-----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, N+omfeOxCgB/OAWuEj6jPn8bfflamw0Tbr6koGUUhoR5mqsV/NyXd9zMx+5htF3K iHiKH5EOj9T9EsAfUsugJA== 0000905148-06-002001.txt : 20060307 0000905148-06-002001.hdr.sgml : 20060307 20060307165224 ACCESSION NUMBER: 0000905148-06-002001 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060307 DATE AS OF CHANGE: 20060307 GROUP MEMBERS: GRANDE HOLDINGS LTD GROUP MEMBERS: GRANDE N.A.K.S. LTD. GROUP MEMBERS: HO WING ON CHRISTOPHER GROUP MEMBERS: S&T INTERNATIONAL DISTRIBUTION LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: EMERSON RADIO CORP CENTRAL INDEX KEY: 0000032621 STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD AUDIO & VIDEO EQUIPMENT [3651] IRS NUMBER: 223285224 STATE OF INCORPORATION: DE FISCAL YEAR END: 0402 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-17958 FILM NUMBER: 06670627 BUSINESS ADDRESS: STREET 1: NINE ENTIN RD STREET 2: PO BOX 430 CITY: PARSIPPANY STATE: NJ ZIP: 07054-0430 BUSINESS PHONE: 9738845800 MAIL ADDRESS: STREET 1: NINE ENTIN RD CITY: PARSIPPANY STATE: NJ ZIP: 07054 FORMER COMPANY: FORMER CONFORMED NAME: MAJOR ELECTRONICS CORP DATE OF NAME CHANGE: 19770921 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: S&T INTERNATIONAL DISTRIBUTION LTD. CENTRAL INDEX KEY: 0001336951 IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 146 ROBINSON ROAD, #01-01 CITY: SINGAPORE STATE: U0 ZIP: 068909 BUSINESS PHONE: 011-65-6221-0010 MAIL ADDRESS: STREET 1: 146 ROBINSON ROAD, #01-01 CITY: SINGAPORE STATE: U0 ZIP: 068909 SC 13D/A 1 efc6-0945_5836265fmsc13da.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A (Amendment No. 1)* INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a) EMERSON RADIO CORP. - ------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK - ------------------------------------------------------------------------------- (Title of Class of Securities) 291087203 - ------------------------------------------------------------------------------- (CUSIP Number) Ruby Lee Yen Kee, Esq. Managing Director, Legal The Grande Holdings Limited 146 Robinson Road #01-01 Singapore 068909 011-65-6221-0010 - ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 7, 2006 - ------------------------------------------------------------------------------- (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 that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box [ ]. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. * 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. (Continued on following pages) - ------------------------------------------------------------------------------- 291087203 SCHEDULE 13D CUSIP No.: - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON S&T International Distribution Ltd. - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF,BK - ------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E) [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - ------------------------------------------------------------------------------- 7. SOLE VOTING POWER NONE ......................................................... NUMBER OF 8. SHARED VOTING POWER SHARES 10,000,000 shares of Common Stock. ......................................................... BENEFICIALLY 9. SOLE DISPOSITIVE POWER OWNED BY EACH NONE REPORTING ......................................................... PERSON WITH 10. SHARED DISPOSITIVE POWER 10,000,000 shares of Common Stock. ................................................................................ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,000,000 shares of Common Stock. ................................................................................ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X] ................................................................................ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 36.97% ................................................................................ 14. TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------- 2 - ------------------------------------------------------------------------------- 291087203 SCHEDULE 13D CUSIP No.: - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON Grande N.A.K.S. Ltd. - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF,BK - ------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E) [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands - ------------------------------------------------------------------------------- 7. SOLE VOTING POWER NONE ......................................................... NUMBER OF 8. SHARED VOTING POWER SHARES 10,000,000 shares of Common Stock. ......................................................... BENEFICIALLY 9. SOLE DISPOSITIVE POWER OWNED BY EACH NONE REPORTING ......................................................... PERSON WITH 10. SHARED DISPOSITIVE POWER 10,000,000 shares of Common Stock. ................................................................................ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,000,000 shares of Common Stock. ................................................................................ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X] ................................................................................ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 36.97% ................................................................................ 14. TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------- 3 - ------------------------------------------------------------------------------- 291087203 SCHEDULE 13D CUSIP No.: - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON The Grande Hholdings Limited - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS WC,BK - ------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E) [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda - ------------------------------------------------------------------------------- 7. SOLE VOTING POWER NONE ......................................................... NUMBER OF 8. SHARED VOTING POWER SHARES 10,317,600 shares of Common Stock. ......................................................... BENEFICIALLY 9. SOLE DISPOSITIVE POWER OWNED BY EACH NONE REPORTING ......................................................... PERSON WITH 10. SHARED DISPOSITIVE POWER 10,317,600 shares of Common Stock. ................................................................................ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,317,600 shares of Common Stock. ................................................................................ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X] ................................................................................ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 38.15% ................................................................................ 14. TYPE OF REPORTING PERSON CO - ------------------------------------------------------------------------------- 4 - ------------------------------------------------------------------------------- 291087203 SCHEDULE 13D CUSIP No.: - ------------------------------------------------------------------------------- 1. NAME OF REPORTING PERSON Christopher Ho Wing On - ------------------------------------------------------------------------------- 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (c) [ ] - ------------------------------------------------------------------------------- 3. SEC USE ONLY - ------------------------------------------------------------------------------- 4. SOURCE OF FUNDS AF,BK - ------------------------------------------------------------------------------- 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E) [ ] - ------------------------------------------------------------------------------- 6. CITIZENSHIP OR PLACE OF ORGANIZATION Canada - ------------------------------------------------------------------------------- 7. SOLE VOTING POWER NONE ......................................................... NUMBER OF 8. SHARED VOTING POWER SHARES 10,317,600 shares of Common Stock. ......................................................... BENEFICIALLY 9. SOLE DISPOSITIVE POWER OWNED BY EACH NONE REPORTING ......................................................... PERSON WITH 10. SHARED DISPOSITIVE POWER 10,317,600 shares of Common Stock. ................................................................................ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,317,600 shares of Common Stock. ................................................................................ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [X] ................................................................................ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 38.15% ................................................................................ 14. TYPE OF REPORTING PERSON IN - ------------------------------------------------------------------------------- 5 This Amendment No. 1 to Schedule 13D relates to shares of Common Stock (the "Common Stock"), of Emerson Radio Corp. (the "Emerson"). This Amendment No. 1 supplementally amends the initial statement on Schedule 13D, dated December 15, 2005 (the "Initial Statement"), filed by the Reporting Persons (as defined in the Initial Statement). This Amendment No. 1 is being filed by the Reporting Persons to report that the number of Common Stock that the Reporting Persons may be deemed to beneficially own has increased by more than one percent of the current amount of outstanding Common Stock, as disclosed in the Emerson's quarterly report on Form 10-Q filed on February 14, 2006. Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Initial Statement. The Initial Statement is supplementally amended as follows. ITEM 1. SECURITY AND ISSUER. This statement on Schedule 13D/A (the "Statement") relates to the Common Stock of Emerson. ITEM 2. IDENTITY AND BACKGROUND. This statement is filed on behalf of each of the following persons (collectively, the "Reporting Persons"): (1) THE GRANDE HOLDINGS LIMITED ("Grande Holdings") (a Bermuda corporation engaged in manufacturing, sale and distribution of audio, video and other consumer electronics and digital products), the executive offices of which are located at 12th Floor, The Grande Building, 398 Kwun Tong Road, Kowloon, Hong Kong; (2) GRANDE N.A.K.S. LTD ("N.A.K.S.") (a British Virgin Islands corporation engaged in purchasing, selling or holding of securities or other investments), the executive offices of which are located at 146 Robinson Road, #01-01 Singapore 068909; (3) S&T INTERNATIONAL DISTRIBUTION LTD ("S&T") (a British Virgin Islands corporation engaged in purchasing, selling or holding of securities or other investments), the executive offices of which are located at 146 Robinson Road, #01-01 Singapore 068909; (4) CHRISTOPHER HO WING ON. Mr. Ho is a citizen of Canada. Mr. Ho's business address is 146 Robinson Road, #01-01 Singapore 068909. Mr. Ho is the President and Group Chief Executive of Grande Holdings. Each of the Reporting Persons is party to that certain Joint Filing Agreement attached hereto as Exhibit 1. Accordingly, the Reporting Persons are hereby filing a joint Schedule 13D. As of the date of this Statement, S&T has the direct power to vote and direct the disposition of the 10,000,000 shares of the Issuer's Common Stock held by it (the "Original Shares"). The Grande Group Limited ("GGL") (a Singapore corporation engaged in purchasing, selling or holding of securities or other investments), the executive offices of which are located at 146 Robinson Road, #01-01 Singapore 068909, has the direct power to vote and direct the disposition of 317,600 shares of the Issuer's Common Stock held by it (the "Additional Shares" and together with the Original Shares, the "Shares"). As the sole parent of S&T, N.A.K.S. has 6 the indirect power to vote and dispose of the Original Shares held for the account of S&T. As the sole parent of N.A.K.S. and the sole parent of GGL, Grande Holdings has the indirect power to vote and dispose of the Shares held for the account of S&T and GGL. As the owner of approximately 64% of the share capital of Grande Holdings, Barrican Investments Corporation ("Barrican") has the indirect power to vote and dispose of the Shares held for the account of S&T and GGL. As the sole parent of Barrican, The Grande International Holdings Ltd ("Grande International") has the indirect power to vote and dispose of the Shares held for the account of S&T and GGL. As the sole owner of Grande International, the Ho Family Trust has the indirect power to vote and dispose of the Shares held for the account of S&T and GGL. As the sole beneficiary of the Ho Family Trust, Mr. Ho has the indirect power to vote and dispose of the Shares held for the account of S&T and GGL. In such capacities, Grande Holdings, N.A.K.S. and Mr. Ho may be deemed to be the beneficial owners of the Shares held for the account of S&T and GGL. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Since December 15, 2005 (the date of filing of the Initial Statement), all Common Stock acquired by the Reporting Persons were acquired by GGL. The source of funds for the Additional Shares was the working capital of GGL. The total purchase price for the Additional Shares was approximately $1,006,405. Neither Mr. Ho, Grande Holdings nor N.A.K.S. directly owns any Common Stock. ITEM 4. PURPOSE OF TRANSACTION. Although the Reporting Persons purchased the Original Shares for investment purposes, they wish to be in a position to exercise greater influence over the management and corporate activities of Emerson, including activities which may relate to transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. Accordingly, depending on prevailing market, economic and other conditions, including in particular the price and availability of shares of Common Stock, the Reporting Persons may seek to acquire control of Emerson through additional share purchases in the open market or privately-negotiated transactions. Except as indicated in this Schedule 13D, none of the Reporting Persons or, to the best of their knowledge, any of the other persons identified in response to Item 2, currently has any plans or proposals that relate to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. S&T is the record owner of the Original Shares and GGL is the record owner of the Additional Shares. As the sole stockholder of S&T, N.A.K.S. may be deemed to own beneficially the Original Shares. As the sole stockholder of N.A.K.S and GGL, Grande Holdings may be deemed to own beneficially the Shares. Mr. Ho has a beneficial interest in approximately 64% of the capital stock of Grande Holdings. By virtue of such interest and his position with Grande Holdings, Mr. Ho may be deemed to have power to vote and power to dispose of the Shares beneficially held by Grande Holdings. 7 a. N.A.K.S. and S&T may be deemed to own beneficially 36.97% of the Common Stock of Emerson, which percentage is calculated based upon 27,047,666 shares of Common Stock reported to be outstanding as of February 13, 2006. Grande Holdings and Mr. Ho may be deemed to own beneficially 38.15% of the Common Stock of Emerson. Each of the Reporting Persons, except S&T, disclaims beneficial ownership of the Shares. b. Regarding the number of shares as to which such person has: i. sole power to vote or to direct the vote: 0 shares for each Reporting Person. ii. shared power to vote or to direct the vote: 10,317,600 shares for each Reporting Person. iii. sole power to dispose or to direct the disposition: 0 shares for each Reporting Person. iv. shared power to dispose or to direct the disposition: 10,317,600 shares for each Reporting Person. c. Except for the transactions listed on Annex B hereto, all of which were effected in the over-the-counter market in routine brokerage transactions, there have been no transactions with respect to the Common Stock since December 15, 2005 (the date of filing of the Initial Statement) by any of the Reporting Persons. d. No other person is known to have the right to receive or the power to direct the receipt of dividends from, or any proceeds from the sale of, the Common Stock beneficially owned by any of the Reporting Persons. e. Not Applicable. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. Exhibit 1: Joint Filing Agreement, dated March 4, 2006 by and among Grande Holding, N.A.K.S., S&T and Mr. Ho. 8 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. Dated: March 4, 2006 /s/ Christopher Ho Wing On - ---------------------------------- CHRISTOPHER HO WING ON THE GRANDE HOLDINGS LIMITED By: /s/ Christopher Ho Wing On - ---------------------------------------- Name: Christopher Ho Wing On Title: Director GRANDE N.A.K.S. LTD. By: /s/ Christopher Ho Wing On - --------------------------------------- Name: Christopher Ho Wing On Title: Director S&T INTERNATIONAL DISTRIBUTION LTD. By: /s/ Christopher Ho Wing On - --------------------------------------- Name: Christopher Ho Wing On Title: Director
ANNEX A RECENT TRANSACTIONS IN THE SECURITIES OF EMERSON RADIO CORP. Transactions for the account of GGL since December 15, 2005. - ---------------------------------------------------------------------------------------------------- Date of Transaction Nature of Transaction Number of Shares Price per Share Acquisition (A) or Disposition (D) - ---------------------------------------------------------------------------------------------------- 23 Jan 2006 A 35,000 US$3.0986 - ---------------------------------------------------------------------------------------------------- 24 Jan 2006 A 40,800 US$3.0983 - ---------------------------------------------------------------------------------------------------- 25 Jan 2006 A 24,200 US$3.0955 - ---------------------------------------------------------------------------------------------------- 26 Jan 2006 A 8,100 US$3.0700 - ---------------------------------------------------------------------------------------------------- 27 Jan 2006 A 8,200 US$3.0945 - ---------------------------------------------------------------------------------------------------- 30 Jan 2006 A 10,000 US$3.1000 - ---------------------------------------------------------------------------------------------------- 31 Jan 2006 A 10,400 US$3.0988 - ---------------------------------------------------------------------------------------------------- 01 Feb 2006 A 2,400 US$3.1000 - ---------------------------------------------------------------------------------------------------- 02 Feb 2006 A 1,000 US$3.1000 - ---------------------------------------------------------------------------------------------------- 03 Feb 2006 A 13,000 US$3.1454 - ---------------------------------------------------------------------------------------------------- 06 Feb 2006 A 26,900 US$3.2000 - ---------------------------------------------------------------------------------------------------- 08 Feb 2006 A 12,000 US$3.2533 - ---------------------------------------------------------------------------------------------------- 09 Feb 2006 A 16,400 US$3.2673 - ---------------------------------------------------------------------------------------------------- 10 Feb 2006 A 10,000 US$3.3000 - ---------------------------------------------------------------------------------------------------- 14 Feb 2006 A 30,000 US$3.3000 - ---------------------------------------------------------------------------------------------------- 15 Feb 2006 A 11,600 US$3.1000 - ---------------------------------------------------------------------------------------------------- 28 Feb 2006 A 14,700 US$3.2340 - ---------------------------------------------------------------------------------------------------- 1 Mar 2006 A 5,000 US$3.2500 - ---------------------------------------------------------------------------------------------------- 2 Mar 2006 A 20,000 US$3.2000 - ---------------------------------------------------------------------------------------------------- 3 Mar 2006 A 10,600 US$3.2000 - ---------------------------------------------------------------------------------------------------- 6 Mar 2006 A 7,300 US$3.2000 - ----------------------------------------------------------------------------------------------------
10 Exhibit 1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D/A dated March 4, 2006 (including amendments thereto) with respect to the Common Stock of Emerson Radio Corp. This Joint Filing Agreement shall be filed as an Exhibit to such Statement. Dated: March 4, 2006 /s/ Christopher Ho Wing On ---------------------------------------- CHRISTOPHER HO WING ON THE GRANDE HOLDINGS LIMITED By: /s/ Christopher Ho Wing On ---------------------------------------- Name: Christopher Ho Wing On Title: Director GRANDE N.A.K.S. LTD By: /s/ Christopher Ho Wing On ---------------------------------------- Name: Christopher Ho Wing On Title: Director S&T INTERNATIONAL DISTRIBUTION LTD By: /s/ Christopher Ho Wing On ---------------------------------------- Name: Christopher Ho Wing On Title: Director 11 -----END PRIVACY-ENHANCED MESSAGE-----