock for each
$1,000 aggregate principal amount of the outstanding Debentures.
The offer expires 5:00 p.m., New York City time, on Monday,
November 25, 1996. More information regarding the exchange
offer can be obtained in a Schedule 13E-4 filed by the Company
on October 18, 1996, as amended.
--------------------------
The date of this Prospectus Supplement No. 7
is November 22, 1996.
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