-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AcAfGITboy+eCziKXnnoxBZpgIDQIFmfSVNpwg+d6god+bFSgXypdz21qgS4Kj+L GaNVW9l2zNXcfpCH82cWng== 0000892569-97-000412.txt : 19970222 0000892569-97-000412.hdr.sgml : 19970222 ACCESSION NUMBER: 0000892569-97-000412 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19970214 SROS: NASD GROUP MEMBERS: MISAKO YUEN GROUP MEMBERS: THOMAS YUEN FAMILY TRUST GROUP MEMBERS: YUEN THOMAS C K SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SRS LABS INC CENTRAL INDEX KEY: 0001016470 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 330714264 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-49103 FILM NUMBER: 97532585 BUSINESS ADDRESS: STREET 1: 2909 DAIMIER ST CITY: SANTA ANA STATE: CA ZIP: 92705 BUSINESS PHONE: 7144421070 MAIL ADDRESS: STREET 1: 2909 DAIMLER ST CITY: SANTA ANA STATE: CA ZIP: 92705 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: YUEN THOMAS C K CENTRAL INDEX KEY: 0000902630 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 16 GENEVE DRIVE CITY: NEWPORT BEACH STATE: CA ZIP: 92660 BUSINESS PHONE: 7144421081 SC 13G 1 SCHEDULE 13G FOR THOMAS C.K. YUEN 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. __________)* SRS Labs, Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 78464M 10 6 - -------------------------------------------------------------------------------- (CUSIP Number) * 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 the disclosures provided in a prior cover page. The information required in 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 1 of 10 Pages 2 - --------------------- ------------------ CUSIP No. 78464M 10 6 13G Page 2 of 10 Pages - --------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS OR S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Thomas C.K. Yuen - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (SEE INSTRUCTIONS) (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF SHARES 54,311 BENEFICIALLY ------------------------------------------ OWNED 6 SHARED VOTING POWER BY EACH REPORTING 2,836,578 PERSON ------------------------------------------ WITH 7 SOLE DISPOSITIVE POWER 54,311 ------------------------------------------ 8 SHARED DISPOSITIVE POWER 2,836,578 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,890,889 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 30.4% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - -------------------------------------------------------------------------------- 3 - --------------------- ------------------ CUSIP No. 78464M 10 6 13G Page 3 of 10 Pages - --------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS OR S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Misako Yuen - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (SEE INSTRUCTIONS) (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF SHARES -0- BENEFICIALLY ------------------------------------------ OWNED 6 SHARED VOTING POWER BY EACH REPORTING 2,836,578 PERSON ------------------------------------------ WITH 7 SOLE DISPOSITIVE POWER -0- ------------------------------------------ 8 SHARED DISPOSITIVE POWER 2,836,578 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,836,578 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 30.0% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN - -------------------------------------------------------------------------------- 4 - --------------------- ------------------ CUSIP No. 78464M 10 6 13G Page 4 of 10 Pages - --------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS OR S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Thomas Yuen Family Trust - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (SEE INSTRUCTIONS) (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF SHARES -0- BENEFICIALLY ------------------------------------------ OWNED 6 SHARED VOTING POWER BY EACH REPORTING 2,836,578 PERSON ------------------------------------------ WITH 7 SOLE DISPOSITIVE POWER -0- ------------------------------------------ 8 SHARED DISPOSITIVE POWER 2,836,578 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,836,578 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 30.0% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO - -------------------------------------------------------------------------------- 5 - --------------------- ------------------ CUSIP No. 78464M 10 6 13G Page 5 of 10 Pages - --------------------- ------------------ Item 1(a). Name of Issuer: SRS Labs, Inc. Item 1(b). Address of Issuer's Principal Executive Offices: 2909 Daimler Street, Santa Ana, California 92705 Item 2(a). Names of Persons Filing: Thomas C.K. Yuen, Misako Yuen and the Thomas Yuen Family Trust Item 2(b). Address of Principal Business Office or, if None, Residence: SRS Labs, Inc., 2909 Daimler Street, Santa Ana, California 92705 Item 2(c). Citizenship: Thomas C.K. Yuen and Misako Yuen are citizens of the U.S.A, and the Thomas Yuen Family Trust is a trust formed under the laws of the State of California. Item 2(d). Title of Class of Securities: Common Stock Item 2(e). CUSIP Number: 78464M 10 6 Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b), identify the type of reporting person. Inapplicable. Item 4. Ownership. (a) Amount Beneficially Owned: Thomas C.K. Yuen 2,890,889 Misako Yuen 2,836,578 Thomas Yuen Family Trust 2,836,578 6 - --------------------- ------------------ CUSIP No. 78464M 10 6 13G Page 6 of 10 Pages - --------------------- ------------------ (b) Percent of Class: Thomas C.K. Yuen 30.4% Misako Yuen 30.0% Thomas Yuen Family Trust 30.0% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: Thomas C.K. Yuen 54,311 Misako Yuen 0 Thomas Yuen Family Trust 0 (ii) Shared power to vote or to direct the vote: Thomas C.K. Yuen 2,836,578 Misako Yuen 2,836,578 Thomas Yuen Family Trust 2,836,578 (iii) Sole power to dispose or to direct the disposition of: Thomas C.K. Yuen 54,311 Misako Yuen 0 Thomas Yuen Family Trust 0 (iv) Shared power to dispose or to direct the disposition of: Thomas C.K. Yuen 2,836,578 Misako Yuen 2,836,578 Thomas Yuen Family Trust 2,836,578 The shares beneficially owned by Thomas C.K. Yuen, Misako Yuen and the Thomas Yuen Family Trust include 2,836,578 shares held by the Thomas Yuen Family Trust, of which Mr. and Mrs. Yuen are co-trustees. The shares beneficially owned by Thomas C.K. Yuen also include 54,311 shares issuable to Mr. Yuen upon exercise of stock options that vest on or before March 1, 1997, and Mr. Yuen's beneficial ownership of such shares is subject to applicable community property laws. The shares beneficially owned by Mr. and Mrs. Yuen and the Thomas Yuen Family Trust do not include 202,755 shares held by Atsuko Hamasaki as trustee of the Yuen 1993 Irrevocable Trust (144,825 shares), and as custodian for Mr. and Mrs. Yuen's children, Jennifer Wen Lee Yuen (28,965 shares) and Constance Kahlee Yuen (28,965 shares). Mr. and Mrs. Yuen and the Thomas Yuen Family Trust disclaim beneficial ownership of the 202,755 shares held by Atsuko Hamasaki. Item 5. Ownership of Five Percent or Less of a Class. Inapplicable. 7 - --------------------- ------------------ CUSIP No. 78464M 10 6 13G Page 7 of 10 Pages - --------------------- ------------------ Item 6. Ownership of More than Five Percent on Behalf of Another Person. Inapplicable. Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company. Inapplicable. Item 8. Identification and Classification of Members of the Group. This filing is on behalf of Thomas C.K. Yuen, Misako Yuen and the Thomas Yuen Family Trust as members of a group pursuant to Rule 13d-1(c). Item 9. Notice of Dissolution of Group. Inapplicable. Item 10. Certification. Inapplicable. 8 - --------------------- ------------------ CUSIP No. 78464M 10 6 13G Page 8 of 10 Pages - --------------------- ------------------ 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. February 13, 1997 -------------------------------------- Date /s/ Thomas C.K. Yuen -------------------------------------- Thomas C.K. Yuen /s/ Misako Yuen -------------------------------------- Misako Yuen THOMAS YUEN FAMILY TRUST By: /s/ Thomas C.K. Yuen ----------------------------------- Thomas C.K. Yuen Co-Trustee By: /s/ Misako Yuen ----------------------------------- Misako Yuen Co-Trustee 9 - --------------------- ------------------ CUSIP No. 78464M 10 6 13G Page 9 of 10 Pages - --------------------- ------------------ EXHIBIT A AGREEMENT THIS AGREEMENT is dated as of February 13, 1997, among Thomas C.K. Yuen, Misako Yuen and the Thomas Yuen Family Trust. WHEREAS, pursuant to Rule 240.13d-1(f) promulgated under Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the parties hereto have decided to satisfy their filing obligations under the Exchange Act by a single joint filing; NOW THEREFORE, the parties hereto agree as follows: 1. The Schedule 13G with respect to SRS Labs, Inc. to which this Agreement is attached as Exhibit A (the "Schedule 13G") is filed on behalf of each of the parties hereto. 2. Each of the parties hereto is eligible to use the Schedule 13G. 3. Each of the parties hereto is responsible for the timely filing of the Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person or entity contained in the Schedule 13G; provided that each person or entity is not responsible for the completeness or accuracy of the information concerning any other person making such filing contained in the Schedule 13G, unless such person or entity knows or has reason to believe that such information is inaccurate. [Signature Page Follows] 10 - --------------------- ------------------- CUSIP No. 78464M 10 6 13G Page 10 of 10 Pages - --------------------- ------------------- IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written. /s/ Thomas C.K. Yuen -------------------------------------- Thomas C.K. Yuen /s/ Misako Yuen -------------------------------------- Misako Yuen THOMAS YUEN FAMILY TRUST By: /s/ Thomas C.K. Yuen ----------------------------------- Thomas C.K. Yuen Co-Trustee By: /s/ Misako Yuen ----------------------------------- Misako Yuen Co-Trustee -----END PRIVACY-ENHANCED MESSAGE-----