-----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, Ok7GsjOEehcLigD/hTihe9Xn576fVZfAcetdfVWPvgYsvW2m1BSSNLDB91ZnsPnm 2Yz9qpIkZ/u6BcxCZE/8mg== 0000950142-05-002437.txt : 20050902 0000950142-05-002437.hdr.sgml : 20050902 20050902171900 ACCESSION NUMBER: 0000950142-05-002437 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20050902 DATE AS OF CHANGE: 20050902 GROUP MEMBERS: BROWN BROTHERS HARRIMAN & CO. GROUP MEMBERS: LAWRENCE C. TUCKER GROUP MEMBERS: T. MICHAEL LONG GROUP MEMBERS: THE 1818 FUND III, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Trinsic, Inc. CENTRAL INDEX KEY: 0001096509 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 593501119 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-57653 FILM NUMBER: 051068608 BUSINESS ADDRESS: STREET 1: 601 S. HARBOUR ISLAND BLVD STREET 2: SUITE 220 CITY: TAMPA STATE: FL ZIP: 33602 BUSINESS PHONE: 8132736261 MAIL ADDRESS: STREET 1: 601 S. HARBOUR ISLAND BLVD STREET 2: SUITE 220 CITY: TAMPA STATE: FL ZIP: 33602 FORMER COMPANY: FORMER CONFORMED NAME: Z TEL TECHNOLOGIES INC DATE OF NAME CHANGE: 19991007 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: 1818 FUND III LP CENTRAL INDEX KEY: 0001086778 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O BROWN BROTHERS HARRIMAN & CO CITY: NEW YORK STATE: NY ZIP: 10005 MAIL ADDRESS: STREET 1: C/O BROWN BROTHERS HARRIMAN & CO STREET 2: 59 WALL STREET CITY: NEW YORK STATE: NY ZIP: 10005 SC 13D/A 1 sc13da6-trinsic.txt AMENDMENT NO. 6 ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 6) TRINSIC, INC. (Name of Issuer) Common Stock (Title of Class of Securities) 988792107 (CUSIP Number) LAWRENCE C. TUCKER Brown Brothers Harriman & Co. 140 Broadway New York, New York (212) 483-1818 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 1, 2005 (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 [ ]. *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). ================================================================================ CUSIP No. 988792107 SCHEDULE 13D Page 2 of 9 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON THE 1818 FUND III, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 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 ------------------------------------------------ 8 SHARED VOTING POWER OWNED BY 26,993,946 See Item 5 EACH ------------------------------------------------ 9 SOLE DISPOSITIVE POWER REPORTING -0- PERSON ------------------------------------------------ 10 SHARED DISPOSITIVE POWER WITH 26,993,946 See Item 5 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 26,993,946 See Item 5. - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 48.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- CUSIP No. 988792107 SCHEDULE 13D Page 3 of 9 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON BROWN BROTHERS HARRIMAN & CO. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) [_] - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION NEW YORK - -------------------------------------------------------------------------------- NUMBER OF 7 SOLE VOTING POWER SHARES -0- BENEFICIALLY ------------------------------------------------ 8 SHARED VOTING POWER OWNED BY 26,993,946 See Item 5 EACH ------------------------------------------------ 9 SOLE DISPOSITIVE POWER REPORTING -0- PERSON ------------------------------------------------ 10 SHARED DISPOSITIVE POWER WITH 26,993,946 See Item 5 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 26,993,946 See Item 5. - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 48.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- CUSIP No. 988792107 SCHEDULE 13D Page 4 of 9 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON T. MICHAEL LONG - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK BOX 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 ------------------------------------------------ 8 SHARED VOTING POWER OWNED BY 26,993,946 See Item 5 EACH ------------------------------------------------ 9 SOLE DISPOSITIVE POWER REPORTING -0- PERSON ------------------------------------------------ 10 SHARED DISPOSITIVE POWER WITH 26,993,946 See Item 5 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 26,993,946 See Item 5. - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 48.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- CUSIP No. 988792107 SCHEDULE 13D Page 5 of 9 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON LAWRENCE C. TUCKER - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X] (b) [_] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - -------------------------------------------------------------------------------- 5 CHECK BOX 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 19,603 BENEFICIALLY ------------------------------------------------ 8 SHARED VOTING POWER OWNED BY 26,993,946 See Item 5 EACH ------------------------------------------------ 9 SOLE DISPOSITIVE POWER REPORTING 19,603 PERSON ------------------------------------------------ 10 SHARED DISPOSITIVE POWER WITH 26,993,946 See Item 5 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 27,013,549 See Item 5. - -------------------------------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 48.4% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- CUSIP No. 988792107 SCHEDULE 13D Page 6 of 9 Pages - -------------------------------------------------------------------------------- EXPLANATORY NOTE This Amendment No. 6 ("Amendment No. 6") to Schedule 13D is filed by the undersigned to amend and supplement the Schedule 13D filed on November 20, 2000 (the "Original 13D"), as amended by Amendment No. 1 to Schedule 13D filed on July 12, 2001 ("Amendment No. 1"), Amendment No. 2 to Schedule 13D filed on August 9, 2001 ("Amendment No. 2"), Amendment No. 3 to Schedule 13D filed on August 26, 2004 ("Amendment No. 3"), Amendment No. 4 to Schedule 13D filed on December 3, 2004 ("Amendment No. 4"), and Amendment No. 5 to Schedule 13D filed on July 18, 2004 ("Amendment No. 5") relating to the common stock (the "Common Stock"), par value $.01 per share, issued by Trinsic, Inc., a Delaware corporation (the "Company"). Unless otherwise indicated, all capitalized terms shall have the same meaning as provided in the Original 13D as amended by Amendment No.1, Amendment No. 2, Amendment No.3, Amendment No.4 and Amendment No. 5. Item 1. SECURITY AND ISSUER. No Change. Item 2. IDENTITY AND BACKGROUND. No Change. Item 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. No Change. Item 4. PURPOSE OF TRANSACTION. No Change. Item 5. INTEREST IN SECURITIES OF THE ISSUER. No Change. CUSIP No. 988792107 SCHEDULE 13D Page 7 of 9 Pages - -------------------------------------------------------------------------------- Item 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO THE COMMON STOCK OF THE ISSUER. Item 6 is hereby amended by deleting it in its entirety and replacing it with the following: The Company and the Fund are parties to the Registration Rights Agreement which gives the Fund, among other things, the right, on the terms and conditions set forth therein, to require the Company to register for sale to the public any shares of Common Stock held by the Fund, including without limitation, the shares of Common Stock issuable upon the conversion of Series H Preferred Stock held by the Fund. On September 1, 2005, the Company and the Fund entered into a voting agreement (the "Voting Agreement"). Pursuant to the terms of the Voting Agreement, the Fund agreed, to the extent required by applicable Nasdaq rules, that it (i) would not vote its shares of Series H Preferred Stock in any proposal that seeks to approve the conversion of the Series H Preferred Stock into Common Stock at a price below $0.41, (ii) would not vote 125.1 Votes (as defined in the Voting Agreement) of its Series H Preferred Stock (representing 3,012,479 shares of Common Stock on an as-converted basis) with respect to any other proposal submitted to the holders of the Common Stock and (iii) after September 30, 2005, would not vote its shares of Series H Preferred Stock in any proposal submitted to the holders of the Common Stock other than proposals that would amend the terms of the Series H Preferred Stock relating to voting rights to comply with any applicable rules of the Nasdaq Small Cap Market (the "Preferred Stock Amendment"). The Voting Agreement will terminate upon the earlier of (i) approval of the conversion of the Series H Preferred Stock into Common Stock at a conversion price below $0.41 by the holders of Common Stock and (ii) consummation of the Preferred Stock Amendment. CUSIP No. 988792107 SCHEDULE 13D Page 8 of 9 Pages - -------------------------------------------------------------------------------- Except as described elsewhere in this Statement and as set forth in the Voting Agreement, a copy of which is attached hereto as Exhibit 1 to this Amendment No. 6, and incorporated herein by reference, to the best of the knowledge of the Reporting Persons, there exists no contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 and between such persons and any person with respect to any securities of the Company, including but not limited to transfer or voting any securities of the Company, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies. Item 7. MATERIAL TO BE FILED AS EXHIBITS. 1. Voting Agreement, dated as of September 1, 2005, by among the Company and The 1818 Fund III, L.P. CUSIP No. 988792107 SCHEDULE 13D Page 9 of 9 Pages - -------------------------------------------------------------------------------- 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: September 2, 2005 THE 1818 FUND III, L.P. By: Brown Brothers Harriman & Co., General Partner By: /s/ Lawrence C. Tucker -------------------------------- Name: Lawrence C. Tucker Title: Partner BROWN BROTHERS HARRIMAN & CO. By: /s/ Lawrence C. Tucker -------------------------------- Name: Lawrence C. Tucker Title: Partner /s/ T. Michael Long ------------------------------------ T. Michael Long /s/ Lawrence C. Tucker ------------------------------------ Lawrence C. Tucker EX-10 2 ex1_sc13da6-trinsic.txt EXHIBIT 1 EXHIBIT 1 --------- VOTING AGREEMENT VOTING AGREEMENT, dated as of August 31, 2005 (this "Agreement"), among Trinsic, Inc., a Delaware corporation ("Company"), and The 1818 Fund III, L.P. (the "Stockholder"). WHEREAS, on July 15, 2005, the Company issued to the Stockholder 24,084.769 shares of Series H Preferred Stock, par value $0.01 per share (the "Preferred Stock"); and WHEREAS, the Stockholder was and remains the sole "beneficial owner" (as defined under Rule 13d-3 under the Securities Exchange Act of 1934, as amended, and "beneficial ownership" having a meaning correlative to such definition) of all outstanding Preferred Stock; and WHEREAS, by its terms, the Preferred Stock has an aggregate voting strength of 61,755,817 shares of the Company's common stock, par value $0.01 per share (the "Common Stock"), or 2,564.1 Common Stock votes ("Votes") per share of Preferred Stock; and WHEREAS, under applicable rules of The Nasdaq SmallCap Market (the "Rules"), upon which the Common Stock is listed, the maximum permissible aggregate voting strength of the Preferred Stock is 58,743,339 Votes, or 2,439.0 Votes per share of Preferred Stock; and WHEREAS, under the Rules, the Preferred Stock is not permitted to vote upon its convertibility into Common Stock at a price that is below $0.41 per share; and WHEREAS, both the Company and the Stockholder derive substantial benefit from the listing of the Common Stock on The Nasdaq SmallCap Market; and WHEREAS, the Company and Stockholder have agreed to enter into this Agreement governing the voting and disposition of the Preferred Stock so as to achieve substantive compliance with the Rules thereby facilitating such listing. NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements contained herein, and intending to be legally bound hereby, the parties hereto hereby agree as follows: 1. Voting of Shares. To the extent required by the Rules, the Stockholder, in respect of its Preferred Stock, and only in respect of its Preferred Stock, hereby agrees (1) not to vote in any matter submitted for a vote of holders of Common Stock seeking to approve the conversion of Preferred Stock into Common Stock at a price that is below $0.41 per share, and (2) not to vote 125.1 Votes per share of Preferred Stock (or 3,012,479 votes in aggregate in respect of all outstanding Preferred Stock) with respect to any other matter -2- submitted for a vote of holders of Common Stock. The Stockholder further agrees not to vote in respect of its Preferred Stock, and only in respect of its Preferred Stock, in any matter submitted for a vote of holders of Common Stock after September 30, 2005, except to the extent required to amend the terms of the Preferred Stock relating to voting rights so as to comply with the Rules (the "Preferred Stock Amendment"). 2. Amendment of Exchange and Purchase Agreement. Section 10.1 of the Exchange and Purchase Agreement, dated as of July 15, 2005, by and among the Company and the Stockholder is hereby amended to the extent necessary to allow the Stockholder to comply with Section 1 of this Agreement. 3. No Transfer of Beneficial Ownership of Shares. The Stockholder hereby covenants and agrees that it will not, directly or indirectly, transfer beneficial ownership of the Preferred Stock to any person prior to consummation of the Preferred Stock Amendment. 4. Termination of Agreement. This Agreement shall terminate upon the earlier of (1) approval of the conversion of the Preferred Stock into Common Stock at a price that is below $0.41 per share by the holders of Common Stock in a manner consistent with this Agreement and (2) the consummation of the Preferred Stock Amendment. 5. Preferred Stock Amendment. If the approval of conversion of the Preferred Stock into Common Stock at a price that is below $0.41 per share by the holders of Common Stock, in a manner consistent with this Agreement, has not occurred on or before Sepember 30, 2005, the Company agrees to promptly call for a special meeting of stockholders, and commence a related proxy solicitation, for the purpose of seeking approval of the Preferred Stock Amendment. The Stockholder hereby agrees to vote, in respect of its Preferred Stock and its Common Stock, in favor of any such proposal to adopt the Preferred Stock Amendment. 6. No Third Party Beneficiaries. No provision of this Agreement is intended to, or shall, confer any third party beneficiary or other rights or remedies upon any person other than the parties hereto. 7. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE APPLICABLE TO CONTRACTS EXECUTED IN AND TO BE PERFORMED IN THAT STATE. -3- IN WITNESS WHEREOF, the Company and the Stockholder have duly executed this Agreement, as of the date first written above. COMPANY: TRINSIC, INC. By: /s/ Horace J. Davis, III ------------------------------------ Name: Horace J. Davis, III Title: Chief Executive Officer STOCKHOLDER: THE 1818 FUND III, L.P. By: BROWN BROTHERS HARRIMAN & CO. General Partner By: /s/ Lawrence C. Tucker ------------------------------------ Name: Lawrence C. Tucker Title: Partner Address: 140 Broadway, New York, NY 10005 -----END PRIVACY-ENHANCED MESSAGE-----