ACCOM INC
8-A12G/A, 1998-12-23
PHOTOGRAPHIC EQUIPMENT & SUPPLIES
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   FORM 8-A/A

                       FOR REGISTRATION OF CERTAIN CLASSES
               OF SECURITIES PURSUANT TO SECTION 12 (b) OR (g) OF
                       THE SECURITIES EXCHANGE ACT OF 1934


                                   ACCOM, INC.
             (Exact name of registrant as specified in its charter)


                Delaware                            94-3055907
             (State or other                     (I.R.S. Employer
             jurisdiction of                    Identification No.)
              incorporation)

  1490 O'Brien Drive Menlo Park, California            94025
  (Address of principal executive offices)           (Zip Code)

If   this   form   relates   to   the      If   this   form   relates   to   the
registration of a class of securities      registration of a class of securities
pursuant  to  Section  12(b)  of  the      pursuant  to  Section  12(g)  of  the
Exchange   Act   and   is   effective      Exchange   Act   and   is   effective
pursuant   to   General   Instruction      pursuant   to   General   Instruction
A.(c),  please  check  the  following      A.(d),  please  check  the  following
box. [ ]                                   box. [X]


Securities Act registration file number to which this form
relates:_______________
        (If applicable)

Securities to be registered pursuant to Section 12(b)of the Act:_______________


        Title of each class                   Name of each exchange on which
        to be so registered                   each class is to be registered
- -------------------------------------  -----------------------------------------
               None                                       None



Securities to be registered pursuant to Section 12(g) of the Act:_______________

                         Preferred Share Purchase Rights
        -----------------------------------------------------------------
                                (Title of Class)


<PAGE>


Item 1.           Description of Registrant's Securities to be Registered.

                  On December 10, 1998,  the  Registrant  entered into Amendment
No. 2 (as defined in Item 2).  Amendment  No. 2 amends the  Registrant's  Rights
Plan (as defined in Item 2), which had previously  been amended by Amendment No.
1 (as  defined in Item 2).  Amendment  No. 2 permits a specified  investor,  his
affiliates and his associates to beneficially  own up to 3,425,000 shares of the
Registrant's common stock without becoming an "Acquiring Person" under the Plan.

                  Copies of the Rights Plan, Amendment No. 1 and Amendment No. 2
are attached hereto as an exhibit. A general  description of the preferred share
purchase  rights set forth in the Rights Plan is contained  in the  Registration
Statement  on Form 8-A/A  filed with the  Commission  on August 21,  1998.  That
registration statement is incorporated into and made a part of this filing.

Item 2.           Exhibits.

                  1.* Preferred  Shares Rights  Agreement  (the "Rights  Plan"),
dated as of September 13, 1996,  between  Accom,  Inc. and U.S.  Stock  Transfer
Corporation, including the Certificate of Designation of Rights, Preferences and
Privileges  of  Series A  Participating  Preferred  Stock,  the  form of  Rights
Certificate and the Summary of Rights  attached  thereto as Exhibits A, B and C,
respectively.

                  2.** Amendment No. 1 ("Amendment  No. 1") to Preferred  Shares
Rights  Agreement,  effective July 14, 1998,  between Accom, Inc. and U.S. Stock
Transfer Corporation.

                  3.   Amendment No. 2 ("Amendment  No. 2") to Preferred  Shares
Rights  Agreement,  effective  December 10, 1998,  between Accom,  Inc. and U.S.
Stock Transfer Corporation.



                  *    Filed  with  the  Commission  on  August  23,  1996 as an
exhibit to the Registrant's Form 8-A.

                  **   Filed  with  the  Commission  on  August  21,  1998 as an
exhibit to the Registrant's Form 8-A/A.


                               Page 2 of 3 pages


<PAGE>



                                    SIGNATURE

                  Pursuant to the requirements of the Securities Exchange Act of
1934,  the  Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                                                ACCOM, INC.,
                                                a Delaware corporation



                                                By:      /s/ JUNAID SHEIKH
                                                   -----------------------------
                                                Name:    Junaid Sheikh
                                                Title:   Chief Executive Officer
December 23, 1998


                                     Page 3 of 3 pages

<PAGE>

                                                                       EXHIBIT 3

                               AMENDMENT NO. 2 TO
                        PREFERRED SHARES RIGHTS AGREEMENT

         This  Amendment  No. 2 (this  "Amendment")  to Preferred  Shares Rights
Agreement,  effective  as of December 10,  1998,  amends that certain  Preferred
Shares Rights Agreement,  dated as of September 13, 1996, between Accom, Inc., a
Delaware corporation (the "Company"), and the U.S. Stock Transfer Corporation, a
California banking corporation (the "Rights Agent"), as amended on July 14, 1998
(the "Rights Agreement").

                                     RECITAL

         A. On December 4, 1998, the Company's Board of Directors  authorized an
amendment  of the  Rights  Agreement  to allow a  certain  investor  to  acquire
additional  shares  of  Common  Stock  so  as to  bring  such  investor's  total
shareholdings to not more than 3,425,000 shares.

                                    AGREEMENT

         NOW, THEREFORE,  in consideration of the foregoing recital,  the mutual
covenants and agreements  contained in this Amendment,  the parties hereto agree
as follows:

          1. Section 1(a) of the Rights Agreement is hereby amended and restated
to read in full as follows:

                  (a)  "Acquiring  Person"  shall  mean any Person who or which,
         together with all Affiliates  and  Associates of such Person,  shall be
         the  Beneficial  Owner  of  15%  or  more  of the  Common  Shares  then
         outstanding,  but shall not include the Company,  any Subsidiary of the
         Company  or  any  employee  benefit  plan  of  the  Company  or of  any
         Subsidiary of the Company,  or any entity  holding Common Shares for or
         pursuant to the terms of any such plan.  Notwithstanding the foregoing,
         no Person shall be deemed to be an Acquiring Person:  (i) as the result
         of an acquisition  of Common Shares by the Company  which,  by reducing
         the number of shares outstanding, increases the proportionate number of
         shares  beneficially  owned by such Person to 15% or more of the Common
         Shares of the Company then outstanding;  provided,  however,  that if a
         Person shall become the  Beneficial  Owner of 15% or more of the Common
         Shares of the Company then  outstanding by reason of share purchases by
         the  Company  and shall,  after such share  purchases  by the  Company,
         become the  Beneficial  Owner of any  additional  Common  Shares of the
         Company, then such Person shall be deemed to be an Acquiring Person, or
         (ii) if within eight days after such Person would  otherwise  become an
         Acquiring  Person (but for the  operation  of this clause  (ii)),  such
         Person  notifies  the  Board  of  Directors  that  such  Person  did so
         inadvertently and within two days after such notification,  such Person
         is the  Beneficial  Owner of less  than 15% of the  outstanding  Common
         Shares.  In addition,  (1) El Dorado Ventures shall not be deemed to be
         an  Acquiring  Person  so  long  as  such  Person,  together  with  all
         Affiliates and Associates of such Person, shall be the Beneficial Owner
         of not more than  1,063,593  Common  Shares 


<PAGE>


         (as   adjusted   for  any  future  stock   splits,   stock   dividends,
         recapitalizations   or  the  like)   (including   all   Common   Shares
         beneficially owned by such Person as of July 14, 1998); and (2) Michael
         Luckwell shall not be deemed to be an Acquiring  Person so long as such
         Person,  together with all  Affiliates  and  Associates of such Person,
         shall be the Beneficial  Owner of not more than 3,425,000 Common Shares
         (as   adjusted   for  any  future  stock   splits,   stock   dividends,
         recapitalizations   or  the  like)   (including   all   Common   Shares
         beneficially owned by such Person as of December 10, 1998).

          2. All  references  in the Rights  Agreement  to the Rights  Agreement
shall be deemed to refer to the Rights Agreement as amended by this Amendment.

          3. This  Amendment may be executed in any number of  counterparts  and
each of such  counterparts  shall for all  purposes be deemed to be an original,
and all such counterparts shall together constitute one and the same instrument.



         [The remainder of this page has been left blank intentionally.]

                                       2

<PAGE>



         IN WITNESS WHEREOF,  the parties hereto have executed this Amendment on
the date first above written.

                                  ACCOM, INC.



                                  By:   /s/ JUNAID SHEIKH
                                      ------------------------------------------

                                  Name: Junaid Sheikh
                                       -----------------------------------------

                                  Title: Cheif Executive Officier
                                         ---------------------------------------


                                  U.S. STOCK TRANSFER CORPORATION



                                  By: /s/ RICHARD C. BROWN
                                      ------------------------------------------

                                  Name:   Richard C. Brown
                                        ----------------------------------------

                                  Title:  Vice President
                                         ---------------------------------------


                                       3




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