-----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, P1lvAuo4frXmA0gA30a0nDBT0p9tj5le3m7yLadWEdaPzwKLZJ8HXV+KR7aGIUDg uKC6BFBTT+SGAshz6Z6T3Q== 0000950116-98-001630.txt : 19980810 0000950116-98-001630.hdr.sgml : 19980810 ACCESSION NUMBER: 0000950116-98-001630 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980807 SROS: NONE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CYBEX INTERNATIONAL INC CENTRAL INDEX KEY: 0000060876 STANDARD INDUSTRIAL CLASSIFICATION: [3949] IRS NUMBER: 111731581 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: SEC FILE NUMBER: 005-12594 FILM NUMBER: 98679667 BUSINESS ADDRESS: STREET 1: 10 TROTTER DRIVE CITY: MEDWAY STATE: MA ZIP: 02053 BUSINESS PHONE: 5085334300 MAIL ADDRESS: STREET 1: 10 TROTTER DRIVE CITY: MEDWAY STATE: MA ZIP: 02053 FORMER COMPANY: FORMER CONFORMED NAME: LUMEX INC DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: UM INVESTMENT CORP CENTRAL INDEX KEY: 0001019789 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 510266463 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 103 SPRINGER BLDG CONCORD PLAZA STREET 2: 3411 SILVERSIDE RD CITY: WILMINGTON STATE: DE ZIP: 19810 BUSINESS PHONE: 6093542200 MAIL ADDRESS: STREET 1: 103 SPRINGER BLDG CONCORD PLAZA STREET 2: 3411 SILVERSIDE RD CITY: WILMINGTON STATE: DE ZIP: 19810 SC 13D 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 1)* CYBEX INTERNATIONAL, INC. (Name of Issuer) Common Stock (Title of Class of Securities) 23252E 10 6 (CUSIP Number) James H. Carll, Esq. Archer & Greiner, One Centennial Square, Haddonfield, NJ 08033 (609-795-2121) (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 3, 1998 (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-l(b)(3) or (4), check the following box[ ]. Check the following box if a fee is being paid with this statement [ ]. 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). (Continued on the following pages) Page 1 of 13 Pages _______________________________________________________________________________ CUSIP NO. 23252E 10 6 13D _______________________________________________________________________________ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON UM Holdings, Ltd. 22-1982496 ______________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (See Instructions) (b) [ ] ______________________________________________________________________________ 3 SEC USE ONLY ______________________________________________________________________________ 4 SOURCE OF FUNDS (See Instructions) 00 ______________________________________________________________________________ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ______________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION New Jersey _______________________________________________________________________________ | | | 7 | SOLE VOTING POWER | | Zero NUMBER OF |_____|________________________________________________________ SHARES | | BENEFICIALLY | 8 | SHARED VOTING POWER OWNED BY | | Zero EACH |_____|________________________________________________________ REPORTING | | PERSON WITH | 9 | SOLE DISPOSITIVE POWER | | Zero |_____|________________________________________________________ | | | 10 | SHARED DISPOSITIVE POWER | | Zero _______________|_____|_________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 ______________________________________________________________________________ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] ______________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.00% ______________________________________________________________________________ 14 TYPE OF REPORTING PERSON (See Instructions) HC and CO ______________________________________________________________________________ 2 _______________________________________________________________________________ CUSIP NO. 23252E 10 6 13D _______________________________________________________________________________ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON UM Equity Corp. 22-3343565 ______________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (See Instructions) (b) [ ] ______________________________________________________________________________ 3 SEC USE ONLY ______________________________________________________________________________ 4 SOURCE OF FUNDS (See Instructions) 00 ______________________________________________________________________________ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ______________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware _______________________________________________________________________________ | | | 7 | SOLE VOTING POWER | | 4,173,056 NUMBER OF |_____|________________________________________________________ SHARES | | BENEFICIALLY | 8 | SHARED VOTING POWER OWNED BY | | Zero EACH |_____|________________________________________________________ REPORTING | | PERSON WITH | 9 | SOLE DISPOSITIVE POWER | | 4,173,056 |_____|________________________________________________________ | | | 10 | SHARED DISPOSITIVE POWER | | Zero _______________|_____|_________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,173,056 ______________________________________________________________________________ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] ______________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 48.0% ______________________________________________________________________________ 14 TYPE OF REPORTING PERSON (See Instructions) CO ______________________________________________________________________________ 3 _______________________________________________________________________________ CUSIP NO. 23252E 10 6 13D _______________________________________________________________________________ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON UM Investment Corp. 51-0266463 ______________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (See Instructions) (b) [ ] ______________________________________________________________________________ 3 SEC USE ONLY ______________________________________________________________________________ 4 SOURCE OF FUNDS (See Instructions) WC ______________________________________________________________________________ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ______________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware _______________________________________________________________________________ | | | 7 | SOLE VOTING POWER | | 5,000 NUMBER OF |_____|________________________________________________________ SHARES | | BENEFICIALLY | 8 | SHARED VOTING POWER OWNED BY | | Zero EACH |_____|________________________________________________________ REPORTING | | PERSON WITH | 9 | SOLE DISPOSITIVE POWER | | 5,000 |_____|________________________________________________________ | | | 10 | SHARED DISPOSITIVE POWER | | Zero _______________|_____|_________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,000 ______________________________________________________________________________ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] ______________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.06% ______________________________________________________________________________ 14 TYPE OF REPORTING PERSON (See Instructions) CO ______________________________________________________________________________ 4 _______________________________________________________________________________ CUSIP NO. 23252E 10 6 13D _______________________________________________________________________________ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON John Aglialoro - ###-##-#### ______________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (See Instructions) (b) [ ] ______________________________________________________________________________ 3 SEC USE ONLY ______________________________________________________________________________ 4 SOURCE OF FUNDS (See Instructions) 00 ______________________________________________________________________________ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ______________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. _______________________________________________________________________________ | | | 7 | SOLE VOTING POWER | | 3,666 NUMBER OF |_____|________________________________________________________ SHARES | | BENEFICIALLY | 8 | SHARED VOTING POWER OWNED BY | | Zero EACH |_____|________________________________________________________ REPORTING | | PERSON WITH | 9 | SOLE DISPOSITIVE POWER | | 3,666 |_____|________________________________________________________ | | | 10 | SHARED DISPOSITIVE POWER | | Zero _______________|_____|_________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,666 ______________________________________________________________________________ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] ______________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.04% ______________________________________________________________________________ 14 TYPE OF REPORTING PERSON (See Instructions) IN ______________________________________________________________________________ 5 _______________________________________________________________________________ CUSIP NO. 23252E 10 6 13D _______________________________________________________________________________ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON Joan Carter - ###-##-#### ______________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (See Instructions) (b) [ ] ______________________________________________________________________________ 3 SEC USE ONLY ______________________________________________________________________________ 4 SOURCE OF FUNDS (See Instructions) 00 ______________________________________________________________________________ 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] ______________________________________________________________________________ 6 CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. _______________________________________________________________________________ | | | 7 | SOLE VOTING POWER | | 749 NUMBER OF |_____|________________________________________________________ SHARES | | BENEFICIALLY | 8 | SHARED VOTING POWER OWNED BY | | Zero EACH |_____|________________________________________________________ REPORTING | | PERSON WITH | 9 | SOLE DISPOSITIVE POWER | | 749 |_____|________________________________________________________ | | | 10 | SHARED DISPOSITIVE POWER | | Zero _______________|_____|_________________________________________________________ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 749 ______________________________________________________________________________ 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) [ ] ______________________________________________________________________________ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0.009% ______________________________________________________________________________ 14 TYPE OF REPORTING PERSON (See Instructions) IN ______________________________________________________________________________ 6 The Statement on Schedule 13-D dated May 23, 1997 (the "Schedule 13-D"), is hereby amended as follows: Item 2 - Identity and Background. Item 2 of the Schedule 13-D is hereby amended to read in its entirety as follows: "This Statement is filed jointly by UM Equity Corp., a Delaware corporation ("UME"), UM Investment Corporation, a Delaware corporation ("UMI"), UM Holdings, Ltd., a New Jersey corporation ("UM"), John Aglialoro and Joan Carter. "The principal business of UME, which is a wholly-owned subsidiary of UM, is maintaining and managing investments. Its principal business and office address is 103 Springer Boulevard, 3411 Silverside Road, Wilmington, Delaware 19810. "The principal business of UMI, which is a wholly-owned subsidiary of UM, is maintaining and managing investments. Its principal place of business and office address is 103 Springer Boulevard, 3411 Silverside Road, Wilmington, Delaware 19810. "UM is a holding company. Companies which it owns or in which it has a substantial equity interest provide services to the pharmaceutical industry, provide management services to providers of executive physicals and related services, manufacture and sell exercise equipment, operate a commercial airline, develop, sell and distribute proprietary concrete products and provide specialized staffing services. Its principal business and office address is 56 Haddon Avenue, Haddonfield, New Jersey O8033. "John Aglialoro and Joan Carter, who are married, own substantially all of the 7 outstanding capital stock of UM and accordingly are controlling persons of UM. "Schedule I hereto sets forth the following information with respect to such shareholders and each director and executive officer of UM, UME and UMI (each of whom is a citizen of the United States): (a) name; (b) business address; (c) present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted. "During the past five years neither UMI, UM, UME, Mr. Aglialoro, nor Ms. Carter, nor to the best of their respective knowledge, any person named in Schedule I has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or has been party to a civil proceeding as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws". Item 4 - Purpose of Transactions. Item 4 of the Schedule 13-D is hereby amended by adding the following additional paragraph: "UM issued a press release on August 3, 1998 (a copy of which is attached to this Schedule as Exhibit 2), announcing that it intends from time to time to acquire up to an additional 1,000,000 shares of Cybex common stock. It is UM's contemplation that the stock purchases will be effectuated through UMI. The timing and amount of the stock purchases will 8 depend upon market and other factors and, based upon such factors, UM may from time-to-time choose to maintain its then present level of investment or choose to sell a portion of its shares of Common Stock." Item 5- Interest in Securities of the Issuer. Item 5 of the Schedule 13-D is hereby amended to read in its entirety as follows: "UME owns 4,173,056 shares of the Common Stock, representing 40.0% of the outstanding Common Stock (all percentages set forth herein being based upon the outstanding shares as indicated in CYBEX's most recent available filing with the Securities and Exchange Commission). "UMI owns 5,000 shares of the Common Stock, representing 0.06% of the outstanding Common Stock. John Aglialoro owns 3,366 shares of the Common Stock, representing 0.04% of the outstanding Common Stock. Joan Carter owns 749 shares of the Common Stock, representing 0.009% of the outstanding Common Stock. "Each of UME, UMI, Mr. Aglialoro and Ms. Carter possesses the sole power to vote or to direct the vote and to dispose or to direct the disposition of all shares of Common Stock owned by it. "Neither UM, UME, UMI, Mr. Aglialoro nor Ms. Carter nor, to the best of their respective knowledge, any of the persons listed on Schedule I hereto, beneficially owns any shares of Common Stock, except (i) as listed above, (ii) 2,749 shares owned by Mr. Carll, (iii) 9 options to acquire 42,730 shares held by Mr. Hicks, and (iv) 749 shares owned by Mr. Hicks." Item 7 - Material to be Filed as Exhibits. Exhibit 1 - Joint Filing Agreement dated August 3, 1998. Exhibit 2 - Press Release of UM Holdings, Ltd. - ------------------- 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: August 3, 1998 /s/ John Aglialoro ------------------------- John Aglialoro, Individually and as Chairman, UM Holdings, Ltd., UM Equity Corp. and UM Investment Corporation /s/ Joan Carter ------------------------- Joan Carter, Individually 10 SCHEDULE I Shareholders, Directors and Executive Officers of UM, UME and UMI
Relationship to UM, UME Principal Name Business Address and UMI Occupation (1) - ---- ---------------- ------------- -------------- John Aglialoro UM Holdings, Ltd. Shareholder, Chairman 56 Haddon Avenue Director and of UM Haddonfield, NJ 08033 Executive Officer of UM; Director and Executive Officer of UME and UMI Joan Carter UM Holdings, Ltd. Shareholder, President of UM 56 Haddon Avenue Director and Haddonfield, NJ 08033 Executive Officer of UM; Director and Executive Officer of UME and UMI Arthur W. Hicks, Jr. UM Holdings, Ltd. Executive Officer Chief Financial 56 Haddon Avenue of UM; Executive Officer of UM Haddonfield, NJ 08033 Officer and Director of UME and UMI James H. Carll Archer & Greiner Director of UM, Member of the One Centennial Square UME and UMI Law Firm of Haddonfield, NJ 08033 Archer & Greiner
(1) Address of employer is same as the individual's business address. 11 EXHIBIT I JOINT FILING AGREEMENT In accordance with Rule 13d-l(f) under the Securities Exchange Act of 1934, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (including amendments thereto) with respect to the common stock of CYBEX International, Inc., and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filings. In evidence thereof the undersigned, being duly authorized, hereby execute this Agreement this third day of August, 1998. UM HOLDINGS, LTD. By: /s/ John Aglialoro ------------------------ John Aglialoro, Chairman UM EQUITY CORPORATION By: /s/ John Aglialoro ------------------------ John Aglialoro, Chairman UM INVESTMENT CORPORATION By: /s/ John Aglialoro ------------------------ John Aglialoro, Chairman /s/ John Aglialoro ------------------------ John Aglialoro, Individually /s/ Joan Carter ------------------------ Joan Carter, Individually 12 EXHIBIT 2 UM HOLDINGS, LTD. ANNOUNCES THAT IT INTENDS TO ACQUIRE ADDITIONAL SHARES OF THE COMMON STOCK OF CYBEX INTERNATIONAL, INC. Haddonfield, N.J., August 3, 1998 - UM Holdings, Ltd., which is the beneficial owner of approximately 48% of the outstanding common stock of Cybex International, Inc. (AMEX:CYB), today announced that it intends to from time to time acquire up to an additional one million shares of Cybex common stock. Cybex currently has approximately 8.7 million shares of stock outstanding. John Aglialoro, Chairman of UM Holdings, Ltd., stated: "We believe that Cybex represents an attractive investment opportunity. For this reason, we have decided to increase our investment position in the company. While the timing and amount of these stock purchases will depend upon market and other factors, we do not intend to acquire more than an additional one million shares of the stock." Cybex International, Inc. is a leading strength and cardiovascular equipment company providing customers with premium quality, professional performance products for the commercial and consumer markets. UM Holdings, Ltd is a private investment company located in Haddonfield, New Jersey. 13 -----END PRIVACY-ENHANCED MESSAGE-----