SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(AMENDMENT NO. 3)
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Cyrk, Inc.
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(Name of Issuer)
Common Stock, $.01 par value
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(Title of Class of Securities)
232817 10 6
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(CUSIP Number)
Gregory P. Shlopak
c/o Rockport Equity Management
63 Main Street
Gloucester, Massachusetts 01930
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
Copies to:
Victor J. Paci, Esq.
Bingham Dana LLP
150 Federal Street
Boston, Massachusetts 02110
March 3, 2000
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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 that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [ ].
Note: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Section 240.13d-7(b)
for other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 5 Pages)
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*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 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>
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CUSIP NO. 232817 10 6 13D PAGE 2 OF 5 PAGES
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1. NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Gregory P. Shlopak
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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
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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
US
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7. SOLE VOTING POWER
1,064,900*
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NUMBER OF 8. SHARED VOTING POWER
SHARES
BENEFICIALLY 4,809,879*
OWNED BY ---------------------------------------------------------
EACH 9. SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 1,064,900*
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10. SHARED DISPOSITIVE POWER
4,809,879*
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,064,900*
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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)
6.7% (Based on the number of shares of Cyrk, Inc. common stock reported
as being outstanding in Cyrk, Inc.'s Annual Report on Form 10-K for the year
ending December 31, 1999)
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14. TYPE OF REPORTING PERSON
IN
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<PAGE>
* Pursuant to the Voting Agreement described in Item 6 of the Schedule 13D
(as amended and restated by Amendment No. 1 thereto, and as further
amended by Amendment No. 2 thereto, as so amended the "SCHEDULE 13D"), a
copy of which is filed with Amendment No.2 to the Schedule 13D, certain
shareholders of the Company, including the Reporting Person, are required,
in specified circumstances, to vote all of the shares of the Company's
Common Stock held by each such shareholder in favor of the Securities
Purchase Agreement, dated as of September 1, 1999, by and between the
Company and Overseas Toys, L.P., a Delaware limited partnership ("OVERSEAS
TOYS"), and the designees of Overseas Toys for election to the Board of
Directors of the Company. Accordingly, the Reporting Person may be deemed
to be part of a "group" with such shareholders and have voting power over
4,809,879 shares of Common Stock (or approximately 30.5% of the Company's
Common Stock, based on the number of shares of Common Stock reported as
being outstanding in the Company's Annual Report on Form 10-K for the year
ending December 31, 1999, and the number of shares of common stock
reported as beneficially owned by the parties to the Voting Agreement on
their most recent respective Schedule 13D). In addition, disposition of
certain of the shares of Common Stock owned by the Reporting Person is
restricted under certain circumstances by the Voting Agreement.
Accordingly, Overseas Toys may be deemed to have shared dispositive power
over the shares of Common Stock owned by the Reporting Person.
The Reporting Person expressly disclaims beneficial ownership of any
shares of Common Stock except the 1,064,900 shares with respect to which he
possesses sole or shared dispositive power.
<PAGE>
This Statement relates to the Schedule 13D filed by Gregory P. Shlopak
with regard to beneficial ownership of common stock, par value $.01 per share
(the "COMMON STOCK"), of Cyrk, Inc. (the "COMPANY") and constitutes Amendment
No. 3 thereto. Terms used herein and not otherwise defined have the meaning set
forth in the Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 is hereby amended and restated in its entirety to read as follows:
(a) The Reporting Person is the beneficial owner of 1,064,900 shares of
Common Stock of which 84,401 of such shares are held by a private charitable
foundation which the Reporting Person, as trustee, has sole voting and
dispositive power. The 1,064,900 shares beneficially held by the Reporting
Person represent approximately 6.7 % of the issued and outstanding shares of
Common Stock (Based on the number of shares of Cyrk, Inc. common stock reported
as being outstanding in Cyrk, Inc.'s Annual Report on Form 10-K for the year
ending December 31, 1999).
(b) The Reporting Person has sole power to vote 1,064,900 shares of Common
Stock. The Reporting Person does not have shared power to vote any shares of
Common Stock.
(c) On March 2, 2000, the Reporting Person sold 41,000 shares of the
Common Stock of the issuer, at a price of $9.2438 per share, on March 3, 2000
the Reporting Person sold 9,000 shares of Common Stock of the issuer at a price
of $9.875 per share, and on March 16, 2000 the Reporting Person sold an
additional 50,000 shares of Common Stock of the issuer at a price of $9.0001
per share. All three transactions were accomplished through a brokerage
account.
(d) No other person is known to have the right to receive or direct the
receipt of dividends from, or proceeds from the sale of, any of the Common
Stock beneficially owned by the reporting person.
(e) Not applicable
<PAGE>
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: May 31, 2000
/s/ Gregory P. Shlopak
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Gregory P. Shlopak
