<PAGE>
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)(1)
SYNERGISTIC HOLDINGS CORP.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
87159N105
- --------------------------------------------------------------------------------
(CUSIP Number)
Robert Cohen, O.D.
1500 Hempstead Turnpike
East Meadow, NY 11554
516-390-2204
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)
June 2, 1997, as amended July 25, 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.
(Continued on following 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>
- -------------------------------------------------------------------------------
CUSIP No. 87159N105 13-D
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
MEADOW MANAGEMENT, LLC I.R.S. Indentification No.11-3368291
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
NEW YORK
- ------------------------------------------------------------------------------
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 1,250,000 shares
BENEFICIALLY | |
OWNED BY | 8 | SHARED VOTING POWER
EACH | | None.
REPORTING | 9 | SOLE DISPOSITIVE POWER
PERSON WITH | | 1,250,000 shares
| 10 | SHARED DISPOSITIVE POWER
| | None.
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,250,000 shares
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
OO (Limited Liability Company)
- ------------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------------------------------------
CUSIP No. 87159N105 13-D
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Robert Cohen, O.D.
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS
(See Instructions)
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
- ------------------------------------------------------------------------------
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 1,250,000 shares
BENEFICIALLY | |
OWNED BY | 8 | SHARED VOTING POWER
EACH | | None.
REPORTING | 9 | SOLE DISPOSITIVE POWER
PERSON WITH | | 1,250,000 shares
| 10 | SHARED DISPOSITIVE POWER
| | None.
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,250,000 shares
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- ------------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------------------------------------
CUSIP No. 87159N105 13-D
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Alan Cohen, O.D.
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS
(See Instructions)
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
- ------------------------------------------------------------------------------
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 1,250,000 shares
BENEFICIALLY | |
OWNED BY | 8 | SHARED VOTING POWER
EACH | | None.
REPORTING | 9 | SOLE DISPOSITIVE POWER
PERSON WITH | | 1,250,000 shares
| 10 | SHARED DISPOSITIVE POWER
| | None.
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,250,000 shares
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- -------------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------------------------------------
CUSIP No. 87159N105 13-D
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Guardian Angel Management, Ltd. I.R.S. Identification No. 11-3381661
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS
(See Instructions)
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
- ------------------------------------------------------------------------------
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 1,250,000 shares
BENEFICIALLY | |
OWNED BY | 8 | SHARED VOTING POWER
EACH | | None.
REPORTING | 9 | SOLE DISPOSITIVE POWER
PERSON WITH | | 1,250,000 shares
| 10 | SHARED DISPOSITIVE POWER
| | None.
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,250,000 shares
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
CO
- ------------------------------------------------------------------------------
<PAGE>
- -------------------------------------------------------------------------------
CUSIP No. 87159N105 13-D
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Jonathon Pratt
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [X]
(b) [ ]
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
4 SOURCE OF FUNDS
(See Instructions)
- ------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e) [ ]
- ------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OR ORGANIZATION
United States
- ------------------------------------------------------------------------------
NUMBER OF | 7 | SOLE VOTING POWER
SHARES | | 1,250,000 shares
BENEFICIALLY | |
OWNED BY | 8 | SHARED VOTING POWER
EACH | | None.
REPORTING | 9 | SOLE DISPOSITIVE POWER
PERSON WITH | | 1,250,000 shares
| 10 | SHARED DISPOSITIVE POWER
| | None.
- ------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,250,000 shares
- ------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
- ------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10%
- ------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- ------------------------------------------------------------------------------
<PAGE>
Item 7. Material to be Filed as Exhibits
Exhibit B - Subscription Agreement, dated June 2, 1997, between
Synergistic Holdings Corp. and Meadows Management, LLC - filed herewith. This
amended Exhibit B replaces the previous Exhibit B designated "Registration
Rights Agreement," which should be disregarded.
<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.
Date: July 25, 1997 MEADOWS MANAGEMENT, LLC
-------------
By: /s/ Robert Cohen
--------------------------
Name: Robert Cohen, O.D.
TItle: Managing Member
GUARDIAN ANGEL MANAGEMENT, LTD
By: /s/ Jonathan Pratt
--------------------------
Name: Jonathan Pratt
Title: President and CEO
/s/ Robert Cohen
--------------------------
Robert Cohen, O.D.
/s/ Alan Cohen
--------------------------
Alan Cohen, O.D.
/s/ Jonathan Pratt
--------------------------
Jonathan Pratt
<PAGE>
EXHIBIT "B"
SUBSCRIPTION AGREEMENT
June 2, 1997
Synergistic Holdings Corp.
50 Laser Court
Hauppauge, New York 11788
Gentlemen:
1. Subscription. The undersigned hereby subscribes for 25,000
shares of Series C Preferred Stock (the "Stock") of Synergistic Holdings Corp.,
a Delaware corporation (the "Company").
2. Acceptance of Subscription. The undersigned is tendering
payment for the subscribed for Stock by check in the amount of $25,000 to the
order of Synergistic Holdings Corp. All funds received from the undersigned for
Stock will be held in a segregated account by the Company until June 15, 1997
(the "Closing") or earlier termination of the offering.
This Subscription Agreement, together with the check, should
be delivered to Synergistic Holdings Corp., 50 Laser Court, Hauppauge, New York
11788, Attention: Salvatore Crimi. If this subscription is rejected by the
Company, the amount tendered by the investor shall be promptly returned in full
to the undersigned by the Company, without interest or deduction, and this
Subscription Agreement shall be null and void and of no further force or effect.
The Company shall have the right to reject this subscription, in whole or in
part.
3. Amendment of Certificate of Incorporation. By no later than
December 31, 1997, the Company hereby agrees to amend its Certificate of
Incorporation to increase the number of shares of the Company's common stock,
$0.01 par value per share (the "Common Stock") which it is authorized to issue
to have available a sufficient number of authorized Common Stock to issue upon
conversion of the Series C Preferred Stock. In the event that such amendment has
not been approved by the Company's Board of Directors and shareholders by
December 31, 1997, the Company agrees to pay the undersigned $1,000,000.00.
4. Representations and Warranties of the Undersigned. The
undersigned hereby represents and warrants to the Company that the undersigned
has received and had the opportunity to review the Company's 10-QSB for the
quarterly period ended January 31, 1997 and certain other financial information
relating to the Company. The undersigned has also had the opportunity to ask
questions of and to receive answers from the Company and its representatives,
with respect to the Company and the terms and conditions of this offering. The
undersigned and the undersigned's representatives, if any, have been offered
access to the books and records of the Company. All materials and information
requested by the undersigned and the undersigned's representatives, if any,
including any information requested to verify any information furnished, have
been made available to the undersigned.
5. Representations and Warranties of the Company.
(a) The Company has been duly and validly
incorporated and is validly existing and in good standing as a corporation under
the laws of the State of Delaware. The Company has all requisite power and
authority to enter into this Subscription Agreement and to be bound by the
provisions and conditions hereof.
<PAGE>
(b) All corporate action required to be taken by the
Company prior to the issuance and sale of the Stock has been taken; and the
Stock when issued shall be duly and validly issued.
6. Further Documents. The parties agree to execute any and all
such further instruments and documents, and to take any and all such further
actions reasonably required to effectuate this Subscription Agreement and the
intent and purposes hereof.
7. Assignability. This Subscription Agreement is not
transferrable or assignable by the undersigned.
8. Applicable Law. This Subscription Agreement shall be
governed by and construed in accordance with the internal laws of the State of
New York, applicable to contracts made and to be performed wholly within that
state, without regard to the conflict of law rules thereof.
9. Modification. This Subscription Agreement may not be
amended, modified or terminated except by an instrument in writing signed by all
parties hereto.
10. Counterparts. This Subscription Agreement may be executed
through the use of separate signature pages or in any number of counterparts,
and each of such counterparts shall, for all purposes, constitute one agreement
binding on all parties, notwithstanding that all parties are not signatories to
the same counterpart.
<PAGE>
IN WITNESS WHEREOF, the undersigned has executed this
Subscription Agreement this 2nd day of June 1997.
MEADOWS MANAGEMENT, LLC
By: /s/ Robert Cohen
-------------------
Name: Robert Cohen, O.D.
Title: Managing Member
Tax I.D. No. 11-3368291
----------------
ACCEPTED:
SYNERGISTIC HOLDINGS CORP.
By: /s/ Salvatore Crimi
---------------------------------
Name: Salvatore Crimi
Title: Chief Executive Officer
