SYNETIC INC
POS AM, 1995-02-15
DRUG STORES AND PROPRIETARY STORES
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<PAGE>
 
   As filed with the Securities and Exchange Commission on February 15, 1995

                                             REGISTRATION STATEMENT NO. 33-88814

================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549

                             ---------------------

                                 POST-EFFECTIVE
                                AMENDMENT NO. 1
                                       TO

                                    FORM S-3
                             REGISTRATION STATEMENT
                                     UNDER
                           THE SECURITIES ACT OF 1933

                          ----------------------------

                                 SYNETIC, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)


           DELAWARE                                       22-2975182
  (STATE OR OTHER JURISDICTION                         (I.R.S. EMPLOYER
OF INCORPORATION OR ORGANIZATION)                     IDENTIFICATION NO.)


                                669 RIVER DRIVE
                        ELMWOOD PARK, NEW JERSEY  07407
                                 (201) 703-3400
  (ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF
                   REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)
                                        

                               VICTOR L. MARRERO
                            VICE PRESIDENT--FINANCE
                                 SYNETIC, INC.
                                669 RIVER DRIVE
                        ELMWOOD PARK, NEW JERSEY  07407
                                 (201) 703-3400
 (NAME, ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE,
                             OF AGENT FOR SERVICE)

                     -------------------------------------

                                   COPIES TO:


              MARK KESSEL, ESQ.                ALAN JAKIMO, ESQ.
             SHEARMAN & STERLING                 BROWN & WOOD
             599 LEXINGTON AVENUE           ONE WORLD TRADE CENTER
            NEW YORK, N.Y.  10022            NEW YORK, N.Y.  10048
               (212) 848-4000                   (212) 839-5300
<PAGE>
 
                   INFORMATION REGARDING CALL FOR REDEMPTION
                            AND STANDBY ARRANGEMENTS


     This Post-Effective Amendment No. 1 to Registration Statement 33-88814 (the
"Registration Statement") is filed in accordance with the undertakings of
Synetic, Inc. (the "Company") contained in Item 17 to the Registration
Statement.  The purpose of this Post-Effective Amendment No. 1 is to deregister
the 1,000,000 shares of Common Stock, $.01 par value ("Common Stock") of the
Company registered pursuant to such Registration Statement.

     Through February 10, 1995, the Conversion Expiration Date, holders of
$79,104,000 aggregate principal amount of the Company's 7% Convertible
Subordinated Debentures Due 2001 (the "Debentures") surrendered their shares for
conversion into approximately 3,877,000 shares of Common Stock.  The remaining
$1,396,000 aggregate principal amount of Debentures were redeemed by the
Company.  The Purchasers named in the Registration Statement, Smith Barney Inc.
and PaineWebber Incorporated, did not purchase any shares of Common Stock
pursuant to the Standby Agreement nor did they acquire any Debentures that were
surrendered for conversion.  The Purchasers' obligations to purchase shares
pursuant to the Standby Agreement have terminated, and no offer or sale to the
public of any shares to which the Registration Statement related will be made by
any of the Purchasers therein.  Accordingly, this Post-Effective Amendment No. 1
is filed to deregister the 1,000,000 shares of Common Stock registered pursuant
to the Registration Statement.
<PAGE>
 
                                   SIGNATURES

     Pursuant to the requirements of the Securities Act of 1933, the registrant,
Synetic, Inc., a corporation organized and existing under the laws of the State
of Delaware, certifies that it has reasonable grounds to believe that it meets
all the requirements for filing on Form S-3 and has duly caused this Post-
Effective Amendment No. 1 to the Registration Statement to be signed on its
behalf by the undersigned, thereupon duly authorized, in the Borough of Elmwood
Park, State of New Jersey, on the 15th day of February, 1995.

                                    Synetic, Inc.


                                    By:     /s/ James V. Manning
                                        ------------------------------
                                               James V. Manning
                                           Chief Executive Officer
 
     Pursuant to the requirements of the Securities Act of 1933, this Post-
Effective Amendment No. 1 has been signed below by the following persons in the
capacities and on the dates indicated:

<TABLE>
<CAPTION>
 
             Signature                             Title                      Date
             ---------                             -----                      ----
<S>                                   <C>                               <C>
                 *                    Chief Executive Officer;          February 15, 1995
- ------------------------------------  Director                         
          James V. Manning                                             
                                                                       
                 *                    President and Chief               February 15, 1995
- ------------------------------------  Operating Officer; Director      
           Paul C. Suthern                                             
                                                                       
                 *                    Vice President--Technologies      February 15, 1995
- ------------------------------------  Group; Director                  
            Ray E. Hannah                                              
                                                                       
                 *                    Vice President--Finance           February 15, 1995
- ------------------------------------  (Principal Accounting and        
          Victor L. Marrero           Financial Officer)               
                                                                       
                 *                    Director                          February 15, 1995
- ------------------------------------                                   
         Thomas R. Ferguson                                            
                                                                       
                 *                    Director                          February 15, 1995
- ------------------------------------                                   
        Mervyn L. Goldstein                                            
                                                                       
                 *                    Director                          February 15, 1995
- ------------------------------------                                   
          Roger H. Licht                                               
                                                                       
                 *                    Director                          February 15, 1995
- ------------------------------------                                   
        Per G. H. Lofberg                                              
                                                                       
                 *                    Director                          February 15, 1995
- ------------------------------------                                   
         Charles A. Mele                                               
                                                                       
                 *                    Director                          February 15, 1995
- ------------------------------------                                   
        Herman Sarkowsky                                               
                                                                       
                 *                    Director                          February 15, 1995
- ------------------------------------                                   
         Albert M. Weis                                                
                                                                       
                 *                    Chairman of the                   February 15, 1995
- ------------------------------------  Board; Director
         Martin J. Wygod
 
 
 
*By      /s/ James V. Manning
   ---------------------------------
           James V. Manning
           Attorney-in-fact
</TABLE>

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