<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1 )*
Barnett Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
068062108
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(CUSIP Number)
Mr. Armond Waxman With a copy to:
Waxman Industries, Inc. Scott M. Zimmerman, Esq.
24460 Aurora Road Swidler Berlin Shereff Friedman, LLP
Bedford Heights, Ohio 44146 405 Lexington Avenue
(216) 439-1830 New York, New York 10174
(212) 973-0111
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
September 29, 2000
------------------
(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(e), Rule 13d-1(f) or Rule 13d-1(g), check the
following: [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
*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 ("Act") 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> 2
SCHEDULE 13D
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CUSIP No. 068062108 Page 2 of 10 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Waxman USA Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(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
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY ------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON ------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0
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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)
0.0%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO
ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE
SIGNATURE ATTESTATION.
<PAGE> 3
SCHEDULE 13D
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CUSIP No. 068062108 Page 3 of 10 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Waxman Industries, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(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
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY ------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON ------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
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14 TYPE OF REPORTING PERSON*
HC
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO
ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE
SIGNATURE ATTESTATION.
<PAGE> 4
SCHEDULE 13D
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CUSIP No. 068062108 Page 4 of 10 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Armond Waxman
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(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
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY ------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON ------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO
ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE
SIGNATURE ATTESTATION.
<PAGE> 5
SCHEDULE 13D
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CUSIP No. 068062108 Page 5 of 10 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Melvin Waxman
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(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) [ ]
-------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY ------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON ------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
-------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0
-------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
-------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
-------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
-------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO
ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE
SIGNATURE ATTESTATION.
<PAGE> 6
SCHEDULE 13D
This Amendment No. 1 to the Statement on Schedule 13D amends and
supplements the Statement on Schedule 13D relating to the event date of April 3,
1996 (the "Schedule 13D"), filed by Waxman Industries, Inc., Waxman USA Inc.,
Armond Waxman and Melvin Waxman (the "Reporting Persons"). Capitalized terms
used herein and not defined herein shall have the meanings assigned thereto in
the Schedule 13D.
ITEM 1. SECURITY AND ISSUER
This Schedule 13D relates to the common stock, par value $.01
(the "Common Stock"), of Barnett Inc., a Delaware corporation (the "Company),
whose principal executive offices are located at 3333 Lenox Avenue,
Jacksonville, Florida 32254.
ITEM 2 IDENTITY AND BACKGROUND.
Sections (a), (b), (c) and (f) of Item 2 are amended and
restated in their entirety to read as follows:
(a), (b), (c) and (f). This statement is being filed by Waxman
USA Inc. ("Waxman USA"), Waxman Industries, Inc. ("Waxman Industries"), the
direct parent of Waxman USA, Armond Waxman, President, Co-Chief Executive
Officer, Treasurer and a director of Waxman Industries and President, Co-Chief
Executive Officer and Co-Chairman of the Board of Waxman USA, and Melvin Waxman,
Co-Chairman of the Board and Co-Chief Executive Officer of Waxman Industries and
Waxman USA. Waxman USA, Waxman Industries, Armond Waxman and Melvin Waxman are
sometimes referred to collectively herein as the "Reporting Persons."
Set forth below is certain information concerning the
Reporting Persons:
<TABLE>
<CAPTION>
Name Business Address Place or Organization
---- ---------------- ---------------------
<S> <C> <C>
Waxman USA Inc. 24460 Aurora Road Delaware
Bedford Heights, OH 44146
Waxman Industries, Inc. 24460 Aurora Road Delaware
Bedford Heights, OH 44146
</TABLE>
Waxman USA is a corporation organized in Delaware and is a
direct wholly-owned subsidiary of Waxman Industries. Waxman USA is a supplier of
plumbing, hardware and electrical products and conducts its business through its
subsidiaries.
Waxman Industries is a corporation organized in Delaware.
Page 6
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Armond Waxman's principal occupation is President, Co-Chief Executive
Officer, Treasurer and a director of Waxman Industries and President, Co-Chief
Executive Officer and Co- Chairman of the Board of Waxman USA, and his business
address 24460 Aurora Road, Bedford Heights, Ohio 44146. Mr. Waxman is a citizen
of the United States.
Melvin Waxman's principal occupation is Co-Chairman of the Board and
Co-Chief Executive Officer of Waxman USA and Waxman Industries, and his business
address is 24460 Aurora Road, Bedford Heights, Ohio 44146. Mr. Waxman is a
citizen of the United States.
See Item 5 for information regarding ownership of Common Stock.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Item 3 is deleted in its entirety.
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 is amended and restated in its entirety to read as follows:
On September 29, 2000, Waxman USA completed the disposition of all the
remaining shares of Common Stock previously owned it (the "Barnett Shares"). The
Barnett Shares constituted approximately 44.3% of the outstanding Common Stock.
The sale of the Barnett Shares was part of the purchase of all of the
outstanding shares of Common Stock by Wilmar Industries, Inc. ("Wilmar") for
$13.15 per share (the "Merger Consideration"), pursuant to that certain
Agreement and Plan of Merger, dated as of July 10, 2000 (the "Merger
Agreement"), by and among Barnett, Wilmar and BW Acquisition, Inc., a Delaware
corporation and a wholly-owned subsidiary of Wilmar ("Merger Sub" and together
with Wilmar, the "Purchaser"), pursuant to a merger of Merger Sub with and into
the Company (the "Merger"). On September 29, 2000 and a Certificate of Merger
relating to the Merger was filed with the Secretary of State of the State of
Delaware. On September 1, 2000, the Company had repurchased from Waxman USA
160,723 shares of Common Stock for a total consideration of $2,000,000 pursuant
to that certain agreement, dated as of July 7, 2000 (the "Barnett Agreement"),
by and between Waxman USA and the Company. On October 11, 2000, the Purchaser
made a payment to Waxman USA in the amount of $113,507.45, equal to the
difference between (a) the Merger Consideration times 160,723 shares and (b)
$2,000,000, pursuant to that certain stockholder agreement, dated as of July 10,
2000 (the "Stockholder Agreement"), by and among Waxman Industries, Waxman USA,
Wilmar and Merger Sub. On the Merger Closing Date, Messrs. Armond Waxman and
Melvin Waxman sold 24,700 and 24,000 shares of Common Stock, respectively,
personally owned by them immediately prior to the Merger Closing Date, pursuant
to the Merger.
ITEM 5. INTEREST IN SECURITIES OF ISSUER.
Item 5 is amended and restated in its entirety to read as follows:
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(a) and (b) After giving effect to the Merger described in Item 4
above, none of the Reporting Persons beneficially owns any shares of Common
Stock.
(c) All transactions in the Common Stock effected by the Reporting
Persons during the past sixty days are set forth in Item 4 hereof.
(d) Not applicable.
(e) Each of the Reporting Persons ceased to be a beneficial owner of
more than five percent of the Common Stock on September 29, 2000.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF ISSUER.
Item 6 is deleted in its entirety.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Exhibit 7(a) Agreement and Plan of Merger, dated as of July 10, 2000, by
and among Wilmar Industries, Inc. ("Wilmar"), BW Acquisition,
Inc. ("BW") and the Company. (Exhibit 10.1 to Waxman
Industries' Form 8-K filed July 17, 2000, File No. 0-5888,
incorporated herein by reference).*
Exhibit 7(b) Stockholder Agreement, dated July 10, 2000, by and among
Waxman Industries, Waxman USA, Wilmar and BW. (Exhibit 10.2 to
Waxman Industries' Form 8-K filed July 17, 2000, File No.
0-5888, incorporated herein by reference).*
Exhibit 7(c) Agreement, dated July 10, 2000, by and among Waxman USA and
the Company. (Exhibit 10.4 to Waxman Industries' Form 8-K
filed July 17, 2000, File No. 0-5888,
incorporated herein by reference).*
Exhibit 7(d) Joint Filing Agreement of the Reporting Persons, dated
May 30, 1997 (Exhibit 8 to the Schedule 13D filed by the
Reporting Persons with the Commission on June 2, 1997,
incorporated herein by reference).*
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* Incorporated herein by reference as indicated.
Page 8
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SIGNATURE
After reasonable inquiry and to the best of its knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: October 12, 2000
WAXMAN USA INC.
By: /s/ Mark Wester
--------------------------------
Name: Mark Wester
Title: Vice President-Finance
WAXMAN INDUSTRIES, INC.
By: /s/ Mark Wester
--------------------------------
Name: Mark Wester
Title: Vice President-Finance and
Chief Financial Officer
/s/ Armond Waxman
-----------------------------------
\ ARMOND WAXMAN
/S/ Melvin Waxman
-----------------------------------
MELVIN WAXMAN
Page 9
<PAGE> 10
EXHIBIT INDEX
EXHIBIT NO. DOCUMENT
Exhibit 7(a) Agreement and Plan of Merger, dated as of July 10, 2000, by
and among Wilmar Industries, Inc. ("Wilmar"), BW Acquisition,
Inc. ("BW") and the Company. (Exhibit 10.1 to Waxman
Industries' Form 8-K filed July 17, 2000, File No. 0-5888,
incorporated herein by reference).*
Exhibit 7(b) Stockholder Agreement, dated July 10, 2000, by and among
Waxman Industries, Waxman USA, Wilmar and BW. (Exhibit 10.2 to
Waxman Industries' Form 8-K filed July 17, 2000, File No.
0-5888, incorporated herein by reference).*
Exhibit 7(c) Agreement, dated July 10, 2000, by and among Waxman USA and
the Company. (Exhibit 10.4 to Waxman Industries' Form 8-K
filed July 17, 2000, File No. 0-5888,
incorporated herein by reference).*
Exhibit 7(d) Joint Filing Agreement of the Reporting Persons, dated
May 30, 1997 (Exhibit 8 to the Schedule 13D filed by the
Reporting Persons with the Commission on June 2, 1997,
incorporated herein by reference).*
----------------------
* Incorporated herein by reference as indicated.
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