<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934*
Amendment No. 1
ROYAL GRIP, INC.
- ------------------------------------------------------------------------------
(NAME OF ISSUER)
Common Stock, $.001 par value per share
- ------------------------------------------------------------------------------
(TITLE OF CLASS OF SECURITIES)
780289 10 4
- ------------------------------------------------------------------------------
(CUSIP NUMBER)
Kenneth J. Warren
2109 West Fifth Avenue, Suite C
Columbus, Ohio 43212
(614) 487-1966
- ------------------------------------------------------------------------------
(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)
August 29, 1997
- ------------------------------------------------------------------------------
(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
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
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).
(The Exhibit Index is located on Page 14)
- ----------
*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.
Page 1 of 14 Pages
<PAGE> 2
CUSIP No. 780289 10 4
13D
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Danny Edwards
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
- -------------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
00
- -------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 0
BENEFICIALLY -------------------------------------------------------------
OWNED 8. SHARED VOTING POWER
BY
EACH 0
REPORTING -------------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
0
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- -------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- -------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- -------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
- -------------------------------------------------------------------------------
Page 2 of 14 Pages
<PAGE> 3
CUSIP No. 780289 10 4
13D
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Drew M. Brown
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
- -------------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
00
- -------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 0
BENEFICIALLY -------------------------------------------------------------
OWNED 8. SHARED VOTING POWER
BY
EACH 0
REPORTING -------------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
0
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- -------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- -------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- -------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
- -------------------------------------------------------------------------------
Page 3 of 14 Pages
<PAGE> 4
CUSIP No. 780289 10 4
13D
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Mark N. Sklar
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
- -------------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
00
- -------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 0
BENEFICIALLY -------------------------------------------------------------
OWNED 8. SHARED VOTING POWER
BY
EACH 0
REPORTING -------------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
0
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- -------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- -------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- -------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IN
- -------------------------------------------------------------------------------
Page 4 of 14 Pages
<PAGE> 5
CUSIP No. 780289 10 4
13D
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Bennett Dorrance Trust dated April 21, 1989, as amended
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
- -------------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
00
- -------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 0
BENEFICIALLY -------------------------------------------------------------
OWNED 8. SHARED VOTING POWER
BY
EACH 0
REPORTING -------------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
0
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- -------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- -------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- -------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
00
- -------------------------------------------------------------------------------
Page 5 of 14 Pages
<PAGE> 6
CUSIP No. 780289 10 4
13D
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DMB PROPERTY VENTURES LIMITED PARTNERSHIP
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
- -------------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
00
- -------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, United States
- -------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 0
BENEFICIALLY -------------------------------------------------------------
OWNED 8. SHARED VOTING POWER
BY
EACH 0
REPORTING -------------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH
0
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- -------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- -------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- -------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
PN
- -------------------------------------------------------------------------------
Page 6 of 14 Pages
<PAGE> 7
CUSIP No. 780289 10 4
13D
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ROYAL PRECISION, INC. (fka FM PRECISION GOLF CORP.)
- -------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
- -------------------------------------------------------------------------------
3. SEC USE ONLY
- -------------------------------------------------------------------------------
4. SOURCE OF FUNDS (See Instructions)
00
- -------------------------------------------------------------------------------
5. CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) [ ]
- -------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, United States
- -------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES 2,742,178
BENEFICIALLY -------------------------------------------------------------
OWNED 8. SHARED VOTING POWER
BY
EACH 0
REPORTING -------------------------------------------------------------
PERSON 9. SOLE DISPOSITIVE POWER
WITH 2,742,178
-------------------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
- -------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,742,178
- -------------------------------------------------------------------------------
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- -------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
100%
- -------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
CO
- -------------------------------------------------------------------------------
Page 7 of 14 Pages
<PAGE> 8
ITEM 1. SECURITY AND ISSUER
This statement relates to: common stock, $.001 par value per share
of ROYAL GRIP, INC., a Nevada corporation ("Royal Grip"). The address of the
principal executive office of Royal Grip is:
15170 North Hayden Road, Suite 1
Scottsdale, Arizona 85260
ITEM 2. IDENTITY AND BACKGROUND
This statement is being filed on behalf of a "group," as such term is
used in Section 13(d)(3) of the Securities and Exchange Act of 1934, as amended
(the "1934 Act") to report the cessation of the group. The members of the group
were: Danny Edwards, Chief Executive Officer and a director of Royal Grip, Drew
M. Brown, Mark N. Sklar, Bennett Dorrance, as Trustee for the Bennett Dorrance
Trust, dated April 21, 1989, as amended, DMB Property Ventures Limited
Partnership, a Delaware limited partnership whose general partners are Drew M.
Brown, Mark N. Sklar and Bennett Dorrance ("DMB"), and Royal Precision, Inc. fka
FM Precision Golf Corp., a Delaware corporation ("FMP") (collectively, the
"Group"). Additional information about the members of the Group is provided
below.
Danny Edwards
c/o Royal Grip, Inc.
15170 North Hayden Road, Suite 1, Scottsdale, Arizona 85260
- -------------------------------------------------------------------------------
Drew M. Brown
Partner
DMB Property Ventures Limited Partnership
4201 North 24th Street, Suite 120, Phoenix, AZ 85016
- -------------------------------------------------------------------------------
Mark N. Sklar
Partner
DMB Property Ventures Limited Partnership
4201 North 24th Street, Suite 120, Phoenix, AZ 85016
- -------------------------------------------------------------------------------
Bennett Dorrance
Partner
DMB Property Ventures Limited Partnership
4201 North 24th Street, Suite 120, Phoenix, AZ 85016
- -------------------------------------------------------------------------------
The Bennett Dorrance Trust, dated April 21, 1989
4201 North 24th Street, Suite 120, Phoenix, AZ 85016
Principal Business: Investment
- -------------------------------------------------------------------------------
Page 8 of 14 Pages
<PAGE> 9
DMB Property Ventures Limited Partnership
State of Organization: Delaware
Principal Business: Real estate and equity investment holding company
Address: 4201 North 24th Street, Suite 120, Phoenix, AZ 85016
- -------------------------------------------------------------------------------
Royal Precision, Inc. f/k/a
FM Precision Golf Corp.
State of Organization: Delaware
Principal Business: Holding company
Address: 3490 Clubhouse Drive, Suite 102, Jackson, Wyoming 83001
- -------------------------------------------------------------------------------
The following information relates to directors and executive officers
of FMP. These additional parties are not reporting persons for purposes of this
Schedule 13D:
Christopher A. Johnston
President, Chief Executive Officer, Director
Royal Precision, Inc.
3490 Clubhouse Drive
Jackson, Wyoming 83001
- -------------------------------------------------------------------------------
Richard P. Johnston
Chairman of the Board, Director
Royal Precision, Inc.
9651 North Pusch Ridge Place
Tucson, Arizona 85737
- -------------------------------------------------------------------------------
David E. Johnston
Executive Vice-President, Director
Royal Precision, Inc.
1935 West Muirfield Loop
Tucson, Arizona 85737
- -------------------------------------------------------------------------------
Danny Edwards
Vice Chairman of the Board, Director
Royal Precision, Inc.
15170 North Hayden Road
Suite 1
Scottsdale, Arizona 85260
- -------------------------------------------------------------------------------
Robert G. J. Burg, II
Executive Vice-President, Director
Royal Precision, Inc.
15170 North Hayden Road
Suite 1
Scottsdale, Arizona 85260
- -------------------------------------------------------------------------------
James G. DeMello
President
Acushnet Rubber Company, Inc.
744 Belleville Avenue
New Bedford, Ma. 02742
Principal Business: Manufacturing
Director
- -------------------------------------------------------------------------------
Raymond J. Minella
Principal
Berenson, Minella & Company
667 Madison Avenue
New York, New York 10021
Investment Banking Firm
Director
- -------------------------------------------------------------------------------
Kenneth J. Warren
Attorney
Page 9 of 14 Pages
<PAGE> 10
2109 West Fifth Avenue, Suite C
Columbus, Ohio 43212
Director
- -------------------------------------------------------------------------------
Ronald L. Chalmers
Executive Vice-President, Director
Royal Precision, Inc.
535 Migeon Avenue
Torrington, Connecticut 06790
- -------------------------------------------------------------------------------
During the last five years, none of the above persons has either (i)
been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors), or (ii) been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
been subject to a judgment, decree, or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal or state
securities laws, or finding any violations with respect to such laws.
All of the above reporting persons are citizens of the United States of
America.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
In order to induce FMP to enter into an Agreement and Plan of Merger
dated May 14, 1997 with Royal Grip (the "Merger Agreement"), described in more
detail in Item 6 hereof, and FMP to exchange Royal Grip stockholders' entire
equity interest in Royal Grip for equity in FMP, the reporting persons entered
into a Voting Agreement, described in more detail in Item 4 hereof. The Merger
was consummated on August 29, 1997 and all obligations under the Voting
Agreement were thereby discharged. Upon consummation of the Merger, FMP became
the sole shareholder of Royal Grip. On September 2, 1997, a Form 15 was filed
by FMP to deregister Royal Grip's common stock.
ITEM 4. PURPOSE OF TRANSACTION
The Group was formed pursuant to a Voting Agreement dated May 14, 1997
(the "Voting Agreement") among Danny Edwards, Drew M. Brown, Mark N. Sklar,
Bennett Dorrance, as Trustee of the Bennett Dorrance Trust dated April 21, 1989,
as amended, DMB, and FMP, who collectively held 55.0% of the outstanding Royal
Grip Common Stock, for the purpose of voting, at every meeting of the
shareholders of Royal Grip, all shares beneficially owned by such shareholders
in favor of approval of the Merger Agreement between Royal Grip, FMP and FMPSUB,
INC., a Nevada corporation and a wholly-owned subsidiary of FMP ("FMPSUB").
Pursuant to the Voting Agreement, such shareholders agreed to irrevocably
appoint (to the extent permitted by the Nevada General Corporation Law)
Christopher A. Johnston, Richard P. Johnston, and FMP as their attorneys and
proxies for all shares of Royal Grip beneficially owned by them only for
purposes of approving the Merger Agreement. A special shareholders meeting was
held on August 29, 1997 and a vote taken on the merger proposal. Such vote was
sufficient to approve and adopt the Merger Agreement. See a more detailed
discussion of the Merger Agreement in Item 6 hereof.
Page 10 of 14 Pages
<PAGE> 11
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Danny Edwards, Drew M. Brown, Mark N. Sklar, Bennett Dorrance, as Trustee of
the Bennett Dorrance Trust, dated April 21, 1989, as amended, DMB Property
Ventures Limited Partnership, and FM Precision Golf Corp., as a group
(i) Aggregate number of shares: 0
(ii) Percentage of class: 0%
(iii) Sole voting power: None
(iv) Shared voting power: None
(v) Sole dispositive power: None
(vi) Shared dispositive power: None
Danny Edwards (without regard to the Voting Agreement)
(i) Aggregate number of shares: 0
(ii) Percentage of class: 0%
(v) Sole dispositive power: None
Drew M. Brown (without regard to the Voting Agreement)
(i) Aggregate number of shares: 0
(ii) Percentage of class: 0%
(v) Sole dispositive power: None
Mark N. Sklar (without regard to the Voting Agreement)
(i) Aggregate number of shares: 0
(ii) Percentage of class: 0%
(v) Sole dispositive power: None
The Bennett Dorrance Trust, dated April 21, 1989 (without regard to the Voting
Agreement)
(i) Aggregate number of shares: 0
(ii) Percentage of class: 0%
(v) Sole dispositive power: None
DMB Property Ventures Limited Partnership (without regard to the Voting
Agreement)
(i) Aggregate number of shares: 0
(ii) Percentage of class: 0%
(v) Sole dispositive power: None
Royal Precision, Inc. f/k/a FM Precision Golf Corp. (without regard to the
Voting Agreement)
(i) Aggregate number of shares: 2,742,178
(ii) Percentage of class: 100%
- --------
Page 11 of 14 Pages
<PAGE> 12
Christopher A. Johnston, Richard P. Johnston, David E. Johnston,
Raymond J. Minella, Kenneth J. Warren, Ronald L. Chalmers, Danny Edwards, Robert
G. J. Burg, II and James G. DeMello are directors and/or executive officers of
FMP and hold no interest in Royal Grip individually.
Except as described in Item 4 hereof, no member of the group described
in Item 2 effected any transactions in Common Stock during the past 60 days.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
Merger Agreement. Royal Grip, FMP, and FMPSUB entered into an Agreement
and Plan of Merger dated May 14, 1997 (the "Merger Agreement"). Pursuant to the
Merger Agreement, FMPSUB was merged with and into Royal Grip (the "Merger") and
Royal Grip became a wholly-owned subsidiary of FMP. In the Merger, each
outstanding share of Royal Grip Common Stock was converted into the right to
receive shares of common stock, par value $.001 per share, of FMP ("FMP Common
Stock") at a 2 for 1 ratio. Upon the completion of the Merger, Royal Grip
shareholders owned approximately 30% of the outstanding shares of FMP Common
Stock immediately following consummation of the Merger. Options and warrants to
purchase Royal Grip Common Stock issued pursuant to the Non-Employee Director
Stock Plan, the Non-Employee Directors Stock Option Plan and the 1993 Stock
Option Plan of Royal Grip (the "Royal Grip Options"), outstanding as of the
effective date of the Merger and to the extent not previously exercised, were
assumed by FMP and converted into options and warrants to acquire shares of FMP
Common Stock, on the terms and subject to the conditions set forth in the Merger
Agreement and in the agreements pursuant to which such options and warrants were
awarded. No fractional shares of FMP Common Stock were issued in the Merger. The
Merger is expected to be accounted for as a purchase under generally accepted
accounting principles. The Merger is expected to qualify as a tax-free
reorganization within the meaning of Sections 368(a)(1)(B) of the Internal
Revenue Code of 1986, as amended. The FMP Common Stock issued to Royal Grip
shareholders pursuant to the Merger Agreement have been authorized for listing
on NASDAQ NMS. Following the Merger, the Royal Grip Common Stock was delisted
from the NASDAQ NMS and a Form 15 was filed to terminate registration pursuant
to Section 12(g)(4) of the Exchange Act. Following the merger on August 29,
1997, FMP changed its name to Royal Precision, Inc.
See a detailed discussion of the Voting Agreement in Item 4 hereof.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
(1) Articles of Merger
Page 12 of 14 Pages
<PAGE> 13
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this Schedule 13D is true, complete,
and correct.
ROYAL PRECISION, INC.
(fka FM PRECISION GOLF CORP.)
/s/ Danny Edwards By: /s/ Christopher A. Johnston
- ---------------------------------- -------------------------------
DANNY EDWARDS CHRISTOPHER A. JOHNSTON
Date: September 2, 1997 Its: President
Date: September 2, 1997
DMB PROPERTY VENTURES
LIMITED PARTNERSHIP, a Delaware limited
partnership
By DMB GP, Inc., an Arizona
corporation, general partner
/s/ Drew M. Brown /s/ Timothy A. Kaehr
- ---------------------------------- -------------------------------
DREW M. BROWN TIMOTHY A. KAEHR
Date: September 2, 1997 Its: Executive Vice President
Date: September 2, 1997
The Bennett Dorrance Trust, dated
April 21, 1989, as amended
/s/ Mark N. Sklar /s/ Bennett Dorrance
- ---------------------------------- -------------------------------
MARK N. SKLAR BENNETT DORRANCE
Date: September 2, 1997 Its: Trustee
Date: September 2, 1997
Page 13 of 14 Pages
<PAGE> 14
EXHIBIT INDEX
-------------
Exhibit Description Sequential Page No.
- --------------------------------------------------------------------------------
1 Articles of Merger.............................................. 15
Page 14 of 14 Pages
<PAGE> 1
ARTICLES OF MERGER
OF
FMPSUB, INC.
INTO
ROYAL GRIP, INC.
FIRST: The name of the surviving entity is ROYAL GRIP, INC. and the
place of its organization is the jurisdiction of Nevada. The name and place of
organization of the entity being merged into the surviving entity is FMPSUB,
INC., organized in the jurisdiction of Nevada.
SECOND: A plan of merger was adopted by each entity that is a party to
this merger.
THIRD: The plan of merger was submitted to the owners of Royal Grip,
Inc. by the entity of directors thereof pursuant to Chapter 78 of the Nevada
Revised Statutes.
FOURTH: The designation, number of votes entitled to be cast and the
total number of votes cast for and against the plan, by each class of owner's
interest of Royal Grip, Inc. entitled to vote on the plan is as follows:
Designation Votes Entitled to be Cast
----------- -------------------------
Common Stock 2,742,178
Votes For Votes Against
--------- -------------
1,540,012 1,600
FIFTH: The number of votes cast for the plan by the owners of each
class of interests of Royal Grip, Inc. was sufficient for approval by the
owners of that class.
SIXTH: The plan of merger was adopted by FMPSub, Inc. by unanimous
consent.
SEVENTH: The complete executed plan of merger is on file at the place
of business of Royal Grip, Inc. located at 444 West Geneva Drive, Tempe,
Arizona 85282, and a copy of the plan will be furnished by Royal Grip, Inc. on
request and without cost to any owner of either entity which is a party to this
merger.
EIGHTH: This merger shall be effective upon filing these Articles of
Merger with the Secretary of State of the State of Nevada.
<PAGE> 2
ROYAL GRIP, INC.
By /s/ Robert G. J. Burg, II
----------------------------
President
By /s/ Thomas A. Schneider
----------------------------
Secretary
STATE OF ARIZONA,
COUNTY OF MARICOPA, ss:
On August 29, 1997, personally appeared before me, a Notary Public,
Robert G. J. Burg, II and Thomas A. Schneider, who acknowledged that they
executed the above instrument.
/s/ Dina Vaughn
-------------------------------
Notary Public
(My Commission Expires March 5, 1999)
ROYAL GRIP, INC.
By /s/ Christopher A. Johnston
----------------------------
President
By /s/ Kenneth J. Warren
----------------------------
Secretary
STATE OF ARIZONA,
COUNTY OF MARICOPA, ss:
On August 29, 1997, personally appeared before me, a Notary Public,
Christopher A. Johnston and Kenneth J. Warren, who acknowledged that they
executed the above instrument.
/s/ Dina Vaughn
-------------------------------
Notary Public
(My Commission Expires March 5, 1999)
