-----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, VATocZW4E/pDsbgwdrH48M0M+2rN+fTgNNgH2++sT/QzBopqDCsxx1XKUFG4LF/n Rg0pJoETgIFRWuwBmCalVA== 0000950123-98-001538.txt : 19980218 0000950123-98-001538.hdr.sgml : 19980218 ACCESSION NUMBER: 0000950123-98-001538 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980217 SROS: NONE GROUP MEMBERS: CPI DEVELOPMENT CORP GROUP MEMBERS: HENRY H HOYT JR GROUP MEMBERS: RICHARD L CRUESS MD GROUP MEMBERS: SUZANNE H GARCIA SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CARTER WALLACE INC /DE/ CENTRAL INDEX KEY: 0000018000 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 134986583 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-12919 FILM NUMBER: 98540910 BUSINESS ADDRESS: STREET 1: 1345 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 BUSINESS PHONE: 2123395000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CPI DEVELOPMENT CORP CENTRAL INDEX KEY: 0001033596 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 136068379 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 103 SPRINGER BLDG STREET 2: 4311 SILVERSIDE RD CITY: WILMINGTON STATE: DE ZIP: 19810 MAIL ADDRESS: STREET 1: 103 SPRINGER BLDG STREET 2: 3411 SILVERSIDE ROAD CITY: WILMINGTON STATE: DE ZIP: 19810 SC 13G/A 1 AMENDMENT #9 TO SCHEDULE 13G 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 9)* CARTER-WALLACE, INC. ----------------------------------------- (Name of Issuer) Common Stock, par value $1.00 per share ----------------------------------------- (Title of Class of Securities) 146285 10 1 ----------------------------------------- (CUSIP Number) AND Class B Common Stock, par value $1.00 per share ------------------------------------------------- (Title of Class of Securities) 146285 20 0 ----------------------------------------- (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). (Continued on following page(s)) Page 1 of 24 Pages 2 CUSIP NO. 146285 10 1 13G PAGE 2 OF 24 PAGES 1 NAME OF REPORTING PERSON S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The CPI Development Corporation 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] This is a joint filing under Rule 13d-1(f)(1) (b) [ X ] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION The CPI Development Corporation is a Delaware corporation 5 SOLE VOTING POWER 11,754,000 NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY - 0 - OWNED BY EACH REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 11,754,000 8 SHARED DISPOSITIVE POWER - 0 - 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,754,000 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 35.14% 12 TYPE OF REPORTING PERSON* CO *SEE INSTRUCTION BEFORE FILLING OUT! 3 CUSIP NO. 146285 10 1 13G PAGE 3 OF 24 PAGES 1 NAME OF REPORTING PERSON S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Henry H. Hoyt, Jr. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] This is a joint filing under Rule 13d-1(f)(1). (b) [ X ] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Henry H. Hoyt, Jr. is a U.S. citizen. 5 SOLE VOTING POWER 273,299 shares NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 11,763,000 shares OWNED BY EACH REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 273,299 shares 8 SHARED DISPOSITIVE POWER 11,763,000 shares 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,036,299 shares 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * Henry H. Hoyt, Jr. disclaims beneficial ownership of 11,763,000 shares included in Row (9) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 35.83% 12 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTION BEFORE FILLING OUT! 4 CUSIP NO. 146285 10 1 13G PAGE 4 OF 24 PAGES 1 NAME OF REPORTING PERSON S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Suzanne H. Garcia 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] This is a joint filing under Rule 13d-1(f)(1). (b) [ X ] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Suzanne H. Garcia is a U.S. citizen. 5 SOLE VOTING POWER 10,800 NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 11,763,000 OWNED BY EACH REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 10,800 8 SHARED DISPOSITIVE POWER 11,763,000 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,773,800 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * Suzanne H. Garcia disclaims beneficial ownership of 11,763,000 shares included in Row (9). 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 35.20% 12 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTION BEFORE FILLING OUT! 5 CUSIP NO. 146285 10 1 13G PAGE 5 OF 24 PAGES 1 NAME OF REPORTING PERSON S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Richard L. Cruess, M.D. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] This is a joint filing under Rule 13d-1(f)(1). (b) [ X ] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Richard L. Cruess, M.D. is a citizen of Canada. 5 SOLE VOTING POWER 300 NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 11,763,000 OWNED BY EACH REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 300 8 SHARED DISPOSITIVE POWER 11,763,000 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,763,300 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * Richard L. Cruess, M.D. disclaims beneficial ownership of 11,763,000 shares included in Row (9). 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 35.17% 12 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTION BEFORE FILLING OUT! 6 CUSIP NO. 146285 20 0 13G PAGE 6 OF 24 PAGES 1 NAME OF REPORTING PERSON S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The CPI Development Corporation 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] This is a joint filing under Rule 13d-1(f)(1) (b) [ X ] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION The CPI Development Corporation is a Delaware corporation. 5 SOLE VOTING POWER 11,754,000 NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY - 0 - OWNED BY EACH REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 11,754,000 8 SHARED DISPOSITIVE POWER - 0 - 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,754,000 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 95.12% 12 TYPE OF REPORTING PERSON* CO *SEE INSTRUCTION BEFORE FILLING OUT! 7 CUSIP NO. 146285 20 0 13G PAGE 7 OF 24 PAGES 1 NAME OF REPORTING PERSON S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Henry H. Hoyt, Jr. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] This is a joint filing under Rule 13d-1(f)(1). (b) [ X ] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Henry H. Hoyt, Jr. is a U.S. citizen. 5 SOLE VOTING POWER 22,530 shares NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 11,763,000 shares OWNED BY EACH REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 22,530 shares 8 SHARED DISPOSITIVE POWER 11,763,000 shares 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,785,530 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * Henry H. Hoyt, Jr. disclaims beneficial ownership of 11,763,000 shares included in Row (9). 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 95.38% 12 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTION BEFORE FILLING OUT! 8 CUSIP NO. 146285 20 0 13G PAGE 8 OF 24 PAGES 1 NAME OF REPORTING PERSON S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Suzanne H. Garcia 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] This is a joint filing under Rule 13d-1(f)(1). (b) [ X ] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Suzanne H. Garcia is a U.S. citizen 5 SOLE VOTING POWER 13,800 NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 11,763,000 OWNED BY EACH REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH 13,800 8 SHARED DISPOSITIVE POWER 11,763,000 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,776,800 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * Suzanne H. Garcia disclaims beneficial ownership of 11,763,000 shares included in Row (9). 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 95.31% 12 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTION BEFORE FILLING OUT! 9 CUSIP NO. 146285 20 0 13G PAGE 9 OF 24 PAGES 1 NAME OF REPORTING PERSON S.S OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Richard L. Cruess, M.D. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] This is a joint filing under Rule 13d-1(f)(1). (b) [ X ] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Richard L. Cruess, M.D. is a citizen of Canada. 5 SOLE VOTING POWER - 300 - NUMBER OF 6 SHARED VOTING POWER SHARES BENEFICIALLY 11,763,000 OWNED BY EACH REPORTING 7 SOLE DISPOSITIVE POWER PERSON WITH - 300 - 8 SHARED DISPOSITIVE POWER 11,763,000 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,763,300 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES * Richard L. Cruess, M.D. disclaims beneficial ownership of 11,763,000 shares included in Row (9). 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 95.20% 12 TYPE OF REPORTING PERSON* IN *SEE INSTRUCTION BEFORE FILLING OUT! 10 ITEM 1(a) NAME OF ISSUER: Carter-Wallace, Inc. ITEM 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 1345 Avenue of the Americas New York, New York 10105 ITEM 2(a) NAME OF PERSON FILING: Pursuant to the provisions of Rule 13d-1(f)(1) under the Securities Exchange Act of 1934, this Schedule 13G is being filed on behalf of: (i) The CPI Development Corporation (ii) Mr. Henry H. Hoyt, Jr. (iii) Mrs. Suzanne H. Garcia (iv) Richard L. Cruess, M.D. Attached hereto as Exhibit A is the agreement in writing of each of the above that this Schedule 13G is filed on behalf of each of them. ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: (i) The principal business office of The CPI Development Corporation is: 103 Springer Building 3411 Silverside Road Wilmington, Delaware 19810 (ii) The principal business office of Mr. Henry H. Hoyt, Jr. is: c/o Carter-Wallace, Inc. 1345 Avenue of the Americas New York, New York 10105 Page 10 of 24 pages 11 (iii) The residence address of Mrs. Suzanne H. Garcia is: P.O. Box 5040 Santa Fe, New Mexico 87502 (iv) The principal business office of Richard L. Cruess, M.D. is: Centre for Medical Education Lady Meredith House 1110 Pine Avenue West Montreal, Q.C., Canada H3A 1A3 ITEM 2(c) CITIZENSHIP: CPI Development Corporation is a Delaware corporation. All persons named in response to Item 2(a) are citizens of the United States, except Dr. Cruess, who is a citizen of Canada. ITEM 2(d) TITLE OF CLASSES OF SECURITIES: Common Stock, par value $1.00 per share. Class B Common Stock, par value $1.00 per share. ITEM 2(e) CUSIP NUMBERS: 146285 10 1 - Common Stock 146285 20 0 - Class B Common Stock ITEM 3 Not applicable. ITEM 4 OWNERSHIP (a) Amount beneficially owned: At December 31, 1997, The CPI Development Corporation ("CPI") beneficially owned 11,754,000 shares of Common Stock, par value $1.00 per share (the "Common Stock"), of Carter-Wallace, Inc. ("Carter-Wallace") and 11,754,000 shares of Class B Common Stock, par value $1.00 per share (the "Class B Common Stock"), of Carter-Wallace. The directors of CPI are Henry H. Hoyt, Jr., Suzanne H. Garcia and Richard L. Cruess, M.D. Page 11 of 24 pages 12 The following table shows the ownership of the voting stock of CPI (i.e., Class C Common Stock) by the persons (other than CPI) named in response to Item 2(a):
Number of Shares of Shareholder Name Class C Common Percent of Class C and Address Stock of CPI Common Stock of CPI - --------------------------------------------------------------------------------- Henry H. Hoyt, Jr., 327.3 25.1% Suzanne Hoyt Garcia & Richard L. Cruess, as Trustees under Paragraph 1 of agreement dated 5/24/84, as amended, Henry H. Hoyt, Grantor, c/o Marshall M. Green - Carter-Wallace, Inc., 1345 Avenue of the Americas, New York, NY 10105 Henry H. Hoyt, Jr., 304 23.3% Suzanne Hoyt Garcia & Richard L. Cruess, Trustees u/w Kate Good Orcutt, c/o Marshall M. Green - Carter-Wallace, Inc., 1345 Avenue of the Americas, New York, NY 10105 Henry H. Hoyt, Jr., 137 10.5% Suzanne Hoyt Garcia & Richard L. Cruess, Successor Trustees u/i dated 5/29/44 f/b/o Anna Orcutt Hoyt, et al., c/o Marshall M. Green - Carter-Wallace, Inc., 1345 Avenue of the Americas, New York, NY 10105 Henry H. Hoyt, Jr. & 109.1 8.4% Muriel Christie Hoyt, Trustees u/a dated 4/24/75, f/b/o Henry H. Hoyt, Jr., 59 Fairfield Drive, Short Hills, NJ 07078
Page 12 of 24 pages 13
Number of Shares of Shareholder Name Class C Common Percent of Class C and Address Stock of CPI Common Stock of CPI - --------------------------------------------------------------------------------- Marshall M. Green, Trustee 109.1 8.4% under Agreement dated August 31, 1988, Charles O. Hoyt, Grantor, c/o Marshall M. Green - Carter-Wallace, Inc., 1345 Avenue of the Americas, New York, NY 10105 The Suzanne Hoyt Garcia 109.1 8.4% Revocable Trust u/a July 27, 1995, The Santa Fe Ranch, P.O. Box 5040 Santa Fe, NM 87502 Merrill Lynch, Pierce, 60.4 4.6% Fenner & Smith, Inc., FAO Gloria Kirschner-Orcutt, #427-25682, 1500 Lincoln First Square, Rochester, NY 14604 Henry H. Hoyt, Jr., 50 3.8% Charles O. Hoyt & Suzanne H. Garcia, Trustees u/a dated February 29, 1988, Anna O. Hoyt, Grantor, Henry H. Hoyt, Jr. share, c/o Marshall M. Green - Carter-Wallace, Inc., 1345 Avenue of the Americas, New York, NY 10105 Henry H. Hoyt, Jr., 50 3.8% Charles O. Hoyt & Suzanne H. Garcia, Trustees u/a dated February 29, 1988, Anna O. Hoyt, Grantor, Charles O. Hoyt share, c/o Marshall M. Green - Carter-Wallace, Inc., 1345 Avenue of the Americas, New York, NY 10105
Page 13 of 24 pages 14
Number of Shares of Shareholder Name Class C Common Percent of Class C and Address Stock of CPI Common Stock of CPI - --------------------------------------------------------------------------------- Henry H. Hoyt, Jr., 50 3.8% Charles O. Hoyt & Suzanne H. Garcia, Trustees u/a dated February 29, 1988, Anna O. Hoyt, Grantor, Suzanne H. Garcia share, c/o Marshall M. Green - Carter-Wallace, Inc., 1345 Avenue of the Americas, New York, NY 10105 Total Shares 1,306
The following table shows the beneficial ownership (other than indirect beneficial ownership through CPI shown in the preceding table) of shares of Common Stock and Class B Common Stock by the persons (other than CPI) named in response to Item 2(a):
Number of Shares Number of Shares of Carter-Wallace of Carter-Wallace Name Common Stock Class B Common Stock ---- ----------------- -------------------- Henry H. Hoyt, Jr. 282,299 31,530 Suzanne H. Garcia 19,800 22,800 Richard L. Cruess, 9,300 9,300 M.D
(b) Percent of Class: The shares of Carter-Wallace Common Stock described in response to Item 4(a) amount to approximately 36.07% of the number of such shares outstanding on December 31, 1997. The shares of Carter-Wallace Class B Common Stock described in response to Item 4(a) amount to approximately 95.63% of the number of such shares outstanding on December 31, 1997. (c) The following tables set forth, for the persons named in response to Item 2(a), the number of shares of each of Common Stock and Class B Common Stock as to which such person has (A) sole power to vote or to direct the vote, (B) shared power to vote or to direct the vote, (C) Page 14 of 24 pages 15 sole power to dispose or to direct the disposition of, or (D) shared power to dispose or to direct the disposition of:
Power to vote or Power to dispose or to to direct the vote direct the disposition of Common Stock of Common Stock ------------------ ---------------------- Name Sole Shared Sole Shared ---- ---- ------ ---- ------ CPI 11,754,000 0 11,754,000 0 Henry H. Hoyt, Jr. 273,299 11,763,000(1) 273,299 11,763,000(1) Suzanne H. Garcia 10,800 11,763,000(1) 10,800 11,763,000(1) Richard L. Cruess, 300 11,763,000(1) 300 11,763,000(1) M.D
Power to vote or Power to dispose or to to direct the vote direct the disposition of Class B Common Stock of Class B Common Stock ----------------------- ----------------------- Name Sole Shared Sole Shared ---- ---- ------ ---- ------ CPI 11,754,000 0 11,754,000 0 Henry H. Hoyt, Jr. 22,530 11,763,000(1) 22,530 11,763,000(1) Suzanne H. Garcia 13,800 11,763,000(1) 13,800 11,763,000(1) Richard L. Cruess, 300 11,763,000(1) 300 11,763,000(1) M.D
(1) Includes 11,754,000 shares of each of Common Stock and Class B Common Stock owned by CPI as to which such person, as a stockholder or a director of CPI, may be deemed to share voting power and the power of disposition. Also includes 9,000 shares of each of Common Stock and Class B Common Stock held in trust under the will of Kate Good Orcutt; Henry H. Hoyt, Jr. and Suzanne H. Garcia are trustees and beneficiaries of the trust and Richard L. Cruess, M.D. is a trustee of the trust. Henry H. Hoyt, Jr., Suzanne H. Garcia and Richard L. Cruess, M.D. disclaim beneficial ownership of the shares of Common Stock or Class B Common Stock owned by CPI or such trust. Page 15 of 24 pages 16 ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS Not applicable. ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock, except that substantially all dividends on the Common Stock owned by CPI are payable to the holders of CPI's 6% First Preferred Stock, 4% Second Preferred Stock and 8% Third Preferred Stock. The holders of CPI's Class C (voting) and Class B (non-voting) Common Stock have no right to receive the proceeds of dividends paid on the Common Stock until the preferential dividends on CPI's 6% First Preferred Stock, 4% Second Preferred Stock and 8% Third Preferred Stock are paid in full. The following table sets forth the ownership of CPI's 6% First Preferred Stock, 4% Second Preferred Stock, 8% Third Preferred Stock and Class B Common Stock:
Number of Number of Number of Number of Shares of Shares of Shares of Shares of 6% First 4% Second 8% Third Class B Shareholder Name Preferred Preferred Preferred Common and Address Stock Stock Stock Stock - --------------------------------------------------------------------------------------
Page 16 of 24 pages 17
Number of Number of Number of Number of Shares of Shares of Shares of Shares of 6% First 4% Second 8% Third Class B Shareholder Name Preferred Preferred Preferred Common and Address Stock Stock Stock Stock - -------------------------------------------------------------------------------------- Henry H. Hoyt, Jr., 2,489 75,689 99,826.5 Suzanne Hoyt Garcia & Richard L. Cruess, as Trustees under Paragraph 1 of agreement dated 5/24/84, as amended, Henry H. Hoyt, Grantor, c/o Marshall M. Green - Carter- Wallace, Inc., 1345 Avenue of the Americas, New York, NY 10105 Anna O. Hoyt 2,490 75,690 Revocable Trust - Trust Before Division, c/o Marshall M. Green - Carter-Wallace, Inc., 1345 Avenue of the Americas, New York, NY 10105 Henry H. Hoyt, Jr., 22,496 132,544 927,200 2,736 Suzanne Hoyt Garcia & Richard L. Cruess, Trustees u/w Kate Good Orcutt, c/o Marshall M. Green - Carter-Wallace, Inc., 1345 Avenue of the Americas, New York, NY 10105 Henry H. Hoyt, Jr., 11,100 65,400 457,500 1,363 Suzanne Hoyt Garcia & Richard L. Cruess, Successor Trustees u/i dated 5/29/44 f/b/o Anna Orcutt Hoyt, et al., c/o Marshall M. Green - - Carter-Wallace, Inc., 1345 Avenue of the Americas, New York, NY 10105 Henry H. Hoyt, Jr. & 219.6 24,503.25 161,985.5 422 Muriel Christie Hoyt, Trustees u/a dated 4/24/75, f/b/o Henry H. Hoyt, Jr., 59 Fairfield Drive, Short Hills, NJ 07078
Page 17 of 24 pages 18
Number of Number of Number of Number of Shares of Shares of Shares of Shares of 6% First 4% Second 8% Third Class B Shareholder Name Preferred Preferred Preferred Common and Address Stock Stock Stock Stock - -------------------------------------------------------------------------------------- Marshall M. Green, 3,039.6 24,503.25 161,985.5 422 Trustee under Agreement dated August 31, 1988, Charles O. Hoyt, Grantor, c/o Marshall M. Green - Carter- Wallace, Inc., 1345 Avenue of the Americas, New York, NY 10105 The Suzanne Hoyt 1,000 33,275.5 Garcia Revocable Trust u/a July 27, 1995, The Santa Fe Ranch, P.O. Box 5040, Santa Fe, NM 87502 Merrill Lynch, 4,469.6 26,334 184,220 543.6 Pierce, Fenner & Smith, Inc., FAO Gloria Kirschner- Orcutt, #427-25682, 1500 Lincoln First Square, Rochester, NY 14604 Henry H. Hoyt, Jr., 15,250 Charles O. Hoyt & Suzanne H. Garcia, Trustees u/a dated February 29, 1988, Anna O. Hoyt, Grantor, Henry H. Hoyt, Jr. share, c/o Marshall M. Green - Carter-Wallace, Inc., 1345 Avenue of the Americas, New York, NY 10105
Page 18 of 24 pages 19
Number of Number of Number of Number of Shares of Shares of Shares of Shares of 6% First 4% Second 8% Third Class B Shareholder Name Preferred Preferred Preferred Common and Address Stock Stock Stock Stock - -------------------------------------------------------------------------------------- Henry H. Hoyt, Jr., 15,250 Charles O. Hoyt & Suzanne H. Garcia, Trustees u/a dated February 29, 1988, Anna O. Hoyt, Grantor, Charles O. Hoyt share, c/o Marshall M. Green - Carter-Wallace, Inc., 1345 Avenue of the Americas, New York, NY 10105 Henry H. Hoyt, Jr., 15,250 Charles O. Hoyt & Suzanne H. Garcia, Trustees u/a dated February 29, 1988, Anna O. Hoyt, Grantor, Suzanne H. Garcia share, c/o Marshall M. Green - Carter-Wallace, Inc., 1345 Avenue of the Americas, New York, NY 10105 Henry H. Hoyt, Jr. & 859,307 2,817.4 Suzanne H. Garcia, Trustees u/i Henry H. Hoyt dated 6/17/64, c/o Marshall M. Green - - Carter-Wallace, Inc., 1345 Avenue of the Americas, New York, NY 10105
Page 19 of 24 pages 20
Number of Number of Number of Number of Shares of Shares of Shares of Shares of 6% First 4% Second 8% Third Class B Shareholder Name Preferred Preferred Preferred Common and Address Stock Stock Stock Stock - -------------------------------------------------------------------------------------- Anna O. Hoyt, Trust 3,756 22,132 78,164 256 u/a dtd December 28, 1988 f/b/o Henry H. Hoyt, Jr. et al., c/o Marshall M. Green - Carter-Wallace, Inc., 1345 Avenue of the Americas, New York, NY 10105. Anna O. Hoyt, Trust 3,756 22,132 78,165 256 u/a dtd December 28, 1988 f/b/o Charles O. Hoyt et al., c/o Marshall M. Green - Carter-Wallace, Inc., 1345 Avenue of the Americas, New York, NY 10105 Anna O. Hoyt, Trust 3,757 22,131 78,164 256 u/a dtd December 28, 1988 f/b/o Suzanne H. Garcia et al., c/o Marshall M. Green - Carter-Wallace, Inc., 1345 Avenue of the Americas, New York, NY 10105 Dengel & Co., a/c 13- 15,185 9,636 186,660 612 6066948, c/o Fiduciary Trust Co. of NY, P.O. Box 3199, Church Street Station, New York, NY 10008 William A. Simmons, 3,469.6 26,334.25 184,220 604 Beth R. Davenport & Elizabeth W. Woods, Trustees u/i dated 11/8/66, c/o William A. Simmons, 1901 Calle De Sabastion, Santa Fe, NM 87501 Henry H. Hoyt, Jr. & 184,220 604 Suzanne H. Garcia, Trustees u/i Anna Orcutt Hoyt dated 6/17/64, c/o Marshall M. Green - Carter- Wallace, Inc., 1345 Avenue of the Americas, New York, NY 10105
Page 20 of 24 pages 21
Number of Number of Number of Number of Shares of Shares of Shares of Shares of 6% First 4% Second 8% Third Class B Shareholder Name Preferred Preferred Preferred Common and Address Stock Stock Stock Stock - -------------------------------------------------------------------------------------- Marshall M. Green, 42,700 140 Trustee u/i Henry H. Hoyt Jr., dated 9/10/64, c/o Marshall M. Green - Carter- Wallace, Inc., 1345 Avenue of the Americas, New York, NY 10105 Henry H. Hoyt, Jr. & 42,700 140 Marshall M. Green, Trustees u/i Charles O. Hoyt dated 8/14/64, c/o Marshall M. Green - Carter- Wallace, Inc., 1345 Avenue of the Americas, New York, NY 10105 The Hoyt Foundation, 12,401 17,048 c/o Marshall M. Green - - Carter-Wallace, Inc., 1345 Avenue of the Americas, New York, NY 10105 Columbia-Presbyterian 1,000 Medical Center Fund, Inc., Att: Robert Feldman, Executive Director, 100 Haven Avenue, New York, NY 10032 Preventive Medicine 1,000 Institute Strang Clinic, Inc., Att: Dr. Daniel Miller, Chief Executive Officer, 428 East 72nd St., New York, NY 10021
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Number of Number of Number of Number of Shares of Shares of Shares of Shares of 6% First 4% Second 8% Third Class B Shareholder Name Preferred Preferred Preferred Common and Address Stock Stock Stock Stock - -------------------------------------------------------------------------------------- Pingry Corporation, 715 c/o Mr. Anthony Carro, Pingry School, Short Hills Campus, Country Day Drive, Short Hills, NJ 07078 Total Shares 92,343.4 544,076.75 3,806,043 11,172
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED OR BY THE PARENT HOLDING COMPANY. Not applicable. ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. Not applicable. ITEM 9 NOTICE OF DISSOLUTION OF GROUP. Not applicable. ITEM 10 CERTIFICATION. Not applicable. Page 22 of 24 pages 23 SIGNATURES 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. THE CPI DEVELOPMENT CORPORATION Date: February 17, 1998 By: /s/ Henry H. Hoyt, Jr. --------------------------- Henry H. Hoyt, Jr. President Date: February 17, 1998 /s/ Richard L. Cruess, M.D. ------------------------------- Richard L. Cruess, M.D. Date: February 17, 1998 /s/ Suzanne H. Garcia ------------------------------- Suzanne H. Garcia Date: February 17, 1998 /s/ Henry H. Hoyt, Jr. ------------------------------- Henry H. Hoyt, Jr. Page 23 of 24 pages 24 EXHIBIT A The undersigned hereby agree to file one statement on Schedule 13G to report ownership as of December 31, 1997 of stock of Carter-Wallace, Inc., and agree that Amendment No. 9 to the statement on Schedule 13G to which this Agreement is attached as Exhibit A is filed on behalf of each of the undersigned. THE CPI DEVELOPMENT CORPORATION By: /s/ Henry H. Hoyt, Jr. --------------------------- Henry H. Hoyt, Jr. President /s/ Richard L. Cruess, M.D. ------------------------------- Richard L. Cruess, M.D. /s/ Suzanne H. Garcia ------------------------------- Suzanne H. Garcia /s/ Henry H. Hoyt, Jr. ------------------------------- Henry H. Hoyt, Jr. Page 24 of 24 pages -----END PRIVACY-ENHANCED MESSAGE-----