<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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. 2)(1)
DATA BROADCASTING CORPORATION
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $ .01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
237596101
--------------------------------------------------------------------------------
(CUSIP Number)
Philip Hoffman
c/o Pearson Inc.
1330 Avenue of the Americas, 7th Floor
New York, New York 10019
(212) 641-2421
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
With Copies To:
Howard A. Kenny, Esq.
Morgan, Lewis & Bockius LLP
101 Park Avenue
New York, New York 10178
(212) 309-6000
December 27, 2000
--------------------------------------------------------------------------------
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13D
to report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Rule 13d-1(e), 13d-1(f) or 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 Rule 13d-7(b) for
other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 19 Pages)
----------
(1) 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>
<TABLE>
<CAPTION>
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CUSIP No. 237596101 13D Page 2 of 19 Pages
------------ -- ---
------------------------------------------------ ----------------- ------------------------------------------------
<S> <C> <C>
------------ ------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
PEARSON PLC EIN:
------------ ------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
------------ ------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ ------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
------------ ------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) / /
------------ ------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
ENGLAND & WALES
---------------------- ------- ------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SEE ITEM 5 OF ATTACHED SCHEDULE
SHARES ------- ------------------------------------------------------------------------------------
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER*
EACH
REPORTING 0
PERSON WITH ------- ------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
SEE ITEM 5 OF ATTACHED SCHEDULE
------- ------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
---------------------- ------- ------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 5 OF ATTACHED SCHEDULE
------------ ------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
------------ ------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
SEE ITEM 5 OF ATTACHED SCHEDULE
------------ ------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
------------ ------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-2-
<PAGE>
<TABLE>
<CAPTION>
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CUSIP No. 237596101 13D Page 3 of 19 Pages
---------- -- ---
------------------------------------------------ ----------------- ------------------------------------------------
<S> <C> <C>
------------ ------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
PEARSON OVERSEAS HOLDINGS LTD. EIN:
------------ ------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
------------ ------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ ------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
------------ ------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) / /
------------ ------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
ENGLAND & WALES
---------------------- ------- ------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SEE ITEM 5 OF ATTACHED SCHEDULE
SHARES ------- ------------------------------------------------------------------------------------
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON WITH ------- ------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
SEE ITEM 5 OF ATTACHED SCHEDULE
------- ------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
---------------------- ------- ------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 5 OF ATTACHED SCHEDULE
------------ ------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
------------ ------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
SEE ITEM 5 OF ATTACHED SCHEDULE
------------ ------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
------------ ------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-3-
<PAGE>
<TABLE>
<CAPTION>
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CUSIP No. 237596101 13D Page 4 of 19 Pages
---------- -- ---
-------------------------------------------- ---------------- -----------------------------------------------------
<S> <C> <C>
------------ ------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
PEARSON NETHERLANDS B.V. EIN:
------------ ------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
------------ ------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ ------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
------------ ------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) / /
------------ ------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
NETHERLANDS
---------------------- ------- ------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SEE ITEM 5 OF ATTACHED SCHEDULE
SHARES ------- ------------------------------------------------------------------------------------
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON WITH ------- ------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
SEE ITEM 5 OF ATTACHED SCHEDULE
------- ------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
---------------------- ------- ------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 5 OF ATTACHED SCHEDULE
------------ ------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
------------ ------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
SEE ITEM 5 OF ATTACHED SCHEDULE
------------ ------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
------------ ------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-4-
<PAGE>
<TABLE>
<CAPTION>
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CUSIP No. 237596101 13D Page 5 of 19 Pages
---------- -- ---
-------------------------------------------- ---------------- -----------------------------------------------------
<S> <C> <C>
------------ ------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
PEARSON AG EIN:
------------ ------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
------------ ------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ ------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
------------ ------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) / /
------------ ------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
SWITZERLAND
---------------------- ------- ------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SEE ITEM 5 OF ATTACHED SCHEDULE
SHARES ------- ------------------------------------------------------------------------------------
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON WITH ------- ------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
SEE ITEM 5 OF ATTACHED SCHEDULE
------- ------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
---------------------- ------- ------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 5 OF ATTACHED SCHEDULE
------------ ------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
------------ ------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
SEE ITEM 5 OF ATTACHED SCHEDULE
------------ ------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
------------ ------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-5-
<PAGE>
<TABLE>
<CAPTION>
-------------------------------------------- ---------------- -----------------------------------------------------
CUSIP No. 237596101 13D Page 6 of 19 Pages
----------- -- ---
-------------------------------------------- ---------------- -----------------------------------------------------
<S> <C> <C>
------------ ------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
PEARSON INC. EIN: 51-0261654
------------ ------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
------------ ------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ ------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
------------ ------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) / /
------------ ------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
---------------------- ------- ------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SEE ITEM 5 OF ATTACHED SCHEDULE
SHARES ------- ------------------------------------------------------------------------------------
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON WITH ------- ------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
SEE ITEM 5 OF ATTACHED SCHEDULE
------- ------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
---------------------- ------- ------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 5 OF ATTACHED SCHEDULE
------------ ------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
------------ ------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
SEE ITEM 5 OF ATTACHED SCHEDULE
------------ ------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
------------ ------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-6-
<PAGE>
<TABLE>
<CAPTION>
-------------------------------------------- ---------------- -----------------------------------------------------
CUSIP No. 237596101 13D Page 7 of 19 Pages
------------ -- ---
-------------------------------------------- ---------------- -----------------------------------------------------
<S> <C> <C>
------------ ------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
PEARSON LONGMAN, INC. EIN: 13-2971110
------------ ------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
------------ ------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ ------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
------------ ------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) / /
------------ ------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
---------------------- ------- ------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF SEE ITEM 5 OF ATTACHED SCHEDULE
SHARES ------- ------------------------------------------------------------------------------------
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON WITH ------- ------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
SEE ITEM 5 OF ATTACHED SCHEDULE
------- ------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
---------------------- ------- ------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
SEE ITEM 5 OF ATTACHED SCHEDULE.
------------ ------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
------------ ------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
SEE ITEM 5 OF ATTACHED SCHEDULE
------------ ------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
------------ ------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-7-
<PAGE>
<TABLE>
<CAPTION>
-------------------------------------------- ---------------- -----------------------------------------------------
CUSIP No. 237596101 13D Page 8 of 19 Pages
------------ -- ---
-------------------------------------------- ---------------- -----------------------------------------------------
<S> <C> <C>
------------ ------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
PEARSON DBC HOLDINGS INC. EIN: 13-4149604
------------ ------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
------------ ------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------ ------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
NOT APPLICABLE
------------ ------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) / /
------------ ------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
---------------------- ------- ------------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 56,424,056
SHARES ------- ------------------------------------------------------------------------------------
BENEFICIALLY
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON WITH ------- ------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
56,424,056
------- ------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
------------ ------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
56,424,056
------------ ------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* / /
------------ ------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
61.7%
------------ ------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
------------ ------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTIONS BEFORE FILLING OUT!
-8-
<PAGE>
ITEM 1. SECURITY AND ISSUER
This Amendment No.2 ("Amendment No.2") to the Statement on Schedule
13D, originally filed on November 24, 1999 (the "Original Statement," as amended
by Amendment No.1, filed on March 9, 2000 ("Amendment No.1"), and as so amended,
the "Statement"), with respect to the common stock, par value $.01 per share
("Common Stock") of Data Broadcasting Corporation, a Delaware corporation (the
"Company"), amends Items 2, 3, 4, 5, 6, and 7 and Schedule B of the Statement.
The principal executive office of the Company is 22 Crosby Drive, Bedford, MA
01730. Information given in response to each item shall be deemed incorporated
by reference in all other items. Capitalized terms used but not defined in this
Amendment No. 2 shall have the respective meanings ascribed to them in the
Statement.
ITEM 2. IDENTITY AND BACKGROUND
Item 2 as set forth in the Statement is amended by the replacement of
paragraph (a) with the following:
(a) This Statement is being filed by each of the following persons
pursuant to Rule 13d-2(a) promulgated by the Securities and Exchange Commission
(the "Commission"): (i) Pearson plc, a corporation organized under the laws of
England & Wales ("Pearson"); (ii) Pearson Overseas Holdings Ltd., a corporation
organized under the laws of England & Wales ("Pearson Overseas"); (iii) Pearson
Netherlands B.V., a corporation organized under the laws of the Netherlands
("Pearson Netherlands"); (iv) Pearson AG, a corporation organized under the laws
of Switzerland ("Pearson AG"); (v) Pearson Inc., a corporation organized under
the laws of Delaware ("Pearson Inc."); (vi) Pearson Longman, Inc., a corporation
organized under the laws of Delaware ("Pearson Longman"); and (vii) Pearson DBC
Holdings Inc. ("DBC Holdings") and, collectively with Pearson, Pearson Overseas,
Pearson Netherlands, Pearson AG, Pearson Inc. and Pearson Longman, the
"Reporting Persons"). Pearson Holdings Inc., a corporation organized under the
laws of Delaware, a reporting person on the filing of the Original Statement
and Amendment No.1, is no longer a controlling person of the Company and,
therefore, is no longer a reporting person for purposes of this Statement.
Pearson is an international media company which is the majority
stockholder of Pearson Overseas. Pearson Overseas is an investment holding
company which owns 100% of Pearson Netherlands. Pearson Netherlands is a holding
company which owns 100% of Pearson AG. Pearson AG is a holding company which is
the majority stockholder of Pearson Inc. Pearson Inc. is a holding company which
owns 100% of Pearson Longman. Pearson Longman is a holding company which owns
100% of DBC Holdings. DBC Holdings is a holding company which owns approximately
61% of the Company.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 as set forth in the Statement is amended and restated to read in
its entirety as follows:
Not Applicable.
-9-
<PAGE>
ITEM 4. PURPOSES OF TRANSACTIONS
Item 4 as set forth in the Statement is amended and restated to read in
its entirety as:
On November 14, 1999, the Company, Pearson Longman, Detective
Merger-Sub, Inc., a wholly-owned subsidiary of the Company (the "Merger-Sub"),
and Interactive Data Corporation, a corporation organized under the laws of
Delaware ("Interactive"), and on such date a wholly owned subsidiary of Pearson
Longman, entered into the Agreement and Plan of Merger (as amended by Amendment
No.1 to the Agreement and Plan of Merger, dated as of January 10, 2000, the
"Merger Agreement"), a copy of which has been filed as an exhibit to Amendment
No. 1. The Merger Agreement provided, among other things, for the merger of
Merger-Sub with and into Interactive (the "Merger"), with Interactive to be the
surviving corporation and a wholly-owned subsidiary of the Company following the
Merger. Upon the effectiveness of the Merger (the "Effective Time"), each issued
and outstanding share of capital stock of Merger-Sub was converted into and
became one fully paid and non-assessable share of common stock of Interactive.
Further, upon the Merger, the issued and outstanding shares of capital stock of
Interactive were converted into 56,423,949 shares of the Company which, when
added to the 107 additional shares of the Company owned by Pearson Longman,
resulted in the ownership by Pearson Longman, the previous owner of 100% of
Interactive, of approximately 61% of the Company.
Pursuant to the Merger Agreement, the Company agreed (i) to cause the
shares of Common Stock to be received by Pearson Longman in the Merger to be
approved for listing on the NASDAQ National Market, (ii) if necessary, to
promptly make an appropriate filing with the National Association of Securities
Dealers, Inc. regarding the change of control of DBC Securities, Inc. and to
file any required notices with, and obtain any required approvals from, state
securities regulators in connection with such change of control and (iii) to
increase the size of the board of directors of the Company to consist of ten
directors, including (A) Allan R. Tessler, Alan J. Hirschfield and Carl
Spielvogel and (B) seven directors designated by Pearson Longman. Messrs. Robert
Berkley, Stuart Clark, John Fallon, Donald Greenberg, Stephen Hill, Philip
Hoffman and John Makinson were designated by Pearson Longman to serve as members
of the board of directors of the Company. As of October 23, 2000, Messrs.
Berkley and Makinson have resigned as directors of the Company. As of such date,
Gloria Samuels and Giles Spackman have been elected as directors of the Company
and have replaced Messrs. Berkley and Makinson. Prior to December 14, 2000, Mr.
Spielvogel resigned as a director of the Company.
In connection with the Merger, the Company filed an Amended and
Restated Certificate of Incorporation to increase the number of authorized
shares of Common Stock from 75,000,000 shares to 200,000,000 shares.
In connection with the execution of the Merger Agreement, Interactive
entered into a Voting and Standstill Agreement with each of Alan J. Hirschfield
Living Trust and AFT/FGT Family Partners and Tessler Family Limited Partnership,
stockholders of the Company. These Voting and Standstill Agreements terminated
upon the Effective Time.
On December 27, 2000, Pearson Longman and DBC Holdings entered into a
Contribution Agreement (the "Contribution Agreement"), a copy of which has been
filed as an
-10-
<PAGE>
exhibit hereto. The Contribution Agreement provided for the contribution of all
of the shares of the Company owned by Pearson Longman to DBC Holdings
effective as of December 27, 2000.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 as set forth in the Statement is amended and restated to read in
its entirety as follows:
(a) DBC Holdings owns 56,424,056 shares of Common Stock, representing
approximately 61.7% of the issued and outstanding shares of Common Stock. For
purposes of Rule 13d-3 promulgated under the Exchange Act, Pearson, Pearson
Overseas, Pearson Netherlands, Pearson AG, Pearson Inc. and Pearson Longman,
which are affiliates of DBC Holdings, may be deemed to beneficially own the
shares indirectly as a result of their control relationship with DBC Holdings.
Any such beneficial ownership would represent the same sole voting and
dispositive power exercised by DBC Holdings over the shares. Each of the
Reporting Persons other than DBC Holdings disclaims beneficial ownership of the
shares.
(b) The responses of the Reporting Persons to Items (7) through (11) of
the portions of pages 2 through 8 hereto which relate to shares of Common Stock
beneficially owned are incorporated herein by reference.
(c) Except as described in the response to Item 4, there have been no
transactions in the shares of Common Stock during the past sixty days by any
Reporting Person or any other person listed on Schedule B.
(d) No person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, the
shares of Common Stock beneficially owned by DBC Holdings.
(e) Not applicable.
Except as described in this response to Item 5, none of the persons
listed on Schedule B beneficially own any shares of Common Stock.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
Item 6 as set forth in the Statement is amended by the addition of the
following at the end thereof:
Subsequent to the consummation of the contribution of the shares of the
Company to DBC Holdings pursuant to the Contribution Agreement, DBC Holdings, as
successor-in-interest to Pearson Longman, has assumed the rights and obligations
of Pearson Longman under the Registration Rights Agreement referred to in Item
6.
-11-
<PAGE>
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS
The following additional material is filed as an Exhibit to this
Amendment No. 2:
Exhibit A: Contribution Agreement, dated as of December 27, 2000, by
and between Pearson Longman, Inc. and Pearson DBC Holdings Inc.
-12-
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of
each of the undersigned, each of the undersigned certifies that the information
set forth in this statement is true, complete and correct.
Dated: January 8, 2001
Pearson plc
By: /s/ JULIA M. CASSON
------------------------------
Name: Julia M. Casson
Title: Company Secretary
Pearson Overseas Holdings Ltd.
By: /s/ STEPHEN JONES
------------------------------
Name: Stephen Jones
Title: Secretary
Pearson Netherlands B.V.
By: /s/ GEORGE F. NICOLAI
------------------------------
Name: George F. Nicolai
Title: Director
Pearson AG
By: /s/ JOSEF GRAND
------------------------------
Name: Josef Grand
Title: Director
Pearson Inc.
By: /s/ THOMAS WHARTON
-----------------------------
Name: Thomas Wharton
Title: Secretary and
Vice President of Taxation
-13-
<PAGE>
Pearson Holdings, Inc.
By: /s/ THOMAS WHARTON
------------------------------
Name: Thomas Wharton
Title: Secretary and
Vice President of Taxation
Pearson Longman, Inc.
By: /s/ WILLIAM LINCOLN
------------------------------
Name: William Lincoln
Title: President
Pearson DBC Holdings Inc.
By: /s/ WILLIAM LINCOLN
------------------------------
Name: William Lincoln
Title: President
-14-
<PAGE>
SCHEDULE A
NAME OF REPORTING PERSON ADDRESS OF THE PRINCIPAL OFFICE
------------------------ -------------------------------
Pearson 3 Burlington Gardens, London W1X 1LE, England
Pearson Overseas 3 Burlington Gardens, London W1X 1LE, England
Pearson Netherlands Media Centre, 4th Floor, Room 405, Sumatralaan
45, 1217 GP Hilversum, The Netherlands
Pearson AG Chollerstrasse 37, CH-6301 Zug, Switzerland
Pearson Inc. 1330 Avenue of the Americas, 7th Floor, New
York, New York 10019
Pearson Longman c/o Headland Digital Media, Inc., 444 Spear Street,
San Francisco, California 94105
DBC Holdings c/o Headland Digital Media, Inc., 444 Spear Street,
San Francisco, California 94105
-15-
<PAGE>
SCHEDULE B
PEARSON PLC
<TABLE>
<CAPTION>
Name Position Principal Occupation/Business Address
------------------------ -------------------------------- ------------------------------------------------------------
<S> <C> <C>
Lord Stevenson Chairman Director/Little Tufton House, 3 Dean Trench Street,
London SW1P 3HB
Marjorie M. Scardino Chief Executive Director/Pearson plc, 3 Burlington Gardens, London W1X 1LE
David C. M. Bell Executive Director Director/Pearson plc, 3 Burlington Gardens, London W1X 1LE
John C. Makinson Finance Director Finance Director/Pearson plc, 3 Burlington Gardens, London
W1X 1LE
Lord Burns Non-Executive Director Member of House of Lords/13 North Avenue, London W13 8AP
Gill M. Lewis Non-Executive Director Managing Partner/Heidrick & Struggles, 100 Picaddilly,
London W1V 9FN
Reuben Mark Non-Executive Director Chairman and Chief Executive Officer/Colgate-Palmolive Co,
300 Park Avenue, New York, NY 10022-7499
Vernon L. Sankey Non-Executive Director Director/The Cherubs, Parsonnage Lane, Farnham Common,
Bucks SL2 3NZ
Rana Talwar Non-Executive Director Director/Standard Chartered Bank PLC, 1 Aldermanbury
Square, London EC2V 7SB
Julia M. Casson Secretary Secretary/Pearson plc, 3 Burlington Gardens, London W1X
1LE
</TABLE>
-16-
<PAGE>
PEARSON OVERSEAS HOLDINGS LTD.
<TABLE>
<CAPTION>
Name Position Principal Occupation/Business Address
------------------------ -------------------------------- ------------------------------------------------------------
<S> <C> <C>
David H. Colville Director Chartered Accountant/Pearson plc, 3 Burlington Gardens,
London W1X 1LE
John C. Makinson Director Finance Director/Pearson plc, 3 Burlington Gardens, London
W1X 1LE
Peter R. Gill Director Director, Financial Operations/Pearson plc, 3 Burlington
Gardens, London W1X 1LE
Marjorie M. Scardino Director Director/Pearson plc, 3 Burlington Gardens, London W1X 1LE
Alan C. Miller Director Director/Pearson plc, 3 Burlington Gardens, London W1X 1LE
Stephen Jones Secretary Assistant Secretary/Pearson plc, 3 Burlington Gardens, London
W1X 1LE
<CAPTION>
PEARSON NETHERLANDS B.V.
Name Position Principal Occupation/Business Address
------------------------ -------------------------------- ------------------------------------------------------------
<S> <C> <C>
George F. Nicolai Director Director/MeesPierson Trust, Aert van Nesstraat 45, P.O. Box
548, 3000 AM Rotterdam
Jan Francis van der Drift Director Businessman/Leeteinde 20-22, 1151 AK Broek in Waterland, Holland
Matthieu van Sint Truiden Director Attorney/Nauta Dutilh, Postbus 7113, 1007 JC Amsterdam
David H. Colville Director Group Tax Director/Pearson plc, 3 Burlington Gardens, London
W1X 1LE
</TABLE>
-17-
<PAGE>
PEARSON AG
<TABLE>
<CAPTION>
Name Position Principal Occupation/Business Address
------------------------ -------------------------------- ------------------------------------------------------------
<S> <C> <C>
Peter R. Gill Chairman Director, Financial Operations/Pearson plc, 3 Burlington
Gardens, London W1X 1KE
Josef Grand Director Certified Public Accountant/Bundtacherstrasse 35, 8127
Forch, Switzerland
Martin Frey Member Attorney/Baker & McKenzie, Zollikerstrasse 225, Postfach
57, 8034 Zurich
Philip J. Hoffman Member Chief Executive Officer/The Learning Network Inc.,
1330 Avenue of the Americas, 7th Floor, NY 10019
<CAPTION>
PEARSON INC.
Name Position Principal Occupation/Business Address
------------------------ -------------------------------- ------------------------------------------------------------
<S> <C> <C>
Philip J. Hoffman Director, President Chief Executive Officer/The Learning Network Inc.,
1330 Avenue of the Americas, 7th Floor, NY 10019
Randall Keller Director, Executive Head of Human Resource Dept./Pearson Inc., 1330 Avenue
Vice President - Human Resources of the Americas, 7th Floor, New York, NY 10019
John C. Makinson Director Finance Director/Pearson plc, 3 Burlington Gardens,
London W1X 1LE
Thomas Wharton Director, Vice President of Vice President of Taxation/Pearson Inc., 1330 Avenue
Taxation, Secretary of the Americas, 7th Floor, New York, NY 10019
Mike Fortini Vice President Vice President of Finance/Pearson Inc., 1330 Avenue of
the Americas, 7th Floor, New York, NY 10019
Shaheda Sayed Assistant Secretary Director of Taxation/Pearson Inc., 1330 Avenue of the
Americas, 7th Floor, New York, NY 10019
Kenneth J. Lockhart Vice President of Real Estate Vice President of Real Estate/Pearson plc, 3
Burlington Gardens, London W1X 1LE
</TABLE>
-18-
<PAGE>
<TABLE>
<CAPTION>
Name Position Principal Occupation/Business Address
------------------------ -------------------------------- ------------------------------------------------------------
<S> <C> <C>
Richard Koplitz Vice President of Global Vice President of Global Purchasing/Pearson Inc., 1330
Purchasing Avenue of the Americas, 7th Floor, New York, NY 10019
Susan Costomiris Controller Controller/Pearson Inc., 1330 Avenue of the Americas,
7th Floor, New York, NY 10019
<CAPTION>
PEARSON LONGMAN, INC.
Name Position Principal Occupation/Business Address
------------------------ -------------------------------- ------------------------------------------------------------
<S> <C> <C>
William Lincoln President Vice President of Operations/Pearson Television North
America, 2700 Colorado Ave., Suite 450, Santa Monica, CA
90404
Mark Nieker Treasurer President/Headland Digital Media, Inc., 444 Spear Street,
San Francisco, CA 94105
William Cowan Assistant Secretary Attorney/Rosenthal and Schanfield, 55 East Monroe Street,
Chicago, Illinois 60603
<CAPTION>
PEARSON DBC HOLDINGS INC.
Name Position Principal Occupation/Business Address
------------------ -------------------------------- ---------------------------------------------------------------
<S> <C> <C>
William Lincoln President Vice President of Operations/Pearson Television North
America, 2700 Colorado Ave., Suite 450, Santa Monica, CA
90404
Evan Garber Secretary General Counsel and Vice President/The Learning Network, Inc. and
Headland Digital Media, Inc., 575 Market Street, San
Francisco, CA 94105
Mark Nieker Treasurer President/Headland Digital Media, Inc.,444 Spear Street, San
Francisco, CA 94105
William Cowan Assistant Secretary Attorney/Rosenthal and Schanfield, 55 East Monroe Street,
Chicago, Illinois 60603
</TABLE>
-19-
<PAGE>
EXHIBIT INDEX
The following additional material is filed as an Exhibit to this
Amendment No. 2:
Exhibit A: Contribution Agreement, dated as of December 27, 2000, by
and between Pearson Longman, Inc. And Pearson DBC Holdings Inc.
-20-
